Test Bank
Test Bank For The Legal Environment of Business Text and Cases 10th Edition by Frank B. Cross, Roger LeRoy
Test Bank For The Legal Environment of Business Text and Cases 10th Edition by Frank B. Cross, Roger LeRoy
Test Bank For The Legal Environment of Business Text and Cases 10th Edition by Frank B. Cross, Roger LeRoy
Test Bank For
The Legal Environment of Business Text and Cases, 10th Edition by Frank B. Cross; Roger LeRoy
Miller ISBN 13 978-1305967304
Chapter 1-28 + Unit 1-5
Chapter 01: Law and Legal Reasoning
| 1. Laws and government regulations affect almost all business activities. |
| 2. Law consists of enforceable rules governing relationships among individuals and between individuals and their society. |
| 3. Many different laws may affect a single business transaction. |
| 4. Business decision makers are expected to make decisions that are ethically sound. |
| 5. A key to avoiding business disputes is to go ahead without thinking ahead. |
| 6. Statutory law does not include county ordinances. |
| 7. The stability and predictability of the law are essential to business activities. |
| 8. Remedies in equity include decrees of specific performance. |
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| 9. ―UCC 2–207(1)‖ is a citation to Uniform Commercial Code Section 2–207, subsection 1. |
| 10. The courts, in interpreting statutory law, often rely on the common law as a guide to what the legislators intended. |
| 11. Most state trial court decisions are not published. |
| 12. A jury‘s good sense and careful consideration of consequences is known as jurisprudence. |
| 13. Procedural law consists of all laws that outline the methods of enforcing rights. |
| 14. Administrative law is a source of American law that is consists of statutes. |
| 15. Statutes are laws enacted by Congress and the state legislatures and comprise one of the sources of American law. |
| 16. Courts do not depart from precedents. |
| 17. Stare decisis is a doctrine obligating judges to help persons who have failed to protect their own rights. |
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| 18. In a common law system, judges are not obligated to follow the precedents established within their jurisdictions. |
| 19. Damages are a remedy at law. |
| 20. Remedies in equity include injunctions. |
| 21. In most states, the courts no longer grant ―equitable‖ remedies. |
| 22. The term common law refers to law that is common throughout the world. |
| 23. The common law is a term for the laws that are familiar to most of us. |
| 24. Constitutional law includes only the U.S. Constitution. |
| 25. Whether a law is constitutional depends on its source. |
| 26. The U.S. Constitution reserves to the federal government all powers not granted to the states. |
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| 27. Statutory law includes state statutes. |
| 28. The courts, in interpreting statutory law, may rely on the common law as a guide to what the legislators intended. |
| 29. A citation identifies the publication in which a legal authority can be found. |
| 30. Administrative law consists of the rules, orders, and decisions of administrative agencies. |
