Test Bank for Business Law and the Regulation of Business, 14th Edition by Richard A. Mann
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Module
Business Law and the Regulation of Business 14e
Institution
Business Law And The Regulation Of Business 14e
Test Bank for Business Law and the Regulation of Business, 14e 14th Edition by Richard A. Mann, Barry S. Roberts. Full Chapters (Chap 1 to 50) test bank are included with answers.
Part I: INTRODUCTION TO LAW AND ETHICS.
1. Introduction to Law.
2. Business Ethics.
Part II: THE LEGAL ENVIRONMEN...
Indicate whether the statement is true or false.
1. All laws are derived from morals, but some moral precepts are not enforced by legal sanctions.
a. True
b. False
ANSWER: False
2. Once a court has decided a case, the principle of stare decisis precludes correction of erroneous decisions.
a. True
b. False
ANSWER: False
3. The law that creates, defines, and regulates most of our legal rights and duties is called executive law.
a. True
b. False
ANSWER: False
4. Decisions of courts of appeals are published in volumes known as "reports" or "reporters."
a. True
b. False
ANSWER: True
5. Law is an instrument intended to achieve and maintain social control.
a. True
b. False
ANSWER: True
6. An example of a treaty was issued by President Johnson in 1965 prohibiting discrimination by federal
contractors.
a. True
b. False
ANSWER: False
7. The main classifications of the law are (a) substantive and procedural, (b) public and private, and (c) civil and
criminal.
a. True
b. False
ANSWER: True
. Page 1
,Name: Class: Date:
Chapter 01 14e Mann
8. The law is a product of pure science.
a. True
b. False
ANSWER: False
9. The final arbiter as to the constitutionality of laws passed by Congress or by the legislature of a state is the
Supreme Court of the United States.
a. True
b. False
ANSWER: True
10. The terms "law" and "justice" are interchangeable.
a. True
b. False
ANSWER: False
11. The principle of stare decisis gives stability to our system of jurisprudence because it encourages consistent
decisions for similar cases.
a. True
b. False
ANSWER: True
12. The U.S. Constitution provides that federal statutes supercede provisions of state constitutions and state statutes.
a. True
b. False
ANSWER: True
13. In the United States, treaties are not subject to judicial review.
a. True
b. False
ANSWER: False
14. William Blackstone, an English jurist, defined law as “a rule of civil conduct prescribed by the supreme power in
a state, commanding what is right, and prohibiting what is wrong.”
a. True
b. False
ANSWER: True
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,Name: Class: Date:
Chapter 01 14e Mann
15. The burden of proof required in a criminal case is preponderance of the evidence.
a. True
b. False
ANSWER: False
16. The business law topics of contracts, agency, property, and trusts are governed primarily by the common law.
a. True
b. False
ANSWER: True
17. Moral concepts greatly influence the law, but morals and laws are not the same.
a. True
b. False
ANSWER: True
18. A constitution restricts the powers of the government and specifies the rights and liberties of the people.
a. True
b. False
ANSWER: True
19. A judge deciding a common law case must look for guidance to similar cases previously decided by that court or
superior courts.
a. True
b. False
ANSWER: True
20. The common law system is used in most of Canada, Asia, and South America.
a. True
b. False
ANSWER: False
21. The common law system of law uses the inquisitorial system of settling disputes.
a. True
b. False
ANSWER: False
22. Laws passed by Congress are the supreme law of the land in the United States and take precedence over all
other sources of law.
a. True
b. False
ANSWER: False
. Page 3
, Name: Class: Date:
Chapter 01 14e Mann
23. The Uniform Commercial Code is a federal law that applies to commercial transactions among the states.
a. True
b. False
ANSWER: False
24. Civil law systems, as found in the state of Louisiana and countries such as Scotland, depend on comprehensive
legislative enactments.
a. True
b. False
ANSWER: True
25. The principle of judicial review divides the government into three distinct and independent branches: judicial,
executive, and legislative.
a. True
b. False
ANSWER: False
26. Tate brings an action against Tim for damages from trespass to Tate’s property. Tate must prove the case by a
preponderance of the evidence.
a. True
b. False
ANSWER: True
27. Under the civil law system, the judiciary initiates litigation, investigates pertinent facts, and conducts the
presentation of evidence.
a. True
b. False
ANSWER: True
28. Chase and Piper asked a court for reformation of their contract based on the fact that they made a mutual
mistake. They can seek an equitable remedy.
a. True
b. False
ANSWER: True
29. Since the end of the nineteenth century, case law developed from court opinions has been the primary source of
new law and ordered social change in the United States.
a. True
b. False
ANSWER: False
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