st Bank for Business Law: Text and Cases by Clarkson & Miller | Complete Questions & Answers

Test Bank for Business Law:
Text and Cases, 15th Ed. by
Clarkson & Miller | Complete
Q&A

, Chapter 1

Introduction to Law and
Legal Reasoning

N.B.: TYPE indicates that a question is new, modified, or unchanged, as
follows.

N A question new to this edition of the Test Bank.
+ A question modified from the previous edition of the Test Bank.
= A question included in the previous edition of the Test Bank.


TRUE/FALSE QUESTIONS

A1. The stability and predictability of the law is essential to business activities.
j j j j j j j j j j j




ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analytic j j AICPA Critical Thinking j j




A2. Law is a body of enforceable rules governing relationships j




among individuals and between individuals and their society.
j j j j j j j




ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analyticj j AICPA Legal j j




A3. A breach of a contract is a failure to perform it.
j j j j j j j j j j




ANSWER: T PAGE: 3 TYPE: N
NAT: AACSB Ethics j j AICPA Critical Thinking
j j j




A4. Constitutional law includes only the U.S. Constitution.
j j j j j j




ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic j AICPA Legal j j




A5. A stateconstitution issupreme within the state‘s borders.
j j j j j j j j




11

,
, 12
ANSWER: T PAGE: 4 TYPE: =
NAT: AACSB Analytic j j AICPA Legal j j




A6. Whetheralawisconstitutionaldependsonitssource.
j j j j j j j j




ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic j j AICPA Legal j




A7. Uniform laws apply in all states, including those in which the laws have not
j j j j j j j j j j j j j j




been adopted. j




ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic j j AICPA Legal j




A8. A state law that conflicts
j j j j j with j the j U.S. j Constitution j will j




be deemed unconstitutional.
j j




ANSWER: T PAGE: 4 TYPE: =
NAT: AACSB Analytic j j AICPA Legal j j




A9. Statutory law does not include county ordinances.
j j j j j j




ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Reflective j j AICPA Legal j




A10. No state has adopted the Uniform Commercial Code in its entirety.
j j j j j j j j j j




ANSWER: F PAGE: 5 TYPE: =
NAT: AACSB Reflective j j AICPA Legal j




A11. Commonlawisatermforlawthatiscommonthroughouttheworld.
j j j j j j j j j j j j




ANSWER: F PAGE: 7 TYPE: =
NAT: AACSB Analytic j j AICPA Critical Thinking j j




A12. Damages is a remedy at law. j j j j j




ANSWER: T PAGE: 7 TYPE: =
NAT: AACSB Analytic j j AICPA Legal j




A13. Remedies in equity include injunctions and decrees of specific performance.
j j j j j j j j j