STUDY GUIDE
EXAM ONE
BUSI 2301.001 Fall 2017
Chapters 1-15
PART 1. The Legal System and the Legal Environment of Business
a. Define law.
b. Explain why we have laws.
c. List four sources of law.
d. Distinguish among crimes, torts, and ethics.
e. Explain the function of the courts.
f. Explain the relationships of the various courts in our society.
g. Describe the procedure for filing a lawsuit.
h. Describe the basic procedure for a jury trial.
i. Discuss the basis for intentional and negligent tort liability.
