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BUS 404 QUIZ #1 (all solved 100% accurately

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BUS 404 QUIZ #1 (all solved 100% accurately

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BUS 404 QUIZ #1 (all solved 100%
accurately)


Where does the Federal Gov't get its authority from? - ANSWER-Constitution

What tool did Congress create to come up with details on how to regulate
securities (a way of delegating legislative authority) - ANSWER-Administrative
Agencies

Who are the creators of the law? - ANSWER-Legislators

To govern your land - ANSWER-sovereign

Laws passed by legislatures become ____________ - ANSWER-statutes

Laws passed in less formal way (no senate or congress) - ANSWER-regulations

Court decisions that get published; judicial decisions or "common law" -
ANSWER-Cases

Highest law of land
Sets the structure of Government - ANSWER-Constitution

Adopted by the Legislature (US Congress)
Codes, ordinances
Cant conflict with federal law/ constitution - ANSWER-Statutes

Adopted by administrative agencies
Expertise in particular field
Provide the details to implement the law set forth in the statutes passed by the
legislature - ANSWER-Regulations

How we have been allowed to evolve
Created by judges

, Follow prior decisions
Stability and predictability in the law - ANSWER-Common Law (or Case Law)

Lowest Court
Cases aren't published
ex. traffic ticket - ANSWER-Trial Court

__________ court opinions are usually published - ANSWER-Appellate

Courts that can award compensation (money, land, property) - ANSWER-Courts
of Law

Courts that can award remedies other than compensation (injunctions, specific
performance) - ANSWER-Courts of Equity

What kind of laws?
Gov't and the people (criminal, constitutional, administrative) - ANSWER-Public
Laws

What kind of laws?
Personal relationships (contract disputes, torts) - ANSWER-Private Laws

Everything that is not criminal law is considered ______ law - ANSWER-civil

3 kinds of crimes - ANSWER-felonies
misdemeanors
treason

What Court?
-Trial Courts (Superior Court)
-Courts of Appeal
-State Supreme Court - ANSWER-State Courts

What Court?
-Trial Courts (94 District Court)
-Courts of Appeal (11th District Court)
-US Supreme Court - ANSWER-Federal Courts

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