Business Law Exam 1 | 209 Questions With Verified Solutions

Business Law Exam 1 | 209 Questions With Verified Solutions A brief includes a statement of the applicable law in a case - Correct Answer True A choice-of-law clause is a provision in a contract that excuses a party from liability for nonperformance due to "acts of God" - Correct Answer False The stability and predictability of the law is essential to business activities - Correct Answer True Law is a body of enforceable rules governing relationships among individuals and between individuals and their society - Correct Answer True The basis for the US legal system is natural law - Correct Answer False Costitutional law includes only the US Constitution - Correct Answer False A state constitution is supreme within the state's borders - Correct Answer True Whether a law is constitutional depends on its source - Correct Answer False Uniform laws apply in all states, including those in which the laws have not been adopted - Correct Answer False