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BUSINESS L 110 Business Law Final Practice Questions and Answers,100% CORRECT

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BUSINESS L 110 Business Law Final Practice Questions
and Answers
1 Business law consists of the enforceable rules of conductthat
govern commercial relationships.
True

2 Because of the law, we rely on the goodwill and
dependability of one another.
False

3 Public law controls disputes between private individuals or
between groups and their government.
True

4 Cyberlaw is based primarily on existing laws.True

5 Another name for case law is common law.True

6 Case law interpretations are law unless they are revokedlater
by new statutory law.
True

7 The term "stare decisis" means "reversing the decision."False

8 The decision of a state supreme court is binding on a lowerstate
court located in the state.
True

9 Constitutions and statutes are complete in the sense of
covering the detailed rules that affect government and business
relations.
False

10 Presidents claim the power to issue executive orders on the
basis of their Article II, Section 1, constitutional power to"take care
that the laws be faithfully executed."
True

,11 The term "natural law" is another word for "legal
positivism."
False

12 Joan comes to Mike's law office to ask him about the law inregard
to dogs running at large in her neighborhood. Mike tells Joan that
he will research the issue and get back with her. Where should Mike
look first in order to locate applicablelaw?
State Statutes

13 Which of the following refers to the ability to understand the
structure of what someone is saying and then apply a setof criteria
to evaluate its worth?
Critical Thinking Skills

14 Which of the following would be relevant areas of
business law to a human resource manager?
Contracts, employment and labor law, and employment
discrimination

15 Laws are enforced by which of the following?
Courts

16 A majority of citizens in a democracy can agree to permitcertain
authorities to make and enforce rules describing what behavior is
permitted and encouraged in their community. These rules are
what we refer to as the .
Law

17 Assume a business person who owns a computer equipment
store is delinquent in paying rent to the landlord.The resulting
dispute focuses on law.
Private law

18 If a computer store dumps waste behind its building in violation
of local, state, or federal environmental regulations,the resulting
dispute focuses on law.
Public

,19 Which type of law delineates the rights and responsibilities
involved in relationships between personsand their
government?
Civil

20 Which type of law involves incidents in which someone
commits an act against the public as a unit?
Criminal

21 Assume a restaurant chain is forced to pay damages for
breach of contract to a supplier. What type of law is involved?
Private law and civil law

22 Assume the Securities and Exchange Commission prosecutes
someone for insider trading. This prosecution isan example of
law.
Criminal

"The Stolen Book." Susan is told by Betty that Bob stole her
business law book out of her car. The next day Susan confronts Bob
and slaps him for stealing her book. Bob had Susan arrested for
slapping him, and the local district attorney is prepared to
prosecute that matter on behalf of the state. Susan sues Bob for
damages to the book and for maliciously having her arrested.
Claiming that she lied, Bobsues Betty for defamation.

23 Which of the following is true regarding Susan's claim against
Bob for damages involving the book and her claimthat Bob
maliciously had her arrested?
The claim for damages involving the book and also the claimthat
Bob maliciously had her arrested are civil claims involving private
law.

24 The prosecution against Susan for slapping Bob involves
which of the following?
Public law and criminal law

, 25 The action Bob has against Betty for defamation involveswhich
of the following?
Civil law and Private law

"Inattentive Driving." Molly, a first year law student, decided to skip
class and drive off campus to check on her new dress for the
upcoming school dance. While driving, Molly is busy talking on her
cell phone with her friend Sharon to convince her to going to the
dance with Molly's brother who has a big crush on Sharon.
Unfortunately for Molly, there is a statute inher state outlawing
talking on a cell phone while operating a motor vehicle. Molly
crashes into the side of Sam's new convertible when she looks
down to pick up a can of soda she just dropped onto her new jeans.
A police officer just down the street comes over to investigate.
Molly explains to him that it was difficult to hold the cell phone in
one hand, the soda in the other, and also drive. The officer was not
impressed. Around that time Sam comes along. He is furious
regarding the significant dent in his new car. Molly says she has
insurance and that she will cover the whole incident.
Sam says that is insufficient; but Molly says that under case
precedent, that is his only remedy. The officer is annoyed because it
is his lunch break. He tells Molly that she must obey duly authorized
law, and proceeds to write several citations to her.

26 Which type of law is involved in the above situation
considering Molly's interaction with both the officer andSam?
Public law, private law, civil law, and criminal law

27 Which of the following is true regarding Molly's
predicament?
Molly can be sued in a civil action by Sam, and she can alsobe
prosecuted by the government for a criminal violation.

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