, Chapter 1
Introduction to Law and
Legal Reasoning
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. The basis for the U.S. legal system is natural law.
ANSWER: F PAGE: 3 TYPE: N
NAT: AACSB Ethics AICPA Critical Thinking
A4. Constitutional law includes only the U.S. Constitution.
ANSWER: F PAGE: 6 TYPE: =
NAT: AACSB Analytic AICPA Legal
A5. A state constitution is supreme within the state’s borders.
ANSWER: T PAGE: 6 TYPE: =
NAT: AACSB Analytic AICPA Legal
1
,2 TEST BANK A—UNIT ONE: THE LEGAL ENVIRONMENT OF BUSINESS
A6. Whether a law is constitutional depends on its source.
ANSWER: F PAGE: 6 TYPE: =
NAT: AACSB Analytic AICPA Legal
, CHAPTER 1: INTRODUCTION TO LAW AND LEGAL REASONING 3
A7. Uniform laws apply in all states, including those in which the laws
have not been adopted.
ANSWER: F PAGE: 6 TYPE: =
NAT: AACSB Analytic AICPA Legal
A8. A state law that conflicts with the U.S. Constitution will be deemed
unconstitutional.
ANSWER: T PAGE: 6 TYPE: =
NAT: AACSB Analytic AICPA Legal
A9. Statutory law does not include county ordinances.
ANSWER: F PAGE: 6 TYPE: =
NAT: AACSB Reflective AICPA Legal
A10. No state has adopted the Uniform Commercial Code in its entirety.
ANSWER: F PAGE: 7 TYPE: +
NAT: AACSB Reflective AICPA Legal
A11. Common law is a term for law that is common throughout the world.
ANSWER: F PAGE: 8 TYPE: =
NAT: AACSB Analytic AICPA Critical Thinking
A12. Damages are a remedy at law.
ANSWER: T PAGE: 8 TYPE: +
NAT: AACSB Analytic AICPA Legal
A13. Equitable remedies include injunctions and decrees of specific
performance.
ANSWER: T PAGE: 8 TYPE: =
NAT: AACSB Analytic AICPA Legal
A14. In most states, the courts no longer grant “equitable” remedies.
ANSWER: F PAGE: 9 TYPE: N
NAT: AACSB Analytic AICPA Legal
Introduction to Law and
Legal Reasoning
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. The basis for the U.S. legal system is natural law.
ANSWER: F PAGE: 3 TYPE: N
NAT: AACSB Ethics AICPA Critical Thinking
A4. Constitutional law includes only the U.S. Constitution.
ANSWER: F PAGE: 6 TYPE: =
NAT: AACSB Analytic AICPA Legal
A5. A state constitution is supreme within the state’s borders.
ANSWER: T PAGE: 6 TYPE: =
NAT: AACSB Analytic AICPA Legal
1
,2 TEST BANK A—UNIT ONE: THE LEGAL ENVIRONMENT OF BUSINESS
A6. Whether a law is constitutional depends on its source.
ANSWER: F PAGE: 6 TYPE: =
NAT: AACSB Analytic AICPA Legal
, CHAPTER 1: INTRODUCTION TO LAW AND LEGAL REASONING 3
A7. Uniform laws apply in all states, including those in which the laws
have not been adopted.
ANSWER: F PAGE: 6 TYPE: =
NAT: AACSB Analytic AICPA Legal
A8. A state law that conflicts with the U.S. Constitution will be deemed
unconstitutional.
ANSWER: T PAGE: 6 TYPE: =
NAT: AACSB Analytic AICPA Legal
A9. Statutory law does not include county ordinances.
ANSWER: F PAGE: 6 TYPE: =
NAT: AACSB Reflective AICPA Legal
A10. No state has adopted the Uniform Commercial Code in its entirety.
ANSWER: F PAGE: 7 TYPE: +
NAT: AACSB Reflective AICPA Legal
A11. Common law is a term for law that is common throughout the world.
ANSWER: F PAGE: 8 TYPE: =
NAT: AACSB Analytic AICPA Critical Thinking
A12. Damages are a remedy at law.
ANSWER: T PAGE: 8 TYPE: +
NAT: AACSB Analytic AICPA Legal
A13. Equitable remedies include injunctions and decrees of specific
performance.
ANSWER: T PAGE: 8 TYPE: =
NAT: AACSB Analytic AICPA Legal
A14. In most states, the courts no longer grant “equitable” remedies.
ANSWER: F PAGE: 9 TYPE: N
NAT: AACSB Analytic AICPA Legal
