BUSINESS LAW FINAL EXAM REVIEW CH 1-3 QUESTIONS AND
ANSWERS
Administrative Law - CORRECT ANSWER✅✅Consists of those rules & procedures established by
regulatory agencies; FTC, FCC, FBI, CIA, FDIC.
Common Law - CORRECT ANSWER✅✅A source of U.S. law-based on customs & traditions of the
people; England
Judicial Review - CORRECT ANSWER✅✅Courts make laws through the common law tradition, by
interpreting statutes
"Justice is Blind" - CORRECT ANSWER✅✅Regardless of age, race, religion, etc., everyone is treated fairly
& equally; impartial and objective
Laws - CORRECT ANSWER✅✅Rules of conduct established by the government to maintain justice and
stability
stare decisis - CORRECT ANSWER✅✅Let the decision stand; decisions are based on precedents from
previous cases
Summons - CORRECT ANSWER✅✅A notice served to the defendant that a civil lawsuit has begun;
and/or a court order to appear in court
Burden of proof in a criminal case - CORRECT ANSWER✅✅Burden of proof is on the prosecution to
prove defendant guilty beyond a reasonable doubt
Depositions - CORRECT ANSWER✅✅Out-of-court statements made by a witness under oath
Jurisdiction - CORRECT ANSWER✅✅Power, right or authority to interpret, apply & delcare the law.
ANSWERS
Administrative Law - CORRECT ANSWER✅✅Consists of those rules & procedures established by
regulatory agencies; FTC, FCC, FBI, CIA, FDIC.
Common Law - CORRECT ANSWER✅✅A source of U.S. law-based on customs & traditions of the
people; England
Judicial Review - CORRECT ANSWER✅✅Courts make laws through the common law tradition, by
interpreting statutes
"Justice is Blind" - CORRECT ANSWER✅✅Regardless of age, race, religion, etc., everyone is treated fairly
& equally; impartial and objective
Laws - CORRECT ANSWER✅✅Rules of conduct established by the government to maintain justice and
stability
stare decisis - CORRECT ANSWER✅✅Let the decision stand; decisions are based on precedents from
previous cases
Summons - CORRECT ANSWER✅✅A notice served to the defendant that a civil lawsuit has begun;
and/or a court order to appear in court
Burden of proof in a criminal case - CORRECT ANSWER✅✅Burden of proof is on the prosecution to
prove defendant guilty beyond a reasonable doubt
Depositions - CORRECT ANSWER✅✅Out-of-court statements made by a witness under oath
Jurisdiction - CORRECT ANSWER✅✅Power, right or authority to interpret, apply & delcare the law.
