C713 business law - Study guides, Class notes & Summaries
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WGU - BUSINESS LAW C713 PRE-ASSESSMENT exam questions and answers 2024
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What is the principal source of stare decisis and precedent? 
 
D) Common Law 
Common Law 
 
 
 
A rent-to-own store offered for sale a sofa that was manufactured in a foreign county. The store intentionally represented that the sofa was made from leather, but in reality it was made from vinyl. A consumer used a credit card to purchase the sofa and hopes the Federal Trade Commission regulations can help resolve the dispute. 
 
How would these regulations help this consumer? 
 
A) They prohibit u...
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WGU :: C713 :: Business Law :: Version Three exam questions and answers 2024
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1. Which type of law governs an individual's prosecution for the crime of grand larceny? 
 
A. Administrative law 
 
B. Statutory law 
 
C. Common law 
 
D. Constitutional law 
B. Statutory law 
 
 
 
2. From which source do laws governing crimes primarily arise? 
 
A. Constitutional law 
 
B. Civil law 
 
C. Common law 
 
D. Statutory law 
D. Statutory law 
 
 
 
3. What type of law provides the basis for substantive due process and equal protection? 
 
A. Constitutional law 
 
B. Criminal law...
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LATEST WGU C713 BUSINESS LAW 2024-2025 QUESTIONS WITH 100% CORRECT ANSWERS
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The legal system in the United States is comprised of - CORRECT ANSWER 1) both state and federal constitutions 
2) statutes and agency regulations 
3) judicial decisions 
 
Local and state laws may not conflict with - CORRECT ANSWER federal laws 
 
Primary sources of law - CORRECT ANSWER constitutional law, statutory law, common law, and administrative law 
 
the law serves to - CORRECT ANSWER 1) keep the peace 
2) maintain the status quo 
3) preserve individual ri...
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Business Law WGU C713 Version 3 exam questions and answers 2024
- Exam (elaborations) • 24 pages • 2024
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What purpose does the law serve in our society? 
To resolve conflicts in our society without the ise of volence. 
 
 
 
What are the three branches of government? 
Executive, Legislative, and Judicial 
 
 
 
What is Statutory Law? 
Law that is created by a legislative body, known as congress, at the federal Level. 
 
 
 
What is common Law? 
Is Judge-Made Law. It is law that comes from previous Judge rulings in similar cases. 
 
 
 
What is administrative Law? 
A branch of law that governs the c...
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WGU: Business Law - C713 exam questions and answers 2024
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Define and describe "negotiation." 
negotiation is the transfer of an instrument in such form that the transferee becomes a holder 
requires both delivery and indorsement 
 
 
 
What are the two methods of negotiation? 
order instrument or a bearer instrument. 
 
Order Instrument 
contains the name of a payee capable of indorsing, as in "Pay to the order of Jamie Fowler. 
 
Bearer Instrument 
negotiated by delivery—that is, by transfer into another person's possession. Indorsement is not n...
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WGU Business Law C713 exam questions and answers 2024
- Exam (elaborations) • 26 pages • 2024
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precedent 
the tendency to decide current rulings based on previous cases, only binding in lower courts 
 
 
 
common law 
judge made law, often created through many precedents 
 
 
 
judicial power 
gives the right to interpret laws and determine their validity 
 
 
 
statutes 
legislature to become a law 
 
 
 
laws 
bill (congress), simple majority in house and senate -> president (veto power) -> 2/3 in house and senate -> statute 
 
 
 
injunction 
order to stop doing something 
 
 ...
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LATEST WGU C713 BUSINESS LAW VERSION 3 2024-2025 QUESTIONS WITH 100% CORRECT ANSWERS
- Exam (elaborations) • 29 pages • 2024
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What purpose does the law serve in our society? - CORRECT ANSWER To resolve conflicts in our society without the ise of volence. 
 
What are the three branches of government? - CORRECT ANSWER Executive, Legislative, and Judicial 
 
What is Statutory Law? - CORRECT ANSWER Law that is created by a legislative body, known as congress, at the federal Level. 
 
What is common Law? - CORRECT ANSWER Is Judge-Made Law. It is law that comes from previous Judge rulings in...
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LATEST WGU - BUSINESS LAW C713 PRE-ASSESSMENT 2024-2025 QUESTIONS WITH 100% CORRECT ANSWERS
- Exam (elaborations) • 56 pages • 2024
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What is the principal source of stare decisis and precedent? 
 
A) Constitutional Law 
B) Administrative Law 
C) Statutory Law 
D) Common Law - CORRECT ANSWER Common Law 
 
A rent-to-own store offered for sale a sofa that was manufactured in a foreign county. The store intentionally represented that the sofa was made from leather, but in reality it was made from vinyl. A consumer used a credit card to purchase the sofa and hopes the Federal Trade Commission regulations can help resolve ...
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WGU C713 Business Law Questions and Answers 100% Solved
- Exam (elaborations) • 10 pages • 2023
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WGU C713 Business Law Questions and Answers 100% Solved common law refers to? law made when judges decide cases and then follow those decisions in later cases 
three branches of government in the US are? the executive, legislative, judicial 
when the food and drug adminstration prohibits a certain drug from being marketed in the US this is? an agency regulation 
statutory law is to legislative bodies as common law to? courts 
if in 1900 the Minnesota supreme court ruled that a minor can void a c...
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WGU Business Law C713 | 232 Questions and Answers 2023 Solved Correctly
- Exam (elaborations) • 21 pages • 2023
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precedent - the tendency to decide current rulings based on previous cases, only binding in lower 
courts 
common law - judge made law, often created through many precedents 
judicial power - gives the right to interpret laws and determine their validity 
statutes - legislature to become a law 
laws - bill (congress), simple majority in house and senate -> president (veto power) -> 2/3 in 
house and senate -> statute 
injunction - order to stop doing something 
true - most government ag...
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