Legal Environment of Business (LSTD 2106): Final Exam Question and answers already passed
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Course
LSTD 2106
Institution
LSTD 2106
Legal Environment of Business (LSTD 2106): Final Exam Question and answers already passed
The origins of recorded law are cited by the textbook as being: - correct answer A collection of rules of tribal chieftains to perpetuate their power
Diversity of citizenship jurisdiction involves a c...
Legal Enviroment of Buisness (LSTD
2106): Final Exam Question and answers
already passed
The origins of recorded law are cited by the textbook as being: - correct
answer ✔A collection of rules of tribal chieftains to perpetuate their power
Diversity of citizenship jurisdiction involves a case - correct answer ✔in
federal court with diverse legal theories and a controversy over $75,000.
The U.S. system of common law is deep-seated in the French common law
established by the Norman kings around 1066.
True or False - correct answer ✔False
In the typical business context, ADR is invoked either via contract or by
mutual agreement.
True or False - correct answer ✔True
Most companies employ in-house counsel for their legal needs
True or False - correct answer ✔False
A court may hear a case if it has jurisdiction over either the subject matter of
the dispute or the parties in the case.
True or False - correct answer ✔False
Formal action in a lawsuit begins when the plaintiff files a _______ - correct
answer ✔summons and complaint
, Which law requires courts to enforce arbitration awards? - correct answer
✔The Federal Arbitration Act
Substantive due process requires that a state statute must be published for
public inspection and be clear and specific. - correct answer ✔True
The principal difference between in rem and in personam jurisdiction is -
correct answer ✔in rem jurisdiction is used by federal courts, in personam
jurisdiction is used by state courts
Not all courts have the authority to hear all cases.
True or False - correct answer ✔True
In recent years, the Supreme Court of the United States has generally
accepted only about 10 percent of the petitions for a writ of certiorari made to
the Court each year.
True or False - correct answer ✔False
Jurisprudence is roughly defined as the science and philosophy of law.
True or False - correct answer ✔True
Typically, political speech by corporations is fully protected by the First
Amendment. - correct answer ✔True
Which of the following must a court have to exercise jurisdiction over a
matter? - correct answer ✔Personal jurisdiction and subject matter
jurisdiction
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