Introductory Business Law CLEP Prep Practice Exam

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Prepare for the Introductory Business Law CLEP Exam. Study with flashcards and multiple choice questions, each question comes with hints and explanations. Ace your exam with confidence!

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What principle of law can be used to allow the court to enforce a right or set of rules?

Binding Authority
Stare Decisis
Statute of Frauds
Take Notice Doctrine

The correct answer is: Stare Decisis

Stare Decisis is a legal principle that means "let the decision stand." This principle is used to establish precedent in court decisions, meaning that previous court decisions are used to guide and influence current cases. This is important because it promotes consistency and predictability in the legal system. Binding Authority (A) refers to legal sources such as court decisions, statutes, and regulations that the court must follow in making its decision. Statute of Frauds (C) is a rule of contract law that requires certain agreements to be in writing in order to be enforceable. Take Notice Doctrine (D) is a legal principle that requires individuals to be aware of certain laws and regulations and to follow them. While these options are all related to law, they do not specifically address the principle of enforcing rights or rules in court. Therefore, the correct answer is B.