Business Law exam 1 questions with
correct answers 100% 2026
One of the oldest and most significant schools of jurisprudential thought is:
a. the administrative law school.
b. the environmental law school.
c. the legal realists.
d. the natural law school. - Correct Answers d. the natural law school.
The common law may be described as:
a. general legal principles that evolved over time through court decisions.
b. a body of rules governing the ownership of the oceans.
c. an index of opinions by law professors.
d. rules issued by an administrative agency. - Correct Answers a. general legal principles that
evolved over time through court decisions.
Remedies are best described as:
a. position papers.
b. legal principles that underlie previous court decisions.
c. a statute against theft.
d. the legal means used to recover a right or redress a wrong. - Correct Answers d. the legal
means used to recover a right or redress a wrong.
A cornerstone of both the American and English legal systems is:
a. the doctrine of res nullius.
b. the doctrine of stare decisis.
c. the doctrine of plumbago.
, d.the doctrine of judicial unfitness. - Correct Answers b. the doctrine of stare decisis.
The IRAC method of legal reasoning DOES NOT include which of the following steps?
a. Developing cutting-edge public policy.
b. Ascertaining the facts and issues of the case.
c. Determining the rule of law that applies in the case.
d.Applying the rule of law to the facts and issues of the case. - Correct Answers a. Developing
cutting-edge public policy.
Ordinances may be considered:
a. administrative law.
b. stare decisis.
c. statutory law.
d. uniform law. - Correct Answers c. statutory law.
The Uniform Commercial Code (UCC) has been adopted, in whole or in part:
a. by no states; it is simply too complex.
b. by all states, in whole or in part.
c. by the southern states only, because of its focus on agricultural issues.
d.by half of the states - Correct Answers b. by all states, in whole or in part.
Civil law may best be described as:
a. the law that governs relations between persons and between persons and the government.
b. the common law of taxes.
c. federal, not state, law.
d.the law governing the relations among nations - Correct Answers a. the law that governs
relations between persons and between persons and the government.
correct answers 100% 2026
One of the oldest and most significant schools of jurisprudential thought is:
a. the administrative law school.
b. the environmental law school.
c. the legal realists.
d. the natural law school. - Correct Answers d. the natural law school.
The common law may be described as:
a. general legal principles that evolved over time through court decisions.
b. a body of rules governing the ownership of the oceans.
c. an index of opinions by law professors.
d. rules issued by an administrative agency. - Correct Answers a. general legal principles that
evolved over time through court decisions.
Remedies are best described as:
a. position papers.
b. legal principles that underlie previous court decisions.
c. a statute against theft.
d. the legal means used to recover a right or redress a wrong. - Correct Answers d. the legal
means used to recover a right or redress a wrong.
A cornerstone of both the American and English legal systems is:
a. the doctrine of res nullius.
b. the doctrine of stare decisis.
c. the doctrine of plumbago.
, d.the doctrine of judicial unfitness. - Correct Answers b. the doctrine of stare decisis.
The IRAC method of legal reasoning DOES NOT include which of the following steps?
a. Developing cutting-edge public policy.
b. Ascertaining the facts and issues of the case.
c. Determining the rule of law that applies in the case.
d.Applying the rule of law to the facts and issues of the case. - Correct Answers a. Developing
cutting-edge public policy.
Ordinances may be considered:
a. administrative law.
b. stare decisis.
c. statutory law.
d. uniform law. - Correct Answers c. statutory law.
The Uniform Commercial Code (UCC) has been adopted, in whole or in part:
a. by no states; it is simply too complex.
b. by all states, in whole or in part.
c. by the southern states only, because of its focus on agricultural issues.
d.by half of the states - Correct Answers b. by all states, in whole or in part.
Civil law may best be described as:
a. the law that governs relations between persons and between persons and the government.
b. the common law of taxes.
c. federal, not state, law.
d.the law governing the relations among nations - Correct Answers a. the law that governs
relations between persons and between persons and the government.
