Exam 1: Todays Business Environment: Law and Ethics

____ sets forth rules governing the legal relationships among members of society and is enforced mostly through the state court systems.

Law operates best without use of force, as members of society regulate themselves.

Ethics is considered a part of etiquette or good manners.

In Davis v. Baugh Industrial Contractors, the traditional common law rule prevented a party who accepted a completed construction project from later suing the contractor for flaws in construction that caused injury to others. In reviewing such a case, the Washington state high court held that the rule was not sensible in modern times and would be dropped. This is an example of how:

A major advantages of the use of precedent in law for businesses is that they will:

Both ____ and ____ are part of the rules that govern behavior in most nations.

In an orderly society, law and the legal system help to:

To find a person guilty of a crime, the jury or judge must find that the preponderance (majority) of the evidence is against the accused.

One of the main reasons that the country of Haiti has not experienced greater economic development is because its government is corrupt.

The U.S. Constitution created these branches of federal government:

Public law:

Administrative agencies can:

Decisions from courts are published in case reporters.

A constitution must be:

An important state law affecting the legal regulation of business is the Uniform Commercial Code.

Regulatory law may come from:

Private law generally includes:

Under the common law, judges usually decide cases based on:

The reasonable "doing of something about disputes" refers to:

If someone is sued in a civil suit, such as in tort for hitting someone on the head with a stick, to find the wrongdoer liable, the jury must find that the injured party was favored by: