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LEGL 2700 Test 1 Quizzes
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LEGL 2700 Test 1 Quizzes
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LEGL 2700 Test 1 Quizzes"Law" and "Rule of Law" are the same thing. - -False
-Most people are more likely to do business in a country with a strong
history of Rule of Law. - -True
-"Resources" are what you own while "Property Rights" are your ability to
keep others from interfering with what you own. - -True
-In the hierarchy of laws, the only thing higher than a ruling from the
Supreme Court is a local ordinance. This is because what happens locally is
more important than what 9 people in Washington DC decide. - -False
-"Corporate Governance" refers to the way Congress passes laws to favor
corporations over other types of legal entities. The effect is this often
disadvantages small businesses. - -False
-Stare decisis is the concept that all laws must be written by a duly elected
legislature that represents the interests of the electorate. - -False
-The Constitution replaced the Magna Carta which was keeping U.S. citizens
subordinate to the King of England. - -False
-Federalism refers to: - -Vertical separation of powers between the federal
and state governments
-The idea that states cannot pass laws that discriminate against other states
even if the federal government does not have laws that preempt the state
laws is known as: - -Dormant Commerce Clause
-The 27 Amendments to the Constitution are referred to as the "Bill of
Rights." - -False
-The Free Speech clause of the 1st Amendment addresses the only freedom
that is truly absolute where there can be NO restrictions by the federal
government whatsoever. - -False
-Eminent Domain cases have a 5 part test: 1) Taking, 2) Public Use, 3) Just
Compensation, 4) Marketable Property, 5) Fundamental Fairness - -False
-Free Speech (as protected by the 1st Amendment to the Constitution) is
limited to spoken words and printed material. - -False
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