Test Bank For Business Law 15th Edition Clarkson, All Chapters ||Complete Study A+ Guide

1




Test Bank For Business Law 15th Edition Clarkson, All Chapters
||Complete A+ Guide




Chapter 1 ip




Introduction to Law andLegal ip ip ip p
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Reasoning ip




N.B.: TYPEindicates that a question is new, modified, or unchanged,
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asfollows.
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N A question new to this edition of the Test Bank.
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+ A question modified from the previous edition of the Test Bank.
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= A question included in the previous edition of the Test Bank.
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TRUE/FALSE QUESTIONS ip




A1. The stability and predictability of the law is essential to business activities.
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ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analytic
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A2. Law is a body of enforceable rules governing relationships among
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individualsand between individuals and their society.
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ANSWER: T PAGE: 2 TYPE: =

NAT: AACSB Analytic
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A3. A breach of a contract is a failure to perform it.
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ANSWER: T PAGE: 3 TYPE: N

NAT: AACSB Ethics
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, 2

ip ThinkingA4. ip Constitutional law
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includes only the U.S. Constitution.
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ANSWER: F PAGE: 4 TYPE: =

NAT: AACSB Analytic
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, 3


A5. A state constitution is supreme within the state’s borders.
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ANSWER: T PAGE: 4 TYPE: =
NAT: AACSB Analytic
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ip LegalA6.ip Whether a ip




law is constitutional depends on its source.
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ANSWER: F PAGE: 4 TYPE: =

NAT: AACSB Analytic
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A7. Uniform laws apply in all states, including those in which the laws
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have notbeen adopted.
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ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic
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A8. A state law that conflicts with the U.S. Constitution will be
deemedunconstitutional. ip




ANSWER: T PAGE: 4 TYPE: =

NAT: AACSB Analytic
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ip LegalA9.ip Statutory

ip law does not include county ordinances.
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ANSWER: F PAGE: 4 TYPE: =

NAT: AACSB Reflective
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A10. No state has adopted the Uniform Commercial Code in its entirety.
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ANSWER: F PAGE: 5 TYPE: =

NAT: AACSB Reflective
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A11. Common law is a term for law that is common throughout the world.
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ANSWER: F PAGE: 7 TYPE: =

NAT: AACSB Analytic
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, 4


A12. Damages is a remedy at law.
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ANSWER: T PAGE: 7 TYPE: =

NAT: AACSB Analytic
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A13. Remedies in equity include injunctions and decrees of specific performance.
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ANSWER: T PAGE: 7 TYPE: =

NAT: AACSB Analytic
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A14. In most states, the courts no longer grant “equitable” remedies.
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ANSWER: F PAGE: 8 TYPE: =

NAT: AACSB Analytic
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ip A15. A defendant is a person against whom a lawsuit is
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brought.
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ANSWER: T PAGE: 8 TYPE: =

NAT: AACSB Analytic
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A16. Courts do not depart from precedents.
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ANSWER: F PAGE: 9 TYPE: =

NAT: AACSB Reflective
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A17. A judge’s function is to make the law.
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ANSWER: F PAGE: 13 TYPE: N

NAT: AACSB Analytic
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A18. Criminal law focuses on duties that exist between persons.
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ANSWER: F PAGE: 14 TYPE: =
NAT: AACSB Analytic
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