@PROFDOCDIGITALLIBRARIES
TEST BANK
TE
Dynamic Business Law: The Essentials, 5th Edition, Nancy Kubasek
S
TB
A N
KS
O
Chapter 1-25 Answers are at the End of Each Chapter
LU
Chapter 1
Student name:
1) List the purposes of the law and discuss why these purposes are necessary for an ordered
TI
society.
O
N
S
2) Define "stare decisis," discuss when it occurs in the legal system, and explain why stare
decisis is important to businesses and individuals.
, @PROFDOCDIGITALLIBRARIES
TE
S
3) Explain in what ways a treaty between a foreign country and the United States is similar
TB
to a contract.
A N
KS
O
LU
TI
O
N
S
, @PROFDOCDIGITALLIBRARIES
4) Explain the function of administrative agencies and why they are necessary.List five
independent agencies and five executive agencies.
TE
S
TB
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
A
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
N
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
KS
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.
O
LU
6) Describe contrasts between the cost-benefit school of jurisprudence and the identification
TI
with the vulnerable school of jurisprudence.
O
N
S
, @PROFDOCDIGITALLIBRARIES
7) Which of the following is not one of the six functional areas of business that sits on a
foundation of business law?
TE
A) management
B) production and transportation
C) marketing
D) accounting and finance
S
E) state and federal taxation
TB
8) A commercial firm that seeks to merge with another firm must obey the laws of antitrust.
This is an example of:
A
A) business law
B) equity
N
C) ethics
D) The Uniform Contracts Code
KS
E) The International Contracts Code
O
9) “Guaranteeing personal freedoms” is:
A) the exclusive purpose of the law.
LU
B) one of the numerous purposes fulfilled by the law.
C) a purpose of criminal, but not civil, law.
D) a purpose of civil, but not criminal, law.
E) a cultural, but not legal, expectation.
TI
O
10) Which of the following is one of the numerous purposes fulfilled by the law?
N
S
TEST BANK
TE
Dynamic Business Law: The Essentials, 5th Edition, Nancy Kubasek
S
TB
A N
KS
O
Chapter 1-25 Answers are at the End of Each Chapter
LU
Chapter 1
Student name:
1) List the purposes of the law and discuss why these purposes are necessary for an ordered
TI
society.
O
N
S
2) Define "stare decisis," discuss when it occurs in the legal system, and explain why stare
decisis is important to businesses and individuals.
, @PROFDOCDIGITALLIBRARIES
TE
S
3) Explain in what ways a treaty between a foreign country and the United States is similar
TB
to a contract.
A N
KS
O
LU
TI
O
N
S
, @PROFDOCDIGITALLIBRARIES
4) Explain the function of administrative agencies and why they are necessary.List five
independent agencies and five executive agencies.
TE
S
TB
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
A
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
N
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
KS
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.
O
LU
6) Describe contrasts between the cost-benefit school of jurisprudence and the identification
TI
with the vulnerable school of jurisprudence.
O
N
S
, @PROFDOCDIGITALLIBRARIES
7) Which of the following is not one of the six functional areas of business that sits on a
foundation of business law?
TE
A) management
B) production and transportation
C) marketing
D) accounting and finance
S
E) state and federal taxation
TB
8) A commercial firm that seeks to merge with another firm must obey the laws of antitrust.
This is an example of:
A
A) business law
B) equity
N
C) ethics
D) The Uniform Contracts Code
KS
E) The International Contracts Code
O
9) “Guaranteeing personal freedoms” is:
A) the exclusive purpose of the law.
LU
B) one of the numerous purposes fulfilled by the law.
C) a purpose of criminal, but not civil, law.
D) a purpose of civil, but not criminal, law.
E) a cultural, but not legal, expectation.
TI
O
10) Which of the following is one of the numerous purposes fulfilled by the law?
N
S
