Exam 1: An Introduction to the Fundamentals of Dynamic Business Law

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The respect we give to the law as a source of authority is in part a recognition of the fact that in the absence of law,we would rely solely on the goodwill and dependability of one another.

(True/False)
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Law is rules of conduct in any organized society that are enforced by the governing authority of the community.

(True/False)
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In which of the following cases did the U.S.Supreme Court rely on precedent to strike down a school's admissions policy that reserved slots for members of minority races?

(Multiple Choice)
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Private law involves disputes between private individuals or groups and their government.

(True/False)
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Inattentive Driving.While cutting class and driving off campus to check on her new dress for the upcoming formal,Molly,a busy college student,is busy talking on her cell phone with her friend Sharon.Molly is trying to talk Sharon into going to the dance with her brother,who has a big crush on Sharon.Unfortunately for Molly,there is a statute in her state outlawing talking on a cell phone while operating a motor vehicle.Molly crashes into the side of Sam's new convertible when she looks down to pick up a can of soda she just dropped onto her new jeans.A police officer just down the street comes over to investigate.Molly explains to him that it was difficult to hold the cell phone in one hand,the soda in the other,and also drive.The officer was not impressed.Around that time Sam comes along.He is furious regarding the significant dent in his new car.Molly says she has insurance and that she will cover the whole incident.Sam says that is insufficient.The officer is annoyed because it is his lunch break.He tells Molly that she must obey the law and proceeds to write several citations to her.Which type or types of law is or are involved in the above situation considering Molly's interaction with both the officer and Sam?

(Multiple Choice)
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An alternative name for case law is statutory law.

(True/False)
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List the purposes of the law and discuss why these purposes are necessary for an ordered society.

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Which of the following is not one of the numerous purposes fulfilled by the law?

(Multiple Choice)
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Which of the following are summaries of common law rules in a particular area of the law that have been enacted by most states?

(Multiple Choice)
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If a pet store dumps waste from its business behind its building,it is a violation of a public law.

(True/False)
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Laws that help establish the conditions of trade between countries are:

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Crimes are prosecuted not by individuals but by the state or federal government.

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Which of the following is an example of an independent federal administrative agency?

(Multiple Choice)
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Which of the following involves remedies available to an individual when his or her rights are violated?

(Multiple Choice)
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Ordinances address all but which of the following business considerations?

(Multiple Choice)
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Which of the following is true regarding treaties at the federal level?

(Multiple Choice)
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Crimes are prosecuted by:

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The term ________ involves the use of past decisions to guide future decisions.

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If someone commits an act against the public,he or she will be violating what type of law?

(Multiple Choice)
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The Stolen Book.Betty tells Susan that Bob stole her business law book from her car.The next day Susan confronts Bob and slaps him for stealing her book.Bob has Susan arrested for slapping him.Susan sues Bob for damages in the amount of the book and for maliciously having her arrested.Claiming that she lied,Bob sues Betty for defamation.The lawsuit Susan has against Bob for damages for stealing her book involves which of the following?

(Multiple Choice)
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