100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
LEGL 2700 EXAM QUESTIONS AND 100% CORRECT ANSWERS LATEST UPDATE $14.99   Add to cart

Exam (elaborations)

LEGL 2700 EXAM QUESTIONS AND 100% CORRECT ANSWERS LATEST UPDATE

 0 view  0 purchase
  • Course
  • LEGL 2700
  • Institution
  • LEGL 2700

LEGL 2700 EXAM QUESTIONS AND 100% CORRECT ANSWERS LATEST UPDATE...

Preview 3 out of 19  pages

  • November 7, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • LEGL 2700
  • LEGL 2700
avatar-seller
Easton
LEGL 2700 EXAM QUESTIONS AND 100%
CORRECT ANSWERS LATEST UPDATE


Public Law - ANSWER Usually involves the regulation of society in general and not
individuals interacting. Subtypes: Administrative, Criminal, Constitutional



Private Law - ANSWER Usually deals with disputes between individuals. Subtypes:
Property, Contract, Tort



Substantive Law - ANSWER Defines the legal relationship of people with other people or
between them and the state



Procedural Law - ANSWER Deals with the method and means by which substantive law
is made and administered.



Constitutional Law - ANSWER Establishes the framework of the state whose purpose is
to protect property in its broadest sense.



Tort Law - ANSWER Compensates owners whose property is wrongly harmed by the
actions of another.



Criminal Law - ANSWER Punishes those who harm another's property in particular
ways, such as theft.



The Law of Business Organizations - ANSWER Dictates how individuals can own and use
private resources in a group.



Regulatory Law - ANSWER Protects ownership and sets limit on private resource use.

,Antitrust Law - ANSWER Prevents corporations from monopolizing particular classes of
resources and specifies how corporations can compete for ownership of new
resources.



Securities Law - ANSWER Regulate the sale of ownership in some profit making
opportunities



Environmental Law - ANSWER Specifies how owners can use their resources when
creating pollution



Jurisprudence - ANSWER The philosophy of law, attempts at explaining the origin of
laws



Natural Law - ANSWER Claims that law embodies general moral principles. These
principles can be seen in nature, and we are capable of discovering them through
human reason



Positive Law - ANSWER The theory that law is nothing more than the commands of the
state supported by force and sanctions. It is the opposite of natural law philosophy.



Major Factors of Economic Strength in a Nation - ANSWER Poverty, The Dependency
Theory, Climate, Education and Technology, Law & The Legal System, Natural
Resources, The Private Market



The Dependency Theory - ANSWER The idea that strong nations exploit the labor and
resources of the weaker nations. It states that some nations grow and prosper at the
expense of others. This makes the weak nations overly dependent on foreign goods and
services so as to say, maintains their weakness.




Law - ANSWER A set of norms forced by the state that are accepted by those in the
purview of the state's power to comply. Enforced by legal authorities. Exists as an

, institutionalized social force.



Rule of Law - ANSWER The principle that laws must be general and equally applied to all
members of a society, including those who make the laws. This provides a disincentive
to those in power as it requires them to make laws that are at least in the interest of all.
This concept is only really applicable to democracies.



Property - ANSWER A legal right to exclude others from your resources. It makes what
is yours, "yours."



Public Property - ANSWER Resources owned by the government (or "state") like most
roads, public buildings, monuments etc.



Private Property - ANSWER Resources owned by an individual or organization.



Common Property - ANSWER Resources like land that more than one individual owns
jointly.



Historical School - ANSWER Emphasizes that modern law should focus on those legal
principles which have stood the test of time in a nation.



Sociological Jurisprudence - ANSWER Believes that law can and should change to meet
new developments in society



Legal Realism - ANSWER Tries to go beyond just the words of law to examine what
police, administrators, prosecutors, and judges are actually doing as they enforce,
interpret, and apply laws



Hierarchy of Law - ANSWER Federal, State, Judicial Decisions



Citations - ANSWER Used to locate prior precedents in a library or electronic research

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Easton. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $14.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

82871 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$14.99
  • (0)
  Add to cart