Question 1

Because laws may change, the ability to analyze and evaluate the legal ramifications of situations as they arise is not a lasting skill.

Accepted Answer

A) True 
 B)False

Question 2

At one time, a court of law could grant as a remedy only

Accepted Answer

A)   monetary damages.
B)   an order to perform a contract as promised.
C)   a judicial proceeding for the resolution of a dispute.
D)   an injunction.E) None of the above
F) All of the above

Question 3

Common law rules develop from

Accepted Answer

A)   principles underlying judges' decisions in actual controversies.
B)   regulations issued by administrative agencies.
C)   statutes enacted by Congress and the state legislatures.
D)   uniform laws drafted by legal scholars.E) None of the above
F) All of the above

Question 4

The legal rules that control a business's actions reflect past and current thinking about how similar businesses should and should not act.

Accepted Answer

A) True 
 B)False

Question 5

The National Rights Council, a nonprofit organization, files a suit against the U.S. Department of Justice (DOJ), claiming that a certain federal statute the DOJ is empowered to enforce conflicts with the U.S. Constitution and with a state constitution. In each situation, which source of law has priority?

Accepted Answer

The U.S. Constitution is the supreme law...

Question 6

Federico and Gwen are involved in a court proceeding to enforce a right. This is

Accepted Answer

A)   an action.
B)   stare decisis.
C)   an injunction.
D)   a remedy.E) A) and B)
F) A) and C)

Question 7

Courts will not grant an equitable remedy unless the remedy at law is adequate.

Accepted Answer

A) True 
 B)False

Question 8

Home Care Company is charged with violating a rule of the Social Security Administration. Most likely, Home Care will be required to appear at a hearing presided over by

Accepted Answer

A)   a federal appellate court judge.
B)   a federal district court judge.
C)   an administrative law judge.
D)   a U.S. Marshal.E) C) and D)
F) A) and B)

Question 9

The Environmental Protection Agency (EPA)  discovers that Fish Farm Inc. has violated an EPA regulation. If no settlement is reached, the EPA can

Accepted Answer

A)   issue a formal complaint.
B)   do nothing.
C)   take the matter to the U.S. Supreme Court.
D)   immediately impose sanctions.E) None of the above
F) A) and B)

Question 10

A precedent is any legal authority or source of law that a court may look to for guidance but need not follow when making its decision.

Accepted Answer

A) True 
 B)False

Question 11

A constitution sets forth a government's

Accepted Answer

A)   limits, but not powers.
B)   limits and powers.
C)   neither limits nor powers.
D)   powers, but not limits.E) C) and D)
F) B) and C)

Question 12

The study of business law does not involve an ethical dimension.

Accepted Answer

A) True 
 B)False

Question 13

Stare decisis is best defined as

Accepted Answer

A)   a doctrine under which judges follow established precedents.
B)   the authority to decide a specific dispute.
C)   a judicial proceeding to redress a wrong.
D)   a situation giving a person a right to initiate a judicial proceeding.E) A) and D)
F) A) and B)

Question 14

Civil law has to do with wrongs committed against society for which society demands redress.

Accepted Answer

A) True 
 B)False

Question 15

A statute is a secondary source of law.

Accepted Answer

A) True 
 B)False

Question 16

The means to enforce a right or compensate for the violation of a right is

Accepted Answer

A)   a cornerstone.
B)   a remedy.
C)   jurisdiction.
D)   stare decisis.E) A) and D)
F) B) and C)

Question 17

Persons who favor the creation of a federal agency to regulate the production of genetically modified agricultural products should concentrate their lobbying efforts on

Accepted Answer

A)   Congress.
B)   administrative agencies that oversee agricultural products.
C)   the United States Supreme Court.
D)   the president of the United States.E) None of the above
F) A) and B)

Question 18

Rules issued by administrative agencies affect almost every aspect of a business's operations.

Accepted Answer

A) True 
 B)False

Question 19

In a criminal case, the object is to obtain a remedy.

Accepted Answer

A) True 
 B)False

Question 20

If an agency fails to follow the rulemaking procedures imposed by the Administrative Act, the resulting rule may not be binding.

Accepted Answer

A) True 
 B)False

Exam 1: Law and Legal Reasoning

The study of business law does not involve an ethical dimension.

Correct Answer
verified

At one time, a court of law could grant as a remedy only

Correct Answer
verified

A precedent is any legal authority or source of law that a court may look to for guidance but need not follow when making its decision.

Correct Answer
verified

Stare decisis is best defined as

Correct Answer
verified

The means to enforce a right or compensate for the violation of a right is

Correct Answer
verified

The legal rules that control a business's actions reflect past and current thinking about how similar businesses should and should not act.

Correct Answer
verified

A constitution sets forth a government's

Correct Answer
verified

Because laws may change, the ability to analyze and evaluate the legal ramifications of situations as they arise is not a lasting skill.

Correct Answer
verified

Persons who favor the creation of a federal agency to regulate the production of genetically modified agricultural products should concentrate their lobbying efforts on

Correct Answer
verified

In a criminal case, the object is to obtain a remedy.

Correct Answer
verified

Rules issued by administrative agencies affect almost every aspect of a business's operations.

Correct Answer
verified

Courts will not grant an equitable remedy unless the remedy at law is adequate.

Correct Answer
verified

Correct Answer
verified
The U.S. Constitution is the supreme law...
View Answer

Home Care Company is charged with violating a rule of the Social Security Administration. Most likely, Home Care will be required to appear at a hearing presided over by

Correct Answer
verified

A statute is a secondary source of law.

Correct Answer
verified

Federico and Gwen are involved in a court proceeding to enforce a right. This is

Correct Answer
verified

Common law rules develop from

Correct Answer
verified

Civil law has to do with wrongs committed against society for which society demands redress.

Correct Answer
verified

If an agency fails to follow the rulemaking procedures imposed by the Administrative Act, the resulting rule may not be binding.

Correct Answer
verified

The Environmental Protection Agency (EPA) discovers that Fish Farm Inc. has violated an EPA regulation. If no settlement is reached, the EPA can

Correct Answer
verified

Exam 1: Law and Legal Reasoning

The study of business law does not involve an ethical dimension.

Correct AnswerverifiedShow Answer

At one time, a court of law could grant as a remedy only

Correct AnswerverifiedShow Answer

A precedent is any legal authority or source of law that a court may look to for guidance but need not follow when making its decision.

Correct AnswerverifiedShow Answer

Stare decisis is best defined as

Correct AnswerverifiedShow Answer

The means to enforce a right or compensate for the violation of a right is

Correct AnswerverifiedShow Answer

The legal rules that control a business's actions reflect past and current thinking about how similar businesses should and should not act.

Correct AnswerverifiedShow Answer

A constitution sets forth a government's

Correct AnswerverifiedShow Answer

Because laws may change, the ability to analyze and evaluate the legal ramifications of situations as they arise is not a lasting skill.

Correct AnswerverifiedShow Answer

Persons who favor the creation of a federal agency to regulate the production of genetically modified agricultural products should concentrate their lobbying efforts on

Correct AnswerverifiedShow Answer

In a criminal case, the object is to obtain a remedy.

Correct AnswerverifiedShow Answer

Rules issued by administrative agencies affect almost every aspect of a business's operations.

Correct AnswerverifiedShow Answer

Courts will not grant an equitable remedy unless the remedy at law is adequate.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedThe U.S. Constitution is the supreme law...View AnswerShow Answer

Home Care Company is charged with violating a rule of the Social Security Administration. Most likely, Home Care will be required to appear at a hearing presided over by

Correct AnswerverifiedShow Answer

A statute is a secondary source of law.

Correct AnswerverifiedShow Answer

Federico and Gwen are involved in a court proceeding to enforce a right. This is

Correct AnswerverifiedShow Answer

Common law rules develop from

Correct AnswerverifiedShow Answer

Civil law has to do with wrongs committed against society for which society demands redress.

Correct AnswerverifiedShow Answer

If an agency fails to follow the rulemaking procedures imposed by the Administrative Act, the resulting rule may not be binding.

Correct AnswerverifiedShow Answer

The Environmental Protection Agency (EPA) discovers that Fish Farm Inc. has violated an EPA regulation. If no settlement is reached, the EPA can

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The U.S. Constitution is the supreme law...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified