Test Bank — Business Law: Text & Exercises, 10th Edition — Roger LeRoy Miller — ISBN 9780357717417 — Latest Update 2025/2026 — (All Chapters Covered 1–43)

Business Law Text &
Exercises 10th Edition
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TEST BANK
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Roger LeRoy Miller
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Comprehensive Test Bank for Instructors
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and Students
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© Roger LeRoy Miller.

All rights reserved. Reproduction or distribution without permission is prohibited.
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© BooksbyMed

, Business Law: Text & Exercises – 10th Edition
(ISBN 9780357717417)
Roger LeRoy Miller



TABLE OF CONTENTS

Chapter 1. Introduction to the Law
Chapter 2. Ethics in Business
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Chapter 3. The Courts and Our Legal System
Chapter 4. Constitutional Law
Chapter 5. Business Torts
Chapter 6. Intellectual Property
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Chapter 7. Business Crimes
Chapter 8. Introduction to Contracts
Chapter 9. Offer and Acceptance
Chapter 10. Consideration
Chapter 11. Capacity
Chapter 12. The Legality of Agreements
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Chapter 13. Voluntary Consent
Chapter 14. Contracts That Must Be in Writing
Chapter 15. Third Party Rights
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Chapter 16. Termination and Remedies
Chapter 17. Introduction to Sales and Lease Contracts
Chapter 18. Title and Risk of Loss
Chapter 19. Performance and Breach
Chapter 20. Warranties and Product Liability
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Chapter 21. Consumer Protection
Chapter 22. The Essentials of Negotiability
Chapter 23. Negotiable Instruments: Transfer and Liability
Chapter 24. Banking
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Chapter 25. Agency Relationships
Chapter 26. Employment, Immigration, and Labor Law
Chapter 27. Employment Discrimination
Chapter 28. Types of Business Organizations
Chapter 29. Formation and Ownership of a Corporation
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Chapter 30. Management of a Corporation
Chapter 31. Combining and Dissolving Corporations
Chapter 32. Security Interests and Creditors’ Remedies
Chapter 33. Mortgages
Chapter 34. Bankruptcy
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Chapter 35. Insurance
Chapter 36. Personal Property
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Chapter 37. Bailments
Chapter 38. Real Property
Chapter 39. Landlord and Tenant Law
Chapter 40. Wills and Trusts
Chapter 41. Administrative Law
Chapter 42. Antitrust Law
Chapter 43. International and Space Law




© BooksbyMed

,Name: Class: Date:

Chapter 01: Introduction to the Law
1. Law consists of enforceable rules governing individuals and their society.
a. True
b. False
ANSWER: True

2. Laws and government regulations affect almost all business activities.
a. True
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b. False
ANSWER: True

3. Business people do not need to understand court processes because if they are sued, the lawyers will know those rules.
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a. True
b. False
ANSWER: False
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4. The study of business law involves an ethical dimension.
a. True
b. False
ANSWER: True
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5. Small-business owners are company leaders who do not have to deal with management issues and understand the
detailed laws.
a. True
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b. False
ANSWER: False

6. Precedents are court decisions that guide future legal decisions to create stability, consistency, and predictability.
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a. True
b. False
ANSWER: True

7. A small-business owner is likely to face legal questions when determining ways to reduce business taxes.
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a. True
b. False
ANSWER: True
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8. Administrative agencies make rules and regulations called administrative law.
a. True
b. False
ANSWER: True

9. Stare decisis is a doctrine obligating judges to help persons who have failed to protect their own rights.
a. True
b. False
ANSWER: False
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, Name: Class: Date:

Chapter 01: Introduction to the Law


10. In a common law system, judges are obligated to follow the precedents established within their jurisdictions.
a. True
b. False
ANSWER: True

11. Courts may depart from precedents.
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a. True
b. False
ANSWER: True
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12. Damages traditionally were awarded by courts of law only.
a. True
b. False
ANSWER: True
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13. Remedies in equity include injunctions.
a. True
b. False
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ANSWER: True

14. In most states, the courts no longer grant “equitable” remedies.
a. True
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b. False
ANSWER: False

15. The term “common law” refers to law that is common throughout the world.
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a. True
b. False
ANSWER: False

16. Constitutional law includes only the U.S. Constitution.
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a. True
b. False
ANSWER: False
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17. A state constitution is supreme within the state borders and will govern state issues even if it conflicts with the U.S.
Constitution.
a. True
b. False
ANSWER: False

18. A constitution sets forth a government’s general organization.
a. True
b. False
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