Exam 1: Foundations of Law and the Role of Ethics in Business

The subject of contracts is governed by ____________________ law.

Laws passed by Congress are called ____________________.

The Environmental Protection Agency is an example of a federal administrative agency.

It is not within the power of states to regulate

The State of Tennessee v. Peterson is an example of a case title indicating a(n) ____________________ action.

Based on the information in the text, name three ethical challenges faced by business owners and managers in the workplace.

Two remedies available to persons at equity are ____________________ and ____________________.

A government may take private property without compensation if it is needed for public use.

The supreme law in the United States is

Laws passed by local governments are called acts.

One of the first printed books containing important decisions of English court judges was ____________________ Commentaries.

An illustration of common law is

The body of written law that defines the rights and duties of individuals and describes the power and limitations of the government is known as

Higgins willfully and maliciously set fire to his neighbor's garage. The branch of law that would govern Higgins' action is

Administrative regulations have the same force and effect as statutes and court decisions.

Because equity is so important, special equity courts have been established within the state court system.

Mention a basic distinction between suing at law and suing in equity.

Law actually refers to the duties imposed upon people requiring them to act in a certain manner.

The body of legal decisions made by English court judges over a period of many years was called

____________________ is concerned with the relationships between and among individuals.