UPDATED Questions and Verified
Answers (2026/2027) | Graded A+ |
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Invisible Hand School of Social Responsibility - Correct Answer -Role of business is
to serve larger society and it does so best when serving shareholders only.
Common Law - Correct Answer -laws adopted from England which are now
judicially present in the U.S.
Criminal Law - Correct Answer -wrongs against society that are enforced by the
government
stare decisis - Correct Answer -let the decision stand
appellate court - Correct Answer -a court of review that reviews the trial court
proceedings for errors of law and procedure
, Attorney-Client Privilege - Correct Answer -An attorney cannot disclose statements
or information given by the client.
Federal circuits - Correct Answer -Geographic groupings of the federal district
courts for purpose of appellate jurisdiction.
Federal District Courts - Correct Answer -trial court of the federal system
Long-arm statutes - Correct Answer -Statutes in each state that allow the courts to
bring in defendants from outside the state so long as they have some "minimum
contact" with the state.
Minimum contracts - Correct Answer -Standard used for determining in personam
jurisdiction over residents outside the state of the court of litigation; nonresident
defendants must have some relationship with the state to justify a court taking
jurisdiction.
Remand - Correct Answer -When an appellate court sends a case to the a trial
court for retrial or other proceeding as the result of the appellate court's decision.