Business Law Exam Notes
the values and beliefs of a society or its ruling group.
2. Primary sources of the Law include:
The U.s. Constitution of the various states.
Statues, or laws, passed by Congress and by state legislatures.
Regulations created by administrative agencies, such as the Federal Trade Commission and the U.S. Food and Drug Administration.
Case law (court decisions)
3. Common Law: the body of law developed from custom or judicial decisions in English and U.S. courts, not attributable
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