Question 1

Administrative regulations:

Accepted Answer

A)  are essentially industry advisories. 
B)  are case-law precedents. 
C)  generally have the force of statute. 
D)  are Constitutional principles. 
A)  are essentially industry advisories. 
B)  are case-law precedents. 
C)  generally have the force of statute. 
D)  are Constitutional principles.

Question 2

Our rights flow from all the following sources except:

Accepted Answer

A)  the Constitution. 
B)  federal statutes. 
C)  city ordinances. 
D)  ethical values. 
A)  the Constitution. 
B)  federal statutes. 
C)  city ordinances. 
D)  ethical values.

Question 3

All cities, counties, and other governmental subdivisions have basic powers to adopt ordinances, such as traffic and zoning laws, within their sphere of operation.

Accepted Answer

A) True 
 B)False

Question 4

Rights guaranteed in the United States Constitution:

Accepted Answer

A)  cannot be taken away by statutes or court decisions. 
B)  can be taken away by statutes. 
C)  can be taken away by court decisions. 
D)  can be taken away by local ordinances. 
A)  cannot be taken away by statutes or court decisions. 
B)  can be taken away by statutes. 
C)  can be taken away by court decisions. 
D)  can be taken away by local ordinances.

Question 5

A ______ is a legal principle expressed for the first time in court decision.

Accepted Answer

A)  statutory law 
B)  stare decisis 
C)  case law 
D)  precedent 
A)  statutory law 
B)  stare decisis 
C)  case law 
D)  precedent

Question 6

The Uniform Partnership Act is a good example of a(n):

Accepted Answer

A)  Congressional statute. 
B)  substantive law. 
C)  uniform state law. 
D)  procedural law. 
A)  Congressional statute. 
B)  substantive law. 
C)  uniform state law. 
D)  procedural law.

Question 7

If a court issues an injunction, the court would be ordering a(n) ________.

Accepted Answer

A)  equitable remedy 
B)  legal remedy. 
C)  private remedy. 
D)  order of equitable damages. 
A)  equitable remedy 
B)  legal remedy. 
C)  private remedy. 
D)  order of equitable damages.

Question 8

Law consists of:

Accepted Answer

A)  principles that govern conduct. 
B)  mere guidelines. 
C)  arbitrary rules. 
D)  traditions. 
A)  principles that govern conduct. 
B)  mere guidelines. 
C)  arbitrary rules. 
D)  traditions.

Question 9

The right to be secure against unreasonable searches and seizures conducted by the police is guaranteed by the Fifth Amendment of the U.S. Constitution

Accepted Answer

A) True 
 B)False

Question 10

Statutory law can be created by all of the following except:

Accepted Answer

A)  Congress. 
B)  state legislatures. 
C)  local governments. 
D)  by the courts. 
A)  Congress. 
B)  state legislatures. 
C)  local governments. 
D)  by the courts.

Question 11

When a court decides a new question or problem, the decision is called a stare decisis.

Accepted Answer

A) True 
 B)False

Question 12

Civil laws define wrongs against society.

Accepted Answer

A) True 
 B)False

Question 13

Rights guaranteed in the U.S. Constitution are accompanied by duties.

Accepted Answer

A) True 
 B)False

Question 14

Criminal laws carry damage penalties for a wronged individual.

Accepted Answer

A) True 
 B)False

Question 15

Court decisions and statutes can take away rights created by the U.S. Constitution.

Accepted Answer

A) True 
 B)False

Question 16

Statutes which are drafted from Uniform State Laws are often used to regulate:

Accepted Answer

A)  business. 
B)  foreign countries. 
C)  criminal behavior. 
D)  personal family matters. 
A)  business. 
B)  foreign countries. 
C)  criminal behavior. 
D)  personal family matters.

Question 17

A right is an obligation of law imposed on a person to perform or refrain from performing a certain act.

Accepted Answer

A) True 
 B)False

Question 18

______ is a body of law that provides justice when the law does not offer an adequate remedy.

Accepted Answer

A)  Ethics 
B)  Regulations 
C)  Equity 
D)  Statutes. 
A)  Ethics 
B)  Regulations 
C)  Equity 
D)  Statutes.

Question 19

A right can exist:

Accepted Answer

A)  by itself. 
B)  only if created by a court. 
C)  only if there is a corresponding duty. 
D)  only under local law. 
A)  by itself. 
B)  only if created by a court. 
C)  only if there is a corresponding duty. 
D)  only under local law.

Question 20

Procedural law creates legal rights and duties.

Accepted Answer

A) True 
 B)False

Exam 1: The Nature and Sources of Law

Administrative regulations:

Our rights flow from all the following sources except:

All cities, counties, and other governmental subdivisions have basic powers to adopt ordinances, such as traffic and zoning laws, within their sphere of operation.

Rights guaranteed in the United States Constitution:

A ______ is a legal principle expressed for the first time in court decision.

The Uniform Partnership Act is a good example of a(n):

If a court issues an injunction, the court would be ordering a(n) ________.

Law consists of:

The right to be secure against unreasonable searches and seizures conducted by the police is guaranteed by the Fifth Amendment of the U.S. Constitution

Statutory law can be created by all of the following except:

When a court decides a new question or problem, the decision is called a stare decisis.

Civil laws define wrongs against society.

Rights guaranteed in the U.S. Constitution are accompanied by duties.

Criminal laws carry damage penalties for a wronged individual.

Court decisions and statutes can take away rights created by the U.S. Constitution.

Statutes which are drafted from Uniform State Laws are often used to regulate:

A right is an obligation of law imposed on a person to perform or refrain from performing a certain act.

______ is a body of law that provides justice when the law does not offer an adequate remedy.

A right can exist:

Procedural law creates legal rights and duties.

The Court System and Dispute Resolution

Business Ethics, Social Forces, and the Law

The Constitution As the Foundation of the Legal Environment

Government Regulation of Competition and Prices

Administrative Agencies

Crimes

Torts

Intellectual Property Rights and the Internet

The Legal Environment of International Trade

Nature and Classes of Contracts: Contracting on the Internet

Formation of Contracts: Offer and Acceptance

Capacity and Genuine Assent

Consideration

Legality and Public Policy

Writing, Electronic Forms, and Interpretation of Contracts

Third Persons and Contracts

Discharge of Contracts

Breach of Contract and Remedies

Personal Property and Bailments

Legal Aspects of Supply Chain Management

Nature and Form of Sales

Title and Risk of Loss

Product Liability: Warranties and Torts

Obligations and Performance

Remedies for Breach of Sales Contracts

Kinds of Negotiable Instruments and Negotiability

Transfers of Negotiable Instruments and Warranties of Parties

Liability of the Parties Under Negotiable Instruments

Checks and Funds Transfers

Nature of the Debtor Creditor Relationship

Consumer Protection

Secured Transactions in Personal Property

Bankruptcy

Insurance

Agency

Third Persons in Agency

Regulation of Employment

Equal Employment Opportunity Law

Types of Business Organizations

Partnerships

LPs, LLCs, and LLPs

Corporate Formation

Shareholder Rights in Corporations

Securities Regulation

Accountants Liability and Malpractice

Management of Corporations

Real Property

Environmental Law and Land Use Controls

Leases

Decedents Estates and Trusts

Filters