environment of Business Questions
with Already Passed Solutions 2025-
2026 Set.
One primary source of American law is:
a. The Declaration of Independence
b. The Magna Carta
c. The U.S. Constitution
d. The United Nations - Answer c. The U.S. Constitution
State constitutions are a primary source of law. True or false? - Answer True
Law based on documents setting forth the general organization, powers, and limits of the
government is called: - Answer Constitutional law
Of the U.S. laws, including state laws, the U.S. Constitution is: - Answer The supreme law of
the land
If the U.S. Supreme Court determines that a state criminal law violates a provision of the Fourth
Amendment to the U.S. Constitution, that law will be declared: - Answer unconstitutional
Statutes, which are primary sources of law, come from the U.S. __________ and state and local
____________ . - Answer Congress, Legislatures
The U.S. Congress passes federal statutes which do not apply to states, but only to the federal
government. True or false? - Answer False
The __________________________ is a uniform law adopted by all states that facilitates
business transactions. - Answer Uniform commercial code
Administrative agencies are created to:
a. provide more efficient government office management.
, The Federal Trade Commission is an example of: - Answer an independent regulatory agency
Case law is based on the decisions made by those who run administrative agencies. True or
false? - Answer False
Case law is derived from judges' decisions for actual cases. - Answer True
Case law - Answer The law as stated by judges in the court opinions
Administrative Law - Answer The rules, orders, and decisions of federal, state, or local
government administrative agencies
statutory law - Answer Laws enacted by legislative bodies at any level of government
Constitutional Law - Answer The body of law derived from the U.S. Constitution and the
constitutions of the various states.
In the English system, upon which the American system is based, "remedies at law" consisted of
any action or order that would correct the wrong. True or false? - Answer False
Remedies ___________ include specific performance. - Answer in equity
A precedent is a decision that furnishes an example or authority for deciding subsequent cases
involving similar legal principles and facts. True or false? - Answer True
Part of common law tradition relies on the doctrine of ______________ - Answer Stare Decisis
The Latin term stare decisis means:
a. to stare on principle.
b. to stand as a witness.
c. to stand on the statutory language.
d. to stand on decided cases. - Answer d. to stand on decided cases.