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BUSINESS LAW EXAM 1 (CH. 1, 2, 3, 6, 7) | COMPLETE 2026/2027 MASTER REVIEW | GRADED A+ | 100% CORRECT | VERIFIED STUDY SET FOR GUARANTEED SUCCESS | HIGH-YIELD CONCEPTS, LEGAL PRINCIPLES & PRACTICAL APPLICATION INSIGHTS FOR EXCELLENCE

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BUSINESS LAW EXAM 1 (CH. 1, 2, 3, 6, 7) | COMPLETE 2026/2027 MASTER REVIEW | GRADED A+ | 100% CORRECT | VERIFIED STUDY SET FOR GUARANTEED SUCCESS | HIGH-YIELD CONCEPTS, LEGAL PRINCIPLES & PRACTICAL APPLICATION INSIGHTS FOR EXCELLENCE

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BUSINESS LAW Ex 1 | COMPLETE
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BUSINESS LAW EXAM 1 CH 1 2 3 6 7) | COMPLETE 2026/2027 MASTER REVIEW | GRADED A+ | 100%
CORRECT | VERIFIED STUDY SET FOR GUARANTEED SUCCESS | HIGH-YIELD CONCEPTS, LEGAL
PRINCIPLES & PRACTICAL APPLICATION INSIGHTS FOR EXCELLENCE

Ordinances commonly have to do with city or county land use (zoning
ordinances), building and safety codes, and other matters affecting the local
community.


uniform law - CORRECT ANSWER - 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. If the state adopts the law, it
becomes statutory law in that state. Each state has the option of adopting or
rejecting all or part of a uniform law


administrative law - CORRECT ANSWER - 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 - CORRECT ANSWER - A federal, state, or local
government agency established to perform a specific function. Administrative
agencies are authorized by legislative acts to make and enforce rules to
administer and enforce the acts.


executive agencies - CORRECT ANSWER - An administrative agency within
the executive branch of government. At the federal level, executive agencies are
those within the cabinet departments. (ex. FDA, subject to authority of the
president.)
law - CORRECT ANSWER - A body of enforceable rules governing
relationships among individuals and between individuals and their society.


Primary sources of law - CORRECT ANSWER - 1. The U.S. Constitution and
the constitutions of the various states.
2. Statutory law—including laws passed by Congress, state legislatures, or local
governing bodies.

, 3. Regulations created by administrative agencies, such as the Food and Drug
Administration.
4. Case law and common law doctrines.


Secondary sources of law - CORRECT ANSWER - books and articles that
summarize and clarify the primary sources of law.
Examples include legal encyclopedias, treatises, articles in law reviews, and
compilations of law, such as the Restatements of the Law.
Courts often refer to secondary sources of law for guidance in interpreting and
applying the primary sources of law discussed here.


constitutional law - CORRECT ANSWER - Law that is based on the U.S.
Constitution and the constitutions of the various states.
(supreme law of the land)


state constitutional law - CORRECT ANSWER - Each state in the union has
its own constitution. Unless it conflicts with the U.S. Constitution or a federal
law, a state constitution is supreme within the state's borders.


statutory law - CORRECT ANSWER - The body of law enacted by legislative
bodies (as opposed to constitutional law, administrative law, or case law).
When a legislature passes a statute, that statute ultimately is included in the
federal code of laws or the relevant state code of laws.


ordinances - CORRECT ANSWER - A law passed by a local governing unit,
such as a municipality or a county.
case law and common law doctrines - CORRECT ANSWER - Judge-made
law, including interpretations of constitutional provisions, of statutes enacted by
legislatures, and of regulations created by administrative agencies.

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