Test Bank for Business Law Text and Cases, 15th Edition by Kenneth W. Clarkson (1).pdf

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TRUE/FALSE m m m m

Clarkson
m m m m m m




1 :mIn mthemUnitedmStates,mthemlaw mconsistsmof mwritten mlawsmandmcourtmdecisions.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mA

2 :mThemlegal mrulesmthatmcontrol mambusiness’smactionsmreflectmpastmandmcurrentmthinkingmaboutmh
ow msimilarmbusinessesmshouldmandmshouldmnotmact.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mA

3 :mBecausemlawsmmaymchange,mthemabilitymtomanalyzemandmevaluatemthemlegalmramificationsm
of msituationsmasmtheymarisemismnotmamlastingmskill.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mB

4 :mThemstudymof mbusinessmlaw mdoesmnotminvolveman methical mdimension.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mB

5 :mCompartmentalizingmthemlawmintomdiscretemtopicsmindicatesmthatmeachmbusinessmtransactionm
ismsubjectmtomonlymonemspecificmareamof mthemlaw.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mB

6 :mAmconstitution mismamprimarymsourcemof mlaw.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mA

7 :mAmstatutemismamsecondarymsourcemof mlaw.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mB

8 :mAmsecondarymsourcemof mlaw mestablishesmthemlaw mon mamparticularmissue.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mB

mynursytest.store 1m/m11

,DOWNLOAD THE Test Bank for Business Law Text and Cases 15th Edition
m m m m m m m m m m m


9 : Courts often refer to secondary sourceCsloaf r
m m m m m m lakwsfo
m orngu idan ce in interpreting and applying
m m m m m

amprimarymsourcemof mlaw.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mA

10 :mEven mif mitmconflictsmwithmthemU.S.mConstitution,mamstatemconstitutionmismsuprememwithinmth
atmstates’ mborders.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mB

11 :mThemU.S.mConstitution mismthembasismof mall mlaw min mthemUnitedmStates.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mA

12 :mOnlymif mamstatemlegislaturemadoptsmamuniformmlawmdoesmthatmlaw mbecomempartmof mthemstatut
orymlaw mof mthatmstate.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mA

13 :mAmcitation mismamregulation menactedmbymamcitymormcountymlegislativembody.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mB

14 :mAmlocal mordinancemcommonlymhasmtomdomwith mammattermconcerningmonlymamlocal mgoverningmunit.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mA

15 :mAmfederal mstatutemappliesmonlymtomthosemstatesmthatmagreemtomapplymitmwithin mtheirmborders.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mB

16 :mCongressmormamstatemlegislaturemestablishesmanmadministrativemagencymtomperformmamspecif
icmfunction.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mA

mynursytest.store 2m/m11

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Bm:mfalse

CorrectmAnswerm:mB

18 :mRulesmissuedmbymadministrativemagenciesmaffectmalmostmeverymaspectmof mambusiness
’smoperations.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mA

19 :mFederal magencymregulationsmdomnotmtakemprecedencemovermconflictingmstatemregulations.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mB

20 :mAdministrativemlaw mplaysmamrelativelyminsignificantmroleminmthemregulatorymenvironmentm
of mbusiness.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mB

21 :mThemdoctrinesmandmprinciplesmannouncedminmcourtmdecisionsmgovernmallmareasmnotmcoveredm
bymstatutorymormadministrativemlaw.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mA

22 :mThemcommon mlaw mismambodymof mlaw mdevelopedmfrommjudicial mdecisions.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mA

23 :mAmcourtmshouldmoverturn mitsmprecedentsmunlessmtheremismamcompellingmreason mnotmto.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mB

24 :mControllingmprecedentsmarembindingmauthorities.
Am:mtrue
Bm:mfalse

CorrectmAnswerm:mA

25 :mAmcasemof mfirstmimpression mismanymlegal mauthoritymormsourcemof mlaw mthatmamcourtmmaymlookmtomfor
guidancembutmneedmnotmfollow mwhen mmakingmitsmdecision.
mynursytest.store 3m/m11