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Intro Business Law Clep Exam Study Guide Latest Updated

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Intro Business Law Clep Exam Study Guide Latest Updated

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Intro Business Law Clep Exam Study
Guide Latest Updated

What is the supreme law of the land - ANS-The constitution

Legislative law is called - ANS-statutory law

What part of the government makes rules and regulations that have the force and effect
of law? - ANS-Administrative agencies

Court-made law is called - ANS-Common law

Stare decisis means - ANS-"let the decision stand" or the earlier decision

An ordinance is an example of - ANS-local law

Colonist settled Plymouth, Jamestown, and Massachusetts Bay Colony in the 1600s.
They brought with them the concepts of laws from their home country. From which
country is our common law derived? - ANS-England

The criminal code is an example of - ANS-statutory law

What is the source of law that results when Congress approved an agreement with
another country? - ANS-Treaty

Pedestrian is injured when crossing a street. The driver insists that the pedestrian
crossed the street while the light was red. Pedestrian claims the light was green.
Pedestrian suffers a broken leg and back injuries and misses a month of work. In order
to resolve the issue, pedestrian sues driver. Which type of law will be applied to the
case? - ANS-Civil law

What is the trial court for the federal court system called - ANS-District court

For how long are federal judges appointed - ANS-during good behavior

Which court will first hear a dispute between two states - ANS-U.S. supreme court

The state's highest court of appeals ruled against a defendant on his claim that his
constitutional rights were violated. If he wants to take the case to the U.S. Supreme
Court, what is the first filing his attorney must make? - ANS-Writ of Certiorari which asks
the high court to hear and decide a case

, Store owner wants to collect an unpaid account. What is the first pleading the owner
must file in court? - ANS-Complaint

What is the burden of proof for the prosecution in a criminal case? - ANS-Beyond a
reasonable doubt

What is the term for the power of a court to hear a case? - ANS-Jursidiction

When is a summary judgement granted - ANS-When there is no genuine issue of
material fact

What is another name for jury selection - ANS-Voir Dire "means to speak the truth"

What are written questions propounded by one party to be answered by the second
party under oath prior to trial? - ANS-Interrogatories

What is the rule that states a common law acceptance must be identical in revere to a
common law offer? - ANS-Mirror image rule

What is the term that indicates the parties have the legal ability to enter into a contract?
- ANS-Capacity

What is the term that defines a situation in which a landlord gives to a relative the power
to receive rents that are normally paid to the landlord? - ANS-Assignment

Which statute requires transactions involving real estate to be in writing? - ANS-Statute
of Frauds

What is the person making the offer called? - ANS-Offerer

Who is the delegee - ANS-The person to whom the contractual duty is delegated

What is the benefit that must be bargained for in contract law? - ANS-Consideration

Which element listed below is Not applicable to a misrepresentation - ANS-Intent to
deceive. A misrepresentation can be made without the intent to deceive.

What does "force majure" mean - ANS-An unexpected event in nature that allows
parties not to perform a contract.

Which of the following is Not an element of undue influence? - ANS-Duress. It is the
intent to use force or threat of force to get a person to do a specific act or enter into an
unfair contract.
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