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Exam (elaborations)

BUSN 323 VCU - Exam 1 Study Guide Solutions

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  • VCU 2025
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BUSN 323 VCU - Exam 1 Study Guide Solutions Law - ANSWER-Consists of rules that regulate the conducts of individuals, businesses, and organizations in society. Common Law - ANSWER-Part of English law that is derived from custom and judicial precedent rather than statutes; the body of law devel...

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  • October 30, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • VCU 2025
  • VCU 2025
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BUSN 323 VCU - Exam 1 Study Guide

Solutions


Law - ANSWER✔✔-Consists of rules that regulate the conducts of individuals, businesses, and

organizations in society.


Common Law - ANSWER✔✔-Part of English law that is derived from custom and judicial precedent

rather than statutes; the body of law developed by judges, courts, and similar tribunals.


Private law - ANSWER✔✔-Law of settling disputes between two individuals


Public law - ANSWER✔✔-Settles disputes with the government.


Plessy vs Ferguson - ANSWER✔✔-Established "separate but equal" segregation and set judicial

precedence. Was later abolished .


Civil law - ANSWER✔✔-Private law, settles disputes between individuals.


Criminal law - ANSWER✔✔-Settles violations against peace/dignity of the government. Penalty is

typically time-served.


Supreme law of the land - ANSWER✔✔-the Constitution


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Statute - ANSWER✔✔-Drafted by legislators, passed and voted by Congress. Individual laws dictating

specific things, then approved by executive branch.


Treaties - ANSWER✔✔-Negotiated by the Executive branch, then passed by 2/3 of Congress. Only occurs

between two sovereign countries.


Local ordinances - ANSWER✔✔-Law directed towards a local town/county; Legislative acts by state

subdivisions




IE)Zoning ordinances


Parking ordinances


Personal property tax


Executive Orders - ANSWER✔✔-When the legislative branch gives the executive power to make an

executive decision.


Regulations - ANSWER✔✔-When the legislative branch gives certain agencies the rights to make

regulations.




IE) SEC; Securities Exchange Commission


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Complaint - ANSWER✔✔-Initial pleading by the plaintiff. Documents are filed in the case include: whom,

reasons for filing suit, and amount of damages sought.


Once served, the defendant has _______ days to file a response. - ANSWER✔✔-21-30.




(21 for state, 30 for federal.)


Jurisdiction - ANSWER✔✔-Ability of the court to hear the suit.


Subject matter jurisdiction - ANSWER✔✔-The requirement that a given court have power to hear the

specific kind of claim that is brought to that court.




IE


Suing tenant from Richmond in Roanoke


Bankruptcy court only has the authority to hear bankruptcy cases.


In personam - ANSWER✔✔-"making it personal"




refers to courts' power to adjudicate matters directed against a party


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