1
Chapter1 h
IntroductiontoLawandLegal h h h h
Reasoning h
TRUE/FALSEQUESTIONS h
A1. The stability and predictability of the law is essential tobusiness activities.
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ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analytic h h AICPA Critical Thinking
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A2. Lawisa body ofenforceablerules governing relationships among individualsand
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between individuals and their society.
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ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analytic h h AICPA Legal h
A3. A breach of a contract is a failure to perform it.
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ANSWER: T PAGE: 3 TYPE: N
NAT: AACSB Ethics h h AICPA Critical Thinking
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A4.
h Constitutional law includes only the U.S. Constitution. h h h h h h
ANSWER: F PAGE: 4 TYPE: =
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, 2
A5. Astateconstitutionissupremewithinthestate’sborders.
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ANSWER: T PAGE: 4 TYPE: =
NAT: AACSB Analytic
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A6.
h Whether a law is constitutional depends onits source.
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ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic
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A7. Uniform laws apply in all states, including those in which the laws have not
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been adopted.
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ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic
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A8. A state law that conflicts with the U.S. Constitution will be deemed
unconstitutional.
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ANSWER: T PAGE: 4 TYPE: =
NAT: AACSB Analytic
h h AICPA Legal h
A9.
h Statutory law does not include county ordinances.
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ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Reflective
h h AICPA Legal h
A10. No state has adopted the Uniform Commercial Code in its entirety.
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ANSWER: F PAGE: 5 TYPE: =
NAT: AACSB Reflective
h h AICPA Legal h
A11. Commonlawis aterm forlawthatiscommonthroughoutthe world.
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ANSWER: F PAGE: 7 TYPE: =
NAT: AACSB Analytic
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, 3
A12. Damages is a remedy at law.
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ANSWER: T PAGE: 7 TYPE: =
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A13. Remedies in equity include injunctions and decrees of specific performance.
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ANSWER: T PAGE: 7 TYPE: =
NAT: AACSB Analytic
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A14. Inmoststates,thecourts nolongergrant “equitable”remedies.
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ANSWER: F PAGE: 8 TYPE: =
NAT: AACSB Analytic
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h A15. A defendant is a person against whom a lawsuit is brought.
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ANSWER: T PAGE: 8 TYPE: =
NAT: AACSB Analytic
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A16. Courtsdonotdepartfromprecedents.
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ANSWER: F PAGE: 9 TYPE: =
NAT: AACSB Reflective
h h AICPA Critical Thinking
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A17. A judge’s function is to make the law.
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ANSWER: F PAGE: 13 TYPE: N
NAT: AACSB Analytic
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A18. Criminal law focuses on duties that exist between persons.
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ANSWER: F PAGE: 14 TYPE: =
NAT: AACSB Analytic
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, 4
A19. A reference to “28 U.S.C. Section 1332” means that a statute can be found in section
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1332 of title 28 of the UnitedStatesCode.
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ANSWER: T PAGE: 15 TYPE: =
NAT: AACSB Analytic h h AICPA Research h
A20.
h Most state trial court decisions are not published.
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ANSWER: T PAGE: 16 TYPE: =
NAT: AACSB Analytic h h AICPA Research h
MULTIPLECHOICEQUESTIONSh h
A1. The legislature of the state of Mississippi enacts a new statute that sets standards
h h h h h h h h h h h h h
for the liability of businesses selling defective products. This statute applies
h h h h h h h h h h h
a. only in Mississippi. h h
b. only in Mississippi andits border states.
h h h h h h
c. inallstates.
h h
d. inallstates but onlytomatters notcovered byotherstates’ laws.
h h h h h h h h h h h h
ANSWER: A PAGE: 4 TYPE: N
NAT: AACSB Reflective h h AICPA Critical Thinking h h
A2. Lewis is a state court judge. Like other judges, Lewis often refers to
h h h h h h h h h h h h
secondary sources of law for guidance. These sources include
h h h h h h h h h
a. officialcommentstostatute. h h h
b. other states’ statutes. h h
c. stateconstitutions. h
d. the U.S. Constitution.
h h
Chapter1 h
IntroductiontoLawandLegal h h h h
Reasoning h
TRUE/FALSEQUESTIONS h
A1. The stability and predictability of the law is essential tobusiness activities.
h h h h h h h h h h h
ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analytic h h AICPA Critical Thinking
h h
A2. Lawisa body ofenforceablerules governing relationships among individualsand
h h h h h h h h h h h
between individuals and their society.
h h h h h
ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analytic h h AICPA Legal h
A3. A breach of a contract is a failure to perform it.
h h h h h h h h h h
ANSWER: T PAGE: 3 TYPE: N
NAT: AACSB Ethics h h AICPA Critical Thinking
h h
A4.
h Constitutional law includes only the U.S. Constitution. h h h h h h
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic h h AICPA Legal h
, 2
A5. Astateconstitutionissupremewithinthestate’sborders.
h h h h h h h h
ANSWER: T PAGE: 4 TYPE: =
NAT: AACSB Analytic
h h AICPA Legal h
A6.
h Whether a law is constitutional depends onits source.
h h h h h h h h
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic
h h AICPA Legal h
A7. Uniform laws apply in all states, including those in which the laws have not
h h h h h h h h h h h h h
been adopted.
h h
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic
h h AICPA Legal h
A8. A state law that conflicts with the U.S. Constitution will be deemed
unconstitutional.
h
ANSWER: T PAGE: 4 TYPE: =
NAT: AACSB Analytic
h h AICPA Legal h
A9.
h Statutory law does not include county ordinances.
h h h h h h
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Reflective
h h AICPA Legal h
A10. No state has adopted the Uniform Commercial Code in its entirety.
h h h h h h h h h h
ANSWER: F PAGE: 5 TYPE: =
NAT: AACSB Reflective
h h AICPA Legal h
A11. Commonlawis aterm forlawthatiscommonthroughoutthe world.
h h h h h h h h h h h h
ANSWER: F PAGE: 7 TYPE: =
NAT: AACSB Analytic
h h AICPA Critical Thinking
h h
, 3
A12. Damages is a remedy at law.
h h h h h
ANSWER: T PAGE: 7 TYPE: =
NAT: AACSB Analytic
h h AICPA Legal h
A13. Remedies in equity include injunctions and decrees of specific performance.
h h h h h h h h h
ANSWER: T PAGE: 7 TYPE: =
NAT: AACSB Analytic
h h AICPA Legal h
A14. Inmoststates,thecourts nolongergrant “equitable”remedies.
h h h h h h h h h
ANSWER: F PAGE: 8 TYPE: =
NAT: AACSB Analytic
h h AICPA Legal h
h A15. A defendant is a person against whom a lawsuit is brought.
h h h h h h h h h h
ANSWER: T PAGE: 8 TYPE: =
NAT: AACSB Analytic
h h AICPA Legal h
A16. Courtsdonotdepartfromprecedents.
h h h h h
ANSWER: F PAGE: 9 TYPE: =
NAT: AACSB Reflective
h h AICPA Critical Thinking
h h
A17. A judge’s function is to make the law.
h h h h h h h
ANSWER: F PAGE: 13 TYPE: N
NAT: AACSB Analytic
h h AICPA Legal h
A18. Criminal law focuses on duties that exist between persons.
h h h h h h h h
ANSWER: F PAGE: 14 TYPE: =
NAT: AACSB Analytic
h h AICPA Legal h
, 4
A19. A reference to “28 U.S.C. Section 1332” means that a statute can be found in section
h h h h h h h h h h h h h h h
1332 of title 28 of the UnitedStatesCode.
h h h h h h h h h
ANSWER: T PAGE: 15 TYPE: =
NAT: AACSB Analytic h h AICPA Research h
A20.
h Most state trial court decisions are not published.
h h h h h h h
ANSWER: T PAGE: 16 TYPE: =
NAT: AACSB Analytic h h AICPA Research h
MULTIPLECHOICEQUESTIONSh h
A1. The legislature of the state of Mississippi enacts a new statute that sets standards
h h h h h h h h h h h h h
for the liability of businesses selling defective products. This statute applies
h h h h h h h h h h h
a. only in Mississippi. h h
b. only in Mississippi andits border states.
h h h h h h
c. inallstates.
h h
d. inallstates but onlytomatters notcovered byotherstates’ laws.
h h h h h h h h h h h h
ANSWER: A PAGE: 4 TYPE: N
NAT: AACSB Reflective h h AICPA Critical Thinking h h
A2. Lewis is a state court judge. Like other judges, Lewis often refers to
h h h h h h h h h h h h
secondary sources of law for guidance. These sources include
h h h h h h h h h
a. officialcommentstostatute. h h h
b. other states’ statutes. h h
c. stateconstitutions. h
d. the U.S. Constitution.
h h
