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[BLE-214] - Final Exam Guide - Ultimate 67 pages long Study Guide!


Department
BLE
Course Code
BLE-214
Professor
Eonas Anthony
Study Guide
Final

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Suffolk
BLE-214
FINAL EXAM
STUDY GUIDE

Only pages 1-3 are available for preview. Some parts have been intentionally blurred.

Only pages 1-3 are available for preview. Some parts have been intentionally blurred.

Doroteya Yoshovska
BLE214
2/2/17
Study Guide for Chapter 1
Key questions:
- What is business law?
o The enforceable rules of conduct that govern commercial relationships
- How does business law relate to business education?
o They have six functional areas of business
Management
Production and transportation
Marketing
Research and development
Accounting and finance
Human resource management
- What are the purposes of law?
o To give us orders and guidelines
- What are alternative ways to classify the law?
o National vs. international
o Federal vs. state
o Public vs. private
o Civil vs. criminal
- What are the sources of the law?
o Constitutions
o Statutes
o Cases
- What are the carious schools of jurisdiction?
o Natural law
o Legal positivism
o Identification with the vulnerable
o Historical school: tradition
o Legal realism
o Cost-benefit analysis
Key Terms:
Administrative law: collection of rules and decisions made by a huge number of administrative agencies
Business law: the enforceable rules of conduct that govern commercial relationships
Civil law: lays out the rights and responsibilities implied in relationships between persons ad between
persons and their government
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Case law: the collection of legal interpretations made by judges
Common law: another name for case law
Constitutional law: the general limits and powers of these governments as stated in their written
constitutions
Cost-benefit analysis: a guide to legal change, choosing the alternatives that maximized benefits and
minimized costs
Criminal law: regulates situations in which someone commits an act against the public as a whole, such
as by conducting insider trading on the stock exchange
Cyber law: based primarily on existing law
Private law: regulates disputes between private individuals or groups
Public law: controls disputes between private individuals or groups and their government
Statutory law: rules and regulations put forth by legislatures
Natural law: ertai ethial las ad priiples elieed to e orally right ad aoe the la deised
by humans
Identification with the vulnerable: on the grounds that some higher law or body or moral principles
connects all of us in the human community
Legal positivism: the concept of legal positivism sees our proper role as obedience to duly authorized
law
Legal realism: based on the idea, that when ruling on a case, judges need to consider more than just the
law
Model (uniform) laws: laws that serve as suggestions for statutory law at the state level
Precedent: past decisions in similar cases that guide later decisions, thereby providing greater stability
and predictability to the law
Restatements of the law: summaries of the common law rules in a particular area of the law that have
been enacted by most states
Stare decisis: standing by their decisions
Treaty: a binding agreement between two states or international organizations
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find more resources at oneclass.com
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