Chapter 1 p
Introduction to Law and Legal p p p p
Reasoning p
TRUE/FALSE QUESTIONS
p
A1. Thestabilityandpredictabilityofthelawisessentialtobusinessactivities.
ANSWER: T
p PAGE: 2 TYPE: =
NAT: AACSB Analytic
p p AICPA Critical Thinking
p p
A2. Law is a body of enforceable rules governing
p p p p
prelationships among individuals andbetween
p p p
individualsandtheir society.
p p
ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analytic
p p AICPA Legal p
A3.
p A breachofacontract is afailure to performit.
p p p p p
ANSWER: T PAGE: 3 TYPE: N
NAT: AACSB Ethics
p p AICPA Critical Thinking
p p
A4.
p Constitutional lawincludes only the U.S. Constitution.
p p p p p
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic
p p AICPA Legal p
A5.
p Astateconstitutionissupremewithinthestate‘sborders.
j
11
,
,
, 12
ANSWER: T PAGE: 4 TYPE: =
NAT: AACSB Analytic
p p AICPA Legal p
A6.
p Whetheralawisconstitutionaldependsonitssource. j
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic
p p AICPA Legal p
A7. Uniform laws apply in all states, including thoseinwhichthe laws havenot
p p p p p p p p p
been adopted.
p p
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic
p p AICPA Legal p
A8. A state law that conflicts with the U.S. Constitution will
be deemedunconstitutional.
p
ANSWER: T PAGE: 4 TYPE: =
NAT: AACSB Analytic
p p AICPA Legal p
A9.
p Statutory law does not include countyordinances.
p p j p p
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB p p p p Reflective AICPA Legal
A10. NostatehasadoptedtheUniformCommercialCodeinitsentirety.
ANSWER: F PAGE: 5 TYPE: =
NAT: AACSB p p p p Reflective AICPA Legal
A11. Commonlawisatermforlawthatiscommonthroughouttheworld.
j j j
ANSWER: F PAGE: 7 TYPE: =
NAT: AACSB Analytic
p p AICPA Critical Thinking
p p
p A12. Damagesisaremedy atlaw.
p p
ANSWER: T PAGE: 7 TYPE: =
NAT: AACSB p AICPA Legal p
Analytic
p
A13. Remedies in equity include injunctions and decrees of specific performance.
p p p p p p p p p
Introduction to Law and Legal p p p p
Reasoning p
TRUE/FALSE QUESTIONS
p
A1. Thestabilityandpredictabilityofthelawisessentialtobusinessactivities.
ANSWER: T
p PAGE: 2 TYPE: =
NAT: AACSB Analytic
p p AICPA Critical Thinking
p p
A2. Law is a body of enforceable rules governing
p p p p
prelationships among individuals andbetween
p p p
individualsandtheir society.
p p
ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analytic
p p AICPA Legal p
A3.
p A breachofacontract is afailure to performit.
p p p p p
ANSWER: T PAGE: 3 TYPE: N
NAT: AACSB Ethics
p p AICPA Critical Thinking
p p
A4.
p Constitutional lawincludes only the U.S. Constitution.
p p p p p
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic
p p AICPA Legal p
A5.
p Astateconstitutionissupremewithinthestate‘sborders.
j
11
,
,
, 12
ANSWER: T PAGE: 4 TYPE: =
NAT: AACSB Analytic
p p AICPA Legal p
A6.
p Whetheralawisconstitutionaldependsonitssource. j
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic
p p AICPA Legal p
A7. Uniform laws apply in all states, including thoseinwhichthe laws havenot
p p p p p p p p p
been adopted.
p p
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic
p p AICPA Legal p
A8. A state law that conflicts with the U.S. Constitution will
be deemedunconstitutional.
p
ANSWER: T PAGE: 4 TYPE: =
NAT: AACSB Analytic
p p AICPA Legal p
A9.
p Statutory law does not include countyordinances.
p p j p p
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB p p p p Reflective AICPA Legal
A10. NostatehasadoptedtheUniformCommercialCodeinitsentirety.
ANSWER: F PAGE: 5 TYPE: =
NAT: AACSB p p p p Reflective AICPA Legal
A11. Commonlawisatermforlawthatiscommonthroughouttheworld.
j j j
ANSWER: F PAGE: 7 TYPE: =
NAT: AACSB Analytic
p p AICPA Critical Thinking
p p
p A12. Damagesisaremedy atlaw.
p p
ANSWER: T PAGE: 7 TYPE: =
NAT: AACSB p AICPA Legal p
Analytic
p
A13. Remedies in equity include injunctions and decrees of specific performance.
p p p p p p p p p
