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The Legal Environment of Business

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The Legal Environment of Business

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Solution Manual For The Legal Environment of Business, 14th
Edition by Roger E. Meiners, Verified Chapters 1 - 22
Complete, Newest Version


_________ law forbids owners of businesses from monopolizing classes of resources
and sets rules for how businesses can compete to obtain ownership in new
resources. - ANSWER: AntiTrust Law

Which of the following schools of jurisprudence emphasizes that contemporary law
should focus on legal principles that have withstood the test of time in a nation? -
ANSWER: Historical

Which of the following philosophies of law tries to see beyond only the words of law
to examine what law enforcement officials, administrators, prosecutors, and judges
are actually doing as they carry out, interpret, and apply laws? - ANSWER: Legal
Realism

Mary was driving her four kids to soccer practice one day when she was rear-ended
by Ted, who was driving his Porsche too fast and did not see that traffic was at a
standstill. Mary's mini-van was damaged and required extensive repairs.
Additionally, she had to go to the chiropractor for whiplash that she sustained in the
accident. Mary meets with an attorney to discuss filing a lawsuit against Ted to
recover compensation for the damages to herself and her vehicle. If the attorney
takes the case, she will likely utilize which type of law? - ANSWER: Tort Law

So significant is the role of judges in the United States that they determine the
meaning of the Constitution and can declare void the legislation of Congress and the
acts of the president. This illustrates that the legal system in the United States is
based on _____. - ANSWER: common law

_____ covers the legal principles that apply to government agencies, bureaus,
boards, or commissions. - ANSWER: Administrative Law

Which of the following would be governed by the rules of property law? - ANSWER:
The patent of an invention

The time allowed for one party to sue another and the rules of law governing the
process of a lawsuit are examples of __________. - ANSWER: procedural laws

Which of the following statements is true of substantive law? - ANSWER:
Enforcement of a contractual promise is substantive in nature

Which of the following are judicial decisions that interpret the relevant
constitutional, legislative, and regulatory laws? - ANSWER: Case Law

, In constitutional law, the idea that courts should understand the meaning of the
Constitution relative to the times in which they interpret it is known as _____. -
ANSWER: constitutional relativity

_____ stands for the idea that courts should interpret the Constitution only
according to the intentions of those who wrote it. - ANSWER: Originalism

Which of the following are essential to locate prior precedents? - ANSWER: Citations

Which of the following is an order by the court commanding the other party actually
to perform a bargain as agreed? - ANSWER: Specific performance

Which of the following sanctions are awarded with the objective of ensuring that a
party be in as good a position as he or she would have been in had the contract been
performed? - ANSWER: compensatory damages

_____ is a systematic statement of right and wrong together with a philosophical
system that both justifies and necessitates rules of conduct: - ANSWER: Ethics

Which of the following statements is true of formalism? - ANSWER: It focuses more
on common good rather than on individual rights.

Donald follows a formalist viewpoint. Which of the following is most likely to be his
belief about stealing? - ANSWER: He is likely to condemn all forms of stealing.

Ethical formalists maintain that __________. - ANSWER: individuals have rights that
should not be infringed even at the expense of society

According to Rawls, which of the following serves as the first step in determining the
ethical values on which a just society can be built? - ANSWER: To assume that one is
not aware of one's own age, gender, race, intelligence, strength, wealth, or social
status

Which of the following is one of the ethical principles proposed by Rawls? - ANSWER:
Everyone is entitled to certain equal basic rights, including liberty, freedom of
association, and personal security.

A formalist is best defined as one who: - ANSWER: Places ethical focus on the worth
of an individual.

Which of the following is a possible conclusion that can be drawn when comparing
formalist and consequentialist approaches to solving an ethical problem? - ANSWER:
A formalist and a consequentialist will use different approaches to evaluating an
ethical problem, but may arrive at the same conclusion

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