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ABMDI TEST Interacting with familie1
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LEGL 2700 Hackleman Test 1 Questions and AnswersWhat are the three concepts for functioning market - ANSWER law, rule of law,
property
What is Property? - ANSWER It is the legal right to exclude or keep others from
interfering with resources that are originally possessed. Property is a "legal force"
What are the three types of Property - ANSWER Public, Private, and Common
What is Public Property? - ANSWER public resources owned by gov't (i.e roads,
monuments)
What is Private Property? - ANSWER individually owned (i.e house, car)
What is Common Property? - ANSWER resources like land that more than one
individual owns jointly.
What is Constitutional Law? - ANSWER provisions guaranteeing protection of
certain rights of an individual or business from state/government activities.
What is Contract Law? - ANSWER determines how resources, including labor, are
exchanged between owners
Law of Business Organizations - ANSWER Identifies how individuals can own and
use resources in groups. Includes corporate governance.
Tort Law - ANSWER protects and compensates owners through private civil
lawsuits when their resources, including those they have in themselves, are
wrongfully harmed by the actions of others
Criminal Law - ANSWER provides public protection for private resources and
punishes those who harm them
Administrative and Regulatory Law - ANSWER Concerns public laws that protect,
tax, regulate, or redistribute and owner's resources.
What is jurisprudence? - ANSWER the study of law and legal philosophy
What are the classifications of law? - ANSWER -Common Law and Civil Law
-Civil or criminal
-Substantial or procedural
-Public or private
Sources of Law: Federal Law - ANSWER -Constitution
-Legislation
-Administrative Law or Regulation
, Sources Of Law: State Law - ANSWER -State Constitution
-Statues or Acts
-Regulatory Law of State Administrative Agencies
-Ordinances
Orders/Opinions - ANSWER decisions made by judges on legal issues
Precedents - ANSWER opinions become precedents for future cases involving
similar facts and legal issues. (precedents are past decisions that judges use to help
figure out how to solve new cases, so the rules stay consistent and fair over time.)
Citation - ANSWER Used to location prior precedents in a library or electronic
research
What is a Caselaw? - ANSWER Case law is like a collection of stories about how
judges have solved real legal problems in the past. Instead of just following written
rules, judges look at decisions made in earlier cases to help them figure out what to
do in new cases
What is stare decisis - ANSWER Stare decisis is a Latin phrase that means "to
stand by things decided." In simpler terms, it means that once a court has made a
decision on a legal issue, other courts should follow that same decision in future
cases that are similar. It helps keep the law consistent, so people know what to
expect
What is a Sanction - ANSWER Sanction are methods used by law enforcement
officials and courts to encourage obedience of or force compliance with the law.
Remedy - ANSWER the right of an individual to take another person's resources
because that person has failed to meet the requirements of the law
Crime - ANSWER Public wrong against Society
Breach of Contract - ANSWER Failure to perform contractual obligations
Tort - ANSWER a wrongful act or an infringement of a right (other than under
contract) leading to civil legal liability. (Ex. If you broke someome's bike you are
obligated to pay it back)
Judies & Justices - ANSWER -Individuals who operate courts
-Judge --> Trial Court
-Judges --> Intermediate Appellate Courts
-Justices --> Highest Appellate (reviewing) courts
Jurors - ANSWER a group of citizens chosen from the list of registered voters to
hear evidence on a case and to make a decision based on the evidence presented
The two types of Juries: - ANSWER grand jury and petit jury
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