Stare decisis means Study guides, Class notes & Summaries

What is the most important function of the law to business? - facilitating planning The example of protecting the $1 Billion investment that car companies make per model is an example of the law doing what? - Facilitating Planning What did the UN decide is the reason underdeveloped countries have poverty? - They don't have laws that protect business investment. The example of Huego Shavez and why Venezuela is poor is an example of a lack of what? - Facilitating Planning ...

What is Law? - Answer-Enforceable rules governing relationships among individuals and between individuals and their society Why do we have law? - Answer-To maintain social, political and economic stability, to protect property, preservation of the state Civil Law - Answer-Body of law governing civil or PRIVATE rights; preponderance of evidence (EX: Smith vs Jones) Criminal Law - Answer-The body of law defining offenses against the community at large or PUBLIC, beyond a reasonable doubt (E...

GOVT 2305- EXAM I, II, III(2024)GOVT 2305- EXAM I, II, III Which level of government writes the majority of all criminal laws? - ANS State governments Which level of government is not mentioned at all in the Constitution? - ANS city government What was the Supreme Court case United States v. Lopez important? - ANS It was the first time since the New Deal that the Supreme Court limited the power of Congress found under the commerce clause The Constitution expressly ...

Business Law: Final Exam Study Guide | Latest Update | 2024/2025 | Rated A+ What is the purpose of contract law? Contract law governs the agreements made between parties, ensuring that promises are enforceable and providing remedies for breaches. What is the difference between a unilateral and a bilateral contract? A unilateral contract involves a promise in exchange for an act, while a bilateral contract involves mutual promises between two parties. What is consideration in ...

MIE 305 Test 1 Questions And Answers 100% Verified What is law? - answerthe system of rules which a particular country or community recognizes as regulating the actions of its memberss and which it may enforce by the impostition of penalties What is civil law? - answerno criminal charges, suing, divorcing, all about using the judicial legal power of state through the courts to resolve private disputes Private Law - answerTorts, contracts, property Public law - answerCriminal Law Constit...

ETS MFT BUSINESS EXAM The principal difference between variable costing and absorption costing centers on: a) whether variable manufacturing costs should be included as product costs b) whether fixed manufacturing costs should be included as product costs c) whether fixed manufacturing costs and fixed selling and administrative costs should be included as product costs d) none of these. General Bikes is debating which marketing research options to employ. The traditional p...

Constitutional Law - Answer- Both Federal and State Statutory Law - Answer- Federal, State, Ordinances, Uniform Commercial code Administrative Law - Answer- Federal Agencies and State+Local Agencies Federal Constitution - Answer- -Supreme law of the land. -Every state has their own constitution as well Supreme Court - Answer- -9 Justices -only need 5/9 votes to rule Case Law - Answer- Case Law governs all areas of law not covered by statutory or administrative law Negligence ...

What is law? - consists of enforceable rules governing relationships among individuals and between individuals and their society What feature do all laws have in common? - they establish rights, duties, and privileges that are consistent with the values and beliefs of a society or ruling group. Breach - failure to perform a legal obligation Primary Sources of Law - Sources that establish the law include the following... 1)The US constitution and the constitutions of variou...

Federal Court System Correct Answer: The three-tiered structure of federal courts: District Courts, Circuit Court (courts of appeal), and the U.S. Supreme Court. Civil Case Correct Answer: Parties: Plaintiff vs. Defendant Outcome: Money Burden of Proof: Preponderance of Evidence Subject Matter: Torts, contracts, disputes, etc. If dismissed: "Settlement" Criminal Case Correct Answer: Parties: Prosecutor vs. Defendant Outcome: Jail of Fine Burden of Proof: Beyond Reasonable Doub...

Legal Assistant Paralegal Certification Exam False - correct answer Civil codes prohibit theft, assault, battery, rape, murder and many other offences. True - correct answer The law provides a mechanism for resolving conflicts without resorting to personal violence. True - correct answer Most lawyers spend more time advising clients how to stay out of court then they do representing clients in formal legal proceedings. True - correct answer Even a minor change in the facts might alter ...