BUSI 301 QUESTIONS AND ANSWERS LATEST UPDATE ALREADY
GRADED A+
Attorneys who are part of the executive or midlevel management team of large companies are known
as:
In-house counsel
A bill is a federal statute passed by Congress and signed into law by the president.
False
Which of the following is an example of equitable relief?
A restraining order
Which of the following is true of subject matter jurisdiction on the basis of diversity of citizenship?
In a diversity-of-citizenship case, a federal court will apply state law.
Certain courts are charged with the primary role of performing judicial review.
True
Ted is on trial for murder. The prosecution must provide ________ evidence in order to secure Ted's
conviction.
Inculpatory
In a business context, legal counsel is not only a primary and important source of information and
advice but is also solely responsible for making decisions about how to resolve a dispute.
False
Understanding which primary and secondary stakeholders will be affected is part of the ________
stage of the ethical decision-making process
Identifying impact
Ethics addresses how one should act, in a given situation, as defined by society.
True
The power granted by the supremacy clause to override a state law is called
Preemption
The Health Insurance Portability and Accountability Act (HIPAA) requires that specific policies and
record-keepers ensure the privacy of any medical information
True
In general, contracts for real estate are governed by :
, State common law
A(n) __________ is best defined as a contract that involves one promise, followed by one
performance, which then triggers a second performance from the offeror.
Unilateral contract
True or false: Statutory law is the foundation for all other law in the U.S. and is the supreme law of
the land.
False
Courts use a two-prong test to determine whether it has personal jurisdiction over an out-of-state
defendant. Which of the following
questions is likely to be asked in the second prong that deals with meeting constitutional
requirements of fairness and due process?
Does the defendant have some level of minimum contacts with the state?
Certain courts are charged with the primary task of judicial review.
True
Summary jury trials are used primarily in federal courts but have occasionally been used by state
courts when there are complex issues to
be litigated.
True
Congress may tax those activities or property that it is authorized to regulate directly under any of the
enumerated regulatory powers. (true or false)
False
The power granted by the supremacy clause to override a state law is called _____.
Preemption
A void contract is one that meets the elements required by law for an otherwise binding agreement
but is subject to a legal defense in order
to be enforceable. (true or false)
False
A contract is simply an agreement that a court of law will recognize and enforce. (true or false)
True
The state trial court in Nevada has issued a decision in which a party has been found guilty of fraud.
Should a case arise in the future
with the same basic fact situation, Nevada courts will be bound by precedent to follow the reasoning
and decision of this prior decision. (True or false)
GRADED A+
Attorneys who are part of the executive or midlevel management team of large companies are known
as:
In-house counsel
A bill is a federal statute passed by Congress and signed into law by the president.
False
Which of the following is an example of equitable relief?
A restraining order
Which of the following is true of subject matter jurisdiction on the basis of diversity of citizenship?
In a diversity-of-citizenship case, a federal court will apply state law.
Certain courts are charged with the primary role of performing judicial review.
True
Ted is on trial for murder. The prosecution must provide ________ evidence in order to secure Ted's
conviction.
Inculpatory
In a business context, legal counsel is not only a primary and important source of information and
advice but is also solely responsible for making decisions about how to resolve a dispute.
False
Understanding which primary and secondary stakeholders will be affected is part of the ________
stage of the ethical decision-making process
Identifying impact
Ethics addresses how one should act, in a given situation, as defined by society.
True
The power granted by the supremacy clause to override a state law is called
Preemption
The Health Insurance Portability and Accountability Act (HIPAA) requires that specific policies and
record-keepers ensure the privacy of any medical information
True
In general, contracts for real estate are governed by :
, State common law
A(n) __________ is best defined as a contract that involves one promise, followed by one
performance, which then triggers a second performance from the offeror.
Unilateral contract
True or false: Statutory law is the foundation for all other law in the U.S. and is the supreme law of
the land.
False
Courts use a two-prong test to determine whether it has personal jurisdiction over an out-of-state
defendant. Which of the following
questions is likely to be asked in the second prong that deals with meeting constitutional
requirements of fairness and due process?
Does the defendant have some level of minimum contacts with the state?
Certain courts are charged with the primary task of judicial review.
True
Summary jury trials are used primarily in federal courts but have occasionally been used by state
courts when there are complex issues to
be litigated.
True
Congress may tax those activities or property that it is authorized to regulate directly under any of the
enumerated regulatory powers. (true or false)
False
The power granted by the supremacy clause to override a state law is called _____.
Preemption
A void contract is one that meets the elements required by law for an otherwise binding agreement
but is subject to a legal defense in order
to be enforceable. (true or false)
False
A contract is simply an agreement that a court of law will recognize and enforce. (true or false)
True
The state trial court in Nevada has issued a decision in which a party has been found guilty of fraud.
Should a case arise in the future
with the same basic fact situation, Nevada courts will be bound by precedent to follow the reasoning
and decision of this prior decision. (True or false)
