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LEGL 2700 Hackleman Test 1 (1,3,4,6) questions and answers 2025
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LEGL 2700 Hackleman Test 1 (1,3,4,6) questions and answers 2025
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LEGL 2700 HacklemanTest 1 (1,3,4,6)
questions and answers
2025
three concepts of a functioning market - answer law, rule of law,
and property
Law - answer made up of rules; laid down by the state and backed
up by enforcement
rule of law - answer laws that are made are generally and equally
applicable
property - answer ownership; a legal fence that keeps others out
without your permission
public property - answer public resources owned by the
government (roads, public buildings, public lands, and monuments)
private property - answer resources that you own as an individual
common property - answer resources like land that more than one
individual owns jointly
, public law - answer matters that involve the regulation of society
as opposed to individuals interacting
constitutional law - answer establishes the framework of the state
whose purpose is to protect property in its broadest sense
administrative and regulatory law - answer concerns public laws
that protect, tax, regulate, or redistribute an owner's resources
criminal law - answer provides public protection for private
resources and punishes those who harm them
private law - answer legal problems and issues that concern your
private resource relationships with other people
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 themselves, are wrongfully harmed by the actions of others
jurisprudence - answer philosophy of law
natural law - answer law contains universal moral principles;
property; formalism
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