Question 1

Jaime and Kay enter into a contract for the sale of a bicycle,but Kay later refuses to deliver the goods.Jaime asks a court to order Kay to perform as promised.Ordering a party to perform what was promised is

Accepted Answer

A)   an equitable remedy.
B)   an unenforceable demand.
C)   an action.
D)   beyond the court's authority.E) None of the above
F) A) and D)

Question 2

The Food and Drug Administration (FDA) is an executive agency.As an executive agency,the FDA is subject to the authority of

Accepted Answer

A)   no government official or entity.
B)   the president.
C)   state legislatures.
D)   the U.S.Attorney GeneralE) All of the above
F) A) and B)

Question 3

Case law governs all areas of business not covered by statutory or administrative law.

Accepted Answer

A) True 
 B)False

Question 4

A local ordinance commonly has to do with a matter concerning only a local governing unit.

Accepted Answer

A) True 
 B)False

Question 5

A federal statute applies only to those states that agree to apply it within their borders.

Accepted Answer

A) True 
 B)False

Question 6

Congress or a state legislature establishes an administrative agency to perform a specific function.

Accepted Answer

A) True 
 B)False

Question 7

Federal agency regulations do not take precedence over conflicting state regulations.

Accepted Answer

A) True 
 B)False

Question 8

Even if it conflicts with the U.S.Constitution,a state constitution is supreme within that states' borders.

Accepted Answer

A) True 
 B)False

Question 9

There are no precedents on which the court deciding the case Algorithm Corp.v.Beta Bytes,Inc. ,can base its decision.The court can consider,among other things,

Accepted Answer

A)   the opinions of the friends and relatives of the judge.
B)   the results of a poll of those in the courtroom.
C)   government policy based on widely held social values.
D)   all of the choices.E) None of the above
F) A) and B)

Question 10

Secondary sources of law include

Accepted Answer

A)   state constitutions.
B)   legal scholars' research.
C)   laws passed by local governing bodies.
D)   regulations created by administrative agencies.E) None of the above
F) B) and C)

Question 11

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) None of the above
F) All of the above

Question 12

In a civil case,the object is to

Accepted Answer

A)   resolve a dispute to the satisfaction of all concerned parties.
B)   take coercive action against a violating party.
C)   punish a wrongdoer to deter others from similar actions.
D)   obtain a remedy to compensate the injured party.E) A) and B)
F) A) and C)

Question 13

Applying the relevant rule of law to the facts of a case requires a judge to find previously decided cases that,in relation to the case under consideration,are

Accepted Answer

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

Question 14

To benefit from international trade,individual nations agree to be governed by

Accepted Answer

A)   international law.
B)   the Uniform Commercial Code.
C)   none of the choices.
D)   the laws of other nations.E) A) and B)
F) All of the above

Question 15

Often,more than one rule of law will be applicable to a case.

Accepted Answer

A) True 
 B)False

Question 16

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 17

Compartmentalizing the law into discrete topics indicates that each business transaction is subject to only one specific area of the law.

Accepted Answer

A) True 
 B)False

Question 18

In Beto v.Car Dealership,a state supreme court held that a minor could cancel a contract for the sale of a car.Now a trial court in the same state is deciding Dora v.Even Steven Autos,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 Beto case.
C)   order the minor to cancel the contract.
D)   require the minor to fulfill the contract.E) C) and D)
F) B) and D)

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A) True 
 B)False

Exam 1: Law and Legal Reasoning

To benefit from international trade,individual nations agree to be governed by

Correct AnswerverifiedShow Answer

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?

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

In Beto v.Car Dealership,a state supreme court held that a minor could cancel a contract for the sale of a car.Now a trial court in the same state is deciding Dora v.Even Steven Autos,Inc. ,a case with similar facts.Under the doctrine of stare decisis,the trial court is likely to

Correct AnswerverifiedShow Answer

Often,more than one rule of law will be applicable to a case.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Compartmentalizing the law into discrete topics indicates that each business transaction is subject to only one specific area of the law.

Correct AnswerverifiedShow Answer

Applying the relevant rule of law to the facts of a case requires a judge to find previously decided cases that,in relation to the case under consideration,are

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Federal agency regulations do not take precedence over conflicting state regulations.

Correct AnswerverifiedShow Answer

Case law governs all areas of business not covered by statutory or administrative law.

Correct AnswerverifiedShow Answer

A federal statute applies only to those states that agree to apply it within their borders.

Correct AnswerverifiedShow Answer

There are no precedents on which the court deciding the case Algorithm Corp.v.Beta Bytes,Inc. ,can base its decision.The court can consider,among other things,

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Jaime and Kay enter into a contract for the sale of a bicycle,but Kay later refuses to deliver the goods.Jaime asks a court to order Kay to perform as promised.Ordering a party to perform what was promised is

Correct AnswerverifiedShow Answer

The Food and Drug Administration (FDA) is an executive agency.As an executive agency,the FDA is subject to the authority of

Correct AnswerverifiedShow Answer

In a civil case,the object is to

Correct AnswerverifiedShow Answer

Congress or a state legislature establishes an administrative agency to perform a specific function.

Correct AnswerverifiedShow Answer

A local ordinance commonly has to do with a matter concerning only a local governing unit.

Correct AnswerverifiedShow Answer

Secondary sources of law include

Correct AnswerverifiedShow Answer

Even if it conflicts with the U.S.Constitution,a state constitution is supreme within that states' borders.

Correct AnswerverifiedShow Answer

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