Exam (elaborations)
BLAW Exam 1 Correct Answers
- Course
- BLAW
- Institution
- University Of Southern California
Exam of 20 pages for the course BLAW at University Of Southern California (Correct Answers)
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BLAW Exam 1 Correct AnswersWHY study the law/regulations that affect business owners and entrepreneurs? Answer: Law not
only regulates - it enables and facilitates
It is not simply a constraint that must be complied with - it can be used proactively to increase a
company's value
What is a set of rules outlining the social norms and rules and responsibilities of, or proper practices for,
an individual, party or organization. Related concepts include ethical, honor, moral codes and religious
laws Answer: Rules of conduct
Laws are simply sets of rules designed to encourage or discourage behavior... The law tells us how
society expects us to ____ Answer: behave
What word describes right or wrong behavior? Answer: Ethical Behavior
What law refers to agreements between individuals and entities that are binding? Answer: Contract
Law (Keep your promise)
What law stems from wrongful acts that cause harm to one person, by another? Answer: Tort
Law/negligence law (Act carefully... dont steal...dont lie)
What statutory law concerns the employer/employee relationship and involving matters such as make
decisions based on performance not membership in protected class? Answer: Employment Law
After Norman conquest of England in 1066 - William the Conqueror established King's courts called
_____ Answer: curia regis
,What law is characterized by case law developed by judges, courts, and similar tribunals, when giving
decisions in individual cases that have precedential effect on future cases? Answer: Common Law
What purpose do courts serve? Answer: To help solve disputes
So real people with real disputes - do what? Answer: 1. Going to court
2. get decisions made
3. decisions get written down
4. Future decisions will reflect past decisions
What is a common law doctrine under which judges are obligated to follow the precedents established
in prior decisions? Answer: stare decisis
How to properly cite a case? Answer: Plaintiff v. Defendant, Reported in Volume (Decided where
and when)
Callahan v. First Congregational Church of Haverhill, 808 N.E.2d 301 (Mass.2004).
How do laws become common laws? Answer: 1. Judge made law
2. Cases become precedent (stare decisis)
Why stare decisis helpful? Answer: 1. A new perspective
2. Consistency
3. Fair
4. Efficient and Easier for Judges
, Does the stare decisis make the law static (unchanging)? Answer: Kind of but it moves along with
society
Example: Brown v. Board of Education
Segregation ok? But society changed so law change
What do you call the person filing the problem? Answer: Plaintiff (complaining)
What do you call the person who the charges are on? Answer: Defendant
What does Remedy mean? Answer: compensation for their problems
What type of compensation is it when money doesn't quantify so you get something else? Answer:
Equity Remedy
What type of compensation is it when you receive money for your problems? Answer: Remedy at
law
What type of remedy is only dispensed by judges? Answer: Equity Remedy
Money damages are awarded by ____ Answer: juries
Equity is an extraordinary remedy... What does this mean? Answer: It's rare and only happens when
money doesn't work
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