Chapter 1 d
Introduction to Law and Legal d d d d
Reasoning d
TRUE/FALSE QUESTIONS
d
A1. Thestabilityandpredictabilityofthelawisessentialtobusinessactivities.
ANSWER: T
d PAGE: 2 TYPE: =
NAT: AACSB Analytic
d d AICPA Critical Thinking
d d
A2. Law is a body of enforceable rules governing
d d d d
drelationships among individuals andbetween
d d d
individualsandtheir society.
d d
ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analytic
d d AICPA Legal d
A3.
d A breachofacontract is afailure to performit.
d d d d d
ANSWER: T PAGE: 3 TYPE: N
NAT: AACSB Ethics
d d AICPA Critical Thinking
d d
A4.
d Constitutional lawincludes only the U.S. Constitution.
d d d d d
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic
d d AICPA Legal d
A5.
d Astateconstitutionissupremewithinthestate‘sborders.
j
11
,
,
, 12
ANSWER: T PAGE: 4 TYPE: =
NAT: AACSB Analytic
d d AICPA Legal d
A6.
d Whetheralawisconstitutionaldependsonitssource. j
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic
d d AICPA Legal d
A7. Uniform laws apply in all states, including thoseinwhichthe laws havenot
d d d d d d d d d
been adopted.
d d
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic
d d AICPA Legal d
A8. A state law that conflicts with the U.S. Constitution will
be deemedunconstitutional.
d
ANSWER: T PAGE: 4 TYPE: =
NAT: AACSB Analytic
d d AICPA Legal d
A9.
d Statutory law does not include countyordinances.
d d j d d
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB d d d d Reflective AICPA Legal
A10. NostatehasadoptedtheUniformCommercialCodeinitsentirety.
ANSWER: F PAGE: 5 TYPE: =
NAT: AACSB d d d d Reflective AICPA Legal
A11. Commonlawisatermforlawthatiscommonthroughouttheworld.
j j j
ANSWER: F PAGE: 7 TYPE: =
NAT: AACSB Analytic
d d AICPA Critical Thinking
d d
d A12. Damagesisaremedy atlaw.
d d
ANSWER: T PAGE: 7 TYPE: =
NAT: AACSB d AICPA Legal d
Analytic
d
A13. Remedies in equity include injunctions and decrees of specific performance.
d d d d d d d d d
Introduction to Law and Legal d d d d
Reasoning d
TRUE/FALSE QUESTIONS
d
A1. Thestabilityandpredictabilityofthelawisessentialtobusinessactivities.
ANSWER: T
d PAGE: 2 TYPE: =
NAT: AACSB Analytic
d d AICPA Critical Thinking
d d
A2. Law is a body of enforceable rules governing
d d d d
drelationships among individuals andbetween
d d d
individualsandtheir society.
d d
ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analytic
d d AICPA Legal d
A3.
d A breachofacontract is afailure to performit.
d d d d d
ANSWER: T PAGE: 3 TYPE: N
NAT: AACSB Ethics
d d AICPA Critical Thinking
d d
A4.
d Constitutional lawincludes only the U.S. Constitution.
d d d d d
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic
d d AICPA Legal d
A5.
d Astateconstitutionissupremewithinthestate‘sborders.
j
11
,
,
, 12
ANSWER: T PAGE: 4 TYPE: =
NAT: AACSB Analytic
d d AICPA Legal d
A6.
d Whetheralawisconstitutionaldependsonitssource. j
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic
d d AICPA Legal d
A7. Uniform laws apply in all states, including thoseinwhichthe laws havenot
d d d d d d d d d
been adopted.
d d
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic
d d AICPA Legal d
A8. A state law that conflicts with the U.S. Constitution will
be deemedunconstitutional.
d
ANSWER: T PAGE: 4 TYPE: =
NAT: AACSB Analytic
d d AICPA Legal d
A9.
d Statutory law does not include countyordinances.
d d j d d
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB d d d d Reflective AICPA Legal
A10. NostatehasadoptedtheUniformCommercialCodeinitsentirety.
ANSWER: F PAGE: 5 TYPE: =
NAT: AACSB d d d d Reflective AICPA Legal
A11. Commonlawisatermforlawthatiscommonthroughouttheworld.
j j j
ANSWER: F PAGE: 7 TYPE: =
NAT: AACSB Analytic
d d AICPA Critical Thinking
d d
d A12. Damagesisaremedy atlaw.
d d
ANSWER: T PAGE: 7 TYPE: =
NAT: AACSB d AICPA Legal d
Analytic
d
A13. Remedies in equity include injunctions and decrees of specific performance.
d d d d d d d d d
