EXTENSIVE TEST BANK for Dynamic Business
Law: The Essentials, 5th Edition
by Nancy K. Kubasek, M. Neil Browne
All-inclusive Chapters 1-25| Verified EXAM Q&As
ALL ANSWERS ARE AT THE END OF EACH CHAPTER
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, Chapter 1: An Introduction to the Fundamentals of Dynamic Business Law
1) List the purposes of the law and discuss why these purposes are necessary for an ordered society.
2) Define "stare decisis," discuss when it occurs in the legal system, and explain why stare decisis is important
to businesses and individuals.
3) Explain in what ways a treaty between a foreign country and the United States is similar to a contract.
4) Explain the function of administrative agencies and why they are necessary.List five independent agencies
and five executive agencies.
5) Judge Susie Justice, who is newly appointed to the bench, is presented with a question of law involving a cat
named Chester who scratched a neighbor's antique jalopy. The neighbor, George, demands justice in the form
of full payment from Chester's owner, Bill, and also requests that Chester be shipped to the local animal
shelter. Bill says that he should not have to pay anything because Chester had never scratched before, that
Chester should be allowed to stay in the neighborhood, and that he should be reimbursed for his legal fees by
George who is a grump and never should have brought the lawsuit. Judge Justice is perplexed and wants to
make a good decision since she is new to the bench. Describe how the judge should go about reaching a
decision. Discuss in your answer the impact of cases from other jurisdictions assuming there is no relevant law
in Judge Justice's jurisdiction. Also, assuming there is relevant law in this jurisdiction, discuss the applicable
legal standard the judge should apply if she finds a relevant statute that conflicts with earlier case law.
6) Describe contrasts between the cost-benefit school of jurisprudence and the identification with the
vulnerable school of jurisprudence.
7) Which of the following is not one of the six functional areas of business that sits on a foundation of business
law?
A) management
B) production and transportation
C) marketing
D) accounting and finance
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E) state and federal taxation
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, 8) A commercial firm that seeks to merge with another firm must obey the laws of antitrust. This is an example
of:
A) business law
B) equity
C) ethics
D) The Uniform Contracts Code
E) The International Contracts Code
9) “Guaranteeing personal freedoms” is:
A) the exclusive purpose of the law.
B) one of the numerous purposes fulfilled by the law.
C) a purpose of criminal, but not civil, law.
D) a purpose of civil, but not criminal, law.
E) a cultural, but not legal, expectation.
10) Which of the following is one of the numerous purposes fulfilled by the law?
A) Discouraging social justice
B) Limiting personal freedoms
C) Serving as a moral guide by indicating maximum expectations of citizens and organizations
D) Providing order such that one can depend on a promise or an expectation of obligations
E) Serving as a supplement to fighting
11) Which of the following is not one of the numerous purposes fulfilled by the law?
A) Providing order such that one can depend on a promise or an expectation of obligations
B) Serving as an alternative to fighting
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C) Facilitating change without requiring a rational consideration of options
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, D) Encouraging social justice
E) Serving as a moral guide by indicating minimal expectations of citizens and organizations
12) Louisville, Kentucky is debating a new business ordinance that will address sidewalks in its city. Members
of the Louisville city council do not need to concern themselves with which of the following issues?
A) Local taxes
B) Environmental standards
C) Federally-mandated restrictive covenants
D) Building codes
E) Local zoning
13) Which of the following is not a purpose of the law as set forth in the text?
A) Encouraging taxation
B) Serving as a moral guide by indicating minimal expectations of citizens and organizations
C) Encouraging social justice
D) Guaranteeing personal freedoms
E) Providing order such that one can depend on a promise or an expectation of obligations
14) When classifying law, which of the following is not a way in which law is classified?
A) National vs. international
B) Philosophical vs. ethical
C) Civil vs. criminal
D) Private vs. public
E) Federal vs. state
15) If Dalynda caused Tonya to breach a contract with a customer because she did not ship the promised
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goods, which type of law is applicable?
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A) Civil law
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4
c
Law: The Essentials, 5th Edition
by Nancy K. Kubasek, M. Neil Browne
All-inclusive Chapters 1-25| Verified EXAM Q&As
ALL ANSWERS ARE AT THE END OF EACH CHAPTER
Ar
ch
Do
1
c
, Chapter 1: An Introduction to the Fundamentals of Dynamic Business Law
1) List the purposes of the law and discuss why these purposes are necessary for an ordered society.
2) Define "stare decisis," discuss when it occurs in the legal system, and explain why stare decisis is important
to businesses and individuals.
3) Explain in what ways a treaty between a foreign country and the United States is similar to a contract.
4) Explain the function of administrative agencies and why they are necessary.List five independent agencies
and five executive agencies.
5) Judge Susie Justice, who is newly appointed to the bench, is presented with a question of law involving a cat
named Chester who scratched a neighbor's antique jalopy. The neighbor, George, demands justice in the form
of full payment from Chester's owner, Bill, and also requests that Chester be shipped to the local animal
shelter. Bill says that he should not have to pay anything because Chester had never scratched before, that
Chester should be allowed to stay in the neighborhood, and that he should be reimbursed for his legal fees by
George who is a grump and never should have brought the lawsuit. Judge Justice is perplexed and wants to
make a good decision since she is new to the bench. Describe how the judge should go about reaching a
decision. Discuss in your answer the impact of cases from other jurisdictions assuming there is no relevant law
in Judge Justice's jurisdiction. Also, assuming there is relevant law in this jurisdiction, discuss the applicable
legal standard the judge should apply if she finds a relevant statute that conflicts with earlier case law.
6) Describe contrasts between the cost-benefit school of jurisprudence and the identification with the
vulnerable school of jurisprudence.
7) Which of the following is not one of the six functional areas of business that sits on a foundation of business
law?
A) management
B) production and transportation
C) marketing
D) accounting and finance
Ar
E) state and federal taxation
ch
Do
2
c
, 8) A commercial firm that seeks to merge with another firm must obey the laws of antitrust. This is an example
of:
A) business law
B) equity
C) ethics
D) The Uniform Contracts Code
E) The International Contracts Code
9) “Guaranteeing personal freedoms” is:
A) the exclusive purpose of the law.
B) one of the numerous purposes fulfilled by the law.
C) a purpose of criminal, but not civil, law.
D) a purpose of civil, but not criminal, law.
E) a cultural, but not legal, expectation.
10) Which of the following is one of the numerous purposes fulfilled by the law?
A) Discouraging social justice
B) Limiting personal freedoms
C) Serving as a moral guide by indicating maximum expectations of citizens and organizations
D) Providing order such that one can depend on a promise or an expectation of obligations
E) Serving as a supplement to fighting
11) Which of the following is not one of the numerous purposes fulfilled by the law?
A) Providing order such that one can depend on a promise or an expectation of obligations
B) Serving as an alternative to fighting
Ar
C) Facilitating change without requiring a rational consideration of options
ch
Do
3
c
, D) Encouraging social justice
E) Serving as a moral guide by indicating minimal expectations of citizens and organizations
12) Louisville, Kentucky is debating a new business ordinance that will address sidewalks in its city. Members
of the Louisville city council do not need to concern themselves with which of the following issues?
A) Local taxes
B) Environmental standards
C) Federally-mandated restrictive covenants
D) Building codes
E) Local zoning
13) Which of the following is not a purpose of the law as set forth in the text?
A) Encouraging taxation
B) Serving as a moral guide by indicating minimal expectations of citizens and organizations
C) Encouraging social justice
D) Guaranteeing personal freedoms
E) Providing order such that one can depend on a promise or an expectation of obligations
14) When classifying law, which of the following is not a way in which law is classified?
A) National vs. international
B) Philosophical vs. ethical
C) Civil vs. criminal
D) Private vs. public
E) Federal vs. state
15) If Dalynda caused Tonya to breach a contract with a customer because she did not ship the promised
Ar
goods, which type of law is applicable?
ch
A) Civil law
Do
4
c
