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BUS115

CHAPTER1

QuestionAnswer
Involves disputes between private individuals or groups and their government Public law
True or False. The term "stare decisis" means "reversing the decision." False
True or False. Many market transactions occur without legal guidelines. False
Laws are enforced by which of the following? Courts
Assume a businessperson who owns a computer equipment store is delinquent in paying rent to the landlord. The resulting dispute entails ________ law. Private
Which of the following involves remedies available to an individual when his or her rights are violated? Civil law
True or False. Business law consists of the suggested rules of conduct that govern commercial relationships. False
Penny is investigating what she needs to do to legally open a dog grooming business in her city. Which of the following would govern the business? State statutes and city ordinances but not model laws.
Another name for case law. Common law
True or False. A decision from a state supreme court in one state is binding on a trial court judge in another state if the other state has no applicable law on the issue involved. False.
Involves disputes between private individuals or groups. Private law.
Most accurately sets forth ways into which law may be divided and classified. National versus international, federal versus state, and public versus private.
True or False. Crimes are prosecuted by the government, not individuals. True
True or False. Because of the law, we rely on the goodwill and dependability of one another. False
True or False. A decision of a state supreme court is binding on a lower state court located in the state. True
A majority of citizens in a democracy can agree to permit certain authorities to make and enforce rules describing what behavior is permitted and encouraged in their community. These rules are what we refer to as the _____. Law
Which of the following applies to situations in which someone commits an act against the public as a unit? Criminal law
True or False. Case law interpretations are law unless they are revoked later by new statutory law. True
Created by: lalalindsey
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