2025/2026
Business law consists of the enforceable rules of ______ that govern commercial relationships.
corporations
consumers
nonprofit organizations
conduct - Answers Conduct
______ law involves disputes between private individuals or groups.
Private
Quasi-institutional
Public
Institutional - Answers Private
Which classification of law involves the rights and responsibilities found in relationships
between persons and between persons and their government?
criminal
foundational
preliminary
civil - Answers Civil
______ law refers to the general limits and powers of the federal and state governments as
stated in their written constitutions.
Constitutional
Statutory
Judge-made
, Common - Answers Constitutional
In the context of sources of business law, the assortment of rules and regulations put forth by
legislatures is called _____.
constitutional law
statutory law
criminal law
case law - Answers statutory law
A majority of citizens in a democracy can agree to establish rules for business behavior. They
can permit certain authorities to make and enforce rules describing what behavior is permitted
and encouraged in their community. These rules are referred to as _____.
morals
law
equity
ethics - Answers law
______ law involves disputes between private individuals or groups and their government.
Public
Private
Quasi-institutional
Institutional - Answers Public
______ law involves the rights and responsibilities found in relationships between persons and
between persons and their government.
Civil
Quasi-institutional