Chapter 1 review- BUS LAW
precedent
Based on the common law tradition, past court decisions become _____ for deciding future cases.
common
English _____ law was developed by judges, who issued their opinions when deciding cases. The principles in these cases became precedent for later judges deciding similar cases.
codified
Federal statutes are organized by topic into code books. This is often referred to as _____ law.
chicago
The Law and Economics School of jurisprudence is also called the _____ School.
federal administrative agency
The Securities and Exchange Commission is an example of a _____.
executive
The president of the United States is empowered to issue _____ orders.
sociological
The _____ School of jurisprudence asserts that the law is a means of achieving and advancing certain sociological goals.
law and economics
The _____ School of jurisprudence believes that promoting market efficiency should be the central goal of legal decision making.
command
The _____ School of jurisprudence believes that the law is a set of rules developed, communicated, and enforced by the ruling party rather than a reflection of the society's morality, history, logic, or sociology.
critical legal studies
The _____ School of jurisprudence proposes that legal rules are unnecessary and are used as an obstacle by the powerful to maintain the status quo. A.
law, equity, merchant
Which of the following are categories of courts that established English common law?
establishing uniform principles of individual morality
Which of the following is not a primary function of law in the United States? A. establishing uniform principles of individual morality B. facilitating orderly change C. providing a basis for compromise D. facilitating planning E. maximizing individual freedom
which executive nominated the judge presiding over the case
Which of the following is not a relevant question according to the IRAC method of critical legal thinking?
law and economics
Which of the following schools of jurisprudential thought might suggest that the federal government's policy of subsidized housing provides incentives resulting in too many homes being built?
constitution
what is the supreme law of the united states
treaty
A(n) _____ is a compact made between two or more nations.
ordinance
A(n) _____ is a law enacted by local government bodies, such as cities and municipalities, counties, school districts, and water districts.
statute
A(n) _____ is a written law enacted by the legislative branch of the federal and state governments that establishes certain courses of conduct to which covered parties must adhere.
critical legal thinking
_____ improves a person's problem-solving skills and helps him or her to make clear, logical, rational, and well-reasoned conclusions and judgments.
law
_____ is a body of rules of action or conduct prescribed by controlling authority and having binding legal force.
stare decisis
_____ means "to stand by the decision."
