Page | 1
BUL 4421-MIDTERM FAU GENDLER EXAM
2025| BRAND NEW ACTUAL EXAM WITH 100%
VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| ACE
YOUR GRADES.
Chapter 1: Introduction to Business Law
Chapter 1: Introduction to Business Law
, Page | 2
Relevant areas of business law applicable to human recourse
management involve (4): - correct answer - 1. Agency law
2. Contracts
3. Employment and labor laws
4. Employment discrimination
This type of law regulates disputes between private individuals or
groups.
(Ex: dispute between landlord and tenant governed by private
law). - correct answer - Private law
This type of law regulates disputes between private individuals
and government.
(Ex: dumping in violation of state or federal environmental laws). -
correct answer - Public law
This type of law delineates the rights and responsibilities implied
in relationship between persons, or between person and their
government. - correct answer - Civil law
, Page | 3
This type of law regulates incidents in which someone commits an
act against the public as a whole, such as by conducting insider
trading on the stock exchange.
- Government is plaintiff - correct answer - Criminal law
Put these laws in order of Hierarchy of Laws: States Statutes,
U.S. Constitutions, Common Law, state constitution, and Federal
Statutes - correct answer - - U.S. Constitutions
- Federal Statutes
- State Constitution
- State Statutes
- Common Law
Collection of legal interpretations made by judges, and are law
unless revoked by new statutory law. - correct answer - Common
Law (aka Case Law)
Past decisions in similar cases that guide later decisions thereby
providing greater stability and predictability to the law. - correct
answer - Precedent
, Page | 4
A principle stating that rulings made in higher courts are binding
precedent for lower courts. Latin for "standing by the decision." -
correct answer - Stare Decisis
1. Summaries of common law rules in a particular area of the law
that have been enacted in most states.
2. They do not carry the weight of the law but guide
interpretations of certain principles. - correct answer -
Restatements of the Law
Certain habits of mind and specific beliefs about human nature.
Beliefs are deeply rooted within a person's emotions and habits,
and thus they are sure to guide one's opinions and decisions.
Such beliefs may be commonly held and create much larger
schools of thought thus they are more common guides to legal
interpretation. - correct answer - Schools of Jurisprudence
Name the (5) Schools of Jurisprudence: *CH*i*LL*i*N* - correct
answer - 1. Cost benefit analysis
2. Historical School
3. Legal Positivism
4. Legal Realism
5. Natural Law
BUL 4421-MIDTERM FAU GENDLER EXAM
2025| BRAND NEW ACTUAL EXAM WITH 100%
VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| ACE
YOUR GRADES.
Chapter 1: Introduction to Business Law
Chapter 1: Introduction to Business Law
, Page | 2
Relevant areas of business law applicable to human recourse
management involve (4): - correct answer - 1. Agency law
2. Contracts
3. Employment and labor laws
4. Employment discrimination
This type of law regulates disputes between private individuals or
groups.
(Ex: dispute between landlord and tenant governed by private
law). - correct answer - Private law
This type of law regulates disputes between private individuals
and government.
(Ex: dumping in violation of state or federal environmental laws). -
correct answer - Public law
This type of law delineates the rights and responsibilities implied
in relationship between persons, or between person and their
government. - correct answer - Civil law
, Page | 3
This type of law regulates incidents in which someone commits an
act against the public as a whole, such as by conducting insider
trading on the stock exchange.
- Government is plaintiff - correct answer - Criminal law
Put these laws in order of Hierarchy of Laws: States Statutes,
U.S. Constitutions, Common Law, state constitution, and Federal
Statutes - correct answer - - U.S. Constitutions
- Federal Statutes
- State Constitution
- State Statutes
- Common Law
Collection of legal interpretations made by judges, and are law
unless revoked by new statutory law. - correct answer - Common
Law (aka Case Law)
Past decisions in similar cases that guide later decisions thereby
providing greater stability and predictability to the law. - correct
answer - Precedent
, Page | 4
A principle stating that rulings made in higher courts are binding
precedent for lower courts. Latin for "standing by the decision." -
correct answer - Stare Decisis
1. Summaries of common law rules in a particular area of the law
that have been enacted in most states.
2. They do not carry the weight of the law but guide
interpretations of certain principles. - correct answer -
Restatements of the Law
Certain habits of mind and specific beliefs about human nature.
Beliefs are deeply rooted within a person's emotions and habits,
and thus they are sure to guide one's opinions and decisions.
Such beliefs may be commonly held and create much larger
schools of thought thus they are more common guides to legal
interpretation. - correct answer - Schools of Jurisprudence
Name the (5) Schools of Jurisprudence: *CH*i*LL*i*N* - correct
answer - 1. Cost benefit analysis
2. Historical School
3. Legal Positivism
4. Legal Realism
5. Natural Law
