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Ch_1StudyQ - 5 What is the Uniform Commercial Code It was...

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Logan Cooper BLAW 3201-10 Chapter 1 S TUDY Q UESTIONS 1) If justice is defined as the fair, impartial consideration of opposing interests, are law and justice the same thing? No, law is a set of enforceable rules between individuals and society, justice is more the goal of law not law itself. 2) What is jurisprudence? Jurisprudence is the science or philosophy of law. (a) Which of the schools of jurisprudential thought matches the U.S. system? Legal Realism, or sociological school. 3) What is the common law? Often called judge-made law, it is the body of law derived from judges decision or custom, not a legislative body. 4) Define and discuss the sources of American law: (a) What is the supreme law of the land? The U.S. Constitution (b) What are statutes? Laws that are enacted by legislative bodies (c) What are ordinances? Statutes passed by a local government (d) What are administrative rules? Rules, orders, and decisions made by administrative agencies.
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Unformatted text preview: 5) What is the Uniform Commercial Code? It was created by the NCCUSL, and adopted by every state legislature. It creates a uniform set of laws across the states governing commercial transactions and contracts. 6) Discuss the differences within the classification of law as civil law and criminal law. Civil law is the law between people, and criminal law is the law between people and society. 7) Discuss the differences between remedies at law and in equity. Remedies at law include money, land, or anything of value. Equity of law are used whenever money or land doesn’t satisfy the injury, equities can include specific performance, injunction, or recession. 8) Identify and describe remedies available in equity. Injunction- order a party to cease a specific activity or undo something Recession- Cancellation of a contract Sepecific Performance- Ordering a party to cease engaging in a specific activity...
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