TEST BANK FOR BUSINESS LAW AND CASES 12TH EDITION BY KENNETH W CLARKSON ROGER LEROY MILLER FRANK B

1




TEST BANK FOR BUSINESS LAW AND CASES
12TH EDITION BY KENNETH W CLARKSON RO
GER LEROY MILLER FRANK B




Chapter 1 c




Introduction to Law and Legal
c c c c


Reasoning
c


ANSWER: F PAGE: 4 TYPE: =

NAT: c AACSB AICPA
c Analytic c Legal

, 2




TRUE/FALSE cQUESTIONS

A1. The cstability cand cpredictability cof cthe claw cis cessential cto cbusiness cactivities.

ANSWER: T PAGE: 2 TYPE: =
NAT: c AACSB c Analytic AICPA c Critical c Thinking

A2. Law cis ca cbody cof cenforceable crules cgoverning crelationships camong
cindividuals cand cbetween cindividuals cand ctheir csociety.


ANSWER: T PAGE: 2 TYPE: =

NAT: c AACSB c Analytic AICPA c Legal

A3. A cbreach cof ca ccontract cis ca cfailure cto cperform cit.

ANSWER: T PAGE: 3 TYPE: N

NAT: cAACSB cEthics AICPA cCritical

cThinking cA4. Constitutional claw

cincludes conly cthe cU.S. cConstitution.




ANSWER: F PAGE: 4 TYPE: =

NAT: c AACSB AICPA
c Analytic c Legal

, 3


A5. A cstate cconstitution cis csupreme cwithin cthe cstate’s cborders.

ANSWER: T PAGE: 4 TYPE: =
NAT: cAACSB cAnalytic AICPA cLegal

cA6. Whether ca claw cis cconstitutional cdepends con cits

csource.




ANSWER: F PAGE: 4 TYPE: =

NAT: c AACSB c Analytic AICPA c Legal

A7. Uniform claws capply cin call cstates, cincluding cthose cin cwhich cthe claws
chave cnot cbeen cadopted.


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

A8. A state law that conflicts with the U.S. Constitution will be deemed
cunconstitutional.




ANSWER: T PAGE: 4 TYPE: =

NAT: cAACSB cAnalytic AICPA cLegal

cA9. Statutory claw cdoes cnot cinclude ccounty cordinances.


ANSWER: F PAGE: 4 TYPE: =

NAT: c AACSB c Reflective AICPA c Legal

A10. No cstate chas cadopted cthe cUniform cCommercial cCode cin cits centirety.

ANSWER: F PAGE: 5 TYPE: =

NAT: c AACSB c Reflective AICPA c Legal


ANSWER: F PAGE: 7 TYPE: =

NAT: c AACSB AICPA c Critical
c Analytic c Thinking

, 4

A11. Common claw cis ca cterm cfor claw cthat cis ccommon cthroughout cthe cworld.




ANSWER: F PAGE: 7 TYPE: =

NAT: c AACSB AICPA c Critical
c Analytic c Thinking