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TEST BANK FOR Business Law: Text & Cases by Kenneth W Clarkson, Roger LeRoy Miller & Frank B Cross , ISBN: 9780538470810 All Chapters Included|| Guide A+ $17.99   Add to cart

Exam (elaborations)

TEST BANK FOR Business Law: Text & Cases by Kenneth W Clarkson, Roger LeRoy Miller & Frank B Cross , ISBN: 9780538470810 All Chapters Included|| Guide A+

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  • Course
  • Business law
  • Institution
  • Business Law

Test Bank for Business Law: Text and Cases, 16e 16th Edition by Kenneth W. Clarkson, Roger LeRoy Miller. Full Chapters test bank are included with answers (Chapter 1 to 51) UNIT I: THE LEGAL ENVIRONMENT OF BUSINESS. 1. Law and Legal Reasoning. 2. Business and the Constitution. 3. Ethics in Business...

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  • September 23, 2024
  • 886
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Business law
  • Business law
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Test Bank for
Business Law:
Text and Cases,
KA

16th Edition by
G
U

Kenneth W.
A

Clarkson, Roger
LeRoy Miller
Page 1

,Clarkson: Business Law: Text and Cases
Chapter 01 16e Clarkson

Indicate whether the statement is true or false.
1. In the case citation, Badawi v. Albin, 311 Neb. 603, 973 N.W.2d 714 (2022), the opinion for this case can be
found in Volume 311 of the Nebraska Reports on page 603, and the parallel citation is to Volume 973 of the
North Western Reporter, Second Series, on page 714.
True
False

ANSWER: True

2. A constitution is a primary source of law.
True
False

ANSWER: True

3. Courts often refer to secondary sources of law for guidance in interpreting and applying a primary source of law.
True
False
KA
ANSWER: True

4. Controlling precedents are binding authorities.
True
False
G
ANSWER: True

5. There is one right answer to every legal question.
U
True
False
A
ANSWER: False

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

ANSWER: False

7. Independent regulatory agencies are subject to the authority of the president.
True
False

ANSWER: True




Page 2

,Name: Class: Date:

Chapter 01 16e Clarkson

8. Federal agency regulations take precedence over conflicting state regulations.
True
False

ANSWER: True

9. A case of first impression is any legal authority or source of law that a court may look to for guidance but need
not follow when making its decision.
True
False

ANSWER: False

10. With respect to the study of jurisprudence, there is essentially one school of legal thought.
True
False
KA
ANSWER: False

11. Frequently, people use the term cyberlaw to refer to the emerging body of law that governs transactions
conducted via the internet.
True
False
G

ANSWER: True
U
12. Even if it conflicts with the U.S. Constitution, a state constitution is supreme within that state’s borders.
True
False
A
ANSWER: False

13. Because laws may change, the ability to analyze and evaluate the legal ramifications of situations as they arise is
a lasting skill.
True
False

ANSWER: True

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

ANSWER: False




Page 3

, Name: Class: Date:

Chapter 01 16e Clarkson

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

ANSWER: True

16. The U.S. Constitution is the basis of all law in the United States.
True
False

ANSWER: True

17. A legal encyclopedia is a secondary source of law.
True
False

ANSWER: True
KA
18. The doctrines and principles announced in court decisions govern all areas not covered by statutory or
administrative law.
True
False
G
ANSWER: True

19. A trial court case was appealed, and the appellate case was called Smith v. Williams, which indicates that Smith
U
was the plaintiff in the case at trial and Williams was the defendant.
True
False
A
ANSWER: False

20. Administrative law plays a relatively insignificant role in the regulatory environment of business.
True
False

ANSWER: False

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

ANSWER: False




Page 3

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