BUL 4421 ACTUAL EXAM 2026 QUESTIONS
WITH ANSWERS GRADED A+
◉ The first _____ amendments to the U.S. Constitution are known as
the Bill of Rights. Answer: Ten
◉ if a law prevents individuals from exercising a fundamental right, the
law will be subject to_. Answer: Strict scrutiny
◉ Why must federal legislation that affects business be based on
expressed constitutional grant of authority? Answer: Because the federal
government has only those powers granted to it by the Constitution.
◉ Why must federal legislation that affects business be based on
expressed constitutional grant of authority? Answer: Because the federal
government has only those powers granted to it by the Constitution.
◉ Which of the following is true regarding the Fifth Amendment's
protection against self-incrimination? Answer: A person does not have to
be e a a witness against himself or herself in a criminal case.
, ◉ When can government agents obtain a search warrant? Answer: When
they can establish probable cause
◉ A[n] clause has been defined as one i which the terms are "manifestly
unfair or oppressive and are dictated by a dominant party." Answer:
Unconscionable
◉ When is an arbitrator's decision called an "award"? Answer: Always
◉ A(n) is a provision in a contract that mandates that all disputes arising
under the contract must be settled by arbitration. Answer: Binding
arbitration clause
◉ Which of the following is true regarding the remedy if a party does
not abide by an agreement reached in mediation? Answer: The remedy is
sue for breach of contract.
◉ According to the text, positive points of arbitration involve(s) which
of the following? Answer: Arbitration is generally less expensive than
litigation.
◉ Which of the following is true regarding the use of legal counsel at
arbitration proceedings? Answer: .It is up to each of the parties. They
may have legal counsel, or they may not.
WITH ANSWERS GRADED A+
◉ The first _____ amendments to the U.S. Constitution are known as
the Bill of Rights. Answer: Ten
◉ if a law prevents individuals from exercising a fundamental right, the
law will be subject to_. Answer: Strict scrutiny
◉ Why must federal legislation that affects business be based on
expressed constitutional grant of authority? Answer: Because the federal
government has only those powers granted to it by the Constitution.
◉ Why must federal legislation that affects business be based on
expressed constitutional grant of authority? Answer: Because the federal
government has only those powers granted to it by the Constitution.
◉ Which of the following is true regarding the Fifth Amendment's
protection against self-incrimination? Answer: A person does not have to
be e a a witness against himself or herself in a criminal case.
, ◉ When can government agents obtain a search warrant? Answer: When
they can establish probable cause
◉ A[n] clause has been defined as one i which the terms are "manifestly
unfair or oppressive and are dictated by a dominant party." Answer:
Unconscionable
◉ When is an arbitrator's decision called an "award"? Answer: Always
◉ A(n) is a provision in a contract that mandates that all disputes arising
under the contract must be settled by arbitration. Answer: Binding
arbitration clause
◉ Which of the following is true regarding the remedy if a party does
not abide by an agreement reached in mediation? Answer: The remedy is
sue for breach of contract.
◉ According to the text, positive points of arbitration involve(s) which
of the following? Answer: Arbitration is generally less expensive than
litigation.
◉ Which of the following is true regarding the use of legal counsel at
arbitration proceedings? Answer: .It is up to each of the parties. They
may have legal counsel, or they may not.
