Business Law 4.0

Question 1

1/4 functions of Constitutional Law

Answer 1

1. Establish the supreme law of a state or country

Question 2

2/4 functions of Constitutional Law

Answer 2

2. create the structure of the government and allocate power within the government structure

Question 3

3/4 functions of Constitutional Law

Answer 3

3. Impose restrictions on the power of the government

Question 4

4/4 functions of Constitutional Law

Answer 4

4. Grant rights and liberties to citizens

Question 5

section 1 of the constitution

Answer 5

establish the legislative branch (congress)

Question 6

article 2 of the constitution

Answer 6

establish the executive branch (president)

Question 7

article 3 of the constitution

Answer 7

establishes the judicial branch

Question 8

article 4 of the constitution

Answer 8

establishes the relationship between the states and the federal government

Question 9

article 5 of the constitution

Answer 9

describes how the constitution gets amended

Question 10

article 6 of the constitution

Answer 10

covers various & miscellaneous matters and the supremacy clause

Question 11

article 7 of the constitution

Answer 11

describes process of ratifying the constitution

Question 12

how many articles in the constitution

Answer 12

7

Question 13

federalism

Answer 13

the interplay between the federal government and the states and their respective powers

Question 14

what was the origin of supreme power, and why was it criticized

Answer 14

“no taxation without representation” after the rebellion against the british

Question 15

what does federal fiscal powers mean

Answer 15

basically the authorities that the federal government possesses in regards to money

Question 16

what are the federal fiscal powers

Answer 16

taxation, spending, borrowing & coining money, eminent domain

Question 17

what is eminent domain

Answer 17

the power of the government where they can take private property in exchange for fair compensation

Question 18

is there a limit of how much money can be coined?

Answer 18

no

Question 19

is there a limit of how much money can be printed?

Answer 19

yes

Question 20

why would the government place a limit on how much money could be printed

Answer 20

because the value of the dollar would decrease, and would exacerbate inflation (cause inflation)

Question 21

what could potentially happen if the government reaches their annual spending limit

Answer 21

they risk shutting down

Question 22

what types of things would the government exercise eminent domain for?

Answer 22

airports, schools, railroads, highways, national parks, oil drilling or pipelines, military bases, etc.

Question 23

why is there no limit on how much coins made

Answer 23

because too many coins wont cause inflation, no one pays with coins only, and the cost to make coins is higher than the value of the coin itself

Question 24

what is due process

Answer 24

when you interact with the government, the government must treat you fairly

Question 25

even though the states hold power, what are their limitations

Answer 25

state laws are limited if they are conflicting with the federal government, or they must yield to the federal law

Question 26

what is the first component of federal and state legislation being considered “in conflict” with one another

Answer 26

1. if compliance with both state and federal law is impossible

Question 27

what is another component of the state and federal legislation being considered “in conflict” with one another

Answer 27

if the state law “stands as an obstacle to the accomplishment and execution of the full purposes and objectives of congress”

Question 28

what is judicial review

Answer 28

the process by which the courts examine government actions whether they conform to the U.S. Constitution

Question 29

what happens if the the government action violates the U.S. Constitution

Answer 29

the courts (under judicial review) will invalidate the action

Question 30

what is considered a fundamental principle of the U.S. Constitution

Answer 30

separation of powers

Question 31

what does the separation of powers written into the constitution entail

Answer 31

basically the establishment of different branches of government and how they carry different responsibilities that are independent on one another

Question 32

when is the separation of powers not complete?

Answer 32

when two or more branches of government share power

Question 33

what is the executive branch in charge of

Answer 33

enforcing the law

Question 34

what is the legislative branch in charge of

Answer 34

making the law

Question 35

what is the judicial branch in charge of

Answer 35

interpreting the law