Question 1

Bob's Burgers n' Shakes Restaurant brings a suit in a court of law. At one time,a court of law could grant as a remedy only

Accepted Answer

A) damages. 
B) an order to perform a contract as promised. 
C) a judicial proceeding for the resolution of a dispute. 
D) an injunction.

Question 2

In order to truly understand the law,it is important to understand the origins of the law.

Accepted Answer

A) True 
 B)False

Question 3

Statutory law includes state statutes.

Accepted Answer

A) True 
 B)False

Question 4

Remedies in equity include injunctions.

Accepted Answer

A) True 
 B)False

Question 5

Mike and Nan are involved in a case. The best definition of a case is

Accepted Answer

A) a criminal prosecution,not a civil proceeding. 
B) a failure to perform a legal obligation. 
C) a judicial proceeding for the resolution of a dispute. 
D) a type of regulation applied to a business.

Question 6

A small business owner is likely to face legal questions when determining ways to reduce his small business's taxes.

Accepted Answer

A) True 
 B)False

Question 7

Administrative law includes only state regulations.

Accepted Answer

A) True 
 B)False

Question 8

Stare decisis is a doctrine obligating judges to help persons who have failed to protect their own rights.

Accepted Answer

A) True 
 B)False

Question 9

Cato and Dolly are involved in a lawsuit. The best definition of a lawsuit is

Accepted Answer

A) a criminal prosecution,not a civil proceeding. 
B) a failure to perform a legal obligation. 
C) a judicial proceeding for the resolution of a dispute. 
D) an enactment of law by a legislative body.

Question 10

In Benny v. City Car Dealership,a state supreme court held that a minor could cancel a con-tract for the sale of a car. Now a trial court in the same state is decid-ing Dora v. Even Steven Auto Deals,Inc.,a case with similar facts. Under the doctrine of stare decisis,the trial court is likely to

Accepted Answer

A) allow the minor to cancel the contract. 
B) disregard the Benny case. 
C) order the minor to cancel the contract. 
D) require the minor to fulfill the contract.

Question 11

Law consists of enforceable rules governing relationships among individuals and between individuals and their society.

Accepted Answer

A) True 
 B)False

Question 12

Whether financial statements created by an accountant need to be verified for accuracy is not a legal question.

Accepted Answer

A) True 
 B)False

Question 13

Criminal acts are prohibited only by federal government statutes.

Accepted Answer

A) True 
 B)False

Question 14

Rupert is a victim of Sara's violation of a criminal law. Criminal law is con-cerned with

Accepted Answer

A) the prosecution of private individuals by other private individuals. 
B) the prosecution of public officials by private individuals. 
C) the relief available when a person's rights are violated. 
D) wrongs committed against the public as a whole.

Question 15

The Uniform Commercial Code has been adopted,at least in part,in

Accepted Answer

A) all states. 
B) forty-five states. 
C) thirty-five states. 
D) no state.

Question 16

Congress enacts a statute,the Federal Deposit Insurance Corporation (an administrative agency)issues rules,the Southeast Financial Institutions Association (a private organizations)issues instructions,South Valley Bank posts a memo with orders for its employees,and Tina tells her co-worker about a recent news story. Sources of law include

Accepted Answer

A) the instructions issued by private associations. 
B) the orders posted by employers. 
C) the rules issued by federal administrative agencies. 
D) the stories released by news agencies.

Question 17

Many different laws may apply to a single business transaction.

Accepted Answer

A) True 
 B)False

Question 18

In a suit against Ethan,Francisco obtains an award of damages. This is

Accepted Answer

A) an order to do or to refrain from doing a particular act. 
B) an order to perform what was promised. 
C) a payment of money or property as compensation. 
D) the cancellation of a contract.

Question 19

Kevin is a judge hearing the case of Local Dispatch Co. v. National Transport Corp. Applying the relevant rule of law to the facts of the case requires Kevin to find previ-ously decided cases that,in relation to the case under con-sidera-tion,are

Accepted Answer

A) as different as possible. 
B) as similar as possible. 
C) at odds. 
D) exactly identical.

Question 20

Government authorities cannot enforce na-tional law.

Accepted Answer

A) True 
 B)False

Exam 1: The Legal Environment

Bob's Burgers n' Shakes Restaurant brings a suit in a court of law. At one time,a court of law could grant as a remedy only

In order to truly understand the law,it is important to understand the origins of the law.

Statutory law includes state statutes.

Remedies in equity include injunctions.

Mike and Nan are involved in a case. The best definition of a case is

A small business owner is likely to face legal questions when determining ways to reduce his small business's taxes.

Administrative law includes only state regulations.

Stare decisis is a doctrine obligating judges to help persons who have failed to protect their own rights.

Cato and Dolly are involved in a lawsuit. The best definition of a lawsuit is

In Benny v. City Car Dealership,a state supreme court held that a minor could cancel a con-tract for the sale of a car. Now a trial court in the same state is decid-ing Dora v. Even Steven Auto Deals,Inc.,a case with similar facts. Under the doctrine of stare decisis,the trial court is likely to

Law consists of enforceable rules governing relationships among individuals and between individuals and their society.

Whether financial statements created by an accountant need to be verified for accuracy is not a legal question.

Criminal acts are prohibited only by federal government statutes.

Rupert is a victim of Sara's violation of a criminal law. Criminal law is con-cerned with

The Uniform Commercial Code has been adopted,at least in part,in

Many different laws may apply to a single business transaction.

In a suit against Ethan,Francisco obtains an award of damages. This is

Kevin is a judge hearing the case of Local Dispatch Co. v. National Transport Corp. Applying the relevant rule of law to the facts of the case requires Kevin to find previ-ously decided cases that,in relation to the case under con-sidera-tion,are

Government authorities cannot enforce na-tional law.