Exam 1: Introduction to the Law

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SoYeon is fined by the Environmental Protection Agency for violation of an agency regulation. SoYeon argues that the regulation conflicts with the U.S. Constitution. If there is a conflict, discuss whether the regulation is valid and why or why not. Also discuss what is the impact of your analysis on this situation.

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Question 1

Correct Answer:

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The U.S. Constitution is the supreme law of the land. A law in violation of the Constitution, no matter what its source, will be declared unconstitutional and will not be enforced. Thus, the regulation does not have priority over the Constitution. The regulation would be declared unconstitutional and would be invalid. As a result, SoYeon would not have to pay the fine.

Raising additional capital so that a business can grow is a strategy problem and not a legal issue.

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(True/False)

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Question 2

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False

Small business owners are company leaders who do not have to deal with management issues and understand the detailed laws.

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Question 3

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False

Remedies in equity include injunctions.

(True/False)

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Question 4

Being a small-business owner means that you will never have to take on the role of a human resources manager.

(True/False)

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Question 5

The study of business law does not involve an ethical dimension.

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Question 6

The Consumer Product Safety Commission is a government agency that issues rules, orders, and decisions. The Ohio state legislature enacts statutes. The Wayne County Board and the Midford City Council enact ordinances. Administrative law includes

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Question 7

Stare decisis is a doctrine obligating judges to help persons who have failed to protect their own rights.

(True/False)

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Question 8

Damages traditionally were awarded by courts of law only.

(True/False)

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Question 9

Constitutional law includes only the U.S. Constitution.

(True/False)

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Question 10

Discuss the doctrine known as stare decisis . What does this doctrine have to do with the American legal system?

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Question 11

A small business owner is likely to face legal questions when determining ways to reduce business taxes.

(True/False)

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Question 12

In an action against Gina, Harry obtains a remedy. This is

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Question 13

Common law is a term for the laws that are familiar to most of us.

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Question 14

To benefit from international trade, individual nations agree to be governed by

(Multiple Choice)

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Question 15

Stare decisis is best defined as

(Multiple Choice)

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Question 16

Business people do not need to understand court processes because if they are sued, the lawyers will know those rules.

(True/False)

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Question 17

Kevin is a judge hearing the case of Local Dispatch Co. v. National Transport Corp . Applying the relevant rule of law to the facts of the case requires Kevin to find previously decided cases that, in relation to the case under consideration, are

(Multiple Choice)

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Question 18

As a judge, Bonnie applies common law rules. These rules develop from

(Multiple Choice)

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Question 19

In a suit against Guy, Holly obtains an award of damages. This is

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Question 20

Showing 1 - 20 of 72

Exam 1: Introduction to the Law

Raising additional capital so that a business can grow is a strategy problem and not a legal issue.

Small business owners are company leaders who do not have to deal with management issues and understand the detailed laws.

Remedies in equity include injunctions.

Being a small-business owner means that you will never have to take on the role of a human resources manager.

The study of business law does not involve an ethical dimension.

The Consumer Product Safety Commission is a government agency that issues rules, orders, and decisions. The Ohio state legislature enacts statutes. The Wayne County Board and the Midford City Council enact ordinances. Administrative law includes

Stare decisis is a doctrine obligating judges to help persons who have failed to protect their own rights.

Damages traditionally were awarded by courts of law only.

Constitutional law includes only the U.S. Constitution.

Discuss the doctrine known as stare decisis . What does this doctrine have to do with the American legal system?

A small business owner is likely to face legal questions when determining ways to reduce business taxes.

In an action against Gina, Harry obtains a remedy. This is

Common law is a term for the laws that are familiar to most of us.

To benefit from international trade, individual nations agree to be governed by

Stare decisis is best defined as

Business people do not need to understand court processes because if they are sued, the lawyers will know those rules.

Kevin is a judge hearing the case of Local Dispatch Co. v. National Transport Corp . Applying the relevant rule of law to the facts of the case requires Kevin to find previously decided cases that, in relation to the case under consideration, are

As a judge, Bonnie applies common law rules. These rules develop from

In a suit against Guy, Holly obtains an award of damages. This is

Ethics in Business

The Courts and Our Legal System

Constitutional Law

Business Torts

Intellectual Property

Business Crimes

Introduction to Contracts

Offer and Acceptance

Consideration

Capacity

The Legality of Agreements

Voluntary Consent

Written Contracts

Third Party Rights

Termination and Remedies

Introduction to Sales and Lease Contracts

Title and Risk of Loss

Performance and Breach

Warranties and Product Liability

Consumer Protection

The Essentials of Negotiability

Negotiable Instruments: Transfer and Liability

Banking in the Digital Age

Agency Relationships

Employment, Immigration, and Labor Law

Employment Discrimination

Types of Business Organizations

Formation and Ownership of a Corporation

Management of a Corporation

Combining and Dissolving a Corporation

Credit and Security

Mortgages

Bankruptcy

Insurance

Personal Property

Bailments

Real Property

Landlord and Tenant Law

Wills and Trusts

Administrative Law

Antitrust Law

International and Space Law

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