BUSI LAW - EXAM 1 UPDATED ACTUAL Exam Questions and CORRECT Answers
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Course
BUSI LAW
Institution
BUSI LAW
BUSI LAW - EXAM 1 UPDATED
ACTUAL Exam Questions and CORRECT
Answers
The study of business law does not involve ethical dimension. True or false? - CORRECT
ANSWER- False
A state constitution is a primary source of law. True or false? - CORRECT ANSWER-
True
Even if it conflicts with the U.S...
BUSI LAW - EXAM 1 UPDATED
ACTUAL Exam Questions and CORRECT
Answers
The study of business law does not involve ethical dimension. True or false? - CORRECT
ANSWER✔✔- False
A state constitution is a primary source of law. True or false? - CORRECT ANSWER✔✔-
True
Even if it conflicts with the U.S. constitution, a state constitution is supreme within that
state's borders. True or false? - CORRECT ANSWER✔✔- False
A federal statute applies only to those states that agree to apply it within their borders. True or
false? - CORRECT ANSWER✔✔- False
Common law is a body of law developed from judicial decisions and the principles
established in those judicial decisions. True or false? - CORRECT ANSWER✔✔- True
Primary sources of law include:
A. Legal encyclopedias
B. Official comments to statutes
C. Common law
D. Legal treatises - CORRECT ANSWER✔✔- Common law
Stare decisis is best defined as:
A. A doctrine under which judges follow established precedents
B. The authority to decide a specific dispute
C. A judicial proceeding to redress a wrong - CORRECT ANSWER✔✔- A doctrine under
which judges follow established precedents
, Once a court has applied a principle to a certain set of facts, that principle must generally be
applied in future cases involving:
A. Different facts
B. Similar facts
C. Any facts
D. No particular facts - CORRECT ANSWER✔✔- Similar facts
At one time, a court of law could grant as a remedy only:
A. Monetary damages
B. An order to perform a contract as promised
C. A judicial proceeding for the resolution of dispute
D. An injunction - CORRECT ANSWER✔✔- Monetary damages
In the American governmental system, applying the laws to specific situations is the essential
role of Congress. True or false? - CORRECT ANSWER✔✔- False
Any court can exercise jurisdiction over any person. True or false? - CORRECT
ANSWER✔✔- False
Under a state's long-arm statute, a court can exercise jurisdiction only over certain
nonresidents. True or false? - CORRECT ANSWER✔✔- True
The amount of business a corporation does within a state can serve to subject or exempt the
corporation from that state's jurisdiction. True or false? - CORRECT ANSWER✔✔- True
A federal court will apply federal law in a case involving a federal question. True or False? -
CORRECT ANSWER✔✔- True
A federal court will apply the relevant state law in a diversity of citizenship case. True or
False? - CORRECT ANSWER✔✔- True
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