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Business Law midterm

CHAPTER 1

QuestionAnswer
The law that establishes rules for enforcing rights PROCEDURAL LAW
A PUBLIC WRONG COMMITTED AGAINST SOCIETY OR THE STATE CRIME
THE REMEDY OBTAINABLE FROM A COURT OF LAW FOR A CIVIL LAWSUIT MONEY DAMAGES
A GUIDING PRINCIPLE WHEREBY A COURT FOLLOWS PREVIOUS DECISIONS IN DECIDING THE PRESENT CASE BEFORE IT STARE DECISIS
A SYSTEM OF JUDICIAL RELIEF THAT DEVELOPED BECAUSE OF A LACK OF A PROPER REMEDY FROM THE COMMON LAW SYSTEM EQUITY
ONE TYPE OF REMEDY AVAILABLE ONLY IN A COURT OF EQUITY REQUIRING A PARTY TO REFRAIN FROM DOING A SPECIFIC ACT INJUNCTION
THE MEANS BY WHICH THE LAW ENFORCES JUDGEMENTS LEGAL SANCTIONS
THE SUPREME LAW OF THE LAND U.S. CONSTITUTION
THE LAW THAT GOVERNS COMMERCIAL TRANSACTIONS IN MOST STATES UNIFORM COMMERCIAL CODE
THE LAW THAT DEFINES, CREATES, AND REGULATES LEGAL RIGHTS AND DUTIES SUBSTANTIVE LAW
AN AGREEMENT BETWEEN OR AMONG INDEPENDENT NATIONS TREATY
GENERAL LEGAL PRINCIPLES FORMULATED BY EQUITY COURTS MAXIMS
LEGISLATIVE LAWS PASSED BY THE FEDERAL GOVERNMENT FEDERAL STATUTES
A GOVERNER OF A STATE MAY ISSUE THIS SOURCE OF LAW EXECUTIVE ORDER
A REMEDY IN EQUITY IN WHICH A PARTY IS ALLOWED TO INVALIDATE A CONTRACT RESCISSION
IN ORDER TO SURVIVE, A CIVILIZED SOCIETY MUST HAVE AN EFFICIENT AND STABLE LEGAL SYSTEM T/F TRUE
CIVIL LAW IS CONCERNED WITH A WRONG AGAINST AN INJURED PARTY WHILE CRIMINAL LAW IS CONCERNED WITH A WRONG AGAINST THE WHOLE COMMUNITY T/F TRUE
STARE DECISIS IS A DOCTRINE BASED ON PRESENT COURT DECISIONS FOLLOWING PREVIOUS ONES AND IT SHOULD NEVER BE OVERTURNED T/F FALSE
A "MAXIM" IS A GENERAL LEGAL PRINCIPLE FORMULATED OVER THE YEARS BY COURTS OF EQUITY TRUE
THE SOURCE OF AMERICAN LAW SUPERIOR TO ALL OTHER SOURCES WITHIN A STATE IS THE STATE STATUTES FALSE
THE GOVERNMENT HAS THE BURDEN OF PROVING A DEFENDANT GUILTY OF A CRIME BEYOND A REASONABLE DOUBT TRUE
THE SOURCE OF AMERICAN LAW TO WHICH ALL OTHER SOURCES ARE SUBORDINATE IS A PRESIDENT'S EXECUTIVE ORDER FALSE
THE PERSON WHO SUES IN A LAWSUIT IS CALLED THE PLAINTIFF, THE PERSON BEING SUED IS THE DEFENDANT TRUE
THE UNIFORM COMMERCIAL CODE WAS PREPARED AND DEVELOPED TO MAKE THE LAW GOVERNING COMMERCIAL TRANSACTIONS UNIFORM WITHIN THE VARIOUS JURISDICTIONS OF MINNESOTA FALSE
LEGAL SANCTIONS ARE THE MEANS BY WHICH THE LAW ENFORCES THE DECISIONS OF THE COURTS TRUE
STATUTORY LAW RESULTS FROM THE INDEPENDENT DECISIONS OF THE STATE AND FEDERAL COURTS FALSE
AN AUTHORITATIVE STATEMENT OF THE COMMON LAW OF THE UNITED STATES CAN BE FOUND IN THE RESTATEMENTS OF LAW TRUE
PUBLIC LAW CONSISTS OF : ADMINISTRATIVE LAW CONSTITUTIONAL LAW CRIMINAL LAW
A REMEDY IN EQUITY IN WHICH A PARTY TO A CONTRACT IS REQUIRED TO PERFORM HER OBLIGATIONS ACCORDING TO THE CONTRACT IS : SPECIFIC PERFORMANCE
TORTS AND CONTRACTS ARE EXAMPLES OF: PRIVATE LAW
A SOURCE OF LAW IN OUR AMERICAN LEGAL SYSTEM INCLUDES: THE FEDERAL CONSTITUTION COURT DECISIONS MUNICIPAL ORDINANCES
THAT LAW THAT DEALS WITH THE RIGHTS AND POWERS OF THE GOVERNMENT IS: PUBLIC LAW
LAW CAN BEST BE CLASSIFIED INTO CATEGORIES AS : PROCEDURAL OR SUBSTANTIVE PRIVATE OR PUBLIC CIVIL OR CRIMINAL
WHICH IS NOT A "MAXIM" OF EQUITY? EQUITY FAVORS A FORFEITURE
THE BRANCE OF PUBLIC LAW THAT DEALS WITH REGULATORY FUNCTIONS OF THE GOVERNMENT AS PERFORMED AND SUPERVISED BY PUBLIC OFFICIALS OR COMMISSIONS IS: LEGISLATIVE LAW
AN EXAMPLE OF A LEGAL SANCTION FOR A CRIMINAL CONVICTION IS A FINE CAPITAL PUNISHMENT IMPRISONMENT
FEDERAL COURT DECISIONS ARE NOT FOUND IN WHICH: NORTH WESTERN REPORTER
EQUITABLE REMEDIES INCLUDE: SPECIFIC PERFORMANCE RESCISSION REFORMATION
Created by: 687975395