Business Law Midterm Exam 2026
Questions and Answers Graded A+
Law can be classified into areas of public and private law. Public law includes
those bodies of law (such as constitutional law, administrative law, and criminal
law) that affect the public generally. - Correct answer-True
The reasoning and principles for a decision by a Federal Court of Appeals or the
United States Supreme Court are considered a source of law in America. - Correct
answer-True
Stare decisis is a doctrine obligating judges to help persons who have failed to
protect their own rights. - Correct answer-False
With respect to negligence, the concept of actual causation can generally be
summarized as the "but-for" test. - Correct answer-True
An action may be legal but not necessarily ethical. - Correct answer-True
Procedural law is that aspect of the law that regulates and controls the rights and
duties of persons and is used to resolve disputes. - Correct answer-False
, A state court can generally exercise jurisdiction over any property within the
boundaries of the state. - Correct answer-True
A business is only subject to the jurisdiction of those states in which it is
incorporated. - Correct answer-False
A counterclaim is prepared by a plaintiff as an answer against a defendant's initial
petition or complaint. - Correct answer-False
A federal court always has diversity of citizenship jurisdiction over a particular
dispute when the plaintiff and defendant are from two different states. - Correct
answer-False
A small claims court is an example of a court of limited jurisdiction. - Correct
answer-True
When determining which state's law to apply in a dispute between persons from
two or more states, courts will look to principles of conflicts of law. - Correct
answer-True
A writ of certiorari is a type of equitable remedy available when someone defaults
under a contract. - Correct answer-False
Questions and Answers Graded A+
Law can be classified into areas of public and private law. Public law includes
those bodies of law (such as constitutional law, administrative law, and criminal
law) that affect the public generally. - Correct answer-True
The reasoning and principles for a decision by a Federal Court of Appeals or the
United States Supreme Court are considered a source of law in America. - Correct
answer-True
Stare decisis is a doctrine obligating judges to help persons who have failed to
protect their own rights. - Correct answer-False
With respect to negligence, the concept of actual causation can generally be
summarized as the "but-for" test. - Correct answer-True
An action may be legal but not necessarily ethical. - Correct answer-True
Procedural law is that aspect of the law that regulates and controls the rights and
duties of persons and is used to resolve disputes. - Correct answer-False
, A state court can generally exercise jurisdiction over any property within the
boundaries of the state. - Correct answer-True
A business is only subject to the jurisdiction of those states in which it is
incorporated. - Correct answer-False
A counterclaim is prepared by a plaintiff as an answer against a defendant's initial
petition or complaint. - Correct answer-False
A federal court always has diversity of citizenship jurisdiction over a particular
dispute when the plaintiff and defendant are from two different states. - Correct
answer-False
A small claims court is an example of a court of limited jurisdiction. - Correct
answer-True
When determining which state's law to apply in a dispute between persons from
two or more states, courts will look to principles of conflicts of law. - Correct
answer-True
A writ of certiorari is a type of equitable remedy available when someone defaults
under a contract. - Correct answer-False
