Introduction to Business Law and Legal Systems

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Questions and Answers

In which legal system is the law systematically codified into codes?

  • Common Law System
  • Judge-made Law System
  • Continental Law System
  • Civil Law System (correct)

What is the main objective of Criminal law?

  • To codify laws into codes
  • To punish the offender (correct)
  • To compensate the innocent or injured
  • To establish authoritative decisions

Which legal system is organised in continental Europe and adopted in most parts of the world?

  • Civil Law System (correct)
  • Continental Law System
  • Common Law System
  • Judge-made Law System

What is the role of past case decisions by superior courts in common law?

<p>They are binding and authoritative for future cases decided by lower courts in the same hierarchy of courts (C)</p>
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What is the consequence in civil law if someone is injured by a reckless car driver who flouts traffic rules?

<p>The driver is sued by the injured person (B)</p>
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Which legal system involves a system of law concerned with the punishment of those who commit crimes that are harmful to society?

<p>Common Law System (A)</p>
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What is the term used for a person who brings a case against another in a court of law?

<p>Plaintiff (D)</p>
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What is the classification of laws within the Civil Law System?

<p>Systematically codified into codes (pure statute) (B)</p>
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What is the primary function of law in business?

<p>To regulate commercial transactions between business persons (A)</p>
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Which legal system does Singapore use?

<p>Common Law System (C)</p>
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What is one of the major characteristics of the Common Law System?

<p>Law is created by judgment handed down by courts (B)</p>
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What is the source of case law in the Common Law System?

<p>Judicial precedents (D)</p>
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What important doctrine is associated with the Common Law System?

<p>Doctrine of binding precedent (A)</p>
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What do the rules of law in the Common Law System form?

<p>Rules of common law (B)</p>
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What is the primary role of the principle of binding precedent or stare decisis in the Common Law System?

<p>To ensure consistency and predictability in the application of law (D)</p>
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Flashcards

Civil Law System

Law systematically codified into codes.

Objective of Criminal Law

To punish the offender.

Civil Law System

Organized in continental Europe and adopted in most parts of the world.

Role of Past Case Decisions in Common Law

Binding and authoritative for future cases in lower courts.

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Consequence in Civil Law

The driver is sued by the injured person.

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Common Law System

A system of law concerned with the punishment of crimes harmful to society.

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Plaintiff

A person who brings a case against another in a court of law.

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Classification of Laws

Systematically codified into codes (pure statute).

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Primary Function of Law in Business

To regulate commercial transactions between business persons.

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Legal System in Singapore

Common Law System

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Major Characteristic of Common Law

Law is created by judgments handed down by courts.

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Source of Case Law

Judicial precedents

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Important Doctrine of Common Law

Doctrine of binding precedent (stare decisis)

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What the Rules of Law Form

Rules of common law

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Primary Role of Binding Precedent

To ensure consistency and predictability in the application of law.

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