Legal doctrines - Study guides, Class notes & Summaries

RMIN 4000 Test 3 Brown Latest Version Already Passed Principal of Indemnity insurer pays no more than actual amount of the loss; insurer should not profit from the loss Replacement cost the cost to replace an inventory item in its identical form (similar workmanship and quality) Actual Cash Value replacement cost - depreciation in property ins, usually based on the actual cash value of the property at the time of loss Market Value the price at which property would sell Val...

Jurisprudence correct answers the science and philosophy of law, defines several schools of thought that are used to describe various approaches to the appropriate function of law and how legal doctrines should be developed and applied. Ordinance correct answers - Written laws at the local level - Generally regulate issues such as zoning or imposehealth and safety regulations Regulation correct answers Also know as Administrative Law (Source of law that regulates the exercise of author...

ADMINISTRATIVE LAW correct answers It is that part of the law which governs the organization, functions and procedures of administrative agencies of the government to which quasi-legislative powers are delegated and quasi-judicial powers are granted, and the extent and manner to which such agencies are subject to control the courts. SCOPE OF ADMINISTRATIVE LAW correct answers 1.) The law which fixes the administrative organization and structure of the government; 2.) The law, the execution a...

Louisiana Real Estate Practice Exams (National) Questions and Answers Already Passed Real property can be converted to personal property by: severance Legal descriptions using the government survey system are NOT generally used in: the original 13 states Although states make specific laws governing water rights and the rights in land that borders water, most states generally follow one of two basic doctrines regarding water rights. In many states, the common law doctrine of ripar...

BUSI 301 (Business Law) Chapter 1 Concepts verified already passed Law - correct answer A body of rules of action or conduct prescribed by controlling authority and having legal binding force In what type of terms should you think of law? - correct answer Broad terms What is the common characteristic of the current state of law? - correct answer It creates duties, obligations, and rights that reflect accepted views of a given society How is law classified? - correct answer By subject m...

BUSI 301 TEST 1 WITH CORRECT ANSWERS 2024. (LIBERTY UNIVERSITY Law - CORRECT ANSWER A body of rules of action or conduct prescribed by controlling authority and having legal binding force. Jurisprudence - CORRECT ANSWER The science and philosophy of law that defines various approaches to the appropriate function of law and how legal doctrines should be developed and applied. The primary sources of law are: - CORRECT ANSWER 1. To provide a system of order that defines conduct and conse...

BUSI 301 Exam 1 Vocabulary (Ch.1-4; 24-25) Correctly Answered 2024 Rated A+. law - CORRECT ANSWER A body of rules of action or conduct prescribed by controlling authority and having legal binding force. Jurisprudence - CORRECT ANSWER The science and philosophy of law that defines various approaches to the appropriate function of law and how legal doctrines should be developed and applied. Black's Law Dictionary - CORRECT ANSWER The leading legal dictionary. Counsel - CORRECT ANSWE...

regulations - ️️laws created by government agencies. Same power as statutes but created by different pieces of government Statutory Law - ️️the body of law enacted by the legislative bodies (as opposed to constitutional law, administrative law, or case law); been through the legislative process State Constitutions - ️️long and detailed about day to day relationship with government and citizens Law - ️️consists of enforceable rules governing relationships among individuals a...

Real property can be converted to personal property by: - severance Legal descriptions using the government survey system are NOT generally used in: - the original 13 states Although states make specific laws governing water rights and the rights in land that borders water, most states generally follow one of two basic doctrines regarding water rights. In many states, the common law doctrine of riparian and littoral rights dictates that water rights are automatically conveyed with property...

The original 13 states - Legal descriptions using the government survey system are NOT generally used in Prior appropriation - Although states make specific laws governing water rights and the rights in land that borders water, most states generally follow one of two basic doctrines regarding water rights. In many states, the common law doctrine of riparian and littoral rights dictates that water rights are automatically conveyed with property. In others, all water rights are controlled by the ...