MGMT 254 Business Law – Comprehensive Final
Examination
A state supreme court hears every case a party appeals to it.
False
Equity steps in to fill the gaps and provide justice when the law is inadequate.
True
Arbitration is a dispute making process that occurs in a court of law.
False
Procedural law delineates the steps that must be adhered to when enforcing rights and
liabilities.
True
When the parties opt to mediate to settle disputes, the losing party generally can appeal
from such mediation to a court.
True
Uniform state laws were adopted by individual states after being written by Congress
False
A judge rules on the admissibility of evidence presented in the trial.
True
The time-honored rules that courts used to solve similar problems for hundreds of years or
decades is called precedent.
False
Administrators can create regulations that have the force of law.
True
Daniel asserts he had a legal right. Daniel is really saying he has an obligation to perform
or refrain from performing an act.
False
In the US, money is the default remedy in many civil disputes. However, when the law does
not offer an adequate remedy through money, ________ is a body of law that provides
justice.
,Equity
You are not protected from unreasonable searches by the right to privacy in which of the
following scenarios:
in the commission of a crime.
The right to privacy means that individuals
are protected against intrusions by individuals.
The Securities Exchange Commission (SEC) was created as part of an act of Congress. The
SEC creates:
administrative regulations.
Suppose Devonne signs a contract to purchase a cottage from Anthony, but Anthony later
refuses to transfer title to the cottage to Devonne. Devonne could force Anthony to transfer
title to the cottage by asking a court for an order of ....
Not: substantive law.
A right is defined as:
a legal capacity to require another party to perform an action.
Which of the following is/are an example of limited or special jurisdiction court/s?
Probate, Juvenile, and Domestic Relations Court
Allison is called as a witness in a robbery trial to testify for the prosecution. When
testifying at trial, Allison will undergo ______ by the prosecutor, and a(n) ________ by
defense counsel.
direct examination, cross-examination
The types of civil cases that a private citizen can file in federal district courts include:
cases between citizens of different states that involve damages of $75,000 or more
Substantive law:
creates, defines, and regulates rights and liabilities
Requiring buyers to purchase one product in order to get another is acceptable practice
and not a violation of the Sherman Act.
False
A court will not reverse an agency's decision merely because the court would have made a
different decision based on the same facts.
, True
Under the Sunshine Act of 1976, called the open meeting law, the federal government
requires most meetings of major administrative agencies to be open to the public.
True
A federal agency planning to adopt a new regulation must give public notice of such intent
and then hold a hearing at which members of the public may express their views and make
suggestions.
True
The Sunshine Act requires most meetings of major administrative agencies to be open to
the public.
True
In an administrative hearing, an administrative law judge hears the complaint and has the
authority to swear witnesses, take testimony, make evidentiary rulings, and make a
decision to recommend to the administrative agency heads for action.
True
A person who is harmed by a conspiracy that violates the Sherman Antitrust Act may sue
the wrongdoers for treble damages, which is four times the actual damages.
False
An agreement to charge an agreed-upon price or to set maximum or minimum prices
between or among competitors is called price fixing but it is not per se a violation of the
Sherman Act.
False
Boycotts are always illegal, even when done with good intentions.
True
Nobel economist Milton Friedman believes that government regulation of business
interferes with the free enterprise system.
True
To satisfy the requirements of due process, an agency handling a complaint must
generally______, although there is no right to __________.
give notice and hold a hearing, trial by jury before an agency.
Examination
A state supreme court hears every case a party appeals to it.
False
Equity steps in to fill the gaps and provide justice when the law is inadequate.
True
Arbitration is a dispute making process that occurs in a court of law.
False
Procedural law delineates the steps that must be adhered to when enforcing rights and
liabilities.
True
When the parties opt to mediate to settle disputes, the losing party generally can appeal
from such mediation to a court.
True
Uniform state laws were adopted by individual states after being written by Congress
False
A judge rules on the admissibility of evidence presented in the trial.
True
The time-honored rules that courts used to solve similar problems for hundreds of years or
decades is called precedent.
False
Administrators can create regulations that have the force of law.
True
Daniel asserts he had a legal right. Daniel is really saying he has an obligation to perform
or refrain from performing an act.
False
In the US, money is the default remedy in many civil disputes. However, when the law does
not offer an adequate remedy through money, ________ is a body of law that provides
justice.
,Equity
You are not protected from unreasonable searches by the right to privacy in which of the
following scenarios:
in the commission of a crime.
The right to privacy means that individuals
are protected against intrusions by individuals.
The Securities Exchange Commission (SEC) was created as part of an act of Congress. The
SEC creates:
administrative regulations.
Suppose Devonne signs a contract to purchase a cottage from Anthony, but Anthony later
refuses to transfer title to the cottage to Devonne. Devonne could force Anthony to transfer
title to the cottage by asking a court for an order of ....
Not: substantive law.
A right is defined as:
a legal capacity to require another party to perform an action.
Which of the following is/are an example of limited or special jurisdiction court/s?
Probate, Juvenile, and Domestic Relations Court
Allison is called as a witness in a robbery trial to testify for the prosecution. When
testifying at trial, Allison will undergo ______ by the prosecutor, and a(n) ________ by
defense counsel.
direct examination, cross-examination
The types of civil cases that a private citizen can file in federal district courts include:
cases between citizens of different states that involve damages of $75,000 or more
Substantive law:
creates, defines, and regulates rights and liabilities
Requiring buyers to purchase one product in order to get another is acceptable practice
and not a violation of the Sherman Act.
False
A court will not reverse an agency's decision merely because the court would have made a
different decision based on the same facts.
, True
Under the Sunshine Act of 1976, called the open meeting law, the federal government
requires most meetings of major administrative agencies to be open to the public.
True
A federal agency planning to adopt a new regulation must give public notice of such intent
and then hold a hearing at which members of the public may express their views and make
suggestions.
True
The Sunshine Act requires most meetings of major administrative agencies to be open to
the public.
True
In an administrative hearing, an administrative law judge hears the complaint and has the
authority to swear witnesses, take testimony, make evidentiary rulings, and make a
decision to recommend to the administrative agency heads for action.
True
A person who is harmed by a conspiracy that violates the Sherman Antitrust Act may sue
the wrongdoers for treble damages, which is four times the actual damages.
False
An agreement to charge an agreed-upon price or to set maximum or minimum prices
between or among competitors is called price fixing but it is not per se a violation of the
Sherman Act.
False
Boycotts are always illegal, even when done with good intentions.
True
Nobel economist Milton Friedman believes that government regulation of business
interferes with the free enterprise system.
True
To satisfy the requirements of due process, an agency handling a complaint must
generally______, although there is no right to __________.
give notice and hold a hearing, trial by jury before an agency.
