Doctrine of stare decisis Study guides, Class notes & Summaries

CPCU 530 2023 Exam Questions and Answers All Correct Doctrine of stare decisis - Answer-The principle that lower courts must follow precedents set by higher courts. Equity - Answer-Fairness, or a body of principles constituting what is fair and right. Criminal law - Answer-The branch of the law that imposes penalties for wrongs against society. Civil Law - Answer-A classification of law that applies to legal matters not governed by criminal law and that protect rights and provides reme...

What does the legal environment of business include? Ans: - The attitude of the government toward business - The historical development of this attitude - Current trends of public control in taxation - Regulation of commerce and competition - Freedom of contract, antitrust legislation and its relation to marketing - Mergers and acquisitions - Labor management regulations What is the difference between equitable and legal remedies? Ans: Legal remedies are meant to enforce or to compensat...

When a case is remanded, the lower court must conduct additional proceedings. T/F T The party who appeals a decision is called an appellant. T/F T In personam jurisdiction is the authority of a court over the subject matter of the case. T/F T Federal district courts are courts of original jurisdiction. T/F T There are 13 federal judicial circuits. T/F T State supreme court decisions can be appealed to the U.S. Supreme Court. T/F T Small claims cour...

Laws and regulations affect virtually ____ - all business activities Business Decisions are affected by: - Torts, Agency Law, Product Liability, Intellectual Property Rights, Negotiable Instruments, Creditors' Rights, Sales Law, Contracts, Procedural Law, Courts, Environmental Law, Business Organizations, Local Laws, State Laws, National Laws and many other potential legal factors. Sources of American law: - -Constitutional law -Statutory law ~Ordinances ~Uniform Laws (NCCU...

Which of the following is not a purpose or function of the law? a. Settle private and public disputes b. Facilitate for private arrangements between individuals c. Determine procedures for changing the law d. Prevent desirable, or promote undesirable, behavior correct answers d. Prevent desirable, or promote undesirable, behavior What is a precedent? An exception to the rule A controlling rule, example, or guide A group or person exempt from the laws A reason a law is made correct...

law Correct Answer-a representation of a set of rules or principles established by government or other controlling body that members of society must follow and obey legal system Correct Answer-a system of established laws civil law (code law) Correct Answer-a legal system which has a single comprehensive code as the core of its law common law (case law) Correct Answer-judge-made law, whereby judges make decisions on a case-by-case basis, and those decisions generate a body of rules and ...

Antitrust Law correct answers If a company acquires too much market share in a particular industry, what area of law would be expected to have an impact on that company? Securities Law correct answers A company's sale of stock shares is mainly governed by which type of law? regulatory correct answers Another term for "administrative law" is __________________ law. false correct answers The executive branch of the US government is responsible for making laws. True or False? all of ...

WGU C233 Employment Law Topics 1 & 2 Already Passed Supremacy Clause Mandates that the constitution, federal laws, treaties and federal regulations are the highest laws above the land and are priority over state laws. Stare Decisis Doctrine of a court following the precedent of an earlier court. Judicial Review Power of the Supreme Court to consider whether a law comports with the consititution. Respondeat Superior Employer is only responsible for the employee action performe...

PSU COMM 403 - EXAM 1 ACTAUL QUESTIONS AND ANSWERS 2024 WITH COMPLETE SOLUTION What are the 5 sources of law? Ans- 1. Common Law 2. Equity Law 3. Statutory Law 4. Constitutional law 5. Executive orders/administrative law How many freedoms are protected by the First Amendment? Ans- 5 GRASP Ans- 1. Grievances 2. Religion 3. Assembly 4. Speech 5. Press Common Law Ans- - Developed in England - Inductive system of law - a legal rule is developed after deciding a number of s...

business law Collin College -Business Law Midterm with 100% correct answers The law in the United States has been influenced by English, French and Spanish law. - correct answer True Many countries in Europe still follow the civil law system. - correct answer True Businesses that are organized in the United States are subject to its laws, but not to the laws of other countries in which they do business. - correct answer False Promoting social justice is not a function of the law. - cor...