Question 1

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 2

Which of the following is correct regarding the English courts of equity?

Accepted Answer

A) They were presided over by the king. 
B) They could only award money damages. 
C) They could issue a decree ordering a defendant to do or refrain from doing a specific act. 
D) They issued rulings only when a court of common law had refused to do so. 
A) They were presided over by the king. 
B) They could only award money damages. 
C) They could issue a decree ordering a defendant to do or refrain from doing a specific act. 
D) They issued rulings only when a court of common law had refused to do so.

Question 3

The law is the same as moral and ethical concepts.

Accepted Answer

A) True 
 B)False

Question 4

The principle of stare decisis precludes courts from changing any decisions they previously announced.

Accepted Answer

A) True 
 B)False

Question 5

The President of the United States has the authority to issue laws.

Accepted Answer

A) True 
 B)False

Question 6

The Uniform Commercial Code is a federal law that applies to commercial transactions among the states.

Accepted Answer

A) True 
 B)False

Question 7

Statutory law is:

Accepted Answer

A) not well suited for making drastic or comprehensive changes, thus its importance as a source of law has diminished since the end of the nineteenth century. 
B) the primary source of law for such business law topics as contracts, agency, property, and trusts. 
C) a primary source of new law and ordered social change in the United States. 
D) created by legislatures, which are less likely to repeal prior enactments than courts are likely to overrule prior decisions. 
A) not well suited for making drastic or comprehensive changes, thus its importance as a source of law has diminished since the end of the nineteenth century. 
B) the primary source of law for such business law topics as contracts, agency, property, and trusts. 
C) a primary source of new law and ordered social change in the United States. 
D) created by legislatures, which are less likely to repeal prior enactments than courts are likely to overrule prior decisions.

Question 8

The doctrine of stare decisis has the disadvantage of not allowing sufficient flexibility for the common law to change.

Accepted Answer

A) True 
 B)False

Question 9

Decisions in state trial courts generally are reported or published.

Accepted Answer

A) True 
 B)False

Question 10

Sources of federal law include all but which of the following?

Accepted Answer

A) Rules of administrative agencies 
B) Decisions of federal courts 
C) Executive orders of the President of the United States 
D) Hearings before the Senate 
A) Rules of administrative agencies 
B) Decisions of federal courts 
C) Executive orders of the President of the United States 
D) Hearings before the Senate

Question 11

A private citizen may bring a criminal action against an individual for breaking a criminal law.

Accepted Answer

A) True 
 B)False

Question 12

Under the civil law system, adversaries initiate and conduct litigation.

Accepted Answer

A) True 
 B)False

Question 13

Under the principle of stare decisis, the U.S.Supreme Court must follow a rule of law applied by a district court
(federal trial court) in a prior decision involving a similar issue.

Accepted Answer

A) True 
 B)False

Question 14

The party bringing a civil lawsuit must prove the case by a preponderance of the evidence.

Accepted Answer

A) True 
 B)False

Question 15

What is the function of law? Some observers claim we have too much law today.What accounts for the increased number of laws that exist today?

Accepted Answer

The primary function of law is to mainta

Question 16

State statutes are subordinate to state constitutional mandates.

Accepted Answer

A) True 
 B)False

Question 17

Substantive law establishes the rules for enforcing rights that exist in a society.

Accepted Answer

A) True 
 B)False

Question 18

The separation of powers involves:

Accepted Answer

A) the federal judiciary, the federal Congress and the federal executive branch 
B) the federal House of Representatives and the federal Senate 
C) the executive branches at the federal, state, and local levels 
D) the court systems at the federal, state and local levels 
A) the federal judiciary, the federal Congress and the federal executive branch 
B) the federal House of Representatives and the federal Senate 
C) the executive branches at the federal, state, and local levels 
D) the court systems at the federal, state and local levels

Question 19

Explain how the terms civil law and civil law system differ.

Accepted Answer

Civil law systems depend on comprehensiv

Question 20

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

Exam 1: Introduction to Law

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

Which of the following is correct regarding the English courts of equity?

The law is the same as moral and ethical concepts.

The principle of stare decisis precludes courts from changing any decisions they previously announced.

The President of the United States has the authority to issue laws.

The Uniform Commercial Code is a federal law that applies to commercial transactions among the states.

Statutory law is:

The doctrine of stare decisis has the disadvantage of not allowing sufficient flexibility for the common law to change.

Decisions in state trial courts generally are reported or published.

Sources of federal law include all but which of the following?

A private citizen may bring a criminal action against an individual for breaking a criminal law.

Under the civil law system, adversaries initiate and conduct litigation.

Under the principle of stare decisis, the U.S.Supreme Court must follow a rule of law applied by a district court (federal trial court) in a prior decision involving a similar issue.

The party bringing a civil lawsuit must prove the case by a preponderance of the evidence.

What is the function of law? Some observers claim we have too much law today.What accounts for the increased number of laws that exist today?

State statutes are subordinate to state constitutional mandates.

Substantive law establishes the rules for enforcing rights that exist in a society.

The separation of powers involves:

Explain how the terms civil law and civil law system differ.

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

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.