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Test Bank for Essentials of Business Law: 2024 Release by Anthony Liuzzo

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Test Bank for Essentials of Business Law: 2024 Release Evergreen 11e 11th Edition by Anthony Liuzzo, Ruth Calhoun Hughes. Full chapters (Chap 1 to 38) test bank are included with complete answers. Latest edition 2024 PART 1: INTRODUCTION TO LAW 1 Our System of Law 2 Ethics and the Law 3 Criminal Law 4 Tort Law 5 Constitutional Law 6 Administrative Law PART 2: CONTRACTS 7 Introduction to Contracts 8 Offer and Acceptance 9 Mutual Agreement 10 Consideration 11 Competent Parties 12 Legal Purpose of Contracts 13 Form of Contracts 14 Operation of Contracts 15 Discharge of Contracts PART 3: SALES, AGENCY, AND BUSINESS ORGANIZATIONS 16 Transfer of Title 17 Sales 18 Warranties 19 Agency 20 Business Organizations 21 Creditor’s Rights and Bankruptcy PART 4: COMMERCIAL PAPER 22 Introduction to Commercial Paper 23 Transfer and Discharge of Commercial Paper PART 5: PROPERTY 24 Real and Personal Property 25 Bailments 26 Landlord–Tenant Relations 27 Wills, Intestacy, and Trusts PART 6: BUSINESS AND TECHNOLOGY 28 Intellectual Property 29 Computer Privacy and Speech 30 Social Media and the Law 31 Conducting Business in Cyberspace PART 7: LEGAL ENVIRONMENT OF BUSINESS 32 The Employer–Employee Relationship 33 Employment Law 34 Product Liability 35 Professionals’ Liability 36 International Business Law 37 Business and the Environment 38 Health Care Law

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,Chap 01 2024 Release - Liuzzo
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
1) The Uniform Commercial Code has been adopted in its entirety by all 50 states.
1) ______
⊚ true
⊚ false



2) The Uniform Commercial Code (UCC) was prepared in 1952.
2) ______
⊚ true
⊚ false



3) The Uniform Commercial Code is a set of laws governing various commercial transactions
that are designed to bring uniformity to the laws of the different states.
3) ______
⊚ true
⊚ false



4) Many legal obligations are based on moral obligations, but not all moral obligations are
legally enforceable.
4) ______
⊚ true
⊚ false



5) A court has no jurisdiction if it has the authority to hear appeals from other courts.
5) ______
⊚ true
⊚ false




1

,6) Federal district courts do not have original jurisdiction to hear all appeals from state trial
courts.
6) ______
⊚ true
⊚ false



7) There are 50 federal circuit courts of appeals, one circuit for each state.
7) ______
⊚ true
⊚ false



MULTIPLE CHOICE - Choose the one alternative that best completes the statement or
answers the question.
8) Although no single person can possibly know the entire body of law, it is important that the
average person understand:
8) ______
A) some of the general principles of law.
B) how to avoid common legal problems and pitfalls.
C) when to seek professional help.
D) All of the options are correct.



9) The party who begins a lawsuit by filing a complaint in the appropriate court is called the:
9) ______
A) defendant.
B) plaintiff.
C) attorney.
D) aggrieved.




2

,10) Although the ordinary applications of law are not always exciting, it is important to
understand certain essential legal principles because they affect:
10) ______
A) one’s business.
B) one’s personal life.
C) both one’s business and one’s personal life.
D) It is not important to understand legal principles.



11) Every business must comply with _______ laws.
11) ______
A) federal
B) state
C) local
D) All of the options are correct.


12) Legislatures at all levels of government pass many _______ that apply only to businesses and
individuals, but some laws apply specifically to governments.
12) ______
A) laws
B) rules
C) injunctions
D) None of the options are correct.


13) The ever-changing body of law that affects everyone in our country has arisen from a number
of sources and, as a result, laws sometimes:
13) ______
A) don’t need to be followed.
B) conflict with one another.
C) cancel each other out.
D) None of the options are correct.




3

, 14) State laws require that barbers and pharmacists pass examinations to be _______.
14) ______
A) licensed to practice in their profession
B) corporate officers
C) immune from lawsuits
D) enrolled in the Bar Council



15) Administrative law is:
15) ______
A) the study of the federal Constitution, its interpretation by the federal courts, and its
relationship to existing laws.
B) the body of rules, regulations, and decisions created by administrative agencies.
C) the study of the rights and obligations of individuals and includes the law of property,
the law of contracts, and the law of torts.
D) concerned with the conduct of nations in their relations with other nations.



16) A_______ is a written agreement between two or more countries that serves to establish
terms of an international relationship.
16) ______
A) contract
B) mandate
C) covenant
D) treaty


17) Treaties become legally binding when they are approved by_______ of the Senate.
17) ______
A) one-third
B) two-thirds
C) one quarter
D) half




4

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