Business Law exam 1 (ch. 1-19) sample questions with answers

Business Law exam 1 (ch. 1-19) sample questions with answers(T/F) 1 Common law is a type of law that only applies to "common" transactions involving less than $100. - correct answer False (T/F) Law consists of suggestions and policies that society uses to advise individuals in their relationships. - correct answer False (T/F)The right to privacy against an unreasonable search of one's home is guaranteed by the Fourth Amendment to the United States Constitution. - correct answer True (T/F)Generally, a right can exist without a duty. - correct answer False (T/F) All of our laws are found in the United States Constitution. - correct answer False (T/F) The EEOC is an example of a law drafted by the National Conference of Commissioners on Uniform State Laws (NCCUSL). - correct answer False A ________ is a decision by a court that becomes the law in future cases that involve the same legal problem. a. warrant b. regulation c. statute d. precedent - correct answer (d) Precedent The Uniform Commercial Code was written by: a. the Congress.