MGT 200 EXAM 1 STUDY GUIDE COMPLETELY SOLVED.

The primary purposes of the law include all but which one of the following? a. To promote equality and justice in society. b. To allow those with better counsel to have a business advantage. c. To provide a method for resolving disputes. d. To provide a system of order that defines conduct and consequences. e. To promote good faith dealing among merchants. - ANSWER b. To allow those with better counsel to have a business advantage. All of these are primary purposes of the law except ______. a. To provide a system of order that defines conduct and consequences. b. To allow those with better counsel to have a business advantage. c. To provide a method for resolving disputes. d. To promote equality and justice in society. e. To promote good faith dealing among merchants. - ANSWER b. To allow those with better counsel to have a business advantage. Which of the following is not a primary source of law? a. Restatements of law b. Administrative law c. Constitutional law d. Common law e. Statutory law - ANSWER a. Restatements of law In determining how a statute applies, a state court judge looks at the legislative records of conferences and debates. What source is the court using to interpret the statute? I. Ordinances II. Statutory scheme III. Legislative history IV. Citations a. II, III, and IV b. I only c. II and III d. III only e. II only - ANSWER d. III only The city council passed a zoning law prohibiting any manufacturing facility to be located within one mile of a public park. The law is a a. constitutional amendment. b. federal statute. c. state statute. d. federal administrative regulation. e. local ordinance. - ANSWER e. local ordinance. The U.S.-based system of common law has deep-seated roots from a. ancient civil codes. b. French civil law. c. European statutes. d. Roman emperors. e. British common law. - ANSWER e. British common law. A state legislature passes a law that requires all contracts for the sale of goods over $500 be in writing. The law is a: a. constitutional amendment. b. state statute. c. federal administrative regulation. d. local ordinance. e. federal statute. - ANSWER b. state statute. Federal officials arrive at Joshua's home and inform him he is the subject of a tax-fraud investigation. If the government demands to search his home, what source of law provides procedural protections for Joshua from an unlawful search by the authorities without a warrant? a. Statutory law b. Restatements of law c. Common law d. Administrative law e. Constitutional law - ANSWER e. Constitutional law Which source(s) do courts look to when interpreting statutes? I. Ordinances II. Statutory scheme III. Legislative history IV. Citations a. II and III b. Il, lll, and IV c. ll only d. I, II, and III e. I only - ANSWER a. II and III Law that is essentially created by courts and relies heavily on precedent is: a. administrative law. b. common law. c. constitutional law. d. restatements of law. e. statutory law. - ANSWER b. common law. The U.S. Congress passes a law imposing criminal penalties on executives at corporations who engage in banking fraud. The law is a: a. state statute. b. federal statute. c. constitutional amendment. d. federal administrative regulation. e. local ordinance. - ANSWER b. federal statute. In determining how a statute applies, a state court judge looks at the structure of the statute and the format of the law's mandates. What is the court using to interpret the statute? I. Ordinances II. Statutory scheme III. Legislative history IV. Citations a. I only b. I, II, and III c. II and III d. II, III, and IV e. II only - ANSWER e. II only Civil-law jurisdictions, such as Japan, require courts to a. closely follow decisions of common-law courts. b. issue administrative regulations. c. adhere to a strict interpretation of a legislatively established code. d. apply equity over legal principles. e. fill in the gaps of the law when necessary. - ANSWER c. adhere to a strict interpretation of a legislatively established code. Common law: I. establishes a structure of government. II. grants specific powers for the different branches of government. III. requires approval of the legislature. IV. is composed of established principles of law based on a just resolution of disputes. a. I, II, and III b. II only. c. I and III d. I only. e. IV only. - ANSWER e. IV only. Constitutional law: I. establishes a structure of government. II. grants specific powers for the different branches of government. III. provides procedural protection of citizens against wrongful government actions. IV. allows executive branch and independent agencies to create and enforce regulations. a. I and III b. IV only c. ll only d. I, II, and III e. I only - ANSWER d. I, II, and III The principle that similar cases with similar facts and issues should have similar judicial outcomes is known as ______. a. judicial review b. Quid pro quo. c. res judicata d. stare decisis e. administrative law - ANSWER d. stare decisis In the hierarchy of primary sources of law, which of the following is the highest? a. Federal common law. b. Federal administrative law. c. Federal statutes. d. The U.S Constitution. e. State common law. - ANSWER d. The U.S. Constitution. Which of the following is the highest in the hierarchy of primary sources of law? a. Federal administrative law. b. Federal common law. c. State common law. d. State constitutions. e. Federal statutes. - ANSWER e. Federal statutes. Which of the following types of law, if any, relies primarily on the concept of stare decisis? a. Statutory law. b. Administrative law. c. Common law. d. No type of United States law. e. Regulatory law. - ANSWER c. Common law. A statute of limitations is an example of which of the following equitable maxims? a. Clean hands doctrine. b. Substance over form. c. Equity aids the vigilant. d. Equity looks to the intent rather than the form. e. Equity will not suffer a wrong without a remedy. - ANSWER c. Equity aids the vigilant. Dorian Industries employs 500 people at its headquarters in Metropolis. Dorian has an active values management program and has been committed to "producing high-quality