• Wrong document? Swap it for free
  • Written by students who passed
  • Immediately available after payment
  • Read online or as PDF
Sell
Where do you study
Your language
Document preview thumbnail
Preview 4 out of 487 pages
Exam (elaborations)

Test Bank for The Legal Environment of Business: Text and Cases, 12th Edition by Frank B. Cross and Roger LeRoy Miller

Document preview thumbnail
Preview 4 out of 487 pages

Test Bank for The Legal Environment of Business: Text and Cases, 12e 12th Edition by Frank B. Cross, Roger LeRoy Miller. Full Chapters (Chap 1 to 28) test bank are included with answers. Unit I: The Foundations. 1. Law and Legal Reasoning. 2. Business and the Constitution. 3. Ethics in Business. 4. Courts and Alternative Dispute Resolution. 5. Court Procedures. Unit II: The Public and International Environment. 6. Tort Law. 7. Strict Liability and Product Liability. 8. Intellectual Property Rights. 9. Internet Law, Social Media, and Privacy. 10. Criminal Law and Cyber Crime. 11. International and Space Law. Unit III: The Commercial Environment. 12. Formation of Traditional and E-Contracts. 13. Contract Performance, Breach, and Remedies. 14. Sales and Lease Contracts. 15. Creditor-Debtor Relations and Bankruptcy. Unit IV: The Business and Employment Environment. 16. Small Businesses and Franchises. 17. Limited Liability Business Forms. 18. Corporations. 19. Agency Relationships. 20. Employment Law. 21. Employment Discrimination. 22. Immigration and Labor Law. Unit V: The Regulatory Environment. 23. Administrative Agencies. 24. Consumer Protection. 25. Environmental Law. 26. Real Property and Land-Use Control. 27. Antitrust Law. 28. Investor Protection and Corporate Governance.

Content preview

Chapter 01 12e Cross

Indicate whether the statement is true or false.
1. In a criminal case, the object is to protect an individual.
a. True
b. False

ANSWER: False

2. A secondary source of law establishes the law on a particular issue.
a. True
b. False

ANSWER: False

3. The study of business law involves an ethical dimension.
a. True
b. False

ANSWER: True

4. Because laws may change, the ability to analyze and evaluate the legal ramifications of situations as they arise is
a lasting skill.
a. True
b. False

ANSWER: True

5. In the case citation, Badawi v. Albin, 311 Neb. 603, 973 N.W.2d 714 (2022), the opinion for this case can be
found in Volume 311 of the Nebraska Reports on page 603, and the parallel citation is to Volume 973 of the
North Western Reporter, Second Series, on page 714.
a. True
b. False

ANSWER: True

6. The U.S. Constitution is the basis of all law in the United States.
a. True
b. False

ANSWER: True

7. A federal statute applies only to those states that agree to apply it within their borders.
a. True
b. False

ANSWER: False



Page 1

,Name: Class: Date:

Chapter 01 12e Cross

8. A constitution is a primary source of law.
a. True
b. False

ANSWER: True

9. Frequently, people use the term cyberlaw to refer to the emerging body of law that governs transactions
conducted via the internet.
a. True
b. False

ANSWER: True

10. A local ordinance commonly has to do with a matter concerning only a local governing unit.
a. True
b. False

ANSWER: True

11. A legal encyclopedia is a secondary source of law.
a. True
b. False

ANSWER: True

12. Law consists of enforceable rules governing relationships among individuals and between individuals and their
society.
a. True
b. False

ANSWER: True

13. Courts will not grant an equitable remedy unless the remedy at law is adequate.
a. True
b. False

ANSWER: False

14. Congress or a state legislature establishes an administrative agency to perform a specific function.
a. True
b. False

ANSWER: True




Page 2

,Name: Class: Date:

Chapter 01 12e Cross

15. Federal agency regulations take precedence over conflicting state regulations.
a. True
b. False

ANSWER: True

16. The doctrines and principles announced in court decisions govern all areas not covered by statutory or
administrative law.
a. True
b. False

ANSWER: True

17. There is one right answer to every legal question.
a. True
b. False

ANSWER: False

18. A court should overturn its precedents only when there is a compelling reason to do so.
a. True
b. False

ANSWER: True

19. Compartmentalizing the law into discrete topics indicates that each business transaction is subject to only one
specific area of the law.
a. True
b. False

ANSWER: False

20. Rules issued by administrative agencies affect almost every aspect of a business’s operations.
a. True
b. False

ANSWER: True

21. A case of first impression is any legal authority or source of law that a court may look to for guidance but need
not follow when making its decision.
a. True
b. False

ANSWER: False




Page 3

, Name: Class: Date:

Chapter 01 12e Cross

22. Under the doctrine of stare decisis, judges are obligated to follow the precedents established within all
jurisdictions.
a. True
b. False

ANSWER: False

23. Independent regulatory agencies are subject to the authority of the president.
a. True
b. False

ANSWER: True

24. The basis of a civil law system is a written code of laws.
a. True
b. False

ANSWER: True

25. A trial court case was appealed, and the appellate case was called Smith v. Williams, which indicates that Smith
was the plaintiff in the case at trial and Williams was the defendant.
a. True
b. False

ANSWER: False

26. Civil law has to do with wrongs committed against society for which society demands redress.
a. True
b. False

ANSWER: False

27. With respect to the study of jurisprudence, there is essentially one school of legal thought.
a. True
b. False

ANSWER: False

28. A state legislature has the option of adopting or rejecting a uniform law.
a. True
b. False

ANSWER: True




Page 4

Document information

Uploaded on
October 20, 2024
Number of pages
487
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers
$29.99

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
Tutor247
4.2
(877)
Sold
7066
Followers
3563
Items
1313
Last sold
10 hours ago



Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions