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TITLE:
Business Law Essentials 1st Edition By Mirande
Valbrune, Renee De Assis, Suzanne Cardell, Tess
Taylor | Test Bank All Chapters Verified
SUBJECT:
Business Law
TEST BANK
COMPLETE QUESTION BANK
✓ Multiple Choice Questions PRACTICE SMART • SCORE HIGHER!
✓ True / False Questions
✓ Short Answer Questions 📚 BUSINESS • ACCOUNTING • ECONOMICS
✓ Essay Questions
✓ Chapter-wise Organization 📚 MANAGEMENT • FINANCE • STATISTICS
✓ Updated & Accurate Content
✓ Covers Key Topics 📚 PSYCHOLOGY • ENGINEERING • COMPUTER SCIENCE
✓ Ideal for Exam Preparation
ISBN:
9781975076627
9781951693763
WIDE RANGE INSTANT EXAM STUDENTS
OF SUBJECTS DOWNLOAD PREPARATION WORLDWIDE
Editable A4 cover template — replace the blank Title, Subject and ISBN fields.
,StudyVault UK All Chapters verified
Table of Contents
1. American Law, Legal Reasoning, and the Legal System
2. Disputes and Dispute Settlement
3. Business Ethics and Social Responsibility
4. Business and the United States Constitution
5. Criminal Liability
6. The Tort System
7. Contract Law
8. Sales Contracts
9. Employment and Labor Law
10.Government Regulation
11.Antitrust Law
12.Unfair Trade Practices and the Federal Trade Commission
13.International Law
14.Securities Regulation
All Chapters verified StudyVault UK
,StudyVault UK All Chapters verified
Instructor Answer Guide - Assessment Questions
Chapter 1
1) Which country does the United States legal system derive from?
a) Germany.
b) United Kingdom.
c) United States of America.
d) Canada.
Answer: b
2) What is the function of law in the United States?
a) Establish standards.
b) Promote consistency.
c) Promote, provide, and maintain order.
d) All of the above.
Answer: d
3) As a judge, Baxter applies common law rules. These rules develop from
a) decisions of the courts in legal disputes.
b) regulations issued by administrative agencies.
c) statutes enacted by Congress and the state legislatures.
d) uniform laws drafted by legal scholars.
Answer: a
4) What is the difference between state and federal law?
Answer: Federal law is created at the national level, and applies to the entire nation (all 50
states and the District of Columbia), and U.S. territories. The U.S. Constitution forms the
basis for federal law; it establishes government, power and responsibility, as well as
preservation of the basic rights of every citizen. State law is the law of each separate U.S.
state and is applicable in that specific state. The state law applies to residents and visitors of
the state, and also to business entities, corporations, or any organizations based or
operating in that state.
All Chapters verified StudyVault UK
, StudyVault UK All Chapters verified
5) The legislature of the state of Wyoming enacts a new statute that sets standards for the
liability of businesses selling defective products. This statute applies in:
a) Wyoming only.
b) only Wyoming and its bordering states.
c) all states.
d) all states but only to matters not covered by other states’ laws.
Answer: a
6) Alex has been sued by Will for failure to pay rent for their apartment which source of law
will govern this lawsuit?
a) Administrative law.
b) The Constitution.
c) Civil Law.
d) Criminal Law.
Answer: c
7) Four sources of law in the U.S. legal system are:
a) Constitutional law, criminal law, civil law, and maritime law.
b) Federal law, state law, international law, and maritime law.
c) Statutory law, case law, equity, and common law.
d) Constitutional law, judicial law, legislative law, and administrative law.
Answer: d
8) Where can you find a codification of federal laws?
a) The library.
b) Federal Court.
c) United States Code.
d) U.S. Library of Congress.
Answer: c
9) What is the supreme law of the land? What are statutes? What are ordinances? What is an
administrative rule?
Answer: What is the supreme law of the land? The federal constitution is the supreme law
of the land. What are statutes? Laws enacted by Congress or a state legislative body. What
are ordinances? Laws enacted by local legislative bodies. What are administrative rules?
Laws issued by administrative agencies under the authority given to them in statutes.
10) Regulations are:
a) Laws passed by Congress.
All Chapters verified StudyVault UK
StudyVault UK BETTER GRADES
YOUR ACADEMIC PARTNER
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
TITLE:
Business Law Essentials 1st Edition By Mirande
Valbrune, Renee De Assis, Suzanne Cardell, Tess
Taylor | Test Bank All Chapters Verified
SUBJECT:
Business Law
TEST BANK
COMPLETE QUESTION BANK
✓ Multiple Choice Questions PRACTICE SMART • SCORE HIGHER!
✓ True / False Questions
✓ Short Answer Questions 📚 BUSINESS • ACCOUNTING • ECONOMICS
✓ Essay Questions
✓ Chapter-wise Organization 📚 MANAGEMENT • FINANCE • STATISTICS
✓ Updated & Accurate Content
✓ Covers Key Topics 📚 PSYCHOLOGY • ENGINEERING • COMPUTER SCIENCE
✓ Ideal for Exam Preparation
ISBN:
9781975076627
9781951693763
WIDE RANGE INSTANT EXAM STUDENTS
OF SUBJECTS DOWNLOAD PREPARATION WORLDWIDE
Editable A4 cover template — replace the blank Title, Subject and ISBN fields.
,StudyVault UK All Chapters verified
Table of Contents
1. American Law, Legal Reasoning, and the Legal System
2. Disputes and Dispute Settlement
3. Business Ethics and Social Responsibility
4. Business and the United States Constitution
5. Criminal Liability
6. The Tort System
7. Contract Law
8. Sales Contracts
9. Employment and Labor Law
10.Government Regulation
11.Antitrust Law
12.Unfair Trade Practices and the Federal Trade Commission
13.International Law
14.Securities Regulation
All Chapters verified StudyVault UK
,StudyVault UK All Chapters verified
Instructor Answer Guide - Assessment Questions
Chapter 1
1) Which country does the United States legal system derive from?
a) Germany.
b) United Kingdom.
c) United States of America.
d) Canada.
Answer: b
2) What is the function of law in the United States?
a) Establish standards.
b) Promote consistency.
c) Promote, provide, and maintain order.
d) All of the above.
Answer: d
3) As a judge, Baxter applies common law rules. These rules develop from
a) decisions of the courts in legal disputes.
b) regulations issued by administrative agencies.
c) statutes enacted by Congress and the state legislatures.
d) uniform laws drafted by legal scholars.
Answer: a
4) What is the difference between state and federal law?
Answer: Federal law is created at the national level, and applies to the entire nation (all 50
states and the District of Columbia), and U.S. territories. The U.S. Constitution forms the
basis for federal law; it establishes government, power and responsibility, as well as
preservation of the basic rights of every citizen. State law is the law of each separate U.S.
state and is applicable in that specific state. The state law applies to residents and visitors of
the state, and also to business entities, corporations, or any organizations based or
operating in that state.
All Chapters verified StudyVault UK
, StudyVault UK All Chapters verified
5) The legislature of the state of Wyoming enacts a new statute that sets standards for the
liability of businesses selling defective products. This statute applies in:
a) Wyoming only.
b) only Wyoming and its bordering states.
c) all states.
d) all states but only to matters not covered by other states’ laws.
Answer: a
6) Alex has been sued by Will for failure to pay rent for their apartment which source of law
will govern this lawsuit?
a) Administrative law.
b) The Constitution.
c) Civil Law.
d) Criminal Law.
Answer: c
7) Four sources of law in the U.S. legal system are:
a) Constitutional law, criminal law, civil law, and maritime law.
b) Federal law, state law, international law, and maritime law.
c) Statutory law, case law, equity, and common law.
d) Constitutional law, judicial law, legislative law, and administrative law.
Answer: d
8) Where can you find a codification of federal laws?
a) The library.
b) Federal Court.
c) United States Code.
d) U.S. Library of Congress.
Answer: c
9) What is the supreme law of the land? What are statutes? What are ordinances? What is an
administrative rule?
Answer: What is the supreme law of the land? The federal constitution is the supreme law
of the land. What are statutes? Laws enacted by Congress or a state legislative body. What
are ordinances? Laws enacted by local legislative bodies. What are administrative rules?
Laws issued by administrative agencies under the authority given to them in statutes.
10) Regulations are:
a) Laws passed by Congress.
All Chapters verified StudyVault UK
