TESTBANK Dynamic Business Law, 6th Edition ByNancyKubasekChapters 1-52 DR ERIC

TESTBANK DR ERIC DR ERIC TABLE OF CONTENTS Part One: THE LEGAL ENVIRONMENT OF BUSINESS Chapter 1: An Introduction to Dynamic Business Law Chapter 2: Business Ethics Chapter 3: The US Legal System Chapter 4: Alternative Dispute Resolution Chapter 5: Constitutional Principles Chapter 6: International and Comparative Law Chapter 7: Crime and the Business Community Chapter 8: Tort Law Chapter 9: Negligence and Strict Liability Chapter 10: Product Liability Chapter 11: Liability of Accountants and Other Professionals Chapter 12: Intellectual Property Part Two: CONTRACTS Chapter 13: Introduction to Contracts Chapter 14: Agreement Chapter 15: Consideration Chapter 16: Capacity and Legality Chapter 17: Legal Assent Chapter 18: Contracts in Writing Chapter 19: Third-Party Rights to Contracts Chapter 20: Discharge and Remedies Part Three: DOMESTIC AND INTERNATIONAL SALES LAW Chapter 21: Introduction to Sales and Lease Contracts Chapter 22: Title, Risk of Loss, and Insurable Interest Chapter 23: Performance and Obligations under Sales and Leases Chapter 24: Remedies for Breach of Sales and Lease Contracts Chapter 25: Warranties Part Four: NEGOTIABLE INSTRUMENTS AND BANKING Chapter 26: Negotiable Instruments: Negotiability and Transferability Chapter 27: Negotiation, Holder in Due Course, and Defenses Chapter 28: Liability, Defenses, and Discharge Chapter 29: Checks and Electronic Fund Transfers DR ERIC DR ERIC Part Five: CREDITORS’ RIGHTS AND BANKRUPTCY Chapter 30: Secured Transactions Chapter 31: Other Creditors’ Remedies and Suretyship Chapter 32: Bankruptcy and Reorganization Part Six: AGENCY Chapter 33: Agency Formation and Duties Chapter 34: Liability to Third Parties and Termination Part Seven: BUSINESS ORGANIZATIONS Chapter 35: Forms of Business Organization Chapter 36: Partnerships: Nature, Formation, and Operation Chapter 37: Partnerships: Termination and Limited Partnerships DR ERIC DR ERIC Chapter 38: Corporations: Formation and Financing Chapter 39: Corporations: Directors, Officers, and Shareholders Chapter 40: Corporations: Mergers, Consolidations, Terminations Chapter 41: Corporations: Securities and Investor Protection Part Eight: EMPLOYMENT AND LABOR RELATIONS Chapter 42: Employment and Labor Law Chapter 43: Employment Discrimination Part Nine: GOVERNMENT REGULATION Chapter 44: Administrative Law Chapter 45: Consumer Law Chapter 46: Environmental Law Chapter 47: Antitrust Law Part Ten: PROPERTY Chapter 48: The Nature of Property, Personal Property, and Bailments Chapter 49: Real Property Chapter 50: Landlord￾Tenant Law Chapter 51: Insurance Law Chapter 52: Wills and Trusts DR ERIC DR ERIC Chapter 1: An Introduction to Dynamic Business Law: Answers are at the End of Each Chapter Student name: Business law consists of the enforceable rules of conduct that govern commercial relationships. ⊚ true ⊚ false Contracts, business law. employment decisions, and payments to suppliers are protected by ⊚ true ⊚ false Public law controls both disputes between private individuals and their government and disputes involving only private individuals. ⊚ true ⊚ false Criminal betweenlawpersons. lays out the rights and responsibilities implied in relationships ⊚ true ⊚ false Only civil law regulates the behavior of individuals. ⊚ true ⊚ false Case law. law interpretations are law, unless they are revoked later by new statutory ⊚ true ⊚ false DR ERIC DR ERIC The decision of a state supreme court is binding on a lower court that is located in the samestate. ⊚ true ⊚ false Model or uniform laws are sources of law that are binding on courts. ⊚ true ⊚ false Constitutions and statutes always cover all of the detailed rules that affect business and government relations. ⊚ true ⊚ false "Legal positivism" is also known as "natural law." ⊚ true ⊚ false Miko comes to Jamal's law office to ask him about the law in regard to dogs running at largein her neighborhood. Jamal tells Miko that he will research the issue and get back to her. Where should Jamal look first in order to locate applicable law? Restatements State statutes Case law Uniform laws Executive orders DR ERIC DR ERIC The president issued an executive order requiring that every citizen purchase a head of broccoli to eat once a week in order to maintain health. The executive order was challenged and the case went to the U.S. Supreme Court. The Supreme Court declared the executive order could not be enforced because it was an abuse of the president’s power. What is the primary source of law the Supreme Court would interpret to determine if the executive orderwas enforceable? The Constitution State statutes Case law Uniform laws Executive orders In 1995, the was created to replace GATT. United Nations World Trade Organization North American Free Trade Agreement Nation to Nation Trading Organization Nation’s Status on Trade When you read a case, you should: Find the facts, look for the issue, critically think about the issue, and determine ifyour reasoning matches the reasoning of the judge. Identify the legal issues, apply the facts to the legal issues, and evaluate the reasoningof the judge in light of the facts of the case. Consider the truth of the facts of the case, identify legal questions raised, review the decision of the judge, and determine if the judge’s decision was justified by the ruleof law. Find the facts, look for the issue, identify the judge’s reason and conclusion, locate the rules of law that govern the reasoning, and apply critical thinking to the judge’s reasoning. Identify the facts, apply critical thinking skills to determine the truths of the facts, and identify how the judge interpreted the facts in the case.