Test Bank For Business Law: Text and Cases 16th Edition by Kenneth Clarkson. All Chapters (2025)

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Test Bank For
Business Law: Text and Cases
Author: Kenneth Clarkson


16th Edition

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Chapter 1

Introduction To Law And
Legal Reasoning




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. Law Is A Body Of Enforceable Rules Governing Relationships Among
Individuals And Between Individuals And Their Society.

ANSWER: T PAGE: 2 TYPE: =

NAT: AACSB Analytic AICPA Legal

A3. A Breach Of A Contract Is A Failure To Perform It.

ANSWER: T PAGE: 3 TYPE: N

NAT: AACSB Ethics AICPA Critical Thinking

A4. Constitutional Law Includes Only The U.S. Constitution.

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A5. A State Constitution Is Supreme Within The State’s Borders.

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

A6. Whether A Law Is Constitutional Depends On Its Source.


ANSWER: F PAGE: 4 TYPE: =

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A7. Uniform Laws Apply In All States, Including Those In Which The Laws Have
Not Been Adopted.

ANSWER: F PAGE: 4 TYPE: =
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A8. A State Law That Conflicts With The U.S. Constitution Will Be
Deemed Unconstitutional.


ANSWER: T PAGE: 4 TYPE: =

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A9. Statutory Law Does Not Include County Ordinances.


ANSWER: F PAGE: 4 TYPE: =

NAT: AACSB Reflective AICPA Legal

A10. No State Has Adopted The Uniform Commercial Code In Its Entirety.

ANSWER: F PAGE: 5 TYPE: =

NAT: AACSB Reflective AICPA Legal

A11. Common Law Is A Term For Law That Is Common Throughout The World.


ANSWER: F PAGE: 7 TYPE: =

NAT: AACSB Analytic AICPA Critical Thinking

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A12. Damages Is A Remedy At Law.


ANSWER: T PAGE: 7 TYPE: =

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A13. Remedies In Equity Include Injunctions And Decrees Of Specific Performance.


ANSWER: T PAGE: 7 TYPE: =

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A14. In Most States, The Courts No Longer Grant “Equitable” Remedies.


ANSWER: F PAGE: 8 TYPE: =

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A15. A Defendant Is A Person Against Whom A Lawsuit Is

Brought.


ANSWER: T PAGE: 8 TYPE: =

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A16. Courts Do Not Depart From Precedents.

ANSWER: F PAGE: 9 TYPE: =

NAT: AACSB Reflective AICPA Critical Thinking

A17. A Judge’s Function Is To Make The Law.

ANSWER: F PAGE: 13 TYPE: N

NAT: AACSB Analytic AICPA Legal

ANSWER: F PAGE: 14 TYPE: =
NAT: AACSB Analytic AICPA Legal