Test Bank for Business Law; Text and Cases 16th Edition (Cengage Learning, 2024) by Kenneth W. Clarkson and Roger Leroy Miller, Isbn no; 9780357985533, all 51 Chapters Covered

TEST BANK
BUSINESS LAW; TEXT AND CASES 16TH EDITION
(CENGAGE LEARNING, 2024) BY KENNETH W.
CLARKSON AND ROGER LEROY MILLER, ISBN NO;
9780357985533, ALL 51 CHAPTERS COVERED




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,Test Bank for Business Law; Text and Cases 16th Edition (Cengage Learning, 2024) by
Kenneth W. Clarkson and Roger Leroy Miller, Isbn no; 9780357985533, all 51 Chapters
TABLE OF CONTENTS
Unit I: The Legal Environment of Business

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: Torts and Crimes
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



Unit III: Contracts and E-Contracts
11) Nature and Terminology
12) Agreement
13) Consideration
14) Capacity and Legality
15) Mistakes, Fraud, and Voluntary Consent
16) The Writing Requirement
17) Third Party Rights
18) Performance and Discharge
19) Breach of Contract and Remedies



Unit IV: Domestic and International Sales and Lease Contracts
20) Sales and Lease Contracts
21) Title, Risk, and Insurable Interest
22) Performance and Breach of Sales and Lease Contracts
23) Warranties
24) International and Space Law



Unit V: Negotiable Instruments
25) Negotiable Instruments
26) Transferability and Holder in Due Course
27) Liability, Defenses, and Discharge
28) Banking


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, Unit VI: Creditors’ Rights and Bankruptcy
29) Creditors’ Rights and Remedies
30) Secured Transactions
31) Bankruptcy Law



Unit VII: Agency and Employment
32) Agency Formation and Duties
33) Agency Liability and Termination
34) Employment, Immigration, and Labor Law
35) Employment Discrimination



Unit VIII: Business Organizations
36) Small Businesses and Franchises
37) All Forms of Partnerships
38) Limited Liability Companies and Special Business Forms
39) Corporate Formation and Financing
40) Corporate Directors, Officers, and Shareholders
41) Mergers and Takeovers
42) Investor Protection, Insider Trading, and Corporate Governance



Unit IX: Government Regulation
43) Administrative Agencies
44) Consumer Law
45) Environmental Protection
46) Antitrust Law
47) Professional Liability and Accountability



Unit X: Property and Its Protection
48) Personal Property and Bailments
49) Real Property and Landlord–Tenant Law
50) Insurance
51) Wills and Trusts




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, Test Bank for Business Law; Text and Cases 16th Edition (Cengage
Learning, 2024) by Kenneth W. Clarkson and Roger Leroy Miller,
Isbn no; 9780357985533, all 51 Chapters Covered
Chapter 1 Introduction to Law and Legal Reasoning
TRUE/FALSE QUESTIONS


A1. The stability and predictability of the law is essential to business activities.
ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analytic AICPA Critical Thinking


A2. Law is a body of enforceable rules governing relationships among individuals and
between individuals and their society.
ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analytic AICPA Legal


A3. A breach of a contract is a failure to perform it.


ANSWER: T PAGE: 3 TYPE: N
NAT: AACSB Ethics AICPA Critical Thinking A4. Constitutional law includes only the U.S.
Constitution.


A5. A state constitution is supreme within the state’s borders.


ANSWER: T PAGE: 4 TYPE: =
NAT: AACSB Analytic AICPA Legal A6. Whether a law is constitutional depends on its
source.
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic AICPA Legal


A7. Uniform laws apply in all states, including those in which the laws have not been
adopted.


ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic AICPA Legal



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