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Testbank | Business Law: Text and Cases, 16th Edition by Kenneth W. Clarkson | Full Chapters Included

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Access the complete Test Bank for Business Law: Text and Cases, 16th Edition by Kenneth W. Clarkson. This comprehensive resource includes all chapters, featuring hundreds of exam-style questions such as multiple choice, true/false, essay, and case-based scenarios. Perfect for instructors preparing assessments or students self-testing their understanding of contracts, torts, criminal law, business organizations, property law, and emerging legal issues. Instant download with verified answers and rationales for every question.

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Test Bank for Business Law: Text and
Cases, 16th Edition by Kenneth W.
Clarkson | Full Chapters Included

law - answer-enforceable rules governing relationships among individuals and between
individuals and their society



breaches - answer-breaks, or fails to perform



primary sources of law - answer-1. u.s. constitutions

2. state constitutions

3. statutes passed by congress and states

4. regulations created by administrative agencies

5. case law



secondary sources of law - answer-books and articles that summarize and clarify the primary
sources of law



constitutional law - answer-constitution is basis of all law. all powers not give not federal
government are given to state governments



statutory law - answer-laws enacted by legislative bodies at any level including ordinances



ordinances - answer-statutes passed by municipal or county governments


1

,uniform law - answer-model statutes all states consider



uniform commercial code - answer-very important uniform law accepted by all states that
regulates commerce among states



administrative law - answer-rules, orders, decisions of administrative agencies



case law - answer-the doctrines and principles announced in cases, governs everything not
covered by statutory law and administrative law



common law - answer-a body of general rules that applied throughout the entire english realm



precedent - answer-a court decision that furnished an example or authority for deciding
subsequent cases involving identical or similar legal principles or facts



stare decisis - answer-to stand on decided cases

1. decisions made in higher court are binding to lower ones

2. dont overturn own precedents



jurisdiction - answer-area in which courts can apply law



binding authority - answer-source of law court must follow when deciding a case



persuasive authorities - answer-look to other jurisdictions when there is no precedent



2

, remedy - answer-means given to party to enforce a right or compensate for violation of right



equity - answer-branch of law that finds remedy when no adequate remedy at law is available



plaintiff - answer-those bringing lawsuits



defendant - answer-the person against whom a lawsuit is brought



substantive law - answer-all laws that define, describe, regulate, and create legal rights and
obligations



procedural law - answer-all laws that establish the methods of enforcing the rights established
by substantive law



federal/state/private law - answer-dealing with relationships between persons



public law - answer-addressing relationships between persons and their government



cyberlaw - answer-governs transactions conducted online



civil law - answer-rights and duties between person and between persons and their government
and relief when persons rights are violated



civil law system - answer-legal system based on a written code of laws



3

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