LSTD 2106 EXAM 1 UPDATED ACTUAL QUESTIONS
AND CORRECT ANSWERS
Question:
Although much of the language of the law has Latin
roots, the terminology is primarily a combination of Latin,
early and modern English, and
Greek.
Answer:
False
Question:
Statutory law is the foundation for all other law in the
United States and is the supreme law of the land.
Answer:
False
Question:
A bill is a federal statute passed by Congress and signed
into law by the president.
Answer:
False
Question:
Criminal laws are a protection of society, and the
violation of criminal laws results in penalties to the
violator such as fines or imprisonment.
Answer:
True
Question:
_____ is based on the concept that law is a social institution
that should be used to promote fairness by taking into
account social and
economic realities when arriving at legal conclusions.
-Legal realism
-Natural law
-Positivism
-Legalese
Answer:
-Legal realism
Question:
_____ is the first step in learning how to make legal
decisions in a business context.
-Developing legal insight by understanding the
, fundamentals of legal theory
-Recognizing that having legal awareness may present
opportunities for proactive business planning
-Empowering business owners and managers to limit
liability and to add value to the business
-Learning to apply legal theories in practice
Answer:
-Developing legal insight by understanding the fundamentals of legal theory
Question:
Attorneys who are part of the executive or midlevel
management team of large companies are known as:
-corporate lawyers.
-litigator counsel.
-business lawyers.
-in-house counsel.
Answer:
-in-house counsel.
Question:
Which of the following is an example of equitable relief?
-A fine imposed for speeding
-A breach of contract
-A restraining order
-A statutory scheme
Answer:
-A restraining order
Question:
Which equitable maxim favors those who exercise
caution in pursuing their claims and disfavors those who
rest on their legal rights by failing
to act to protect their rights in a reasonable period of
time?
-Substance over form
-Equity aids the vigilant
-Doctrine of stare decisis
-Clean hands doctrine
Answer:
-Equity aids the vigilant
Question:
The U.S. Constitution is composed of a preamble, seven
articles, and 27 amendments.
Answer:
True
AND CORRECT ANSWERS
Question:
Although much of the language of the law has Latin
roots, the terminology is primarily a combination of Latin,
early and modern English, and
Greek.
Answer:
False
Question:
Statutory law is the foundation for all other law in the
United States and is the supreme law of the land.
Answer:
False
Question:
A bill is a federal statute passed by Congress and signed
into law by the president.
Answer:
False
Question:
Criminal laws are a protection of society, and the
violation of criminal laws results in penalties to the
violator such as fines or imprisonment.
Answer:
True
Question:
_____ is based on the concept that law is a social institution
that should be used to promote fairness by taking into
account social and
economic realities when arriving at legal conclusions.
-Legal realism
-Natural law
-Positivism
-Legalese
Answer:
-Legal realism
Question:
_____ is the first step in learning how to make legal
decisions in a business context.
-Developing legal insight by understanding the
, fundamentals of legal theory
-Recognizing that having legal awareness may present
opportunities for proactive business planning
-Empowering business owners and managers to limit
liability and to add value to the business
-Learning to apply legal theories in practice
Answer:
-Developing legal insight by understanding the fundamentals of legal theory
Question:
Attorneys who are part of the executive or midlevel
management team of large companies are known as:
-corporate lawyers.
-litigator counsel.
-business lawyers.
-in-house counsel.
Answer:
-in-house counsel.
Question:
Which of the following is an example of equitable relief?
-A fine imposed for speeding
-A breach of contract
-A restraining order
-A statutory scheme
Answer:
-A restraining order
Question:
Which equitable maxim favors those who exercise
caution in pursuing their claims and disfavors those who
rest on their legal rights by failing
to act to protect their rights in a reasonable period of
time?
-Substance over form
-Equity aids the vigilant
-Doctrine of stare decisis
-Clean hands doctrine
Answer:
-Equity aids the vigilant
Question:
The U.S. Constitution is composed of a preamble, seven
articles, and 27 amendments.
Answer:
True
