BUSINESS LAW TEXT AND CASES KENNETH
CLARKSON COMPREHENSIVE EXAMS SET
2026 FULL SOLUTION QUESTIONS AND
ANSWERS GUARANTEED TO PASS
◉ Case law. Answer: The rules of law announced in court decisions.
Case law includes the aggregate of reported cases that interpret
judicial precedents, statutes, regulations, and constitutional
provisions.
◉ Case on point. Answer: A previous case involving factual
circumstances and issues that are similar to those in the case before
the court.
◉ Chancellor. Answer: An adviser to the king at the time of the early
king's courts of England. Individuals petitioned the king for relief
when they could not obtain an adequate remedy in a court of law,
and these petitions were decided by the chancellor.
◉ Citation. Answer: A reference to a publication in which a legal
authority?such as a statute or a court decision?or other source can
be found.
, ◉ Civil law. Answer: The branch of law dealing with the definition
and enforcement of all private or public rights, as opposed to
criminal matters.
◉ Common law. Answer: That body of law developed from custom
or judicial decisions in English and U.S. courts, not attributable to a
legislature.
◉ Concurring opinion. Answer: A written opinion outlining the
views of a judge or justice to make or emphasize a point that was not
made or emphasized in the majority opinion.
◉ Constitutional law. Answer: Law that is based on the U.S.
Constitution and the constitutions of the various states.
◉ Court of equity. Answer: A court that decides controversies and
administers justice according to the rules, principles, and precedents
of equity.
◉ Court of law. Answer: A court in which the only remedies that
could be granted were things of value, such as money damages. In
the early English king's courts, courts of law were distinct from
courts of equity.
CLARKSON COMPREHENSIVE EXAMS SET
2026 FULL SOLUTION QUESTIONS AND
ANSWERS GUARANTEED TO PASS
◉ Case law. Answer: The rules of law announced in court decisions.
Case law includes the aggregate of reported cases that interpret
judicial precedents, statutes, regulations, and constitutional
provisions.
◉ Case on point. Answer: A previous case involving factual
circumstances and issues that are similar to those in the case before
the court.
◉ Chancellor. Answer: An adviser to the king at the time of the early
king's courts of England. Individuals petitioned the king for relief
when they could not obtain an adequate remedy in a court of law,
and these petitions were decided by the chancellor.
◉ Citation. Answer: A reference to a publication in which a legal
authority?such as a statute or a court decision?or other source can
be found.
, ◉ Civil law. Answer: The branch of law dealing with the definition
and enforcement of all private or public rights, as opposed to
criminal matters.
◉ Common law. Answer: That body of law developed from custom
or judicial decisions in English and U.S. courts, not attributable to a
legislature.
◉ Concurring opinion. Answer: A written opinion outlining the
views of a judge or justice to make or emphasize a point that was not
made or emphasized in the majority opinion.
◉ Constitutional law. Answer: Law that is based on the U.S.
Constitution and the constitutions of the various states.
◉ Court of equity. Answer: A court that decides controversies and
administers justice according to the rules, principles, and precedents
of equity.
◉ Court of law. Answer: A court in which the only remedies that
could be granted were things of value, such as money damages. In
the early English king's courts, courts of law were distinct from
courts of equity.
