Test Bank for Business Law and the Legal Environment, Version 3.0 by Don Mayer

Test Bank for Business Law and the Legal Environment Version 3.0 by Don Mayer, Daniel Warner, George Siedel, and Jethro K. Lieberman. Full Chapters test bank are included - Chapter 1 to 53 Chapter 1: Introduction to Law and Legal Systems 1.1 What Is Law? 1.2 Schools of Legal Thought 1.3 Basic Concepts and Categories of U.S. Law 1.4 Who Makes the Law 1.5 Legal and Political Systems of the World 1.6 A Sample Case 1.7 Summary and Exercises Chapter 2: Introduction to Corporate Social Responsibility and Business Ethics 2.1 What Is Ethics? 2.2 Major Ethical Perspectives 2.3 An Ethical Decision Model 2.4 Ethical Problems with Corporations and Corporate Governance 2.5 Summary and Exercises Chapter 3: Introduction to Courts and the Legal Process 3.1 State and Federal Court Systems in the United States 3.2 The Jurisdiction Issue 3.3 The Pretrial and Trial Phases 3.4 Judgment, Appeal, and Execution 3.5 Alternative Means of Resolving Disputes 3.6 Practical Considerations in Dispute Resolution 3.7 Summary and Exercises Chapter 4: Introduction to Constitutional Law and U.S. Commerce 4.1 Basics of the U.S. Constitution 4.2 The Commerce Clause 4.3 Dormant Commerce Clause 4.4 Preemption: The Supremacy Clause 4.5 Business and the Bill of Rights 4.6 Summary and Exercises Chapter 5: Introduction to Administrative Law 5.1 Agency Rationale, Creation, and Development 5.2 Agency Processes and Powers 5.3 Constraints on Agency Action 5.4 Administrative Burdens on Business Operations 5.5 Summary and Exercises Chapter 6: Introduction to Criminal Law 6.1 The Nature of Criminal Law 6.2 Types of Crimes 6.3 The Elements of Crime 6.4 Criminal Procedure 6.5 Constitutional Rights of the Accused 6.6 Summary and Exercises Chapter 7: Introduction to Tort Law 7.1 Definition and Purpose of Tort and Tort Law 7.2 Types of Torts: Intentional Torts 7.3 Types of Torts: Negligence 7.4 Types of Torts: Strict Liability 7.5 Remedies in Tort, Limitations on Remedies, and Tort Reform 7.6 Summary and Exercises Chapter 8: Introduction to Contract Law 8.1 General Perspectives on Contracts 8.2 Sources of Contract Law 8.3 Basic Taxonomy of Contracts 8.4 Summary and Exercises Chapter 9: Offer and Acceptance 9.1 The Agreement in General 9.2 The Offer 9.3 The Acceptance 9.4 Summary and Exercises Chapter 10: Real Acceptance: Free Will, Knowledge, and Capacity 10.1 Lack of Free Will: Duress and Undue Influence 10.2 Misrepresentation 10.3 Mistake 10.4 Capacity 10.5 Summary and Exercises Chapter 11: Consideration 11.1 General Perspectives on Consideration 11.2 Legal Sufficiency 11.3 Promises Enforceable without Consideration 11.4 Summary and Exercises Chapter 12: Legality 12.1 General Perspectives on Illegality 12.2 Agreements Made Illegal by Common Law 12.3 Agreements Made Illegal by Statute 12.4 Effect of Illegality and Exceptions 12.5 Summary and Exercises Chapter 13: Form and Meaning 13.1 The Statute of Frauds 13.2 The Parol Evidence Rule 13.3 Interpretation of Agreements: Legalities Versus Practicalities 13.4 Summary and Exercises Chapter 14: Third-Party Rights 14.1 Assignment of Contract Rights 14.2 Delegation of Contract Duties 14.3 Third-Party Beneficiaries 14.4 Summary and Exercises Chapter 15: Discharge of Common-Law Contract Obligations 15.1 Discharge by Performance 15.2 Discharge by Conditions 15.3 Discharge by Agreement of the Parties 15.4 Discharge by Difficulty of Performance 15.5 Other Methods of Discharge 15.6 Summary and Exercises Chapter 16: Common-Law Remedies 16.1 Theory of Contract Remedies 16.2 Promisee’s Interests Protected by Contract 16.3 Legal Remedies: Damages 16.4 Equitable Remedies 16.5 Limitations on Contract Remedies 16.6 Summary and Exercises Chapter 17: Bailments and the Storage, Shipment, and Leasing of Goods 17.1 Introduction to Bailment Law 17.2 Liability of the Parties to a Bailment 17.3 The Storage and Shipping of Goods 17.4 Negotiation and Transfer of Documents of Title (or Commodity Paper) 17.5 Summary and Exercises Chapter 18: Introduction to Sales and Leases 18.1 Commercial Transactions: The Uniform Commercial Code 18.2 Introduction to Sales and Lease Law, and the Convention on Contracts for the International Sale of Goods 18.3 Sales Law Compared with Common-Law Contracts and the CISG 18.4 General Obligations Under UCC Article 2 18.5 Summary and Exercises Chapter 19: Title and Risk of Loss 19.1 Transfer of Title 19.2 Title from Nonowners 19.3 Risk of Loss 19.4 Summary and Exercises Chapter 20: Sales Contracts Performance and Remedies 20.1 Sales: Performance by the Seller 20.2 Sales: Performance by Buyer 20.3 Sales: Excuses for Nonperformance 20.4 Sales: Remedies 20.5 Summary and Exercises Chapter 21: Products Liability 21.1 Introduction: Why Products Liability Law Is Important 21.2 Warranties 21.3 Negligence 21.4 Strict Liability in Tort 21.5 Tort Reform 21.6 Summary and Exercises Chapter 22: Nature and Form of Commercial Paper 22.1 Introduction to Commercial Paper 22.2 Scope of Article 3 and Types of Commercial Paper and Parties 22.3 Requirements for Negotiability 22.4 Summary and Exercises Chapter 23: Negotiation of Commercial Paper 23.1 Transfer and Negotiation of Commercial Paper 23.2 Indorsements 23.3 Problems and Issues in Negotiation 23.4 Summary and Exercises Chapter 24: Holder in Due Course and Defenses 24.1 Holder in Due Course 24.2 HDC Defenses and Rules in Consumer Transactions 24.3 Summary and Exercises Chapter 25: Liability and Discharge of Commercial Paper 25.1 Liability Imposed by Signature: Agents, Authorized and Unauthorized 25.2 Contract Liability of Parties 25.3 Warranty Liability of Parties 25.4 Discharge 25.5 Summary and Exercises Chapter 26: Legal Aspects of Banking 26.1 Banks and Their Customers 26.2 Electronic Funds Transfers 26.3 Wholesale Transactions and Letters of Credit 26.4 Summary and Exercises Chapter 27: Consumer Credit Transactions 27.1 Entering into a Credit Transaction 27.2 Consumer Credit Protection Laws and Debt-Collection Practices 27.3 Summary and Exercises Chapter 28: Secured Transactions and Suretyship 28.1 Introduction to Secured Transactions and to Attachment 28.2 Perfection of the Security Interest 28.3 Priorities 28.4 Rights of Creditor on Default and Disposition after Repossession 28.5 Suretyship 28.6 Summary and Exercises Chapter 29: Mortgages and Nonconsensual Liens 29.1 Uses, History, and Creation of Mortgages 29.2 Priority, Termination of the Mortgage, and Other Methods of Using Real Estate as Security 29.3 Nonconsensual Liens 29.4 Summary and Exercises Chapter 30: Bankruptcy 30.1 Introduction to Bankruptcy and Overview of the 2005 Bankruptcy Act 30.2 Case Administration; Creditors’ Claims; Debtors’ Exemptions and Dischargeable Debts; Debtor’s Estate 30.3 Chapter 7 Liquidation 30.4 Chapter 11 and Chapter 13 Bankruptcies 30.5 Alternatives to Bankruptcy 30.6 Summary and Exercises Chapter 31: Introduction to Property: Personal Property and Fixtures 31.1 The General Nature of Property Rights 31.2 Personal Property 31.3 Fixtures 31.4 Summary and Exercises Chapter 32: Intellectual Property 32.1 Patents 32.2 Trade Secrets 32.3 Copyright 32.4 Trademarks 32.5 Summary and Exercises Chapter 33: Regulation of Real Estate 33.1 Estates 33.2 Rights in Land Ownership: Estates, Easements, Licenses 33.3 Regulation of Land Use 33.4 Summary and Exercises Chapter 34: Environmental Law 34.1 The Growth of Environmentalism 34.2 Major Federal and State Legislation 34.3 The Future of Environmentalism 34.4 Summary and Exercises Chapter 35: The Transfer of Real Estate by Sale 35.1 Forms of Ownership 35.2 Brokers, Contracts, Proof of Title, and Closing 35.3 Adverse Possession 35.4 Summary and Exercises Chapter 36: Landlord and Tenant Law 36.1 Types and Creation of Leasehold Estates 36.2 Rights and Duties of Landlords and Tenants 36.3 Landlord’s Tort Liability 36.4 Summary and Exercises Chapter 37: Estate Planning: Wills, Estates, and Trusts 37.1 Wills and Estate Administration 37.2 Trusts 37.3 Factors Affecting Estates and Trusts 37.4 Summary and Exercises Chapter 38: Insurance 38.1 Definitions and Types of Insurance 38.2 Property Insurance, Liability Insurance, and Life Insurance 38.3 Insurer’s Defenses 38.4 Summary and Exercises Chapter 39: Relationships Between Principal and Agent 39.1 Introduction to Agency and the Types of Agents 39.2 Duties Between Agent and Principal 39.3 Summary and Exercises Chapter 40: Liability of Principal and Agent; Termination of Agency 40.1 Principal’s Tort and Criminal Liabilities 40.2 Principal’s Contract Liability 40.3 Agent’s Personal Liability for Torts and Contracts; Termination of Agency 40.4 Summary and Exercises Chapter 41: Partnerships: General Characteristics and Formation 41.1 Introduction to Partnerships and Entity Theory 41.2 Partnership Formation 41.3 Summary and Exercises Chapter 42: Partnership Operation and Termination 42.1 Operation: Relations Among Partners 42.2 Operation: The Partnership and Third Parties 42.3 Dissolution and Winding Up 42.4 Summary and Exercises Chapter 43: Hybrid Business Forms 43.1 Limited Partnerships 43.2 Limited Liability Companies 43.3 Other Forms 43.4 Summary and Exercises Chapter 44: Corporation: General Characteristics and Formation 44.1 Historical Background 44.2 Partnerships versus Corporations 44.3 The Corporate Veil: The Corporation as a Legal Entity 44.4 Classifications of Corporations 44.5 Corporate Organization 44.6 Effect of Organization: Limited Liability 44.7 Summary and Exercises Chapter 45: Legal Aspects of Corporate Finance 45.1 Sources of Corporate Funds 45.2 Types of Stock 45.3 Initial Public Offerings and Consideration for Stock 45.4 Dividends 45.5 Summary and Exercises Chapter 46: Corporate Expansion, State and Federal Regulation of Foreign Corporations, and Corporate Dissolution 46.1 Corporate Expansion 46.2 Foreign Corporations 46.3 Dissolution 46.4 Summary and Exercises Chapter 47: Corporate Powers and Management 47.1 Powers of a Corporation 47.2 Rights of Shareholders 47.3 Duties and Powers of Directors and Officers 47.4 Liability of Directors and Officers 47.5 Summary and Exercises Chapter 48: Securities Regulation 48.1 Introduction to Securities Regulation 48.2 Liability Under the Securities Laws 48.3 Summary and Exercises Chapter 49: Antitrust Law 49.1 History and Basic Framework of Antitrust Laws in the United States 49.2 Horizontal and Vertical Restraints of Trade 49.3 Sherman Act, Section 2: Monopolies and Monopolization 49.4 Acquisitions and Mergers Under Section 7 of the Clayton Act 49.5 Summary and Exercises Chapter 50: Unfair Trade Practices, the Federal Trade Commission, and Consumer Protection Laws 50.1 The Federal Trade Commission and “Little FTCs” 50.2 Deceptive Acts and Practices in Advertising 50.3 Unfair Trade Practices 50.4 Other Consumer Protection Laws and Remedies 50.5 Summary and Exercises Chapter 51: Employment Law 51.1 Employment at Will 51.2 Labor-Management Relations 51.3 Federal Employment Discrimination Laws 51.4 Other Employment-Related Laws 51.5 Summary and Exercises Chapter 52: International Law 52.1 Introduction to International Law 52.2 Sources of International Law 52.3 Important Doctrines of Nation-State Jurisprudence 52.4 Doing Business Internationally and Regulation of International Trade 52.5 Summary and Exercises Chapter 53: Liability and Regulation of Accountants 53.1 Why Regulation of Accountants Is Necessary 53.2 Common-Law Liability 53.3 Federal Statutory Liability 53.4 State Regulation Affecting Accountants, and Other Duties Owed to Clients