LEGL 2700 Exam Questions With Correct
Answers
Major Factors of Economic Strength in a Nation - answerPoverty, The Dependency Theory, Climate,
Education and Technology, Law & The Legal System, Natural Resources, The Private Market
The Dependency Theory - answerThe idea that strong nations exploi...
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
weaker nations. It argues that some nations grow and prosper at the expense of others. This leads to
weaker nations becoming overly dependent on foreign goods and services, thus perpetuating their
weakness.
Law - answer✔A set of rules put in place by the state that those under the state's jurisdiction agree to
abide by. Backed up through legal enforcers. Exists as a formal social force.
Rule of Law - answer✔The idea that laws must be generally and equally applicable to all members of a
society, including lawmakers. This gives an incentive to those in power to make laws that are in the best
interest of everyone. 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.
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✔Forbids organizations from monopolizing certain classes of resources and sets
rules for how organizations compete for ownership of new resources.
Securities Law - answer✔Regulate the transfer of ownership in certain profit-making opportunities
Environmental Law - answer✔Controls how owners can use their resources when creating pollution
Jurisprudence - answer✔The philosophy of law, attempts at explaining the origins of law
Natural Law - answer✔Asserts that law contains universal moral principles. These principles are
observable in nature, and we can determine them through human reason
Positive Law - answer✔The belief that law is simply the commands of the state backed up by force and
punishments. It is contrary to the philosophy of natural law.
Historical School - answer✔Emphasizes that contemporary law should focus on legal principles that have
withstood the test of time in a nation.
Sociological Jurisprudence - answer✔Supports the idea 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 tool.
Vertical Authority of the Courts - answer✔Supreme Court-->Appeal Courts-->Trial Courts
Holding - answer✔Specific issue brought before the court
Dicta - answer✔The "what ifs" of case. Can be used later as a precedent
Legal Sanctions - answer✔Methods used by law enforcement officials and courts as encouragement for
compliance with the law
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