Question 1

Law consists of:

Accepted Answer

A)  principles that govern conduct. 
B)  mere guidelines. 
C)  arbitrary rules. 
D)  none of the above. 
A)  principles that govern conduct. 
B)  mere guidelines. 
C)  arbitrary rules. 
D)  none of the above.

Question 2

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 3

Your private life is protected from intrusions by other people by:

Accepted Answer

A)  the Fourth Amendment of the United States Constitution. 
B)  the Equal Protection Clause. 
C)  court decisions of the United States Supreme Court. 
D)  local ordinance. 
A)  the Fourth Amendment of the United States Constitution. 
B)  the Equal Protection Clause. 
C)  court decisions of the United States Supreme Court. 
D)  local ordinance.

Question 4

Criminal laws:

Accepted Answer

A)  define wrongs against society. 
B)  define the rights of one person against another. 
C)  carry damage remedies against the wronged individual. 
D)  all of the above. 
A)  define wrongs against society. 
B)  define the rights of one person against another. 
C)  carry damage remedies against the wronged individual. 
D)  all of the above.

Question 5

The right to be secure against unreasonable searches and seizures conducted by the police is guaranteed by state statute.

Accepted Answer

A) True 
 B)False

Question 6

The right to privacy applies to protect you from unreasonable searches:

Accepted Answer

A)  to you personally. 
B)  to your home. 
C)  to your business. 
D)  all of the above. 
A)  to you personally. 
B)  to your home. 
C)  to your business. 
D)  all of the above.

Question 7

In the United States today,we generally have one law court and one equity court.

Accepted Answer

A) True 
 B)False

Question 8

Administrative regulations generally do not have the force of a statute.

Accepted Answer

A) True 
 B)False

Question 9

Administrative regulations are a type of law.

Accepted Answer

A) True 
 B)False

Question 10

Uniform State Law generally is not applicable to business.

Accepted Answer

A) True 
 B)False

Question 11

Law is often defined as the body of principles that courts will enforce.

Accepted Answer

A) True 
 B)False

Question 12

Substantive law creates rights and duties.

Accepted Answer

A) True 
 B)False

Question 13

The law could best be described as:

Accepted Answer

A)  only statutory in nature. 
B)  only the creation of our courts. 
C)  a collection of rights. 
D)  none of the above. 
A)  only statutory in nature. 
B)  only the creation of our courts. 
C)  a collection of rights. 
D)  none of the above.

Question 14

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 15

Treaties made by the United States are not deemed part of the law.

Accepted Answer

A) True 
 B)False

Question 16

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 17

The United States Constitution provides that we have a right to be free from intrusions by others.

Accepted Answer

A) True 
 B)False

Question 18

Law is:

Accepted Answer

A)  a body of religious principles held by all members of society. 
B)  a body of principles that society establishes to keep things running smoothly. 
C)  always the result of case-law decisions. 
D)  derived solely from the United States Constitution. 
A)  a body of religious principles held by all members of society. 
B)  a body of principles that society establishes to keep things running smoothly. 
C)  always the result of case-law decisions. 
D)  derived solely from the United States Constitution.

Question 19

One of our most important rights is the right of privacy.

Accepted Answer

A) True 
 B)False

Question 20

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.

Exam 1: The Nature and Sources of Law

Law consists of:

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.

Your private life is protected from intrusions by other people by:

Criminal laws:

The right to be secure against unreasonable searches and seizures conducted by the police is guaranteed by state statute.

The right to privacy applies to protect you from unreasonable searches:

In the United States today,we generally have one law court and one equity court.

Administrative regulations generally do not have the force of a statute.

Administrative regulations are a type of law.

Uniform State Law generally is not applicable to business.

Law is often defined as the body of principles that courts will enforce.

Substantive law creates rights and duties.

The law could best be described as:

A right can exist:

Treaties made by the United States are not deemed part of the law.

Administrative regulations:

The United States Constitution provides that we have a right to be free from intrusions by others.

Law is:

One of our most important rights is the right of privacy.

The right of privacy consists of:

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