BULE 303-Exam 1 Slides with verified
answers already passed
Laws - correct answer ✔✔•Laws are enforceable rules governing relationships among
individuals and between individuals and their society.
•Many Different Laws May Affect a Single Business Transaction
Sources that establish the law - correct answer ✔✔1. U.S. Constitution and state constitutions
2. Statutes passed by legislature
3. Regulations created by administrative agencies
4. Case law
Sources of law can be primary or secondary
Primary Sources of Law - correct answer ✔✔are documents where the laws themselves are
contained, such as a constitution, statute, or case law.
Secondary Sources of Law - correct answer ✔✔are books and articles that discuss primary
sources of law. Examples include law encyclopedias and law review articles.
Constitutional Law - correct answer ✔✔Lay out the powers and organization of the
government. Each state and the federal government have a constitution.
Statutory Law - correct answer ✔✔Laws enacted by legislatures; local, state, and the federal
government each have statutory codes
, •Uniform Laws: a group of laws written by scholars, which can be adopted in part or whole by
legislatures
•The Uniform Commerical Code (UCC)
Administrative Law - correct answer ✔✔Written rules established by local, state, or federal
agencies
The body of law created by administrative agencies (in the form of rules, regulations, orders,
and decisions) in order to carry out their duties and responsibilities.
Case Law and Common Law Doctrines - correct answer ✔✔Rules of law interpreted by courts.
Courts interpret other sources of American law.
common law tradition - correct answer ✔✔•The American legal system is based upon the
principles established by the English legal system of common law.
•"Common law" refers to the body of law that has developed from court decisions.
Check to see if correct:
a legal system based on the accumulated rulings of judges over time applied uniformly-judge-
made law
Stare Decisis (precedent) - correct answer ✔✔•Court decisions work on the principle of
"precedent," also sometimes known as "stare decisis."
•Stare decisis has two main principles:
1. Lower courts must follow decisions of higher courts
answers already passed
Laws - correct answer ✔✔•Laws are enforceable rules governing relationships among
individuals and between individuals and their society.
•Many Different Laws May Affect a Single Business Transaction
Sources that establish the law - correct answer ✔✔1. U.S. Constitution and state constitutions
2. Statutes passed by legislature
3. Regulations created by administrative agencies
4. Case law
Sources of law can be primary or secondary
Primary Sources of Law - correct answer ✔✔are documents where the laws themselves are
contained, such as a constitution, statute, or case law.
Secondary Sources of Law - correct answer ✔✔are books and articles that discuss primary
sources of law. Examples include law encyclopedias and law review articles.
Constitutional Law - correct answer ✔✔Lay out the powers and organization of the
government. Each state and the federal government have a constitution.
Statutory Law - correct answer ✔✔Laws enacted by legislatures; local, state, and the federal
government each have statutory codes
, •Uniform Laws: a group of laws written by scholars, which can be adopted in part or whole by
legislatures
•The Uniform Commerical Code (UCC)
Administrative Law - correct answer ✔✔Written rules established by local, state, or federal
agencies
The body of law created by administrative agencies (in the form of rules, regulations, orders,
and decisions) in order to carry out their duties and responsibilities.
Case Law and Common Law Doctrines - correct answer ✔✔Rules of law interpreted by courts.
Courts interpret other sources of American law.
common law tradition - correct answer ✔✔•The American legal system is based upon the
principles established by the English legal system of common law.
•"Common law" refers to the body of law that has developed from court decisions.
Check to see if correct:
a legal system based on the accumulated rulings of judges over time applied uniformly-judge-
made law
Stare Decisis (precedent) - correct answer ✔✔•Court decisions work on the principle of
"precedent," also sometimes known as "stare decisis."
•Stare decisis has two main principles:
1. Lower courts must follow decisions of higher courts
