Franklyn A Plus Pass
Test Bank For
Dynamic Business Law
Author: Nancy K. Kubasek, M. Neil Browne
6th Edition
Page | 1
, Franklyn A Plus Pass
Table of Contents
Part One: THE LEGAL ENVIRONMENT OF BUSINESS
Chapter 1: An Introduction to Dynamic Business Law
Chapter 2: Business Ethics
Chapter 3: The US Legal System
Chapter 4: Alternative Dispute Resolution
Chapter 5: Constitutional Principles
Chapter 6: International and Comparative Law
Chapter 7: Crime and the Business Community
Chapter 8: Tort Law
Chapter 9: Negligence and Strict Liability
Chapter 10: Product Liability
Chapter 11: Liability of Accountants and Other Professionals
Chapter 12: Intellectual Property
Part Two: CONTRACTS
Chapter 13: Introduction to Contracts
Chapter 14: Agreement
Chapter 15: Consideration
Chapter 16: Capacity and Legality
Chapter 17: Legal Assent
Chapter 18: Contracts in Writing
Chapter 19: Third-Party Rights to Contracts
Chapter 20: Discharge and Remedies
Part Three: DOMESTIC AND INTERNATIONAL SALES LAW
Chapter 21: Introduction to Sales and Lease Contracts
Chapter 22: Title, Risk of Loss, and Insurable Interest
Chapter 23: Performance and Obligations under Sales and Leases
Chapter 24: Remedies for Breach of Sales and Lease Contracts
Chapter 25: Warranties
Part Four: NEGOTIABLE INSTRUMENTS AND BANKING
Chapter 26: Negotiable Instruments: Negotiability and Transferability
Chapter 27: Negotiation, Holder in Due Course, and Defenses
Chapter 28: Liability, Defenses, and Discharge
Chapter 29: Checks and Electronic Fund Transfers
Part Five: CREDITORS’ RIGHTS AND BANKRUPTCY
Chapter 30: Secured Transactions
Chapter 31: Other Creditors’ Remedies and Suretyship
Chapter 32: Bankruptcy and Reorganization
Part Six: AGENCY
Chapter 33: Agency Formation and Duties
Chapter 34: Liability to Third Parties and Termination
Page | 2
, Franklyn A Plus Pass
Part Seven: BUSINESS ORGANIZATIONS
Chapter 35: Forms of Business Organization
Chapter 36: Partnerships: Nature, Formation, and Operation
Chapter 37: Partnerships: Termination and Limited Partnerships
Chapter 38: Corporations: Formation and Financing
Chapter 39: Corporations: Directors, Officers, and Shareholders
Chapter 40: Corporations: Mergers, Consolidations, Terminations
Chapter 41: Corporations: Securities and Investor Protection
Part Eight: EMPLOYMENT AND LABOR RELATIONS
Chapter 42: Employment and Labor Law
Chapter 43: Employment Discrimination
Part Nine: GOVERNMENT REGULATION
Chapter 44: Administrative Law
Chapter 45: Consumer Law
Chapter 46: Environmental Law
Chapter 47: Antitrust Law
Part Ten: PROPERTY
Chapter 48: The Nature of Property, Personal Property, and Bailments
Chapter 49: Real Property
Chapter 50: Landlord-Tenant Law
Chapter 51: Insurance Law
Chapter 52: Wills and Trusts
Page | 3
, Franklyn A Plus Pass
Chapter 1
1) List The Purposes Of The Law And Discuss Why These Purposes Are Necessary For An Ordered Society.
2) Define "Stare Decisis," Discuss When It Occurs In The Legal System, And Explain Why Stare Decisis Is
Important To Businesses And Individuals.
3) Explain In What Ways A Treaty Between A Foreign Country And The United States Is Similar To A Contract.
4) Explain The Function Of Administrative Agencies And Why They Are Necessary.List Five Independent
Agencies And Five Executive Agencies.
5) Judge Susie Justice, Who Is Newly Appointed To The Bench, Is Presented With A Question Of Law Involving A
Cat Named Chester Who Scratched A Neighbor's Antique Jalopy. The Neighbor, George, Demands Justice In The
Form Of Full Payment From Chester's Owner, Bill, And Also Requests That Chester Be Shipped To The Local
Animal Shelter. Bill Says That He Should Not Have To Pay Anything Because Chester Had Never Scratched Before,
That Chester Should Be Allowed To Stay In The Neighborhood, And That He Should Be Reimbursed For His Legal
Fees By George Who Is A Grump And Never Should Have Brought The Lawsuit. Judge Justice Is Perplexed And
Wants To Make A Good Decision Since She Is New To The Bench. Describe How The Judge Should Go About
Reaching A Decision. Discuss In Your Answer The Impact Of Cases From Other Jurisdictions Assuming There Is
No Relevant Law In Judge Justice's Jurisdiction. Also, Assuming There Is Relevant Law In This Jurisdiction,
Discuss The Applicable Legal Standard The Judge Should Apply If She Finds A Relevant Statute That Conflicts
With Earlier Case Law.
6) Describe Contrasts Between The Cost-Benefit School Of Jurisprudence And The Identification With The
Vulnerable School Of Jurisprudence.
7) Which Of The Following Is Not One Of The Six Functional Areas Of Business That Sits On A Foundation Of
Business Law? A) Management
B) Production And Transportation
C) Marketing
D) Accounting And Finance
E) State And Federal Taxation
8) A Commercial Firm That Seeks To Merge With Another Firm Must Obey The Laws Of Antitrust. This Is An
Example Of: A) Business Law
B) Equity
C) Ethics
Page | 4
Test Bank For
Dynamic Business Law
Author: Nancy K. Kubasek, M. Neil Browne
6th Edition
Page | 1
, Franklyn A Plus Pass
Table of Contents
Part One: THE LEGAL ENVIRONMENT OF BUSINESS
Chapter 1: An Introduction to Dynamic Business Law
Chapter 2: Business Ethics
Chapter 3: The US Legal System
Chapter 4: Alternative Dispute Resolution
Chapter 5: Constitutional Principles
Chapter 6: International and Comparative Law
Chapter 7: Crime and the Business Community
Chapter 8: Tort Law
Chapter 9: Negligence and Strict Liability
Chapter 10: Product Liability
Chapter 11: Liability of Accountants and Other Professionals
Chapter 12: Intellectual Property
Part Two: CONTRACTS
Chapter 13: Introduction to Contracts
Chapter 14: Agreement
Chapter 15: Consideration
Chapter 16: Capacity and Legality
Chapter 17: Legal Assent
Chapter 18: Contracts in Writing
Chapter 19: Third-Party Rights to Contracts
Chapter 20: Discharge and Remedies
Part Three: DOMESTIC AND INTERNATIONAL SALES LAW
Chapter 21: Introduction to Sales and Lease Contracts
Chapter 22: Title, Risk of Loss, and Insurable Interest
Chapter 23: Performance and Obligations under Sales and Leases
Chapter 24: Remedies for Breach of Sales and Lease Contracts
Chapter 25: Warranties
Part Four: NEGOTIABLE INSTRUMENTS AND BANKING
Chapter 26: Negotiable Instruments: Negotiability and Transferability
Chapter 27: Negotiation, Holder in Due Course, and Defenses
Chapter 28: Liability, Defenses, and Discharge
Chapter 29: Checks and Electronic Fund Transfers
Part Five: CREDITORS’ RIGHTS AND BANKRUPTCY
Chapter 30: Secured Transactions
Chapter 31: Other Creditors’ Remedies and Suretyship
Chapter 32: Bankruptcy and Reorganization
Part Six: AGENCY
Chapter 33: Agency Formation and Duties
Chapter 34: Liability to Third Parties and Termination
Page | 2
, Franklyn A Plus Pass
Part Seven: BUSINESS ORGANIZATIONS
Chapter 35: Forms of Business Organization
Chapter 36: Partnerships: Nature, Formation, and Operation
Chapter 37: Partnerships: Termination and Limited Partnerships
Chapter 38: Corporations: Formation and Financing
Chapter 39: Corporations: Directors, Officers, and Shareholders
Chapter 40: Corporations: Mergers, Consolidations, Terminations
Chapter 41: Corporations: Securities and Investor Protection
Part Eight: EMPLOYMENT AND LABOR RELATIONS
Chapter 42: Employment and Labor Law
Chapter 43: Employment Discrimination
Part Nine: GOVERNMENT REGULATION
Chapter 44: Administrative Law
Chapter 45: Consumer Law
Chapter 46: Environmental Law
Chapter 47: Antitrust Law
Part Ten: PROPERTY
Chapter 48: The Nature of Property, Personal Property, and Bailments
Chapter 49: Real Property
Chapter 50: Landlord-Tenant Law
Chapter 51: Insurance Law
Chapter 52: Wills and Trusts
Page | 3
, Franklyn A Plus Pass
Chapter 1
1) List The Purposes Of The Law And Discuss Why These Purposes Are Necessary For An Ordered Society.
2) Define "Stare Decisis," Discuss When It Occurs In The Legal System, And Explain Why Stare Decisis Is
Important To Businesses And Individuals.
3) Explain In What Ways A Treaty Between A Foreign Country And The United States Is Similar To A Contract.
4) Explain The Function Of Administrative Agencies And Why They Are Necessary.List Five Independent
Agencies And Five Executive Agencies.
5) Judge Susie Justice, Who Is Newly Appointed To The Bench, Is Presented With A Question Of Law Involving A
Cat Named Chester Who Scratched A Neighbor's Antique Jalopy. The Neighbor, George, Demands Justice In The
Form Of Full Payment From Chester's Owner, Bill, And Also Requests That Chester Be Shipped To The Local
Animal Shelter. Bill Says That He Should Not Have To Pay Anything Because Chester Had Never Scratched Before,
That Chester Should Be Allowed To Stay In The Neighborhood, And That He Should Be Reimbursed For His Legal
Fees By George Who Is A Grump And Never Should Have Brought The Lawsuit. Judge Justice Is Perplexed And
Wants To Make A Good Decision Since She Is New To The Bench. Describe How The Judge Should Go About
Reaching A Decision. Discuss In Your Answer The Impact Of Cases From Other Jurisdictions Assuming There Is
No Relevant Law In Judge Justice's Jurisdiction. Also, Assuming There Is Relevant Law In This Jurisdiction,
Discuss The Applicable Legal Standard The Judge Should Apply If She Finds A Relevant Statute That Conflicts
With Earlier Case Law.
6) Describe Contrasts Between The Cost-Benefit School Of Jurisprudence And The Identification With The
Vulnerable School Of Jurisprudence.
7) Which Of The Following Is Not One Of The Six Functional Areas Of Business That Sits On A Foundation Of
Business Law? A) Management
B) Production And Transportation
C) Marketing
D) Accounting And Finance
E) State And Federal Taxation
8) A Commercial Firm That Seeks To Merge With Another Firm Must Obey The Laws Of Antitrust. This Is An
Example Of: A) Business Law
B) Equity
C) Ethics
Page | 4
