Course, 14e Roger - end of each Chapter) Name: Class: Date: ch 1 Po...

Business Law, Text & Cases; The First Course, 14e Roger LeRoy Miller

(Test Bank all Chapters, Answer at the end of each Chapter)

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Name:

Class:

Date:

ch 1

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Indicate whether the statement is true or false.

• In most states, the courts no longer grant “equitable” remedies.
• True
• False

• Remedies in equity include injunctions.
• True
• False

• The U.S. Constitution reserves to the federal government all powers not granted to the states.
• True
• False

• The stability and predictability of the law are essential to business activities.
• True
• False

• Whether a law is constitutional depends on its source.
• True
• False

• A jury’s good sense and careful consideration of consequences is known as jurisprudence.
• True
• False

• Statutory law does not include county ordinances.
• True
• False

• Criminal acts are prohibited only by federal government statutes.
• True
• False

• Most state trial court decisions are not published.
• True
• False

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

• Criminal law focuses on rights and duties that exist between persons.
• True
• False

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Name:

Class:

Date:

ch 1

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• In a common law system, judges generally follow stare decisis unless there is a compelling reason to overturn a

precedent.

• True
• False

• Administrative law consists of the rules, orders, and decisions of administrative agencies.
• True
• False

• A key to avoiding business disputes is to go ahead without thinking ahead.
• True
• False

• The courts, in interpreting statutory law, may rely on the common law as a guide to what the legislators intended.
• True
• False

• Business decision makers are expected to make decisions that are ethically sound.
• True
• False

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

society.

• True
• False

• Remedies in equity include specific performance.
• True
• False

• Administrative law includes only state regulations.
• True
• False

• Statutory law includes state statutes.
• True
• False

• Administrative law is a source of American law that consists of statutes.
• True
• False

• The party against whom a lawsuit is brought is the plaintiff or petitioner.
• True
• False

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Name:

Class:

Date:

ch 1

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• Courts never depart from precedents.
• True
• False

• “UCC 2–207(1)” is a citation to Uniform Commercial Code Section 2–207, subsection 1.
• True
• False

• Damages are a remedy at law.
• True
• False

• A citation identifies the publication in which a legal authority can be found.
• True
• False

• The term common law refers to law that is common throughout the world.
• True
• False

• The common law is a term for the laws that are familiar to most of us.
• True
• False

• Procedural law consists of all laws that outline the methods of enforcing rights.
• True
• False

• Laws and government regulations affect almost all business activities.
• True
• False

• Statutes are laws enacted by Congress and the state legislatures and comprise one of the sources of American law.
• True
• False

• When all the judges (or justices) agree on a decision, a majority opinion is written for the entire court.
• True
• False

• The courts, in interpreting statutory law, may rely on sources outside of the statute (such as common law precedents)

as a guide to what the legislators intended.

• True
• False

• Many different laws may affect a single business transaction.
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