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Test Bank For Business Law 15th Edition Clarkson, All Chapters ||Complete A+ Guide
Test Bank For Business Law 15th Edition Clarkson, All Chapters ||Complete A+ Guide
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Chapter 1 mIntroduction to Law andLegal Reasoning m m m m m
N.B.: TYPEindicates that a question is new, modified, or unchanged, as
mm m m m m m m m m m m
follows.
m
N A question new to this edition of the Test Bank.
m m m m m m m m m
+ A question modified from the previous edition of the Test Bank.
m m m m m m m m m m
= A question included in the previous edition of the Test Bank.
m m m m m m m m m m
TRUE/FALSE QUESTIONS m
A1. The stability and predictability of the law is essential to business activities.
m m m m m m m m m m m
ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analytic m m AICPA Critical Thinking m m
A2. Law is a body of enforceable rules governing relationships among m
individuals and between individuals and their society.
m m m m m m m
ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analytic m m AICPA
m Legal A3.m A breach of
m m
m a contract is a failure to perform it.
m m m m m m m
ANSWER: T PAGE: 3 TYPE: N
NAT: AACSB Ethics m m AICPA Critical Thinking m m
A4.
m Constitutional law includes only the U.S. Constitution.
m m m m m m
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analyticm AICPA Legal
m m
A5. A state constitution is supreme within the state‘s borders.
m m m m m m m m
11
,12
ANSWER: T PAGE: 4 TYPE: =
NAT: AACSB Analytic
m m AICPA Legal m
m A6. Whether a law is constitutional depends on its source.
m m m m m m m m
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic
m m AICPA Legal m
A7. Uniform laws apply in all states, including those in which the laws have not
m m m m m m m m m m m m m
been adopted.
m m
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic
m m AICPA Legal m
A8. A state law that conflicts with the U.S. Constitution will be deemed
m m m m m m m m m m m
unconstitutional.
m
ANSWER: T PAGE: 4 TYPE: =
NAT: AACSB Analytic
m m AICPA
m Legal A9. m Statutory law m
does not include county ordinances.
m m m m m
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Reflective
m m AICPA Legal m
A10. No state has adopted the Uniform Commercial Code in its entirety.
m m m m m m m m m m
ANSWER: F PAGE: 5 TYPE: =
NAT: AACSB Reflective
m m AICPA Legal m
A11. Common law is a term for law that is common throughout the world.
m m m m m m m m m m m m
ANSWER: F PAGE: 7 TYPE: =
NAT: AACSB Analytic
m m AICPA Critical Thinking m m
A12. Damages is a remedy at law. m m m m m
ANSWER: T PAGE: 7 TYPE: =
NAT: AACSB Analytic
m m AICPA Legal m
A13. Remedies in equity include injunctions and decrees of specific performance.
m m m m m m m m m
, 13
ANSWER: T PAGE: 7 TYPE: =
NAT: AACSB Analytic m m AICPA Legal m
A14. In most states, the courts no longer grant ―equitable‖ remedies.
m m m m m m m m m
ANSWER: F PAGE: 8 TYPE: =
NAT: AACSB Analytic m m AICPA Legal m
A15. A defendant is a person against whom a lawsuit is brought.
m m m m m m m m m m
ANSWER: T PAGE: 8 TYPE: =
NAT: AACSB Analytic m m AICPA
m Legal A16.
m Courts do m
m not depart from precedents.
m m m
ANSWER: F PAGE: 9 TYPE: =
NAT: AACSB Reflective m m AICPA Critical Thinking
m m
A17. A judge‘s function is to make the law.
m m m m m m m m
ANSWER: F PAGE: 13 TYPE: N
NAT: AACSB Analytic m m AICPA mm m Legal
m A18. Criminal law focuses on duties that exist between persons.
m m m m m m m m
ANSWER: F PAGE: 14 TYPE: =
NAT: AACSB Analytic m m AICPA Legal m
A19. A reference to ―28 U.S.C. Section 1332‖ means that a statute can be
m m m m m m m m m m m m
found in section 1332 of title 28 of the United States Code.
m m m m m m m m m m m m
ANSWER: T PAGE: 15 TYPE: =
NAT: AACSB Analytic m m AICPA
m Research A20. m Most state trial
m m
m court decisions are not published.
m m m m
ANSWER: T PAGE: 16 TYPE: =
NAT: AACSB Analytic m m AICPA Research m
MULTIPLE CHOICE QUESTIONS m m
, 14
A1. The legislature of the state of Mississippi enacts a new statute that sets
m m m m m m m m m m m m m
standards for the liability of businesses selling defective products. This
m m m m m m m m m m
statute applies
m m
a. only in Mississippi.
m m
b. only in Mississippi and its border states.
m m m m m m
c. in all states.
m m
d. in all states but only to matters not covered by other states‘ laws.
m m m m m m m m m m m m
ANSWER: A PAGE: 4 TYPE: N
NAT: AACSB Reflective m m AICPA Critical Thinking m m
A2. Lewis is a state court judge. Like other judges, Lewis often
m m m m m m m m m m m m m refers m m to
secondary sources of law for guidance. These sources include
m m m m m m m m m
a. official comments to statute.
m m m
b. other states‘ statutes.
m m
c. state constitutions.
m
d. the U.S. Constitution.
m m
ANSWER: A PAGE: 4 TYPE: N
NAT: AACSB Reflective m m AICPA Legal m
A3. m m Hawaii enacts a state law that violates the U.S. Constitution. This law
m m m m m m m m m m m
mcan be enforced by
m m m
a. no one. m
b. the federal government only.
m m m
c. the state of Hawaii only.
m m m m
d. the United States Supreme Court only.
m m m m m
ANSWER: A PAGE: 4 TYPE: =
NAT: AACSB Reflective m m AICPA Legal m
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