EXAM (2026) QUESTIONS AND
(DETAILED ANSWERS) WITH
COMPLETE SOLUTIONS
Law - 🧠 ANSWER ✔✔made up of rules laid down by state and backed by
enforcement
-written social force
-mean nothing w/o enforcement
Rule of Law - 🧠 ANSWER ✔✔-laws are made generally and apply to
everyone equally
,-necessary for strong and diverse economies
-transparency in business
Property - 🧠 ANSWER ✔✔ownership-allows you to exclude others without
your permission
Common Property - 🧠 ANSWER ✔✔resources like land that multiple people
own
Contract Law - 🧠 ANSWER ✔✔enables an owner to exchange resources
(bills of sale, employment agreements)
Tort Law - 🧠 ANSWER ✔✔compensates owners whose resources are
wrongfully harmed by the actions of others (trespassing, assault, etc)
Criminal law - 🧠 ANSWER ✔✔punishes those who harm owners property
-about deterrence, not compensation
jurisprudence - 🧠 ANSWER ✔✔the philosophy of law
natural law jurisprudence - 🧠 ANSWER ✔✔universal moral principles,
evident in nature/human reason
, positive law jurisprudence - 🧠 ANSWER ✔✔command of the state backed
by force and punishment
-criminal code
historical school of jurisprudence - 🧠 ANSWER ✔✔legal principles that
have stood the test of time
sociological jurisprudence - 🧠 ANSWER ✔✔law should change w society
legal realism jurisprudence - 🧠 ANSWER ✔✔goes beyond words of law and
looks at law enforcement and how they work
common law - 🧠 ANSWER ✔✔emphasizes the role of judges in determining
law meaning
civil law - 🧠 ANSWER ✔✔relies on legislation to determine what the law is
public law - 🧠 ANSWER ✔✔constitutional law
administrative law
criminal law`
private law - 🧠 ANSWER ✔✔property law
contract law
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