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."