1. What is business law?

2. What is the normal penalty for breach of a civil wrong?

3. What kind of relief were courts of equity designed to give?

4. Explain what the roots of our legal system are.

5. Why do courts generally adhere to the judicial precedents set by earlier decisions?

6. Why was the Bill of rights enacted?

7. Explain the difference between actions in civil and criminal law.

8. What section of the Constitution is the basis for most laws governing business transactions, and what does it provide?

9. What determines whether an offense is a felony or a misdemeanor? are there offenses less serious than misdemeanors?

10. List some guiding principles that determine how ethics relates to the enactment of laws.

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