BUSN 323 VCU - Exam 1 Questions and
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Law
✓ Consists of rules that regulate the conducts of individuals, businesses, and
organizations in society.
Common Law
✓ Part of English law that is derived from custom and judicial precedent rather
than statutes; the body of law developed by judges, courts, and similar
tribunals.
Private law
✓ Law of settling disputes between two individuals
Public law
✓ Settles disputes with the government.
Plessy vs Ferguson
✓ Established "separate but equal" segregation and set judicial precedence. Was
later abolished .
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Civil law
✓ Private law, settles disputes between individuals.
Criminal law
✓ Settles violations against peace/dignity of the government. Penalty is typically
time-served.
Supreme law of the land
✓ the Constitution
Statute
✓ Drafted by legislators, passed and voted by Congress. Individual laws dictating
specific things, then approved by executive branch.
Treaties
✓ Negotiated by the Executive branch, then passed by 2/3 of Congress. Only
occurs between two sovereign countries.
Local ordinances
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✓ Law directed towards a local town/county; Legislative acts by state subdivisions
✓
✓ IE)Zoning ordinances
✓ Parking ordinances
✓ Personal property tax
Executive Orders
✓ When the legislative branch gives the executive power to make an executive
decision.
Regulations
✓ When the legislative branch gives certain agencies the rights to make
regulations.
✓
✓ IE) SEC; Securities Exchange Commission
Complaint
✓ Initial pleading by the plaintiff. Documents are filed in the case include: whom,
reasons for filing suit, and amount of damages sought.
Once served, the defendant has _______ days to file a response.
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