Business Law I Exam 1 Review
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2026/2027 | Complete
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,Terms in this set (24)
Common law refers to: b. law made when judges decide cases
and then follow those decisions in later
a. law that is the same or cases.
similar in all the states.
b. law made when judges
decide cases and then
follow those decisions in
later cases.
c. law made by legislatures
in the form of statutes.
d. the legal systems of
France, Germany, and Italy.
,Congress enacted b. administrative law.
legislation in 1933 to
regulate the securities
industry and prohibit various
forms of fraud with
securities. The Securities
Exchange Act of 1934 was
passed a year later. This law
created the Securities and
Exchange Commission (SEC)
as an independent
regulatory entity whose
function is to administer the
two laws. The SEC has
generated rules and
regulations to administer
these acts. These rules and
, regulations are:
a. statutes.
b. administrative law.
c. executive orders.
d. common law.
Questions & Answers
2026/2027 | Complete
Solutions, Study Guide &
Exam Prep
Save
,Terms in this set (24)
Common law refers to: b. law made when judges decide cases
and then follow those decisions in later
a. law that is the same or cases.
similar in all the states.
b. law made when judges
decide cases and then
follow those decisions in
later cases.
c. law made by legislatures
in the form of statutes.
d. the legal systems of
France, Germany, and Italy.
,Congress enacted b. administrative law.
legislation in 1933 to
regulate the securities
industry and prohibit various
forms of fraud with
securities. The Securities
Exchange Act of 1934 was
passed a year later. This law
created the Securities and
Exchange Commission (SEC)
as an independent
regulatory entity whose
function is to administer the
two laws. The SEC has
generated rules and
regulations to administer
these acts. These rules and
, regulations are:
a. statutes.
b. administrative law.
c. executive orders.
d. common law.
