Question 1

The law that creates, defines, and regulates legal rights and obligations is known as:

Accepted Answer

A) substantive law. 
B) procedural law. 
C) Constitutional law. 
D) criminal law. 
A) substantive law. 
B) procedural law. 
C) Constitutional law. 
D) criminal law.

Question 2

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 3

What are the various kinds or sources of American law? Discuss how these various types of law interrelate to form the system of law in the United States.

Accepted Answer

The sources of American law include the

Question 4

What is the relationship between rights and duties under the law?

Accepted Answer

A right is the capacity of a person, wit

Question 5

If the State of Minnesota negotiates with the Canadian government on issues involving acid rain and eventually reaches an agreement with Canadian officials, this is a valid treaty under the United States Constitution.

Accepted Answer

A) True 
 B)False

Question 6

Usual remedies granted in a criminal case include compensation for the victim.

Accepted Answer

A) True 
 B)False

Question 7

Common law systems of jurisprudence follow the inquisitorial method of adjudication.

Accepted Answer

A) True 
 B)False

Question 8

The party who files an appeal is the:

Accepted Answer

A) appellant. 
B) appellee. 
C) defendant. 
D) plaintiff. 
A) appellant. 
B) appellee. 
C) defendant. 
D) plaintiff.

Question 9

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

Accepted Answer

Stare decisis is the principle that cour

Question 10

In the common law system of the United States, a crime is defined as:

Accepted Answer

A) a private wrong that necessitates litigation between the victim and the perpetrator. 
B) any act or omission prohibited by the government and made punishable in a judicial proceeding brought by the government. 
C) litigation where the injured party sues to recover compensation for the damages and injury sustained as a result of the defendant's wrongful conduct. 
D) interstate compacts and the rules and regulations of federal and state agencies. 
A) a private wrong that necessitates litigation between the victim and the perpetrator. 
B) any act or omission prohibited by the government and made punishable in a judicial proceeding brought by the government. 
C) litigation where the injured party sues to recover compensation for the damages and injury sustained as a result of the defendant's wrongful conduct. 
D) interstate compacts and the rules and regulations of federal and state agencies.

Question 11

The courts are likely to provide remedies in all but which of the following cases?

Accepted Answer

A) A person refuses to return your friend's book. 
B) A passerby refuses to help rescue a drowning woman. 
C) A person pushes a man into the lake. 
D) A person does not drive carefully on a busy street. 
A) A person refuses to return your friend's book. 
B) A passerby refuses to help rescue a drowning woman. 
C) A person pushes a man into the lake. 
D) A person does not drive carefully on a busy street.

Question 12

A reason for the application of sanctions is to assure that laws will be enforced.

Accepted Answer

A) True 
 B)False

Question 13

What is law? Discuss the various definitions of law by legal scholars.What is the relationship between law and morality and between law and justice?

Accepted Answer

Numerous philosophers and jurists have a

Question 14

Which of the following is correct regarding the decisions of state trial courts?

Accepted Answer

A) They are generally not reported. 
B) They are reported in regional reports. 
C) They are reported in state court reports. 
D) They are binding upon higher courts based upon the principle of stare decisis. 
A) They are generally not reported. 
B) They are reported in regional reports. 
C) They are reported in state court reports. 
D) They are binding upon higher courts based upon the principle of stare decisis.

Question 15

You find a decision of the U.S.Court of Appeals in the Federal Reporter.

Accepted Answer

A) True 
 B)False

Question 16

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 17

The law does not change; it is based on unchanging and universal truths.

Accepted Answer

A) True 
 B)False

Question 18

A constitution does not:

Accepted Answer

A) restrict the powers of government. 
B) specifically enumerate certain liberties of the people. 
C) establish governmental structure. 
D) clearly define all the powers of the state governments. 
A) restrict the powers of government. 
B) specifically enumerate certain liberties of the people. 
C) establish governmental structure. 
D) clearly define all the powers of the state governments.

Question 19

The doctrine of stare decisis means that:

Accepted Answer

A) the common law has not been able to evolve in a stable and predictable manner. 
B) certain decisions cannot be appealed. 
C) courts adhere to and rely on rules of law that they or superior courts announced and applied in prior similar decisions. 
D) courts are not allowed to correct erroneous decisions or choose among conflicting precedents. 
A) the common law has not been able to evolve in a stable and predictable manner. 
B) certain decisions cannot be appealed. 
C) courts adhere to and rely on rules of law that they or superior courts announced and applied in prior similar decisions. 
D) courts are not allowed to correct erroneous decisions or choose among conflicting precedents.

Question 20

Business law is primarily public law.

Accepted Answer

A) True 
 B)False

Exam 1: Introduction to Law

The law that creates, defines, and regulates legal rights and obligations is known as:

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

What are the various kinds or sources of American law? Discuss how these various types of law interrelate to form the system of law in the United States.

What is the relationship between rights and duties under the law?

If the State of Minnesota negotiates with the Canadian government on issues involving acid rain and eventually reaches an agreement with Canadian officials, this is a valid treaty under the United States Constitution.

Usual remedies granted in a criminal case include compensation for the victim.

Common law systems of jurisprudence follow the inquisitorial method of adjudication.

The party who files an appeal is the:

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

In the common law system of the United States, a crime is defined as:

The courts are likely to provide remedies in all but which of the following cases?

A reason for the application of sanctions is to assure that laws will be enforced.

What is law? Discuss the various definitions of law by legal scholars.What is the relationship between law and morality and between law and justice?

Which of the following is correct regarding the decisions of state trial courts?

You find a decision of the U.S.Court of Appeals in the Federal Reporter.

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

The law does not change; it is based on unchanging and universal truths.

A constitution does not:

The doctrine of stare decisis means that:

Business law is primarily public law.

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

51: The Legal Environment Of Business

52: Contracts.

53: Agency.

54: Sales

55: Negotiable Instruments

56: Unincorporated Business Association

57: Corporations

58: Debtor and Creditor Relation

59: Regulation of Business

60: Property.