Business Law Final Multiple Choice #1

Which stage involves the formal recording of laws and legal principles into a written code or statute?

• Common law

• Judicial decisions

• Codification

• Stare decisis

Which of the following best describes common law?

• Laws created by legislative bodies

• Laws established through executive orders

• Laws derived from custom, tradition, and judicial decisions

• Laws based on religious doctrines

Positive Law is characterized by:

• Flexibility and adaptability based on tradition

• A reliance on judicial decisions and precedents

• A combination of customs and local practices

• Strict adherence to written statutes and codes

The legal system in the U.S. state of Louisiana is heavily influenced by:

• Common Law

• Sharia Law

• Napoleonic Code

• Roman Law

The King's Bench was:

• A royal dining hall during medieval times

• The highest court in England during the medieval and early modern periods

• A fortress used for military strategy

• The primary legislative body during the Renaissance

Which source of law involves written rules enacted by legislative bodies?

• Common law

• Administrative law

• Statutory law

• Case law

Which of the following forms of dispute resolution involves a neutral third party making a decision that is binding on both parties?

• Mediation

• Negotiation

• Litigation

• Arbitration

How many Circuit Courts of Appeals are there in the federal court system?

Which federal court has original jurisdiction over cases involving disputes between states?

• Supreme Court

• Circuit Courts

• District Courts

• Bankruptcy Courts

Appeals from the federal district courts are heard by which level of the federal court system?

• Circuit Courts

• Supreme Court

• District Courts

• Magistrate Courts