Exam 1: Introduction to Law

Frank Zelco is a manufacturer's rep who represents the product lines of several manufacturers.Frank has worked with his brother,Dion,in their two person firm for almost five years.They have no written contract,but they split the profits.Frank would like to create a business organization and put their arrangement in a written contract.Which sources of law will Frank need to help him do this?

The Internal Revenue Code is part of federal statutory law.

The uniform laws on partnerships and corporations are found codified in the United States Code.

Violations of civil laws can result in imprisonment.

During 2003,the White House asked its legal counsel for an interpretation of what constitutes torture of prisoners of war and who is considered a prisoner of war.What sources of law will the legal counsel need to consult?

The CISG:

The federal statute that carries imprisonment as a penalty for trading securities on inside information is an example of a:

In "cite 15 U.S.C.sec.77," the 15 represents:

Which is the proper cite for Executive Orders?

Equitable remedies are not available in courts of law in the United States.

John Renfro was recently downsized as part of a corporate restructuring at the jet propulsion firm where he works.Renfro is confused,"Do I have any rights on my health insurance? What about unemployment?".Which sources of law would have information for Renfro in answering his questions?

City ordinances generally cover the legal aspects of incorporation and securities registration.

Criminal laws:

Citations are a form of legal shorthand for referring to statutes,ordinances,and cases.

Several states have recently enacted legislation to permit casino gambling on river boats docked in their states.Gambling is permitted only while the boats are traveling in the rivers surrounding or inside the states.One governor issued the following statement: "It wouldn't matter how many gaming statutes are passed or how many legislatures passed them,the fact of the matter is that commercial gambling is wrong." This governor's views:

Zoning laws are substantive only.

Mark Knopf is an auditor who has been asked to provide an audit and financial statement certification for a company that is going public on the New York Stock Exchange.Knopf wants to know his personal liability if the company provides him with inaccurate or false information.Which of the following sources of law will help him answer that question? ​

Give an example of an executive order.

Anna would like to incorporate her plumbing business,which is located in Tempe,Arizona.Where can she find out the requirements for incorporation?

Context is a factor in types of legal systems.