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Smith and
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Roberson’s Business
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Law 18th Edition
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TEST BANK
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Richard A. Mann, Barry S. Roberts
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Comprehensive Test Bank for Instructors
and Students
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9780357364000
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© Richard A. Mann & Barry S. Roberts. All rights reserved.
Reproduction or distribution without permission is prohibited.
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TABLE OF CONTENTS
Test Bank – Smith and Roberson’s Business Law (18th Edition)
Authors: Richard A. Mann and Barry S. Roberts
ISBN: 9780357364000
PART 1: THE LEGAL ENVIRONMENT OF BUSINESS
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Chapter 1: Introduction to Law
Chapter 2: Business Ethics
Chapter 3: Civil Dispute Resolution
Chapter 4: Constitutional Law
Chapter 5: Administrative Law
Chapter 6: Criminal Law
Chapter 7: Intentional Torts
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Chapter 8: Negligence and Strict Liability
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PART 2: CONTRACTS
Chapter 9: Introduction to Contracts
Chapter 10: Mutual Assent
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Chapter 11: Conduct Invalidating Assent
Chapter 12: Consideration
Chapter 13: Illegal Bargains
Chapter 14: Contractual Capacity
Chapter 15: Contracts in Writing
Chapter 16: Third Parties
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Chapter 17: Performance, Breach, and Discharge
Chapter 18: Contract Remedies
PART 3: AGENCY
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Chapter 19: Relationship of Principal and Agent
Chapter 20: Relationship with Third Parties
PART 4: SALES
Chapter 21: Introduction to Sales and Leases
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Chapter 22: Performance
Chapter 23: Transfer of Title and Risk of Loss
Chapter 24: Products Liability: Warranties and Strict Liability
Chapter 25: Sales Remedies
PART 5: NEGOTIABLE INSTRUMENTS
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Chapter 26: Form and Content
Chapter 27: Transfer and Holder in Due Course
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Chapter 28: Liability of Parties
Chapter 29: Bank Deposits, Collections, and Funds Transfers
PART 6 & 7: BUSINESS ASSOCIATIONS
Chapter 30: Relationship of Partners to One Another and to Third Parties
Chapter 31: Dissolution, Winding Up, and Termination of General Partnerships
Chapter 32: Limited Partnerships and Limited Liability Companies
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Chapter 33: Nature and Formation of Corporations
Chapter 34: Financial Structure
Chapter 35: Management Structure
Chapter 36: Fundamental Changes
PART 8: DEBTOR AND CREDITOR RELATIONS
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Chapter 37: Secured Transactions
Chapter 38: Bankruptcy
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PART 9: REGULATION OF BUSINESS
Chapter 39: Intellectual Property
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Chapter 40: Antitrust
Chapter 41: Consumer Protection
Chapter 42: Employment Law
Chapter 43: Securities Regulation
Chapter 44: Accountants’ Liability
Chapter 45: Environmental Law
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Chapter 46: International Business Law
PART 10: PROPERTY
Chapter 47: Introduction to Property and Property Insurance
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Chapter 48: Interests in Real Property
Chapter 49: Transfer of Real Property
Chapter 50: Trusts and Decedents’ Estates
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Smith and Roberson Business Law 18th Richard A. Mann, Barry S. Roberts Chapter 1-50
with Part 1-10
Chapter 01: Introduction to Law
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True / False
1. Both Supreme Court Justice Oliver Wendell Holmes and William Blackstone, an English jurist, defined law as ―rules of
civil conduct prescribed by the supreme power of a state, commanding what is right and prohibiting what is wrong.‖
a. True
b. False
ANSWER: False
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FEEDBACK: Correct English jurist Blackstone defined law as ―a rule of civil conduct prescribed by the
supreme power in a state, commanding what is right, and prohibiting what is
A
wrong."
Incorrect English jurist Blackstone defined law as ―a rule of civil conduct prescribed by the
supreme power in a state, commanding what is right, and prohibiting what is
wrong."
POINTS: 1
CAOP
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: BLAW.MANN.23.1.1.1 - Define business law.
NATIONAL STANDARDS: United States - AICPA: BB-Risk Analysis
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STATE STANDARDS: United States - NC - AICPA BB-Legal
TOPICS: A-Head: Nature of Law
KEYWORDS: Bloom's: Remember
DATE CREATED: 10/1/2021 11:05 AM
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DATE MODIFIED: 10/6/2021 1:44 PM
2. Laws are always based on moral concepts.
a. True
b. False
ANSWER: False
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FEEDBACK: Correct Law reflects the social, economic, political, religious, and moral philosophy of
society.
Incorrect Law reflects the social, economic, political, religious, and moral philosophy of
society.
POINTS: 1
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DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: BLAW.MANN.23.1.1.1 - Define business law.
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