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Business Law Exam 1 (ch. 1,2,3,6,7)Latest Updated Exam Questions 2024. law - correct answer A body of enforceable rules governing relationships among individuals and between individuals and their society. Primary sources of law - correct answer 1. The U.S. Constitution and the constitutions of the various states. 2. Statutory law—including laws passed by Congress, state legislatures, or local governing bodies. 3. Regulations created by administrative agencies, such as the Food and Drug A...

Business Law Exam 2024 Written Exam. aristotle - correct answer law is reason unaffected by desire holmes - correct answer law embodies the story the life of the law has been experience blacks law dictionary - correct answer a body of rules of action or conduct prescribed by controlling authority and having legal binding force public law - correct answer enacted by some authorized government body private law - correct answer enacted by private individuals, example: the terms of a l...

Business Law Exam Correctly Answered 100% 2024. why do legal systems evolve? - correct answer to encourage and promote stability and order define law - correct answer a body of enforceable rules which govern relationships among and between individuals and society defin substantive law - correct answer create rights, duties, and privileges consistent with public policy at the time of enactment examples of substantive law - correct answer legislative acts and judicial pronouncements d...

Business Law Final Exam Prediction Questions 2024. constitution - correct answer The document that sets forth the framework of a government and its relationship to the people it governs. Common law - correct answer based upon the current standards or customs of the people. positive law - correct answer Law that is dictated from above by a sovereign or other central authority business ethics - correct answer Ethical principles used in making business decisions Guidelines - correct an...

Business Law Flashcards 2024. Administrative Agencies - correct answer commissions or boards that have the power to regulate particular matters or implement laws Antitrust Laws - correct answer laws designed to prevent an individual, corporation, or other group from controlling too large a share of the market for a product Balloon Payment - correct answer payment more than twice the normal installment payments Bearer - correct answer payee of the instrument made payable to whomever is ...

Business Law Questions Correctly Answered 2024. Any rate of interest above the maximum rate allowable by law is: a. fiduciary b. usury c. undue influence d. duress - correct answer b. usury The party who makes an offer is called the: a. offeree b. offered c. offeror d. optional - correct answer c. offeror The party who is sued in a civil suit is known as the: a. defendant b. plaintiff c. offeror d. administrator - correct answer a. defendant The doctrine of 'stare decisis...

Business Law Study Guide With Complete Solutions 2024. Common Law - correct answer Made by Judges, Case Law Criminal Case - correct answer Beyond a Reasonable Doubt Civil Case - correct answer Preponderance of the Evidence Higher court than Trial Court - correct answer Court of Appeals, Supreme Court Binding Precedent on Trial Court - correct answer Court of Appeals Minimum Contacts - correct answer Sue in Either state, Federal if above 75000 United States is a party to the Ca...

Business Law Terms Exam Questions Correctly Answered 2024. Law - correct answer A body of enforceable rules governing relationships among individuals and between individuals and society Breach - correct answer The failure to perform a legal obligation Primary Source of law: - correct answer A document that establishes the law on a particular issue, such as a constitution, a statute, an administrative rule, or a court decision Secondary Source of Law - correct answer A publication that ...

Business Law Practice Exam Questions 2024. What is the normal penalty for breach of a civil wrong? - correct answer compensation for damages suffered What is business law? - correct answer Business law is concerned with rules of conduct prescribed by government for the performace of business transactions What are the objectives of law? - correct answer it forms a framework for a stable society What are the roots of our legal system? - correct answer English, French, and Spanish, but mo...

Chapter 1 Business Law Final Exam Prediction Questions 2024. Criminal Law - correct answer regulates incidents which someone commits an act against the public as a whole Cyber Law - correct answer Online laws Sources of the law - correct answer constitutional law, statutory law, uniform law, and case law Constitutional Law - correct answer general limits and powers of these governments as stated in their written constitution. Supreme law of the land. Statutory Law - correct answer r...