1
Test Bank For Business Law And Cases 12th Edition By Kenn
eth w Clarkson, Roger Leroy Miller, Frank b. Cross
Chapter 1
Introduction to Law and
Legal Reasoning
N.B.: TYPE indicates that a question is new, modified, or unchanged, as
TRUE/FALSE QUESTIONS
A1. The stability and predictability of the law is essential to business activities.
ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analytic AICPA Critical Thinking
A2.
Lawtyistyatybodytyoftyenforceabletyrulestygoverningtyrelationshipstyamongtyindi
vidualsta
y ndtybetween tyindividualsty andty theirty society.
ANSWER: T PAGE: 2 TYPE: =
NAT:tyAACSBtyAnalytic AICPAty Legal
A3. Atybreachtyoftyatycontracttyistyatyfailuretytotyperformtyit.
ANSWER: T PAGE: 3 TYPE: N
NAT:ty AACSBtyEthics
AICPAtyCriticaltyThinkingtyA4.
ConstitutionaltylawtyincludestyonlytythetyU.S.tyConstitution.
ANSWER: F PAGE: 4 TYPE: =
, 2
NAT:tyAACSBtyAnalytic AICPAty Legal
, 3
A5. Whethertyatylawtyistyconstitutionaltydependstyontyitstysource.
ANSWER: F PAGE: 4 TYPE: =
NAT:t y AACSBt y Analytic
AICPAtyLegaltyA6.
At y statet y constitutiont y ist y supremet y withint y thet y state’st y bor
ders.
ANSWER: T PAGE: 4 TYPE: =
NAT:tyAACSBtyAnalytic AICPAty Legal
A7.
Uniformty lawst y applyt y int y allt y states,t y includingty thoset y int y whicht y thet y lawst
y havet y notb
ty een ty adopted.
ANSWER: F PAGE: 4 TYPE: =
NAT:tyAACSBtyAnalytic AICPAty Legal
A8. A state law that conflictstytyt y with the U.S. Constitution will be
deemedtyunconstitutional.
ANSWER: T PAGE: 4 TYPE: =
NAT:t y AACSBt y Analytic
AICPAtyLegaltyA9.
Statutorytylawtydoestynottyincludetycountytyordinances.
ANSWER: F PAGE: 4 TYPE: =
NAT:t y AACSBt y Reflective AICPAt y Legal
A10. NotystatetyhastyadoptedtythetyUniformtyCommercialtyCodetyintyitstyentirety.
ANSWER: F PAGE: 5 TYPE: =
NAT:t y AACSBt y Reflective AICPAt y Legal
A11. Commontylawtyistyatytermtyfortylawtythattyistycommontythroughouttythetyworld.
, 4
ANSWER: F PAGE: 7 TYPE: =
NAT:tyAACSBtyAnalytic AICPAtyCriticaltyThinking
Test Bank For Business Law And Cases 12th Edition By Kenn
eth w Clarkson, Roger Leroy Miller, Frank b. Cross
Chapter 1
Introduction to Law and
Legal Reasoning
N.B.: TYPE indicates that a question is new, modified, or unchanged, as
TRUE/FALSE QUESTIONS
A1. The stability and predictability of the law is essential to business activities.
ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analytic AICPA Critical Thinking
A2.
Lawtyistyatybodytyoftyenforceabletyrulestygoverningtyrelationshipstyamongtyindi
vidualsta
y ndtybetween tyindividualsty andty theirty society.
ANSWER: T PAGE: 2 TYPE: =
NAT:tyAACSBtyAnalytic AICPAty Legal
A3. Atybreachtyoftyatycontracttyistyatyfailuretytotyperformtyit.
ANSWER: T PAGE: 3 TYPE: N
NAT:ty AACSBtyEthics
AICPAtyCriticaltyThinkingtyA4.
ConstitutionaltylawtyincludestyonlytythetyU.S.tyConstitution.
ANSWER: F PAGE: 4 TYPE: =
, 2
NAT:tyAACSBtyAnalytic AICPAty Legal
, 3
A5. Whethertyatylawtyistyconstitutionaltydependstyontyitstysource.
ANSWER: F PAGE: 4 TYPE: =
NAT:t y AACSBt y Analytic
AICPAtyLegaltyA6.
At y statet y constitutiont y ist y supremet y withint y thet y state’st y bor
ders.
ANSWER: T PAGE: 4 TYPE: =
NAT:tyAACSBtyAnalytic AICPAty Legal
A7.
Uniformty lawst y applyt y int y allt y states,t y includingty thoset y int y whicht y thet y lawst
y havet y notb
ty een ty adopted.
ANSWER: F PAGE: 4 TYPE: =
NAT:tyAACSBtyAnalytic AICPAty Legal
A8. A state law that conflictstytyt y with the U.S. Constitution will be
deemedtyunconstitutional.
ANSWER: T PAGE: 4 TYPE: =
NAT:t y AACSBt y Analytic
AICPAtyLegaltyA9.
Statutorytylawtydoestynottyincludetycountytyordinances.
ANSWER: F PAGE: 4 TYPE: =
NAT:t y AACSBt y Reflective AICPAt y Legal
A10. NotystatetyhastyadoptedtythetyUniformtyCommercialtyCodetyintyitstyentirety.
ANSWER: F PAGE: 5 TYPE: =
NAT:t y AACSBt y Reflective AICPAt y Legal
A11. Commontylawtyistyatytermtyfortylawtythattyistycommontythroughouttythetyworld.
, 4
ANSWER: F PAGE: 7 TYPE: =
NAT:tyAACSBtyAnalytic AICPAtyCriticaltyThinking
