Test Bank For The Legal Environment of Business Text and Cases 10th Edition by Frank B. Cross, Roger LeRoy.pd

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Test Bank For The Legal Environment of Business Text and
Cases 10th Edition by Frank B. Cross, Roger LeRoy Miller

Chapter 01: Law and Legal Reasoning

True / False

1. Laws and government regulations affect almost all business activities.
a. True
b. False
ANSWER: True

2. Law consists of enforceable rules governing relationships among individuals and between individuals and their society.
a. True
b. False
ANSWER: True

3. Many different laws may affect a single business transaction.
a. True
b. False
ANSWER: True

4. Business decision makers are expected to make decisions that are ethically sound.
a. True
b. False
ANSWER: True

5. A key to avoiding business disputes is to go ahead without thinking ahead.
a. True
b. False
ANSWER: False

6. Statutory law does not include county ordinances.
a. True
b. False
ANSWER: False

7. The stability and predictability of the law are essential to business activities.
a. True
b. False
ANSWER: True

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8. Remedies in equity include decrees of specific performance.
a. True
b. False
ANSWER: True

9. ―UCC 2–207(1)‖ is a citation to Uniform Commercial Code Section 2–207, subsection 1.
a. True
b. False
ANSWER: True

10. The courts, in interpreting statutory law, often rely on the common law as a guide to what the legislators intended.
a. True
b. False
ANSWER: True

11. Most state trial court decisions are not published.
a. True
b. False
ANSWER: True

12. A jury‘s good sense and careful consideration of consequences is known as jurisprudence.
a. True
b. False
ANSWER: False

13. Procedural law consists of all laws that outline the methods of enforcing rights.
a. True
b. False
ANSWER: True

14. Administrative law is a source of American law that is consists of statutes.
a. True
b. False
ANSWER: False

15. Statutes are laws enacted by Congress and the state legislatures and comprise one of the sources of American law.
a. True
b. False
ANSWER: True

16. Courts do not depart from precedents.
a. True
b. False
ANSWER: False


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17. Stare decisis is a doctrine obligating judges to help persons who have failed to protect their own rights.
a. True
b. False
ANSWER: False

18. In a common law system, judges are not obligated to follow the precedents established within their jurisdictions.
a. True
b. False
ANSWER: False

19. Damages are a remedy at law.
a. True
b. False
ANSWER: True

20. Remedies in equity include injunctions.
a. True
b. False
ANSWER: True

21. In most states, the courts no longer grant ―equitable‖ remedies.
a. True
b. False
ANSWER: False

22. The term common law refers to law that is common throughout the world.
a. True
b. False
ANSWER: False

23. The common law is a term for the laws that are familiar to most of us.
a. True
b. False
ANSWER: False

24. Constitutional law includes only the U.S. Constitution.
a. True
b. False
ANSWER: False

25. Whether a law is constitutional depends on its source.
a. True
b. False
ANSWER: False


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26. The U.S. Constitution reserves to the federal government all powers not granted to the states.
a. True
b. False
ANSWER: False

27. Statutory law includes state statutes.
a. True
b. False
ANSWER: True

28. The courts, in interpreting statutory law, may rely on the common law as a guide to what the legislators intended.
a. True
b. False
ANSWER: True

29. A citation identifies the publication in which a legal authority can be found.
a. True
b. False
ANSWER: True

30. Administrative law consists of the rules, orders, and decisions of administrative agencies.
a. True
b. False
ANSWER: True

31. Administrative law includes only state regulations.
a. True
b. False
ANSWER: False

32. Criminal law focuses on rights and duties that exist between persons.
a. True
b. False
ANSWER: False

33. Criminal acts are prohibited only by federal government statutes.
a. True
b. False
ANSWER: False

34. The party against whom a lawsuit is brought is the plaintiff or petitioner.
a. True
b. False
ANSWER: False


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