BUSFIN 3500 Exam 1 Exam Questions And Answers|
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jurisprudence - CORRECT ANSWER -the study of legal philosophy
natural law - CORRECT ANSWER -body of principles of right and justice existing for all people's
irrespective of time and culture
positive law - CORRECT ANSWER -law laid down by the duly constituted authority
positivists - CORRECT ANSWER -people that distinguish between the law as it is and the law as it
ought to be, will follow immoral laws because they are the law
realist conceptions - CORRECT ANSWER -look beyond logic and reason to examine what actually
occurs in the legal process
critical conceptions - CORRECT ANSWER -law is the product of political and sociological
judgments made by judges
economic conceptions - CORRECT ANSWER -good law=good economics, law is an instrument by
which efficient economic outcomes are achieved
feminist conceptions - CORRECT ANSWER -liberal feminists, cultural feminists, radical
feministslei
legislation - CORRECT ANSWER -process by which a statute is enacted
, doctrine of stare decisis - CORRECT ANSWER -past judicial decisions are applied to decide
current controversies ("let the decision stand")
obiter dictum - CORRECT ANSWER -statements made by way of explanation that are to
necessary to the decision
formalist reasoning - CORRECT ANSWER -takes words in a case or stature out of context and
defines them without taking into account their purpose
purposive reasoning - CORRECT ANSWER -attempts to define meaning of words by figuring out
purpose behind them
precedent based rationales - CORRECT ANSWER -deals with basic questions of whether an
earlier decision applies to present situation
policy based rationales - CORRECT ANSWER -disagreeing with policy rather than precedent
legislative reasoning - CORRECT ANSWER -interpreting statute intent
plain meaning rule - CORRECT ANSWER -where language is clear, court doesn't go beyond plain
meaning of words to determine statutes meaning
preventative strategy - CORRECT ANSWER -employs attorneys to review new program and
documents with an eye to avoid legal problems
enforcive strategy - CORRECT ANSWER -legal activity to protect a company against patent
infringement and other violations of its rights
Already Graded A+| Latest Update 2026
jurisprudence - CORRECT ANSWER -the study of legal philosophy
natural law - CORRECT ANSWER -body of principles of right and justice existing for all people's
irrespective of time and culture
positive law - CORRECT ANSWER -law laid down by the duly constituted authority
positivists - CORRECT ANSWER -people that distinguish between the law as it is and the law as it
ought to be, will follow immoral laws because they are the law
realist conceptions - CORRECT ANSWER -look beyond logic and reason to examine what actually
occurs in the legal process
critical conceptions - CORRECT ANSWER -law is the product of political and sociological
judgments made by judges
economic conceptions - CORRECT ANSWER -good law=good economics, law is an instrument by
which efficient economic outcomes are achieved
feminist conceptions - CORRECT ANSWER -liberal feminists, cultural feminists, radical
feministslei
legislation - CORRECT ANSWER -process by which a statute is enacted
, doctrine of stare decisis - CORRECT ANSWER -past judicial decisions are applied to decide
current controversies ("let the decision stand")
obiter dictum - CORRECT ANSWER -statements made by way of explanation that are to
necessary to the decision
formalist reasoning - CORRECT ANSWER -takes words in a case or stature out of context and
defines them without taking into account their purpose
purposive reasoning - CORRECT ANSWER -attempts to define meaning of words by figuring out
purpose behind them
precedent based rationales - CORRECT ANSWER -deals with basic questions of whether an
earlier decision applies to present situation
policy based rationales - CORRECT ANSWER -disagreeing with policy rather than precedent
legislative reasoning - CORRECT ANSWER -interpreting statute intent
plain meaning rule - CORRECT ANSWER -where language is clear, court doesn't go beyond plain
meaning of words to determine statutes meaning
preventative strategy - CORRECT ANSWER -employs attorneys to review new program and
documents with an eye to avoid legal problems
enforcive strategy - CORRECT ANSWER -legal activity to protect a company against patent
infringement and other violations of its rights
