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MIE 305 Exam 1 Questions and Answers 2024 / 2025 (Verified Answers by Expert)
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MIE 305 Exam 1 Questions and Answers 2024 / 2025 (Verified Answers by Expert)
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MIE 305 Exam 1.pdf file:///C:/Users/HP/Desktop/eewwww/MIE%20305%20Exam%201MIE 305 Exam 1
1. law
ANS a body of enforceable rules governing relationships among individuals andbetween
individuals and their society
-establish rights, duties, and privileges that are consistent w/ the values & beliefs ofa society or
its ruling group
2. law merchant
ANS rules of commerce/trade used by business people in the middleages
3. substantive vs procedural law
ANS substantive=used to decide disputes. definesrights
procdural=how a lawsuit is begun, how trial is conducted, etc. how rights areprotected.
4. public vs private law
ANS Public Law
* constitutional-rights, powers, duties of state/federal under the constitution
* administrative-FTC, etc (admin. services rule making)
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* criminal-legally enforceable rules
Private Law-Contracts, Torts, Property
5. civil vs criminal law
ANS civil law =branch of law dealing with the definition and enforcement of all private or public
rights, as opposed to criminal matters (contracts,etc.)
criminal law=the branch of law that defines and punishes wrongful actions committedagainst the
public
6. equity
ANS a branch of law founded on what might be described as notions of justices& fair dealing
-seeks to supply a remedy (compensation) when no adequate remedy @ law isavailable
7. stare decisis
ANS the legal principle of determining points in litigation according toprecedent
8. res judicata
ANS a matter that has been adjudicated by a competent court and maynot be pursued further
by the same parties.
9. dicta
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ANS a statement of opinion considered authoritative (although not binding),given the
recognized authoritativeness of the person who pronounced it
10. Vago's purposes and functions of law
ANS 1. social control
2. dispute resolution
3. social change
11. consensus vs conflict perspective
ANS Consensus- law attempts to satisfy thosewith conflicting claims/demands (referee)
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