ACCT 215 EXAM 1 2017 IOWA STATE BOOTSMA EXAM 2026-2027
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Federal Law
• Laws created by an entity of the federal
government of to the US Constitution o The US
Constitution is the highest authority of federal
law in the United States
,Regulation
•A law which has the same force as statutory law but is
passed by an agency of the federal government
o A statute is passed by congress
Stare decisis:
•a doctrine which states a court should not overturn its previous
rulings except in rare situations where Justice requires a
departure from precedent
o Even though a court may overturn its own precedent, a lower court
must always follow the precedent of a superior court in its
jurisdiction
,Case of first impression
When a court hears a case for the first time
Concurring opinion:
•: the opinion of one or more judges who agree with the outcome
of the majority opinion but for different legal reasons
, Majority opinion:
•amajority of the judges hearing a case have the same opinion as to
the outcome of the case
Dissenting opinion
•a minority number of judges hearing a case have the same
opinion as to the outcome of a case which is different from the
majority opinion.
o Sometimes referred to as a minority opinion
\LATEST UPDATE WITH COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS\VERIFIED 100% GRADED A+
Federal Law
• Laws created by an entity of the federal
government of to the US Constitution o The US
Constitution is the highest authority of federal
law in the United States
,Regulation
•A law which has the same force as statutory law but is
passed by an agency of the federal government
o A statute is passed by congress
Stare decisis:
•a doctrine which states a court should not overturn its previous
rulings except in rare situations where Justice requires a
departure from precedent
o Even though a court may overturn its own precedent, a lower court
must always follow the precedent of a superior court in its
jurisdiction
,Case of first impression
When a court hears a case for the first time
Concurring opinion:
•: the opinion of one or more judges who agree with the outcome
of the majority opinion but for different legal reasons
, Majority opinion:
•amajority of the judges hearing a case have the same opinion as to
the outcome of the case
Dissenting opinion
•a minority number of judges hearing a case have the same
opinion as to the outcome of a case which is different from the
majority opinion.
o Sometimes referred to as a minority opinion
