Introductory Business Law CLEP Prep Practice Exam

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Prepare for the CLEP Business Law Exam with flashcards and multiple-choice questions. Each question comes with hints and explanations to help you succeed. Master the content and pass your exam!

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Which of the following are the primary sources of law?

legislatures
common law
judicial decisions
custom

The correct answer is: legislatures

Legislatures are considered the primary source of law because they are responsible for making and enacting laws. Common law, judicial decisions, and custom are all considered secondary sources of law, as they may be used to interpret or apply laws made by legislatures. For example, common law, created by previous court cases, can be used to interpret a new law passed by a legislature. Judicial decisions, or case law, are also used to interpret laws and set precedents for future cases. Custom refers to unwritten rules and traditions that may be acknowledged and followed by a community or society, but they do not hold the same legal authority as laws created by legislatures.