Management 3450: Final
Exam with complete verified
solutions 2025-2026
law - answer set of rules enforced by a gov't
plaintiff - answer party which files a lawsuit against another party
defendant - answer person who is being sued
contract - answer legally enforceable promise or set of promises
breach of contract - answer a failure to fulfill contractual obligations
tort - answer a civil wrong, other than breach of contract for which the law
provides a remedy
negligence - answer an unintentional violation of a legal duty to use a
standard of care
common law - answer a system of court-made law where the rules are
derived from a previously decided cases (precedents)
stare decisis - answer requires courts to follow precedents
judicial review - answer legal doctrine which says that courts determine
the constitutionality of statutes
,natural law - answer belief that law comes from principles inspired by God
and/or evident from nature
positivist school - answer belief that the established gov'ts laws are
supreme
traditional school - answer belief in the theory that laws which have
worked in the past are best suited to shape present law
legal realist school - answer theorizes that there is no uniform way to
interpret or apply the law
case law - answer law created by courts when they declare the law,
particularly in the areas of contracts and torts, and when it interprets the
laws already found in constitutions and statutes
persuasive authority - answer law which is not binding on a lawmaker, but
which may be influential
uniform codes - answer statutory frameworks covering a certain area of
law which have been complied by experts for adoption by state
legislatures
restatements - answer common-law schemes compiled by experts to
influence courts and to encourage nationwide consistency
administrative agencies - answer units of the executive branch created by
a legislature to regulate in a certain area
independent agencies - answer agencies designed to be free from the
direct authority of the president or governor
executive agencies - answer admin agencies whose heads are directly
subject to the authority of the president
, criminal law - answer involves wrongs against society punished by the
federal, state, or city gov't through prosecution
civil law - answer involves wrongs committed against persons or entities
who enforce their rights by filing lawsuits to obtain money, property or
other remedies
substantive law - answer defines the rights and duties of persons in our
society
procedural law - answer tells us the process by which we enforce rights
within our society
statutory law - answer law adopted by a legislative body
court of equity - answer one typically seeks an order of the court that
something be done or status be changed
res judicata - answer typically one or more members of a group of injured
parties sue as plaintiffs on behalf of the rest of the group
standing - answer the legal requirement that a person or entity must have
a tangible interest in the lawsuit before the person or entity can become a
party to the lawsuit
jurisdiction - answer refers to the authority of a court to decide a case
venue - answer place where the litigation is taking place
adjudication - answer process of litigation resulting in a binding
judgement
Exam with complete verified
solutions 2025-2026
law - answer set of rules enforced by a gov't
plaintiff - answer party which files a lawsuit against another party
defendant - answer person who is being sued
contract - answer legally enforceable promise or set of promises
breach of contract - answer a failure to fulfill contractual obligations
tort - answer a civil wrong, other than breach of contract for which the law
provides a remedy
negligence - answer an unintentional violation of a legal duty to use a
standard of care
common law - answer a system of court-made law where the rules are
derived from a previously decided cases (precedents)
stare decisis - answer requires courts to follow precedents
judicial review - answer legal doctrine which says that courts determine
the constitutionality of statutes
,natural law - answer belief that law comes from principles inspired by God
and/or evident from nature
positivist school - answer belief that the established gov'ts laws are
supreme
traditional school - answer belief in the theory that laws which have
worked in the past are best suited to shape present law
legal realist school - answer theorizes that there is no uniform way to
interpret or apply the law
case law - answer law created by courts when they declare the law,
particularly in the areas of contracts and torts, and when it interprets the
laws already found in constitutions and statutes
persuasive authority - answer law which is not binding on a lawmaker, but
which may be influential
uniform codes - answer statutory frameworks covering a certain area of
law which have been complied by experts for adoption by state
legislatures
restatements - answer common-law schemes compiled by experts to
influence courts and to encourage nationwide consistency
administrative agencies - answer units of the executive branch created by
a legislature to regulate in a certain area
independent agencies - answer agencies designed to be free from the
direct authority of the president or governor
executive agencies - answer admin agencies whose heads are directly
subject to the authority of the president
, criminal law - answer involves wrongs against society punished by the
federal, state, or city gov't through prosecution
civil law - answer involves wrongs committed against persons or entities
who enforce their rights by filing lawsuits to obtain money, property or
other remedies
substantive law - answer defines the rights and duties of persons in our
society
procedural law - answer tells us the process by which we enforce rights
within our society
statutory law - answer law adopted by a legislative body
court of equity - answer one typically seeks an order of the court that
something be done or status be changed
res judicata - answer typically one or more members of a group of injured
parties sue as plaintiffs on behalf of the rest of the group
standing - answer the legal requirement that a person or entity must have
a tangible interest in the lawsuit before the person or entity can become a
party to the lawsuit
jurisdiction - answer refers to the authority of a court to decide a case
venue - answer place where the litigation is taking place
adjudication - answer process of litigation resulting in a binding
judgement
