Test Bank — Business Law: Text & Exercises, 10th Edition — Roger LeRoy Miller — ISBN 9780357717417 — Latest Update 2025/2026 — (All Chapters Covered 1–43)

Business Law: Text &
Exercises 10th Edition
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TEST BANK
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Roger LeRoy Miller
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Comprehensive Test Bank for Instructors
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and Students
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© Roger LeRoy Miller. All rights reserved. Reproduction or distribution without permission

is prohibited.
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, TABLE OF CONTENTS

Test Bank – Business Law: Text & Exercises, 10th Edition (ISBN 9780357717417)
Roger LeRoy Miller
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Unit 1: The Law and Our Legal System
Chapter 1. Introduction to the Law
Chapter 2. Ethics in Business
Chapter 3. The Courts and Our Legal System
Chapter 4. Constitutional Law
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Chapter 5. Business Torts
Chapter 6. Intellectual Property
Chapter 7. Business Crimes

Unit 2: Contracts
Chapter 8. Introduction to Contracts
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Chapter 9. Offer and Acceptance
Chapter 10. Consideration
Chapter 11. Capacity
Chapter 12. The Legality of Agreements
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Chapter 13. Voluntary Consent
Chapter 14. Contracts That Must Be in Writing
Chapter 15. Third Party Rights
Chapter 16. Termination and Remedies
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Unit 3: Sales and Leases
Chapter 17. Introduction to Sales and Lease Contracts
Chapter 18. Title and Risk of Loss
Chapter 19. Performance and Breach
Chapter 20. Warranties and Product Liability
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Chapter 21. Consumer Protection

Unit 4: Negotiable Instruments
Chapter 22. The Essentials of Negotiability
Chapter 23. Negotiable Instruments: Transfer and Liability
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Chapter 24. Banking

Unit 5: Agency and Employment
Chapter 25. Agency Relationships
Chapter 26. Employment, Immigration, and Labor Law
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Chapter 27. Employment Discrimination

Unit 6: Business Organizations
Chapter 28. Types of Business Organizations
Chapter 29. Formation and Ownership of a Corporation
Chapter 30. Management of a Corporation
Chapter 31. Combining and Dissolving Corporations



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, Unit 7: Credit and Risk
Chapter 32. Security Interests and Creditors’ Remedies
Chapter 33. Mortgages
Chapter 34. Bankruptcy
Chapter 35. Insurance

Unit 8: Property
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Chapter 36. Personal Property
Chapter 37. Bailments
Chapter 38. Real Property
Chapter 39. Landlord and Tenant Law
Chapter 40. Wills and Trusts
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Unit 9: Special Topics
Chapter 41. Administrative Law
Chapter 42. Antitrust Law
Chapter 43. International and Space Law
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, Name: Class: Date:

Chapter 01: Introduction to the Law
1. Law consists of enforceable rules governing individuals and their society.
a. True
b. False
ANSWER: True
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2. Laws and government regulations affect almost all business activities.
a. True
b. False
ANSWER: True
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3. Business people do not need to understand court processes because if they are sued, the lawyers will know those rules.
a. True
b. False
ANSWER: False
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4. The study of business law involves an ethical dimension.
a. True
b. False
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ANSWER: True

5. Small-business owners are company leaders who do not have to deal with management issues and understand the
detailed laws.
a. True
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b. False
ANSWER: False

6. Precedents are court decisions that guide future legal decisions to create stability, consistency, and predictability.
a. True
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b. False
ANSWER: True

7. A small-business owner is likely to face legal questions when determining ways to reduce business taxes.
a. True
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b. False
ANSWER: True

8. Administrative agencies make rules and regulations called administrative law.
a. True
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b. False
ANSWER: True

9. Stare decisis is a doctrine obligating judges to help persons who have failed to protect their own rights.
a. True
b. False
ANSWER: False
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