LGS 200 Exam 1 Review - Abigail
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Answers | Verified | Latest Update
2026/2027
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Terms in this set (79)
What can laws effect in - Contracts
business - Intellectual Property
- Torts
- Product Liability
- Sales
- Internet Law, social media, and privacy
- Environmental law and sustainability
Constitutional Law Laws relating to the interpretation of the
Constitution; each state has its own
Statutory Law The body of law enacted by legislative
bodies (as opposed to constitutional law,
administrative law, or case law).
,Statutory Conflicts Tension may sometimes arise between
federal, state, and local laws.
Ordinances A law passed by a local governing unit,
such as a city or a county
Federal and State Statutes Federal- Passed by congress
State- Passed by a state legislature and
applies only within the state's borders.
Uniform Law A model law created by the National
Conference of Commissioners on Uniform
State Laws and/or the American Law
Institute for the states to consider
adopting
-Each state has the option of adopting or
rejecting all or part of a uniform law
Uniform Commercial Code Facilitates commerce among the states by
providing a uniform, yet flexible, set of
rules governing commercial transactions
Administrative Law The body of law created by administrative
agencies (in the form of rules, regulations,
orders, and decisions) in order to carry
out their duties and responsibilities.
, Administrative Agency A federal or state government agency
created by the legislature to perform a
specific function, such as to make and
enforce rules pertaining to the
environment
Regulations Govern: - a business's capital structure and
financing
- a business's hiring and firing procedures
- a business's relations with employees
and unions
- the way a business manufactures and
markets its products
Federal Agencies Organizations that deal with a specific
area of interest for the federal govt
Executive Agencies Federal agencies that are part of the
executive branch but outside the
structure of cabinet departments. Their
heads typically serve at the pleasure of
the president and can be removed at the
president's discretion.
Independent Regulatory An administrative agency that is not
Agency considered part of the government's
executive branch and is not subject to the
authority of the president.
Hammond | Questions with 100% Correct
Answers | Verified | Latest Update
2026/2027
Save
Terms in this set (79)
What can laws effect in - Contracts
business - Intellectual Property
- Torts
- Product Liability
- Sales
- Internet Law, social media, and privacy
- Environmental law and sustainability
Constitutional Law Laws relating to the interpretation of the
Constitution; each state has its own
Statutory Law The body of law enacted by legislative
bodies (as opposed to constitutional law,
administrative law, or case law).
,Statutory Conflicts Tension may sometimes arise between
federal, state, and local laws.
Ordinances A law passed by a local governing unit,
such as a city or a county
Federal and State Statutes Federal- Passed by congress
State- Passed by a state legislature and
applies only within the state's borders.
Uniform Law A model law created by the National
Conference of Commissioners on Uniform
State Laws and/or the American Law
Institute for the states to consider
adopting
-Each state has the option of adopting or
rejecting all or part of a uniform law
Uniform Commercial Code Facilitates commerce among the states by
providing a uniform, yet flexible, set of
rules governing commercial transactions
Administrative Law The body of law created by administrative
agencies (in the form of rules, regulations,
orders, and decisions) in order to carry
out their duties and responsibilities.
, Administrative Agency A federal or state government agency
created by the legislature to perform a
specific function, such as to make and
enforce rules pertaining to the
environment
Regulations Govern: - a business's capital structure and
financing
- a business's hiring and firing procedures
- a business's relations with employees
and unions
- the way a business manufactures and
markets its products
Federal Agencies Organizations that deal with a specific
area of interest for the federal govt
Executive Agencies Federal agencies that are part of the
executive branch but outside the
structure of cabinet departments. Their
heads typically serve at the pleasure of
the president and can be removed at the
president's discretion.
Independent Regulatory An administrative agency that is not
Agency considered part of the government's
executive branch and is not subject to the
authority of the president.
