Exam (elaborations)
Final Exam- Business Law Questions and Answers
- Course
- Institution
Final Exam- Business Law Questions and Answers
[Show more]
Content preview
Final Exam- Business Law Questions and Answerscommon law Correct-judge made law, body of all decisions made by judges
statute Correct-law passed by Congress or by a state legislature
equity Correct-court's use of power to create an equitable result
precedent Correct-earlier court case used to influence a court decision in a current case
criminal law Correct-concerns behavior so threatening that society outlaws it altogether
civil law Correct-regulates the rights and duties between parties
holding Correct-courts decision
reverse Correct-to declare lower courts ruling wrong and void
remand Correct-to send a case back down to a lower court
, Final Exam- Business Law Questions and Answers
affirm Correct-to uphold a lower court's ruling
litigation Correct-process of resolving disputes in court
alternative dispute resolution Correct-resolving disputes out of court through formal or
informal processes
mediation Correct-form of ADR in which a neutral third party coaxes the disputing parties
toward a voluntary settlement
arbitration Correct-form of ADR in which a neutral third party has the power to impose a
binding decision
trial courts Correct-determine the facts and apply to them the law given by appellate
courts
jurisdiction Correct-court's power to hear a case
, Final Exam- Business Law Questions and Answers
appellate courts Correct-generally accept the facts provided by trial courts and review the
record for legal errors
error of law Correct-wrong decision made in a trial that leads to the reversal of a decision
or a new trial
federal question case Correct-claim based on the US Constitution, a federal statute, or a
federal treaty
diversity case Correct-lawsuit in which the two parties are of different states and the
amount in dispute exceeds 75,000
steps to litigation Correct-pleadings, complaint, answer, discovery, interrogatories,
depositions, production of documents and things, summary judgement(optional), trial
steps of trial Correct-opening statements, plaintiffs case, defendants case, closing
argument, verdict
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 ExamRoom. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now