Exam (elaborations)
LEGL 2700 Roessing Test 1 Questions And 100% Correct Answers
- Course
- Institution
LEGL 2700 Roessing Test 1 Questions And 100% Correct Answers...
[Show more]
Content preview
LEGL 2700 Roessing Test 1 Questions And100% Correct Answers
JPMorgan and Chase - ANSWER During the housing crisis in 2010, JPMorgan and Chase
didn't let their shareholders in on information that may have impacted their stock
decisions. They settled a wide array of cases costing more than $20 billion.
Law- ANSWER Brings people together.
Stated by state and backed up by enforcement.
Made up of rules.
Written ad Accessable
Hammurabi's Code- ANSWER The first written set of laws
Rule of Law - ANSWER Laws applied to everyone equally
Property - ANSWER A legal fence that keeps others out without your permission
Ownership Fences - ANSWER Private Property
Public Property
Common Property
Private Property - ANSWER Owned by an individual
Public Property - ANSWER Owned by the government
,Common Property - ANSWER Owned by more than one person jointly
Contract Law - ANSWER Allows owner to exchange resources
Tort Law- ANSWER Protects and compensates owner when their resources are
wrongfully harmed by the actions of others
Criminal Law - ANSWER How to convict the accused people for their wrong doings
Regulatory Law - ANSWER Protects ownership and sets private resource limitations
Antitrust Law - ANSWER Forbids owners fro monopolizing resources and sets rules for
how businesses can compete to acquire ownership of new resources
Constitutional Law - ANSWER Deals with the interpretation and application of either the
federal or state constitutions
Jurisprudence and its schools - ANSWER Philosophy of law:
-Natural Law
-Positive Law
-Historical School
-Sociological Jurisprudence
-Legal realism
Natural Law - ANSWER Comprise the everlasting moral principles
Positive Law - ANSWER There is no such thing as law. Law is simply the commands of
the state backed up by force and punishments
, Historical School - ANSWER Emphasize that existing law today should be concerned
with those legal principles surviving the test of time in a nation
Sociological Jurisprudence - ANSWER Believe that law can and should change as new
developments occur in society
Common Law - ANSWER Emphasize the role of judges in determining what laws mean
and how they should be applied
Civil Law - ANSWER Depends more on legislation than judicial decisions to determine
what the law is
Precendents - ANSWER Previous judge decisions in past court cases
Administrative Law - ANSWER Covers legal principles applicable to government
agencies, bureaus, boards, or commissions
Private Law - ANSWER Covers those legal problems and issues that concern your
private resource relationships
Bank of America - ANSWER Sold morgages and faces substantial losss because of the
2010 recession
Substantive Law - ANSWER Describes the legal relationship between the people and the
state
Procedural Law - ANSWER How is a law carried out
Stare Decisis - ANSWER Doctrine of prior precedents
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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)
67866 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now