Exam 16: The Legal and Regulatory Environment of Business

In the United States, as in all complex societies, we've entrusted the responsibility for adopting and enforcing legal rules and principles to _____.

A tort is a civil wrong resulting in an injury done to someone's person or property.

Organizational law is law pertaining to rules set down by any of the numerous agencies and departments created to administer federal or local law.

Both tort law and contract law fall into the larger domain of public law.

If you're a nonsmoker in an average American household, you:

A contract that has been broken _____.

Through the _____, the U.S. legal system is prepared to address each issue or dispute on its own terms.

If an Act is passed by the U.S. Congress, it will become a federal statute.

A contract can be enforced only if it has:

George McGovern explained that Americans are ready to _____ at the drop of a hat.

Laws preventing the forcible overthrow of the government are meant to _____.

If a LuLu's Diner employee spills scalding hot coffee on a customer causing third degree burns, the owner of LuLu's Diner is held responsible for the employee's actions.

Since 1868, U.S. courts have used the _____of the Fourteenth Amendment to the Constitution to check a range of potentially discriminatory and unfair actions by governments at every level.

Which of the following involves an exchange between an offeror and an offeree

According to California law, someone caught littering can be fined up to $1000 and sentenced to perform 8 hours of community service.

What is agency Give an example of a principal-agent relationship.

Under the doctrine of strict liability in tort, you don't have to prove negligence on the manufacturer's part.

The weight of evidence necessary for a judge or jury to decide in favor of the plaintiff or the defendant is called _____.

Businesses must be aware of ______. Which is the legal responsibility of manufacturers, wholesalers, and retailers to the buyers or users for the damages or injuries caused by the use of their defective products.

A negligence tort results not from intentional wrongdoing, but from carelessness.