COMPLETE TEST BANK FOR The Legal and Regulatory Environment of Business 19th Edition by Marisa Anne Pagnattaro (Author) latest update Question And Answers (Answer key)

COMPLETE TEST BANK FOR The Legal and Regulatory
Environment of Business 19th Edition by Marisa Anne
Pagnattaro (Author) latest update Question And
Answers (Answer key)





Student name:
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TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
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1) Law is considered to be a formal social force.
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⊚ true


⊚ false




2) The first known written set of laws was the Code of King Solomon.
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⊚ true
⊚ false




3) Rule-of-law nations adopt laws supporting the private market because it is in everyone’s
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interest, including the lawmakers’.
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⊚ true
⊚ false

,4) Common property applies to public resources owned by the government (or “state”)
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like roads, public buildings, public lands, and monuments.
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⊚ true
⊚ false




Version 1 ga 1

,5) Tort law compensates owners whose resources are wrongfully injured by the acts of
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others.
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⊚ true
⊚ false




6) Regulatory law forbids owners from monopolizing classes of resources and sets rules
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for how businesses can compete to acquire ownership in new resources.
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⊚ true
⊚ false




7) Jurisprudence is the philosophy of law. ga ga ga ga ga




⊚ true
⊚ false




8) Natural law theory asserts that law contains universal moral principles.
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⊚ true
⊚ false




9) The basis of sociological jurisprudence is that contemporary law should focus on
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legal principles that have survived the test of time in a nation.
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Version 1 ga 2

, ⊚ true
⊚ false




10) Jurisprudence refers to the general body of law interpretations by judges as different
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from legislation passed by legislators.
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⊚ true
⊚ false




11) Legal realism is the idea that courts should understand the meaning of the
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Constitution relative to the times in which they interpret it.
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⊚ true
⊚ false




12) Those countries that were colonized by England, such as The United Kingdom, Canada,
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the United States, and India, follow the civil law.
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⊚ true
⊚ false




13) The common law arose in the eleventh and twelfth centuries as the English
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monarchy appointed royal judges to ride circuits around the countryside and to resolve
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conflicts in the name of the king (or queen).
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Version 1 ga 3