Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

Interpretations of aspects of the right to privacy are often found in:

Accepted Answer

A) statutes. 
B) customs. 
C) societal guidelines. 
D) none of the above. 
A) statutes. 
B) customs. 
C) societal guidelines. 
D) none of the above.

Question 3

Sources of American law include:

Accepted Answer

A) state constitutions. 
B) statutes enacted by state legislatures. 
C) court decisions. 
D) all of the above. 
A) state constitutions. 
B) statutes enacted by state legislatures. 
C) court decisions. 
D) all of the above.

Question 4

The right of privacy consists of:

Accepted Answer

A) the right to be secure against unreasonable searches by the government only. 
B) the right to protection against intrusions by others only. 
C) both the right to be secure against unreasonable searches by the government and the right to protection against intrusions by others. 
D) none of the above. 
A) the right to be secure against unreasonable searches by the government only. 
B) the right to protection against intrusions by others only. 
C) both the right to be secure against unreasonable searches by the government and the right to protection against intrusions by others. 
D) none of the above.

Question 5

The group of time-honored rules that courts have used to solve similar problems for decades is called stare decisis.

Accepted Answer

A) True 
 B)False

Question 6

Jacob just won the state lottery.Discuss his right to privacy.

Accepted Answer

Within the context of the Fourth Amendme

Question 7

Several layers of law are enacted at different levels of government to provide the framework for business and personal rights and duties. At the base of this framework of laws is constitutional law.

Accepted Answer

A) True 
 B)False

Question 8

Case law consists of the rules and regulations parties agree to as part of their contractual relationship.

Accepted Answer

A) True 
 B)False

Question 9

Both Congress and state legislatures enact statutory law.

Accepted Answer

A) True 
 B)False

Question 10

Court decisions and statutes can take away rights created by the United States Constitution.

Accepted Answer

A) True 
 B)False

Question 11

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 12

Law may be classified in terms of principles of law and principles of equity.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A) business. 
B) foreign countries. 
C) criminal behavior. 
D) none of the above. 
A) business. 
B) foreign countries. 
C) criminal behavior. 
D) none of the above.

Question 14

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 15

A right is defined as:

Accepted Answer

A) an obligation of law imposed to perform an act. 
B) a legal capacity to require another party to perform an action. 
C) any written promise. 
D) none of the above. 
A) an obligation of law imposed to perform an act. 
B) a legal capacity to require another party to perform an action. 
C) any written promise. 
D) none of the above.

Question 16

Within each state in the United States,only one constitution is in force.

Accepted Answer

A) True 
 B)False

Question 17

Our rights flow from:

Accepted Answer

A) the Constitution. 
B) federal statutes. 
C) city ordinances. 
D) all of the above. 
A) the Constitution. 
B) federal statutes. 
C) city ordinances. 
D) all of the above.

Question 18

Several layers of law are enacted at different levels of government to provide the framework for business and personal rights and duties. At the base of this framework of laws is:

Accepted Answer

A) statutory law. 
B) case law. 
C) constitutional law. 
D) all of the above. 
A) statutory law. 
B) case law. 
C) constitutional law. 
D) all of the above.

Question 19

______ 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) None of the above. 
A) Ethics 
B) Regulations 
C) Equity 
D) None of the above.

Question 20

Statutes are the only source of law.

Accepted Answer

A) True 
 B)False

Exam 1: The Nature and Sources of Law

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

Interpretations of aspects of the right to privacy are often found in:

Sources of American law include:

The right of privacy consists of:

The group of time-honored rules that courts have used to solve similar problems for decades is called stare decisis.

Jacob just won the state lottery.Discuss his right to privacy.

Several layers of law are enacted at different levels of government to provide the framework for business and personal rights and duties. At the base of this framework of laws is constitutional law.

Case law consists of the rules and regulations parties agree to as part of their contractual relationship.

Both Congress and state legislatures enact statutory law.

Court decisions and statutes can take away rights created by the United States Constitution.

A right can exist:

Law may be classified in terms of principles of law and principles of equity.

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

Rights guaranteed in the United States Constitution:

A right is defined as:

Within each state in the United States,only one constitution is in force.

Our rights flow from:

Several layers of law are enacted at different levels of government to provide the framework for business and personal rights and duties. At the base of this framework of laws is:

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

Statutes are the only source of law.

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

The Legal Environment of International Trade

Crimes

Torts

Intellectual Property Rights

Cyberlaw

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 Instruments, parties, 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