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Dynamic Business Law

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Dynamic Business Law

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September 6, 2024
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Written in
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Dynamic Business Law: The Essentials, 5th Edition
SOLUTION MANUAL by Kubasek, Browne, Herron


The United States Supreme Court has the power to - ANSWER: Void laws passed by
congress

Congress enacted legislation in 1933 to regulate the securities industry and prohibit
various forms of fraud with securities. The Securities Exchange Act of 1934 was
passed a year later. This law created the Securities and Exchange Commission (SEC)
as an independent regulatory entity whose function is to administer the two laws.
The SEC has generated rules and regulations to administer these acts. These rules
and regulations are - ANSWER: administrative law

In 1994, the Arizona Supreme Court decided the case of Hernandez v. Arizona Board
of Regents and found a duty of care to avoid furnishing alcohol to underage
consumers. If in 2008 a Flagstaff, Arizona plaintiff brings a lawsuit against an Arizona
university's fraternity for providing alcohol to members under the legal drinking age,
the Hernandez v. Arizona Board of Regents case will serve as precedent. - ANSWER:
TRUE

A rule that establishes maximum length of work shifts for air traffic controllers
demonstrates an agency imposing a regulation. - ANSWER: true

The doctrine of precedent is binding on all courts from county courts to the U.S.
Supreme Court. - ANSWER: false

Antonio assaulted Mark after the two argued about a parking space. The District
Attorney's office prosecuted Antonio on assault charges. Subsequently, Mark filed a
lawsuit against Antonio for money damages. Classify each legal action. - ANSWER:
The District Attorney's case was a criminal case; Mark's lawsuit was a civil case.

President Nixon issued wage-price controls in an effort to stabilize the economy. This
use of executive power was - ANSWER: a valid use of power based on Article II of the
Constitution.

If the President vetoes a bill, it can still become law if both the House and the Senate
approve it with a 51% majority. - ANSWER: false

In the House of Representatives, a state's voting power is based on its - ANSWER:
population

The doctrine of precedent requires - ANSWER: judges to base rulings on previous
cases

, Curtis filed a lawsuit against Ulhoff for failure to repay $1,000 according to the terms
of a promissory note. The trial ended before it began, with the trial judge granting a
motion for summary judgment in favor of Curtis. Ulhoff has appealed, and the
Supreme Court of Iowa has remanded the case. This means - ANSWER: We don't
know who wins yet because the case is being returned to the trial court for
additional steps.

Congress can create a statute on any topic at all. - ANSWER: false

DoorWay Computers, Inc., the trademark owner of "DoorWay," sought a court
injunction to prevent Handyman Hardware, Inc. from using the domain name,
"DoorWay.com." A jury will decide whether DoorWay is entitled to this remedy. -
ANSWER: false

When the Food and Drug Administration prohibits a certain drug from being
marketed in the United States, this is - ANSWER: an agency regulation

Hasbro, Inc., the trademark owner of "Candy Land," sought a court injunction to stop
Internet Entertainment Group, LTD from using the domain name, "candyland.com."
Internet Entertainment Group had established a sexually explicit site at the domain
name. This injunction would have to be issued by - ANSWER: a judge

Which type of law regulates the rights and duties between parties? - ANSWER: civil
law

Wilfred was driving too fast for the icy road conditions and hit Sally's car. Sally can
sue Wilfred in criminal court. - ANSWER: false

In the case of Panavision Int'l v. Toeppen, the Ninth Circuit Court of Appeals affirmed
the district court's decision. This means that the Ninth Circuit Court of Appeals
approved the district court's decision and upheld the outcome in the case. -
ANSWER: true

Common law refers to - ANSWER: law made when judges decide cases and then
follow those decisions in later cases.

The president of the United States - ANSWER: Can veto Congressional legislation.

Deontologists would agree that the increasing medical concern over obesity in the
United States justifies federal regulation of high fat, high sugar, low nutrition food
advertising during children's television programs. - ANSWER: true

Immanuel Kant was a German philosopher who was a proponent of utilitarian ethics.
- ANSWER: false
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