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TEST BANK Business Law Today, Standard Edition, 13th Edition by Roger LeRoy Miller A+
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Created By: A SolutionTEST BANK Business Law Today, Standard Edition, 13th Edition
by Roger LeRoy Miller A+
Chap 01_13e_Standard
Indicate whether the statement is true or false.
1. A citation is a regulation enacted by a city or county legislative body.
True
False
2. Legal encyclopedias, law review articles, and treatises are sources of primary law.
True
False
3. Rules issued by administrative agencies affect almost every aspect of the operations of
a business.
True
False
4. Case law governs all areas of business not covered by statutory or administrative law.
True
False
5. A secondary source of law is one that clarifies a source of primary law.
True
False
6. The study of business law does not involve an ethical dimension.
True
1
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False
7. Compartmentalizing the law into discrete topics indicates that each business
transaction is subject to only one specific area of the law.
True
False
8. Federal agency regulations take precedence over conflicting state regulations.
True
False
9. All laws establish rights, duties, and privileges that are consistent with the values and
beliefs of a society or its ruling group.
True
False
10. Under the doctrine of stare decisis, judges are encouraged to follow the precedents
established within their jurisdictions.
True
False
12. Controlling precedents are binding authorities.
True
False
13. In the United States, the law consists of written laws and court decisions.
True
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False
14. Courts will not grant an equitable remedy unless the remedy at law is adequate.
True
False
15. Civil law has to do with wrongs committed against society for which society
demands redress.
True
False
16. There is one right answer to every legal question.
True
False
17. Typically, in a civil case, a private party sues another private party who has failed to
comply with a duty.
True
False
18. An administrative legislative rule is not legally binding on businesses.
True
False
19. Because courts of law and equity have merged, there is no distinction between the
two any longer.
True
False
20. A federal statute applies to all states.
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True
False
21. The legal rules that control the actions of a business, reflect past and current thinking
about how similar businesses should and should not act.
True
False
23. The Administrative Procedure Act (APA) imposes strict procedural requirements that
agencies must follow in legislative rulemaking and other functions.
True
False
24. A court might look at fairness, social values and customs, and public policy in
deciding a case if there is no precedent.
True
False
25. Federal, state, and local governments may establish an administrative agency to
perform a specific function.
True
False
26. A statute is a secondary source of law.
True
False
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