Test Bank For Essentials of Business Law 10Th Ed by Anthony Liuzzo
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Course
Business Law
Institution
Business Law
Essentials of Business Law, 10e (Liuzzo) Chapter 3 Criminal Law
1) The law assures only corporations, not persons, certain rights and assigns them certain duties.
Answer: FALSE
Explanation: The law assures each person certain rights and assigns each person certain duties. Difficulty: 1 Easy
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,Essentials of Business Law, 10e (Liuzzo)
Chapter 1 Our System of Law
1) It is not necessary for the average person to understand some of the general principles of law,
how to avoid common problem and pitfalls, and know when to seek professional help.
Answer: FALSE
Explanation: The average person should understand the principles of law.
Difficulty: 1 Easy
Topic: Applications of Law
Learning Objective: 01-01 Discuss the application of law in today's world.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
2) Unlike the federal constitution, whose rights applied in all states, a specific state constitution
provides safeguards for the rights of individuals only within a particular state.
Answer: TRUE
Explanation: State constitutions provide safeguards for the rights of individuals within a
particular state.
Difficulty: 1 Easy
Topic: Sources of Law
Learning Objective: 01-03 Identify the principal sources of law in the United States.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
3) Court decisions are not recorded in writing because lawyers and judges do not refer to past
court decisions when preparing or hearing a case.
Answer: FALSE
Explanation: Court decisions are recorded in writing so that lawyers and judges can refer to
them.
Difficulty: 1 Easy
Topic: Sources of Law
Learning Objective: 01-03 Identify the principal sources of law in the United States.
Bloom's: Understand
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
,4) The laws enacted by local government, such as a city council, are often known as statutes.
Answer: FALSE
Explanation: A law that is passed by a local government, such as a city council, is often called
an ordinance.
Difficulty: 1 Easy
Topic: Sources of Law
Learning Objective: 01-03 Identify the principal sources of law in the United States.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
5) Administrative law is the body of rules, regulations, and decisions created by administrative
agencies.
Answer: TRUE
Explanation: Administrative law is the body of rules, regulations, and decisions created by
administrative agencies.
Difficulty: 1 Easy
Topic: Sources of Law
Learning Objective: 01-03 Identify the principal sources of law in the United States.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
6) Administrative agencies have the authority to establish rules that have the force of law.
Answer: TRUE
Explanation: Both federal agencies and state agencies have the authority to establish rules that
have the force of law, to maintain "courts" that are often called appeal boards, and to conduct
"trials" that are often called hearings.
Difficulty: 1 Easy
Topic: Sources of Law
Learning Objective: 01-03 Identify the principal sources of law in the United States.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
, 7) An example of a federal administrative agency is the National Labor Relations Board.
Answer: TRUE
Explanation: The National Labor Relations Board is an example of a federal administrative
agency.
Difficulty: 1 Easy
Topic: Sources of Law
Learning Objective: 01-03 Identify the principal sources of law in the United States.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
8) The Uniform Commercial Code has been adopted in its entirety by all 50 states.
Answer: FALSE
Explanation: Not every state has adopted the entire UCC. For example, Louisiana has adopted
only parts of the Code.
Difficulty: 1 Easy
Topic: Uniform Commercial Code
Learning Objective: 01-04 Explain the reasons for the preparation of the Uniform Commercial
Code.
Bloom's: Understand
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
9) The State of Louisiana had earlier been a French territory, and therefore, has greatly been
influenced by the French civil laws.
Answer: TRUE
Explanation: Louisiana, having been a French territory and therefore greatly influenced by the
French civil law, has adopted only parts of the Code.
Difficulty: 1 Easy
Topic: Uniform Commercial Code
Learning Objective: 01-04 Explain the reasons for the preparation of the Uniform Commercial
Code.
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
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