WGU - Business Law C713 Chapter 4 exam questions and answers 2024

Stare Decisis Let the decision stand: Set precedent for similar cases in the future, but must remain flexible for new issues and changing social climates. Statutory Law Enacted by a legislature, criminalize certain actions and spell out their penalties. We vote on states representatives who create these laws. Common Law Judge made law New Law House of Representatives and the Senate. Either house may originate a proposed statute, which is called a bill. The bill must be voted on and approved by both houses. Once both houses pass it, they will send it to the president. If the president signs the bill, it becomes law. Statutory Interpretation Process where courts interpret and apply legislation. Administrative Law Agencies who create these types of rules.