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: 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.
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: 3 type: 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: 4 type: =
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: 7 type: =
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: 8
type: =
Nat: aacsb analytic aicpa legal
A16. Courts do not depart from precedents.ans: f page: 9 type: =
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
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