1/8/2019 Test: Business Law-Chapter 1: Legal Heritage & the Digital Age (Exam 1) | Quizlet

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5 Written questions

1. Believes that the law is an aggregate of social traditions & customs that have developed over the centuries.

2. Promoting market efficiency should be the central goal of legal decision making.

3. Developed by judges who issue their opinions when deciding a case.

4. Method of thinking that consists of investigating, analyzing, evaluating, & interpreting information to solve a legal issue or case.

5. Written law enacted by the legislative branch of the federal & state governments that establishes certain courses of conduct
that covered parties must adhere to.

5 Matching questions

A. Power to make (enact) the law.

1. Administrative Agencies

B. Power to enforce the law.

2. Judicial Branch (Courts)

C. Have the force of law.

3. Legislative Branch (Congress)

D. Power to interpret & determine the validity of the law.

4. Regulations & Orders of Administrative Agencies

E. Agencies that the legislative & executive branches of federal

5. Executive Branch (President) & state governments are empowered to establish.

5 Multiple choice questions

1. Law enacted by local government bodies, such as cities & municipalities, counties, school districts, & water districts.

A. Sociological School

B. Historical School

C. Ordinances

D. Command School

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1/8/2019 Test: Business Law-Chapter 1: Legal Heritage & the Digital Age (Exam 1) | Quizlet

2. Rule of law established in a court decision.

A. Precedent

B. Constitution of the USA

C. Executive Order

D. Natural Law School

3. Compact made between two or more nations.

A. Functions of the Law

B. Law & Economics School

C. Treaty

D. Law

4. Legal rules are unnecessary & are used as an obstacle by the powerful to maintain the status quo.

A. Critical Legal Studies School

B. Administrative Agencies

C. Judicial Branch (Courts)

D. Critical Legal Thinking

5. 1. Keeping the peace

2. Shaping moral standards
3. Promoting social justice
4. Maintaining the status quo
5. Facilitating orderly change
6. Facilitating planning
7. Providing a basis for compromise
8. Maximizing individual freedom

A. Law

B. Treaty

C. Functions of the Law

D. Law & Economics School

5 True/False questions

1. Process that consists of a series of questions & answers & a give-and-take inquiry & debate between a professor &
students. → Socratic Method

True

False

2. The philosophy or science of law. → Jurisprudence

True

False

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1/8/2019 Test: Business Law-Chapter 1: Legal Heritage & the Digital Age (Exam 1) | Quizlet

3. I=What is the legal issue in the case?

R=What is the rule (law) of the case?
A=What is the court's analysis & rationale?
C=What was the conclusion or outcome of the case? → IRAC Method

True

False

4. Postulates that the law is based on what is "correct". → Executive Order

True

False

5. Law should be based on morality & ethics. → Sociological School

True

False

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