Exam 1: Legal Heritage and the Digital Age

Businesses that are organized in the United States are subject to its laws, but not to the laws of other countries in which they do business.

________ are established by the legislative and executive branches of the federal and state governments to enforce and interpret statutes enacted by the Congress and state legislatures.

Philosophers of the ________ School of jurisprudence emphasize a moral theory of law, where law is based on morality and ethics, and is discovered by human reasoning and making choices between good and evil.

Explain the doctrine of stare decisis and how it has influenced the legal system.

________ is that which must be obeyed and followed by citizens subject to sanctions or legal consequences.

The Law and Economics School of jurisprudential thought believes that promoting market efficiency should be the central goal of legal decision making.

What is the function of the judicial branch of the federal government?

Within a state, the state constitution precedes the U.S. Constitution.

Treaties are considered to be part of the supreme law of the United States of America.

What was a result of the development of the English common law?

The Analytical School of jurisprudence maintains that the law is ________.

The philosophers of the Command School of jurisprudence will assert that the law is ________.

Which school of jurisprudence views law as a sort of evolutionary process, where changing norms of society will be reflected in the law?

The Securities and Exchange Commission (SEC), created by the Congress to enforce federal securities laws, is an example of a(n) ________.

The ________ branch of the federal government has the power to enact laws.

What is the first step in examining a legal case using IRAC method?

The law courts of the English common law could only provide monetary awards for damages.

The Law and Economics School believes that legal decision making should be functional to market efficiency.

Which school of jurisprudential thought emphasizes using law as a tool for market efficiency while solving legal disputes?

The ________ branch of the federal government has the power to enforce the law.