Business Law Exam 1 questions
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9 Terms
true
The stability and predictability of the law is essential to business activity
True
A state constitution is a primary source of law
False
Even if it conflicts with the US Constitution a state constitution takes charge within that states border
True
A local ordinance is considered statutory law
False
There is only one right answer to every legal question
True
Common law is a body of law developed from judical decisions and the principles estabished in those judicial decisions
a doctrine under which judges follow establish precedents
Srare decisis is best defined as:
Similar facts
once a court has applied a principle to a certain set of facts. that principle must generally be applied in future cases involving: