Test Bank
Business Law: Text and Cases, 15th Edition by Clarkson & Miller
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.
ANSWER: 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.
ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analytic AICPA Legal
A3. A breach of a contract is a failure to perform it.
ANSWER: T PAGE: 3 TYPE: N
NAT: AACSB Ethics AICPA Critical Thinking
A4. Constitutional law includes only the U.S. Constitution.
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic AICPA Legal
A5. A state constitution is supreme within the state‘s borders.
, 13
11
ANSWER: T PAGE: 4 TYPE: =
NAT: AACSB Analytic AICPA Legal
A6. Whether a law is constitutional depends on its source.
ANSWER: 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.
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic AICPA Legal
A8. A state law that conflicts with the U.S. Constitution will be deemed
unconstitutional.
ANSWER: T PAGE: 4 TYPE: =
NAT: AACSB Analytic AICPA Legal
A9. Statutory law does not include county ordinances.
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Reflective AICPA Legal
A10. No state has adopted the Uniform Commercial Code in its entirety.
ANSWER: F PAGE: 5 TYPE: =
NAT: AACSB Reflective AICPA Legal
A11. Common law is a term for law that is common throughout the world.
ANSWER: F PAGE: 7 TYPE: =
NAT: AACSB Analytic AICPA Critical Thinking
A12. Damages is a remedy at law.
ANSWER: T PAGE: 7 TYPE: =
NAT: AACSB Analytic AICPA Legal
A13. Remedies in equity include injunctions and decrees of specific performance.
Business Law: Text and Cases, 15th Edition by Clarkson & Miller
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.
ANSWER: 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.
ANSWER: T PAGE: 2 TYPE: =
NAT: AACSB Analytic AICPA Legal
A3. A breach of a contract is a failure to perform it.
ANSWER: T PAGE: 3 TYPE: N
NAT: AACSB Ethics AICPA Critical Thinking
A4. Constitutional law includes only the U.S. Constitution.
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic AICPA Legal
A5. A state constitution is supreme within the state‘s borders.
, 13
11
ANSWER: T PAGE: 4 TYPE: =
NAT: AACSB Analytic AICPA Legal
A6. Whether a law is constitutional depends on its source.
ANSWER: 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.
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Analytic AICPA Legal
A8. A state law that conflicts with the U.S. Constitution will be deemed
unconstitutional.
ANSWER: T PAGE: 4 TYPE: =
NAT: AACSB Analytic AICPA Legal
A9. Statutory law does not include county ordinances.
ANSWER: F PAGE: 4 TYPE: =
NAT: AACSB Reflective AICPA Legal
A10. No state has adopted the Uniform Commercial Code in its entirety.
ANSWER: F PAGE: 5 TYPE: =
NAT: AACSB Reflective AICPA Legal
A11. Common law is a term for law that is common throughout the world.
ANSWER: F PAGE: 7 TYPE: =
NAT: AACSB Analytic AICPA Critical Thinking
A12. Damages is a remedy at law.
ANSWER: T PAGE: 7 TYPE: =
NAT: AACSB Analytic AICPA Legal
A13. Remedies in equity include injunctions and decrees of specific performance.
