LEGL 2700 ROESSING TEST 1 | Q&A Latest 2024/2025 | 100% PASS

LEGL 2700 ROESSING TEST 1 | Q&A Latest 2024/2025 | 100% PASS Law - Answer -made up of rules laid down by state and backed by enforcement -written social force -mean nothing w/o enforcement Rule of Law - Answer --laws are made generally and apply to everyone equally -necessary for strong and diverse economies -transparency in business Property - Answer -ownership-allows you to exclude others without your permission Common Property - Answer -resources like land that multiple people own Contract Law - Answer -enables an owner to exchange resources (bills of sale, employment agreements) Tort Law - Answer -compensates owners whose resources are wrongfully harmed by the actions of others (trespassing, assault, etc) Criminal law - Answer -punishe