, Chapter 01 Legal Foundations
SHORT ANSWER QUESTIONS
1) Much of the origins of the law dealt with issues related to .
Answer: property ownership
Explanation:
Diff: 2
Topic: Introduction to Law
Learning Objective: 01-01 Understand the broad definition and origins of law.
Bloom's: Understand
AACSB: Analytical Thinking
2) When the United States Supreme Court formally recognized its role in achieving equality for all
Americans during the civil rights movement, it was following a philosophy.
Answer: legal realism
Explanation:
Diff: 3
Topic: Introduction to Law
Learning Objective: 01-01 Understand the broad definition and origins of law.
Bloom's: Analyze
AACSB: Analytical Thinking
3) Attorneys who work for a company and are part of the executive or midlevel management team are
specifically referred to as counsel.
Answer: in-house
Explanation:
Diff: 1
Topic: Role of Counsel
Learning Objective: 01-04 Articulate the role of counsel in legal decision making in a business context.
Bloom's: Remember
AACSB: Analytical Thinking
4) Attorneys, particularly in a business context, are also referred to as .
Answer: counsel
Explanation:
Diff: 1
Topic: Role of Counsel
Learning Objective: 01-04 Articulate the role of counsel in legal decision making in a business context.
Bloom's: Remember
AACSB: Analytical Thinking
1
Copyright © McGraw-Hill Education.All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.
,5) Measures of judicial action intended to compensate an injured party in a civil lawsuit are called
.
Answer: remedies
Explanation:
Diff: 2
Topic: Law versus Equity
Learning Objective: 01-08 Differentiate between the concepts of law and equity.
Bloom's: Understand
AACSB: Analytical Thinking
6) Equitable rules intended to be broad statements of rules that are based on notions of fairness and
justice are referred to as equitable .
Answer: maxims
Explanation:
Diff: 1
Topic: Law versus Equity
Learning Objective: 01-09 Identify and apply important equitable maxims.
Bloom's: Remember
AACSB: Analytical Thinking
7) A judicial opinion is also referred to as the of the case.
Answer: holding
Explanation:
Diff: 1
Topic: Stare Decisis and Precedent
Learning Objective: 01-06 Understand the legal doctrine of stare decisis.
Bloom's: Remember
AACSB: Analytical Thinking
8) A collection of uniform legal principles focused on a particular area of traditional state law is
called The of the Law.
Answer: Restatements
Explanation:
Diff: 2
Topic: Stare Decisis and Precedent; Sources and Levels of American Law
Learning Objective: 01-05 Recognize, explain, and give examples of sources of American law.; 01-06 Understand the legal doctrine of
stare decisis.
Bloom's: Understand
AACSB: Communication
2
Copyright © McGraw-Hill Education.All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.
, 9) Trial lawyers from outside firms, often selected by general counsel when a particular field of
expertise is needed, are referred to as .
Answer: litigators
Explanation:
Diff: 1
Topic: Role of Counsel
Learning Objective: 01-04 Articulate the role of counsel in legal decision making in a business context.
Bloom's: Remember
AACSB: Analytical Thinking
10) are recognized as binding between two parties even though no specific statute or
regulation provides for the rights of the parties.
Answer: Private laws
Explanation:
Diff: 2
Topic: Public Law versus Private Law
Learning Objective: 01-09 Identify and apply important equitable maxims.
Bloom's: Understand
AACSB: Analytical Thinking
MULTIPLE CHOICE QUESTIONS
11) Jurisprudence is roughly defined as the science and philosophy of law.
A) True
B) False
Answer: A
Explanation:
Diff: 1
Topic: Introduction to Law
Learning Objective: 01-01 Understand the broad definition and origins of law.
Bloom's: Remember
AACSB: Analytical Thinking
12) Law today is crucial to business by creating some degree of reliability to be used in business
planning and commercial transactions and promoting good faith dealing among merchants.
A) True
B) False
Answer: A
Explanation:
Diff: 3
Topic: Purposes of Law
Learning Objective: 01-02 List and explain the purposes of the law.
Bloom's: Apply
AACSB: Reflective Thinking
3
Copyright © McGraw-Hill Education.All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.
SHORT ANSWER QUESTIONS
1) Much of the origins of the law dealt with issues related to .
Answer: property ownership
Explanation:
Diff: 2
Topic: Introduction to Law
Learning Objective: 01-01 Understand the broad definition and origins of law.
Bloom's: Understand
AACSB: Analytical Thinking
2) When the United States Supreme Court formally recognized its role in achieving equality for all
Americans during the civil rights movement, it was following a philosophy.
Answer: legal realism
Explanation:
Diff: 3
Topic: Introduction to Law
Learning Objective: 01-01 Understand the broad definition and origins of law.
Bloom's: Analyze
AACSB: Analytical Thinking
3) Attorneys who work for a company and are part of the executive or midlevel management team are
specifically referred to as counsel.
Answer: in-house
Explanation:
Diff: 1
Topic: Role of Counsel
Learning Objective: 01-04 Articulate the role of counsel in legal decision making in a business context.
Bloom's: Remember
AACSB: Analytical Thinking
4) Attorneys, particularly in a business context, are also referred to as .
Answer: counsel
Explanation:
Diff: 1
Topic: Role of Counsel
Learning Objective: 01-04 Articulate the role of counsel in legal decision making in a business context.
Bloom's: Remember
AACSB: Analytical Thinking
1
Copyright © McGraw-Hill Education.All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.
,5) Measures of judicial action intended to compensate an injured party in a civil lawsuit are called
.
Answer: remedies
Explanation:
Diff: 2
Topic: Law versus Equity
Learning Objective: 01-08 Differentiate between the concepts of law and equity.
Bloom's: Understand
AACSB: Analytical Thinking
6) Equitable rules intended to be broad statements of rules that are based on notions of fairness and
justice are referred to as equitable .
Answer: maxims
Explanation:
Diff: 1
Topic: Law versus Equity
Learning Objective: 01-09 Identify and apply important equitable maxims.
Bloom's: Remember
AACSB: Analytical Thinking
7) A judicial opinion is also referred to as the of the case.
Answer: holding
Explanation:
Diff: 1
Topic: Stare Decisis and Precedent
Learning Objective: 01-06 Understand the legal doctrine of stare decisis.
Bloom's: Remember
AACSB: Analytical Thinking
8) A collection of uniform legal principles focused on a particular area of traditional state law is
called The of the Law.
Answer: Restatements
Explanation:
Diff: 2
Topic: Stare Decisis and Precedent; Sources and Levels of American Law
Learning Objective: 01-05 Recognize, explain, and give examples of sources of American law.; 01-06 Understand the legal doctrine of
stare decisis.
Bloom's: Understand
AACSB: Communication
2
Copyright © McGraw-Hill Education.All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.
, 9) Trial lawyers from outside firms, often selected by general counsel when a particular field of
expertise is needed, are referred to as .
Answer: litigators
Explanation:
Diff: 1
Topic: Role of Counsel
Learning Objective: 01-04 Articulate the role of counsel in legal decision making in a business context.
Bloom's: Remember
AACSB: Analytical Thinking
10) are recognized as binding between two parties even though no specific statute or
regulation provides for the rights of the parties.
Answer: Private laws
Explanation:
Diff: 2
Topic: Public Law versus Private Law
Learning Objective: 01-09 Identify and apply important equitable maxims.
Bloom's: Understand
AACSB: Analytical Thinking
MULTIPLE CHOICE QUESTIONS
11) Jurisprudence is roughly defined as the science and philosophy of law.
A) True
B) False
Answer: A
Explanation:
Diff: 1
Topic: Introduction to Law
Learning Objective: 01-01 Understand the broad definition and origins of law.
Bloom's: Remember
AACSB: Analytical Thinking
12) Law today is crucial to business by creating some degree of reliability to be used in business
planning and commercial transactions and promoting good faith dealing among merchants.
A) True
B) False
Answer: A
Explanation:
Diff: 3
Topic: Purposes of Law
Learning Objective: 01-02 List and explain the purposes of the law.
Bloom's: Apply
AACSB: Reflective Thinking
3
Copyright © McGraw-Hill Education.All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.
