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LEGL 4400 Test 1 a questions and answers verified 2024
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LEGL 4400 Test 1 a questions and answers verified 2024
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LEGL 4400 Test 1: Law FoundationsIRAC - correct answer ✔Issue, Rule, Analysis, Conclusion
Issue (IRAC) - correct answer ✔What are the key facts and issues of the
case?
Rule (IRAC) - correct answer ✔What rules of law apply to the case?
Analysis (IRAC) - correct answer ✔how does the court answer the question?
Conclusion (IRAC) - correct answer ✔what is the court's answer to the
question?
Why legal studies in a business program? - correct answer ✔-keeps us out
of trouble
-learn to work with lawyers and use the law to our advantage
-certainty and predictability
Resource-based view - correct answer ✔A model that argues that rare and
inimitable resources help firms maintain competitive advantage
Common Law - correct answer ✔a system of law based on precedent and
customs
stare decisis - correct answer ✔let the decision stand
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