Test Bank for Business Law Text and Cases, 15th Edition,

Test Bank for Business Law Text and Cases, 15th Edition, True / False 1. In the United States, the law consists of written laws and court decisions. a. True b. False ANSWER: True 2. The legal rules that control a business’s actions reflect past and current thinking about how similar businesses should and should not act. a. True b. False ANSWER: True 3. Because laws may change, the ability to analyze and evaluate the legal ramifications of situations as they arise is not a lasting skill. a. True b. False ANSWER: False 4. The study of business law does not involve an ethical dimension. a. True b. False ANSWER: False 5. Compartmentalizing the law into discrete topics indicates that each business transaction is subject to only one specific area of the law. a. True b. False ANSWER: False 6. A constitution is a primary source of law. a. True b. False ANSWER: True 7. A statute is a secondary source of law. a. True b. False ANSWER: False 8. A secondary source of law establishes the law on a particular issue. a. True b. False ANSWER: False 9. Courts often refer to secondary sources of law for guidance in interpreting and applying a primary source of law. a. True b. False ANSWER: True 10. Even if it conflicts with the U.S. Constitution, a state constitution is supreme within that states’ borders. a. True b. False ANSWER: False