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Business law exam 1 Auburn Acct 2700 Study Guide Solutions Niether congress nor any state can pass a law that is - ANSWER-in conflict with the constitution We have a Federal form of government which means that - ANSWER-the national government and the states share sovereign power State regulat...

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  • November 12, 2024
  • 14
  • 2024/2025
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Business law exam 1 Auburn Acct 2700
Study Guide Solutions

Niether congress nor any state can pass a law that is - ANSWER✔✔-in conflict with the

constitution


We have a Federal form of government which means that - ANSWER✔✔-the national

government and the states share sovereign power


State regulatory powers are referred to as - ANSWER✔✔-Police Powers


Dormant commerce clause - ANSWER✔✔-The negative aspect of the commerce clause

which implies that the states do not have the power to regulate interstate commerce


Legal persons vs. natural persons - ANSWER✔✔-natural persons are individuals who

benefit from all ten privileges in the bill of rights, legal persons include business which

count as legal entities and benefit from SOME of the freedoms listed in the bill of rights


One primary source of American law is: - ANSWER✔✔-U.S. Constitution


T/F: State constitutions are a primary source of law - ANSWER✔✔-True


Law based on documents setting forth the general organization, powers, and limits of

the government is called - ANSWER✔✔-Constitutional Law

Copyright ©EMILYCHARLENE2025. ALL RIGHTS RESERVED
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, Of the US laws, the Constitution is - ANSWER✔✔-Supreme


If the supreme court determines that a state criminal law violates the fourth

amendment, that law will be declared - ANSWER✔✔-unconstitutional


Statutes, primary sources of law come from ______ and state and local ________. -

ANSWER✔✔-congress; legislatures


T/F Federal statutes do not apply to states, only to the Federal Government -

ANSWER✔✔-false


The _____ is a uniform law adopted by all states, that facilitates business transactions -

ANSWER✔✔-Uniform commercial code


Administrative agencies are created to - ANSWER✔✔-perform specific government

functions delegated to them by the legislature


The Federal Trade Commision is an example of - ANSWER✔✔-an independent

regulatory agency


T/F In the English system, remedies at law consisted of any action or order that would

correct the wrong - ANSWER✔✔-False


Remedies in ______ include specific performance - ANSWER✔✔-equity


t/f: A precedent is a decision that furnishes an example or authority for deciding

subsequent cases involving similar legal principles and facts. - ANSWER✔✔-True


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