Question 1

What is stare decisis? Discuss its place in the American legal system.

Accepted Answer

Stare decisis is the principle that cour

Question 2

Philosophers and jurists agree on a single definition of law: rules of civil conduct prescribed by the supreme power of a state, commanding what is right and prohibiting what is wrong.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is a common purpose of the civil and criminal law?

Accepted Answer

A)  Compensation 
B)  Rehabilitation 
C)  Deterrence 
D)  Punishment 
A)  Compensation 
B)  Rehabilitation 
C)  Deterrence 
D)  Punishment

Question 4

Which of the following is characteristic of a common law legal system?

Accepted Answer

A)  It relies heavily on the inquisitorial method for settling disputes. 
B)  It depends heavily on comprehensive legislative enactments called Codes. 
C)  It applies the principle of stare decisis. 
D)  It is based on Roman law. 
A)  It relies heavily on the inquisitorial method for settling disputes. 
B)  It depends heavily on comprehensive legislative enactments called Codes. 
C)  It applies the principle of stare decisis. 
D)  It is based on Roman law.

Question 5

Business law topics such as contracts, agency, property, and trusts are governed primarily by the common law.

Accepted Answer

A) True 
 B)False

Question 6

The common law system of law is used in most of Europe, Scotland, and Latin America.

Accepted Answer

A) True 
 B)False

Question 7

The area of public law that creates the most rules and decides the most controversies is:

Accepted Answer

A)  criminal law. 
B)  judicial law. 
C)  legislative law. 
D)  administrative law. 
A)  criminal law. 
B)  judicial law. 
C)  legislative law. 
D)  administrative law.

Question 8

A court order requiring that a person do or refrain from doing a particular act is known as a(n):

Accepted Answer

A)  injunction. 
B)  maxim. 
C)  statute. 
D)  executive order. 
A)  injunction. 
B)  maxim. 
C)  statute. 
D)  executive order.

Question 9

The three distinct and independent branches of the United States government are:

Accepted Answer

A)  the executive branch, the House of Representatives, and the U.S. Senate. 
B)  the federal judiciary, the House of Representatives, and the U.S. Senate. 
C)  the federal judiciary, the Congress, and the executive branch. 
D)  the state government, the Congress, and the executive branch. 
A)  the executive branch, the House of Representatives, and the U.S. Senate. 
B)  the federal judiciary, the House of Representatives, and the U.S. Senate. 
C)  the federal judiciary, the Congress, and the executive branch. 
D)  the state government, the Congress, and the executive branch.

Question 10

Because of the increasing complexity of the social, economic, and industrial life of the nation, the scope of has expanded enormously.

Accepted Answer

A)  common 
B)  administrative 
C)  procedural 
D)  equity 
A)  common 
B)  administrative 
C)  procedural 
D)  equity

Question 11

State statutes are subordinate to state constitutional mandates.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is correct with regard to treaties in the United States legal system?

Accepted Answer

A)  They have no legal effect. 
B)  Under the U.S. Constitution they must be signed by the President and approved by the U.S. Senate. 
C)  They have no effect on business law. 
D)  They must be approved by the States before they have the force of law. 
A)  They have no legal effect. 
B)  Under the U.S. Constitution they must be signed by the President and approved by the U.S. Senate. 
C)  They have no effect on business law. 
D)  They must be approved by the States before they have the force of law.

Question 13

Decisions of state courts of appeals are published in volumes known as "reports."

Accepted Answer

A) True 
 B)False

Exam 1: Introduction to Law

What is stare decisis? Discuss its place in the American legal system.

Philosophers and jurists agree on a single definition of law: rules of civil conduct prescribed by the supreme power of a state, commanding what is right and prohibiting what is wrong.

Which of the following is a common purpose of the civil and criminal law?

Which of the following is characteristic of a common law legal system?

Business law topics such as contracts, agency, property, and trusts are governed primarily by the common law.

The common law system of law is used in most of Europe, Scotland, and Latin America.

The area of public law that creates the most rules and decides the most controversies is:

A court order requiring that a person do or refrain from doing a particular act is known as a(n):

The three distinct and independent branches of the United States government are:

Because of the increasing complexity of the social, economic, and industrial life of the nation, the scope of has expanded enormously.

State statutes are subordinate to state constitutional mandates.

Which of the following is correct with regard to treaties in the United States legal system?

Decisions of state courts of appeals are published in volumes known as "reports."

Business Ethics and the Social Responsibility of Business

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Intentional Torts

Negligence and Strict Liability

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

Illegal Bargains

Contractual Capacity

Contracts in Writing

Third Parties to Contracts

Performance, Breach, and Discharge

Contract Remedies

Relationship of Principal and Agent

Relationship With Third Parties

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Products Liability: Warranties and Strict Liability in Tort

Sales Remedies

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transfers

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature, Formation, and Powers

Financial Structure

Management Structure

Fundamental Changes

Secured Transactions and Suretyship

Bankruptcy

Protection of Intellectual Property

Antitrust

Consumer Protection

Employment Law

Securities Regulation

Accountants Legal Liability

Environmental Law

International Business Law

Introduction to Property, Property Insurance, Bailments, and Documents of Title

Interests in Real Property

Transfer and Control of Real Property

Trusts and Decedents Estates

the Legal Environment of Business

Contracts

Agency

Sales

Negotiable Instruments

Unincorporated Business Associations

Corporations

Debtor and Creditor Relations

Regulation of Business

Property

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