LSTD 2106 PRACTICE EXAM 1 QUESTIONS WITH
VERIFIED ANSWERS
Although much of the language of the law has Latin roots, the terminology is primarily a
combination of Latin, early and modern English, and
Greek. - Answers - False
Statutory law is the foundation for all other law in the United States and is the supreme
law of the land. - Answers - False
A bill is a federal statute passed by Congress and signed into law by the president. -
Answers - False
Decisions of trial courts are reviewed by appellate courts. - Answers - True
Criminal laws are a protection of society, and the violation of criminal laws results in
penalties to the violator such as fines or imprisonment. - Answers - True
_____ is based on the concept that law is a social institution that should be used to
promote fairness by taking into account social and
economic realities when arriving at legal conclusions.
-Legal realism
-Natural law
-Positivism
-Legalese - Answers - -Legal realism
_____ is the first step in learning how to make legal decisions in a business context.
-Developing legal insight by understanding the fundamentals of legal theory
-Recognizing that having legal awareness may present opportunities for proactive
business planning
-Empowering business owners and managers to limit liability and to add value to the
business
-Learning to apply legal theories in practice - Answers - -Developing legal insight by
understanding the fundamentals of legal theory
Attorneys who are part of the executive or midlevel management team of large
companies are known as:
-corporate lawyers.
-litigator counsel.
-business lawyers.
, -in-house counsel. - Answers - -in-house counsel.
Which of the following is an example of equitable relief?
-A fine imposed for speeding
-A breach of contract
-A restraining order
-A statutory scheme - Answers - -A restraining order
Which equitable maxim favors those who exercise caution in pursuing their claims and
disfavors those who rest on their legal rights by failing
to act to protect their rights in a reasonable period of time?
-Substance over form
-Equity aids the vigilant
-Doctrine of stare decisis
-Clean hands doctrine - Answers - -Equity aids the vigilant
The U.S. Constitution is composed of a preamble, seven articles, and 27 amendments.
- Answers - True
The general implied power of Congress to make all laws necessary for carrying out its
enumerated powers fall within the purview of the
Commerce Clause. - Answers - False
The checks and balances in the U.S. Constitution ensure that the executive branch of
the government is always dominant over the other two
branches. - Answers - False
Congress may tax those activities or property that it is authorized to regulate directly
under any of the enumerated regulatory powers. - Answers - False
The Health Insurance Portability and Accountability Act (HIPAA) requires that specific
policies and record-keeping practices be used in order
to ensure the privacy of any medical information. - Answers - True
Which of the following is a congressional power granted by the U.S. Constitution?
-The power to enter into treaties
-The power to regulate commerce
-The power to carry out foreign policy
-The power to appoint federal officers and judges - Answers - -The power to regulate
commerce
Congress's broadest powers are derived from the:
VERIFIED ANSWERS
Although much of the language of the law has Latin roots, the terminology is primarily a
combination of Latin, early and modern English, and
Greek. - Answers - False
Statutory law is the foundation for all other law in the United States and is the supreme
law of the land. - Answers - False
A bill is a federal statute passed by Congress and signed into law by the president. -
Answers - False
Decisions of trial courts are reviewed by appellate courts. - Answers - True
Criminal laws are a protection of society, and the violation of criminal laws results in
penalties to the violator such as fines or imprisonment. - Answers - True
_____ is based on the concept that law is a social institution that should be used to
promote fairness by taking into account social and
economic realities when arriving at legal conclusions.
-Legal realism
-Natural law
-Positivism
-Legalese - Answers - -Legal realism
_____ is the first step in learning how to make legal decisions in a business context.
-Developing legal insight by understanding the fundamentals of legal theory
-Recognizing that having legal awareness may present opportunities for proactive
business planning
-Empowering business owners and managers to limit liability and to add value to the
business
-Learning to apply legal theories in practice - Answers - -Developing legal insight by
understanding the fundamentals of legal theory
Attorneys who are part of the executive or midlevel management team of large
companies are known as:
-corporate lawyers.
-litigator counsel.
-business lawyers.
, -in-house counsel. - Answers - -in-house counsel.
Which of the following is an example of equitable relief?
-A fine imposed for speeding
-A breach of contract
-A restraining order
-A statutory scheme - Answers - -A restraining order
Which equitable maxim favors those who exercise caution in pursuing their claims and
disfavors those who rest on their legal rights by failing
to act to protect their rights in a reasonable period of time?
-Substance over form
-Equity aids the vigilant
-Doctrine of stare decisis
-Clean hands doctrine - Answers - -Equity aids the vigilant
The U.S. Constitution is composed of a preamble, seven articles, and 27 amendments.
- Answers - True
The general implied power of Congress to make all laws necessary for carrying out its
enumerated powers fall within the purview of the
Commerce Clause. - Answers - False
The checks and balances in the U.S. Constitution ensure that the executive branch of
the government is always dominant over the other two
branches. - Answers - False
Congress may tax those activities or property that it is authorized to regulate directly
under any of the enumerated regulatory powers. - Answers - False
The Health Insurance Portability and Accountability Act (HIPAA) requires that specific
policies and record-keeping practices be used in order
to ensure the privacy of any medical information. - Answers - True
Which of the following is a congressional power granted by the U.S. Constitution?
-The power to enter into treaties
-The power to regulate commerce
-The power to carry out foreign policy
-The power to appoint federal officers and judges - Answers - -The power to regulate
commerce
Congress's broadest powers are derived from the:
