Business Law: Text and Cases – Clarkson (16th Edition), Cengage Learning – Test Bank with Answer Key All Chapters 1-25

TEST BANK FOR BUSINESS LAW: TEXT AND CASES 16TH
EDITION BY KENNETH CLARKSON, ROGER MILLER
ALL CHAPTERS FULLY COVERED PLUS APPENDICES| VERIFIED
QUESTIONS & 100% ACCURATE ANSWERS FOR EXAM
PREPARATIONS| A+ PASS ASSURED




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, Chapter 1

Introduction To Law And Legal Reasoning

N.B.: TYPE Indicates That A Question Is New, Modified, Or Unchanged, As Follows.

N A Question New To This Edition Of The Test Bank.

+ A Question Modified From The Previous Edition Of The Test Bank.

= A Question Included In The Previous Edition Of The Test Bank.



TRUE/FALSE QUESTIONS
A1. The Stability And Predictability Of The Law Is Essential To Business Activities. ANS: T PAGE: 2TYPE: =
NAT: AACSB Analytic AICPA Critical Thinking



A2. Law Is A Body Of Enforceable Rules Governing Relationships Among Individuals And Between
Individuals And Their Society.
ANS: T PAGE: 2 TYPE: =

NAT: AACSB Analytic AICPA Legal



A3. A Breach Of A Contract Is A Failure To Perform It. ANS: T PAGE: 3TYPE: N
NAT: AACSB Ethics AICPA Critical Thinking A



4. Constitutional Law Includes Only The U.S. Constitution.
ANS: F



A5. A State Constitution Is Supreme Within The State‘S Borders.
ANS: T PAGE: 4 TYPE: =

NAT: AACSB Analytic AICPA Legal A




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, 6. Whether A Law Is Constitutional Depends On Its Source.
ANS: 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. ANS:F
PAGE: 4TYPE: =
NAT: AACSB Analytic AICPA Legal



A8. A State Law That Conflicts With The U.S. Constitution Will
Be Deemed Unconstitutional.
ANS: T PAGE: 4 TYPE: =

NAT: AACSB Analytic AICPA Legal A



9. Statutory Law Does Not Include County Ordinances.
ANS: F PAGE: 4 TYPE: =

NAT: AACSB Reflective AICPA Legal



A10. No State Has Adopted The Uniform Commercial Code In Its Entirety.



ANS: F PAGE: 5 TYPE: =

NAT: AACSB Reflective AICPA Legal



A11. Common Law Is A Term For Law That Is Common Throughout The World. ANS: F


A12. Damages Is A Remedy At Law.
ANS: T PAGE: 7 TYPE: =




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, NAT: AACSB Analytic AICPA Legal



A13. Remedies in equity include injunctions and decrees of specific performance. ANS: T PAGE: 7TYPE: =
NAT: AACSB Analytic AICPA Legal



A14. In most states, the courts no longer grant ―equitable‖ remedies.
ANS: F PAGE: 8 TYPE: =

NAT: AACSB Analytic AICPA Legal



A15. A defendant is a person against whom a lawsuit is brought. ANS:T PAGE: 8TYPE: =
NAT: AACSB Analytic AICPA Legal



A16. Courts do not depart from precedents. ANS: F PAGE: 9TYPE: =
NAT: AACSB Reflective AICPA Critical Thinking



A17. A judge‘s function is to make the law.
ANS: F PAGE: 13 TYPE: N

NAT: AACSB Analytic AICPA Legal



A18. Criminal law focuses on duties that exist between persons. ANS: F
A19. A reference to ―28 U.S.C. Section 1332‖ means that a statute can be found in section 1332 of title 28
of the United States Code.
ANS: T PAGE: 15 TYPE: =

NAT: AACSB Analytic AICPA Research



A20. Most state trial court decisions are not published. ANS: T PAGE: 16 TYPE: =
NAT: AACSB Analytic AICPA Research



MULTIPLE CHOICE QUESTIONS

A1. The legislature of the state of Mississippi enacts a new statute that sets standards for the liability of
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