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Essentials of Business Law and the Legal Environment, Mann - Exam Preparation Test Bank (Downloadable Doc)

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Description: Test Bank for Essentials of Business Law and the Legal Environment, Mann, 10e prepares you efficiently for your upcoming exams. It contains practice test questions tailored for your textbook. Essentials of Business Law and the Legal Environment, Mann, 10e Test bank allow you to access quizzes and multiple choice questions written specifically for your course. The test bank will most likely cover the entire textbook. Thus, you will get exams for each chapter in the book. You can still take advatange of the test bank even though you are using newer or older edition of the book. Simply because the textbook content will not significantly change in ne editions. In fact, some test banks remain identical for all editions. Disclaimer: We take copyright seriously. While we do our best to adhere to all IP laws mistakes sometimes happen. Therefore, if you believe the document contains infringed material, please get in touch with us and provide your electronic signature. and upon verification the doc will be deleted.

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Chapter 1—Introduction to Law




TRUE/FALSE



1. Roscoe Pound, a distinguished American jurist, defined law as predictions of the way in which a
court will decide specific legal questions.


ANS: F PTS: 1 MSC: AACSB Analytic



2. The common law system is used in most of Europe, Scotland, and Latin America.


ANS: F PTS: 1 MSC: AACSB Analytic



3. The primary function of the law is to maintain stability in the social, political, and economic
system while simultaneously permitting change.


ANS: T PTS: 1 MSC: AACSB Analytic



4. Substantive law creates legal rights and duties.


ANS: T PTS: 1 MSC: AACSB Analytic



5. The Constitution provides that federal statutes are paramount to state constitutions and statutes.


ANS: T PTS: 1 MSC: AACSB Analytic



6. The burden of proof in a criminal case is preponderance of the evidence.


ANS: F PTS: 1 MSC: AACSB Analytic

, 7. The law does not change; it is based on unchanging and universal truths.


ANS: F PTS: 1 MSC: AACSB Analytic



8. The main categories of the law are (a) substantive and procedural, (b) public and private, and (c)
civil and criminal.


ANS: T PTS: 1 MSC: AACSB Analytic



9. Law is an instrument of social control.


ANS: T PTS: 1 MSC: AACSB Analytic



10. Under the civil law system, adversaries initiate and conduct litigation.


ANS: F PTS: 1 MSC: AACSB Analytic



11. A judge deciding a common law case must look to similar cases previously decided for guidance.


ANS: T PTS: 1 MSC: AACSB Analytic



12. The United States Constitution establishes the principle of judicial review, which divides the
government into three distinct and independent branches: the judicial, executive, and legislative
(Congress).


ANS: F PTS: 1 MSC: AACSB Analytic



13. Since the end of the nineteenth century, case law developed from court opinions has been the
primary source of new law and ordered social change in the United States.

, ANS: F PTS: 1 MSC: AACSB Analytic



14. A constitution restricts the powers of the government and specifies the rights and liberties of the
people.


ANS: T PTS: 1 MSC: AACSB Analytic



15. The Uniform Commercial Code is a federal law that applies to commercial transactions among
the states.


ANS: F PTS: 1 MSC: AACSB Analytic



16. Laws passed by Congress are the supreme law of the land in the United States and take
precedence over the United States Constitution.


ANS: F PTS: 1 MSC: AACSB Analytic



17. The final arbiter as to the constitutionality of laws passed by Congress or by the legislature of a
state is the Supreme Court of the United States.


ANS: T PTS: 1 MSC: AACSB Analytic



18. The common law system of law uses the inquisitorial system of determining disputes.


ANS: F PTS: 1 MSC: AACSB Analytic



19. Rodriguez and Compton asked a court for reformation of their contract based on a mutual
mistake. They seek an equitable remedy.


ANS: T PTS: 1 MSC: AACSB Analytic | AACSB Diversity

, 20. The principle of stare decisis gives stability to our system of jurisprudence.


ANS: T PTS: 1 MSC: AACSB Analytic



21. Once a court has decided a case, the principle of stare decisis precludes correction of erroneous
decisions.


ANS: F PTS: 1 MSC: AACSB Analytic



22. Civil law systems, as found in the State of Louisiana and countries such as Scotland, depend on
comprehensive legislative enactments.


ANS: T PTS: 1 MSC: AACSB Analytic



23. The business law topics of contracts, agency, property, and trusts are governed primarily by the
common law.


ANS: T PTS: 1 MSC: AACSB Analytic



24. One important source of law in the United States is the Restatement of law.


ANS: F PTS: 1 MSC: AACSB Analytic



25. The State of Minnesota has been negotiating with the Canadian government on issues involving
acid rain and eventually reaches an agreement with Canadian officials. This is a valid treaty under
the United States Constitution.


ANS: F PTS: 1 MSC: AACSB Reflective Thinking



26. In the United States, treaties are not subject to judicial review.

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