TEST BANK
Business Law: Text and Cases, 15th edition
By Kenneth W. Clarkson, Roger LeRoy Miller, Frank B. Cross
SC
O
R
EG
U
ID
ES
, TABLE OF CONTENT
Unit 1. The Legal Environment of Business
Chapter 1. Law and Legal Reasoning
Chapter 2. Business and the Constitution
Chapter 3. Ethics in Business
Chapter 4. Courts and Alternative Dispute Resolution
Chapter 5. Court Procedures
Unit One. Task-Based Simulation
Unit One. Application and Ethics
SC
Unit 2. Torts and Crimes
Chapter 6. Tort Law
Chapter 7. Strict Liability and Product Liability
Chapter 8. Intellectual Property Rights
Chapter 9. Internet Law, Social Media, and Privacy
O
Chapter 10. Criminal Law and Cyber Crime
Unit Two. Task-Based Simulation
Unit Two. Application and Ethics
R
Unit 3. Contracts and E-Contracts
Chapter 11. Nature and Terminology
Chapter 12. Agreement
EG
Chapter 13. Consideration
Chapter 14. Capacity and Legality
Chapter 15. Mistakes, Fraud, and Voluntary Consent
Chapter 16. The Writing Requirement
Chapter 17. Third Party Rights
Chapter 18. Performance and Discharge
U
Chapter 19. Breach of Contract and Remedies
Unit Three. Task-Based Simulation
Unit Three. Application and Ethics
ID
Unit 4. Domestic and International Sales and Lease Contracts
Chapter 20. Sales and Lease Contracts
Chapter 21. Title, Risk, and Insurable Interest
Chapter 22. Performance and Breach of Sales and Lease Contracts
ES
Chapter 23. Warranties
Chapter 24. International and Space Law
Unit Four. Task-Based Simulation
Unit Four. Application and Ethics
Unit 5. Negotiable Instruments
Chapter 25. Negotiable Instruments
Chapter 26. Transferability and Holder in Due Course
Chapter 27. Liability, Defenses, and Discharge
Chapter 28. Banking
Unit Five. Task-Based Simulation
,Unit Five. Application and Ethics
Unit 6. Creditors’ Rights and Bankruptcy
Chapter 29. Creditors’ Rights and Remedies
Chapter 30. Secured Transactions
Chapter 31. Bankruptcy Law
Unit Six. Task-Based Simulation
Unit Six. Application and Ethics
Unit 7. Agency and Employment
Chapter 32. Agency Formation and Duties
SC
Chapter 33. Agency Liability and Termination
Chapter 34. Employment, Immigration, and Labor Law
Chapter 35. Employment Discrimination
Unit Seven. Task-Based Simulation
Unit Seven. Application and Ethics
Unit 8. Business Organizations
O
Chapter 36. Small Businesses and Franchises
Chapter 37. All Forms of Partnerships
Chapter 38. Limited Liability Companies and Special Business Forms
R
Chapter 39. Corporate Formation and Financing
Chapter 40. Corporate Directors, Officers, and Shareholders
Chapter 41. Mergers and Takeovers
EG
Chapter 42. Investor Protection, Insider Trading, and Corporate Governance
Unit Eight. Task-Based Simulation
Unit Eight. Application and Ethics
Unit 9. Government Regulation
Chapter 43. Administrative Agencies
Chapter 44. Consumer Law
U
Chapter 45. Environmental Protection
Chapter 46. Antitrust Law
ID
Chapter 47. Professional Liability and Accountability
Unit Nine. Task-Based Simulation
Unit Nine. Application and Ethics
Unit 10. Property and Its Protection
ES
Chapter 48. Personal Property and Bailments
Chapter 49. Real Property and Landlord-Tenant Law
Chapter 50. Insurance
Chapter 51. Wills and Trusts
Unit Ten. Task-Based Simulation
Unit Ten. Application and Ethics
Appendix A. How to Brief Cases and Analyze Case Problems
, Chapter 1
Introduction to Law and
Legal Reasoning
SC
N.B.: TYPE indicates that a question is new, modified, or unchanged, as
follows.
O
N A question new to this edition of the Test Bank.
+ A question modified from the previous edition of the Test Bank.
= A question included in the previous edition of the Test Bank.
R
TRUE/FALSE QUESTIONS
EG
A1. The stability and predictability of the law is essential to business activities.
j j j j j j j j j j j
ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analytic j j AICPA Critical Thinking j j
A2. Law is a body of enforceable rules governing relationships j
among individuals and between individuals and their society.
U
j j j j j j j
ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analytic AICPA Legal
ID
j j j j
A3. A breach of a contract is a failure to perform it.
j j j j j j j j j j
ANSWER: T PAGE: 3 TYPE: N
NAT: AACSB Ethics AICPA Critical Thinking
ES
j j j j j
A4. Constitutional law includes only the U.S. Constitution.
j j j j j j
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic j AICPA Legal j j
A5. A stateconstitution issupreme within the state‘s borders.
j j j j j j j j
11
Business Law: Text and Cases, 15th edition
By Kenneth W. Clarkson, Roger LeRoy Miller, Frank B. Cross
SC
O
R
EG
U
ID
ES
, TABLE OF CONTENT
Unit 1. The Legal Environment of Business
Chapter 1. Law and Legal Reasoning
Chapter 2. Business and the Constitution
Chapter 3. Ethics in Business
Chapter 4. Courts and Alternative Dispute Resolution
Chapter 5. Court Procedures
Unit One. Task-Based Simulation
Unit One. Application and Ethics
SC
Unit 2. Torts and Crimes
Chapter 6. Tort Law
Chapter 7. Strict Liability and Product Liability
Chapter 8. Intellectual Property Rights
Chapter 9. Internet Law, Social Media, and Privacy
O
Chapter 10. Criminal Law and Cyber Crime
Unit Two. Task-Based Simulation
Unit Two. Application and Ethics
R
Unit 3. Contracts and E-Contracts
Chapter 11. Nature and Terminology
Chapter 12. Agreement
EG
Chapter 13. Consideration
Chapter 14. Capacity and Legality
Chapter 15. Mistakes, Fraud, and Voluntary Consent
Chapter 16. The Writing Requirement
Chapter 17. Third Party Rights
Chapter 18. Performance and Discharge
U
Chapter 19. Breach of Contract and Remedies
Unit Three. Task-Based Simulation
Unit Three. Application and Ethics
ID
Unit 4. Domestic and International Sales and Lease Contracts
Chapter 20. Sales and Lease Contracts
Chapter 21. Title, Risk, and Insurable Interest
Chapter 22. Performance and Breach of Sales and Lease Contracts
ES
Chapter 23. Warranties
Chapter 24. International and Space Law
Unit Four. Task-Based Simulation
Unit Four. Application and Ethics
Unit 5. Negotiable Instruments
Chapter 25. Negotiable Instruments
Chapter 26. Transferability and Holder in Due Course
Chapter 27. Liability, Defenses, and Discharge
Chapter 28. Banking
Unit Five. Task-Based Simulation
,Unit Five. Application and Ethics
Unit 6. Creditors’ Rights and Bankruptcy
Chapter 29. Creditors’ Rights and Remedies
Chapter 30. Secured Transactions
Chapter 31. Bankruptcy Law
Unit Six. Task-Based Simulation
Unit Six. Application and Ethics
Unit 7. Agency and Employment
Chapter 32. Agency Formation and Duties
SC
Chapter 33. Agency Liability and Termination
Chapter 34. Employment, Immigration, and Labor Law
Chapter 35. Employment Discrimination
Unit Seven. Task-Based Simulation
Unit Seven. Application and Ethics
Unit 8. Business Organizations
O
Chapter 36. Small Businesses and Franchises
Chapter 37. All Forms of Partnerships
Chapter 38. Limited Liability Companies and Special Business Forms
R
Chapter 39. Corporate Formation and Financing
Chapter 40. Corporate Directors, Officers, and Shareholders
Chapter 41. Mergers and Takeovers
EG
Chapter 42. Investor Protection, Insider Trading, and Corporate Governance
Unit Eight. Task-Based Simulation
Unit Eight. Application and Ethics
Unit 9. Government Regulation
Chapter 43. Administrative Agencies
Chapter 44. Consumer Law
U
Chapter 45. Environmental Protection
Chapter 46. Antitrust Law
ID
Chapter 47. Professional Liability and Accountability
Unit Nine. Task-Based Simulation
Unit Nine. Application and Ethics
Unit 10. Property and Its Protection
ES
Chapter 48. Personal Property and Bailments
Chapter 49. Real Property and Landlord-Tenant Law
Chapter 50. Insurance
Chapter 51. Wills and Trusts
Unit Ten. Task-Based Simulation
Unit Ten. Application and Ethics
Appendix A. How to Brief Cases and Analyze Case Problems
, Chapter 1
Introduction to Law and
Legal Reasoning
SC
N.B.: TYPE indicates that a question is new, modified, or unchanged, as
follows.
O
N A question new to this edition of the Test Bank.
+ A question modified from the previous edition of the Test Bank.
= A question included in the previous edition of the Test Bank.
R
TRUE/FALSE QUESTIONS
EG
A1. The stability and predictability of the law is essential to business activities.
j j j j j j j j j j j
ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analytic j j AICPA Critical Thinking j j
A2. Law is a body of enforceable rules governing relationships j
among individuals and between individuals and their society.
U
j j j j j j j
ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analytic AICPA Legal
ID
j j j j
A3. A breach of a contract is a failure to perform it.
j j j j j j j j j j
ANSWER: T PAGE: 3 TYPE: N
NAT: AACSB Ethics AICPA Critical Thinking
ES
j j j j j
A4. Constitutional law includes only the U.S. Constitution.
j j j j j j
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic j AICPA Legal j j
A5. A stateconstitution issupreme within the state‘s borders.
j j j j j j j j
11
