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Foundations of the Legal Environment of Business International Edition 2nd Edition by Marianne M. Jennings - Test Bank $30.39   Add to cart

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Foundations of the Legal Environment of Business International Edition 2nd Edition by Marianne M. Jennings - Test Bank

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Test Bank For Foundations of the Legal Environment of Business International Edition 2nd Edition by Marianne M. Jennings

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  • October 5, 2023
  • 349
  • 2023/2024
  • Exam (elaborations)
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,Chapter 1: Introduction to Law


TRUE/FALSE

1. Violations of civil laws often result in imprisonment.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Civil Law

2. If Susan hits Debra, and Debra sues Susan for that act, Susan cannot also be prosecuted for that same
act.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Civil Law

3. There are no criminal laws at the federal level.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Statutory Law

4. Enforcing the terms of a consulting contract are an example of private law.

ANS: T PTS: 1 NAT: AACSB: Analytic
TOP: Private Law

5. Substantive laws provide the means and mechanisms for the enforcement of laws.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Substantive Law

6. Stare decisis is Latin for "let the decision stand."

ANS: T PTS: 1 NAT: AACSB: Analytic
TOP: Stare Decisis

7. The common law in each state is the same.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Common Law

8. The power theory is part of jurisprudence but the justice theory is not.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Jurisprudence

9. The positive law theory provides that an individual follows ethical standards established by religious
beliefs.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Natural Law

10. Substantive laws are, in essence, the same thing as procedural laws.

, ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Substantive Law

11. Supporters of slavery relied heavily on natural law as a defense for it.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Natural Law

12. Those who believe in order theory would allow laws that control behavior or provide guidelines.

ANS: T PTS: 1 NAT: AACSB: Analytic
TOP: Order theory

13. The scholars of jurisprudence generally agree on the theory of law.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Jurisprudence

14. Statutory law exists at all levels of government.

ANS: T PTS: 1 NAT: AACSB: Analytic
TOP: Statutory Law

15. The United States Code includes laws on anticompetitive activities as well as laws regulating the sale
of securities.

ANS: T PTS: 1 NAT: AACSB: Analytic
TOP: USC

16. Ordinances are generally found in state legislative codes.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Ordinances

17. The Code of Federal Regulations includes the enactments of federal administrative agencies.

ANS: T PTS: 1 NAT: AACSB: Analytic
TOP: CFR

18. States do not have administrative laws.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Administrative laws

19. City ordinances generally cover the legal aspects of incorporation and securities registration.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Ordinances

20. Constitutions exist at both state and federal levels.

ANS: T PTS: 1 NAT: AACSB: Analytic
TOP: Constitutions

, 21. Equitable remedies are not available in courts of law in the United States.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Equity

22. Laws' flexibility allow adjustments for technology changes.

ANS: T PTS: 1 NAT: AACSB: Analytic
TOP: Characteristics

23. A personnel manual is an example of private law.

ANS: T PTS: 1 NAT: AACSB: Analytic
TOP: Private Law

24. Pervasiveness, consistency, and rigidness are characteristics of law.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Characteristics

25. Criminal laws are generally enforced by individuals.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Criminal Laws

26. A multilateral treaty is a treaty among several nations.

ANS: T PTS: 1 NAT: AACSB: Analytic
TOP: International Laws

27. The act of state doctrine permits other countries to intervene in a nation's government when human
rights are violated.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: International Laws

28. The EU has its own currency.

ANS: T PTS: 1 NAT: AACSB: Analytic
TOP: International Laws

29. The principle of stare decisis forbids a court from changing a doctrine already established judicially.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Stare Decisis

30. The Uniform Commercial Code and the Uniform Partnership Act are both enactments of Congress.

ANS: F PTS: 1 NAT: AACSB: Analytic
TOP: Stare Decisis

31. Party autonomy is not permitted in international contracts.

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