Free Online Flashcard Deck

1 Foundations of Business Law and Legal Reasoning Free Online FlashCards

Study 1 Foundations of Business Law and Legal Reasoning with 12 free online flashcards. Review key terms, definitions, and concepts with this interactive flashcard deck.

12 cards
01
Front

What are the major sources of U.S. law?

Back

Constitutions, statutes, regulations, and judicial decisions are major sources of U.S. law; court rules and local ordinances also govern specific matters.

02
Front

What does the Supremacy Clause establish?

Back

The Supremacy Clause gives the U.S. Constitution, valid federal statutes, and treaties priority over conflicting state law, but federal law governs only within its constitutional and statutory authority.

03
Front

How do federal and state court jurisdictions generally differ?

Back

Federal courts have limited jurisdiction, commonly hearing cases involving federal law or qualifying disputes between citizens of different states. State courts hear most other disputes and generally have broader jurisdiction.

04
Front

What is a precedent?

Back

A precedent is a prior judicial decision used to resolve a later case involving a similar legal issue.

05
Front

What is a court’s usual starting point when interpreting a statute?

Back

Courts typically begin with the enacted words’ ordinary meaning in context, reading them alongside the rest of the statute and related laws. If uncertainty remains, they may use other interpretive tools.

06
Front

What are the four parts of IRAC?

Back

IRAC organizes legal analysis into Issue, Rule, Application, and Conclusion: identify the question, state the governing law, connect it to the facts, and give a reasoned answer.

07
Front

How do regulations get their legal authority?

Back

Regulations are rules issued by government agencies under authority delegated to them by statutes.

08
Front

How does primary authority differ from secondary authority?

Back

Primary authority includes constitutions, statutes, regulations, and court decisions. Secondary authority explains or analyzes law but generally does not itself bind a court.

09
Front

What does jurisdiction mean for a court?

Back

Jurisdiction is a court’s legal authority to hear a case. It includes authority over the type of dispute and, in many cases, the parties.

10
Front

What does a trial court do?

Back

Trial courts determine facts and apply the law to resolve a case.

11
Front

What is the usual role of an appellate court?

Back

Appellate courts review claimed legal or procedural errors. They ordinarily do not retry the case or receive new evidence.

12
Front

What is the hierarchy of the main federal courts?

Back

In the federal system, U.S. district courts are trial courts, courts of appeals review most district-court decisions, and the U.S. Supreme Court is the highest court.