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BUSI LAW - EXAM 1 QUESTIONS AND ANSWERS 100% PASS

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BUSI LAW - EXAM 1 QUESTIONS AND ANSWERS 100% PASS The study of business law does not involve ethical dimension. True or false? - ANSWER-False A state constitution is a primary source of law. True or false? - ANSWER-True Even if it conflicts with the U.S. constitution, a state constitution is su...

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  • November 10, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
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OliviaWest
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BUSI LAW - EXAM 1 QUESTIONS AND

ANSWERS 100% PASS


The study of business law does not involve ethical dimension. True or false? - ANSWER✔✔-False


A state constitution is a primary source of law. True or false? - ANSWER✔✔-True


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

True or false? - ANSWER✔✔-False


A federal statute applies only to those states that agree to apply it within their borders. True or false? -

ANSWER✔✔-False


Common law is a body of law developed from judicial decisions and the principles established in those

judicial decisions. True or false? - ANSWER✔✔-True


Primary sources of law include:


A. Legal encyclopedias


B. Official comments to statutes


C. Common law


D. Legal treatises - ANSWER✔✔-Common law


Stare decisis is best defined as:


A. A doctrine under which judges follow established precedents



Copyright ©Stuvia International BV 2010-2024 Page 1/12

, Copyright © OLIVIAWEST2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED


B. The authority to decide a specific dispute


C. A judicial proceeding to redress a wrong - ANSWER✔✔-A doctrine under which judges follow

established precedents


Once a court has applied a principle to a certain set of facts, that principle must generally be applied in

future cases involving:


A. Different facts


B. Similar facts


C. Any facts


D. No particular facts - ANSWER✔✔-Similar facts


At one time, a court of law could grant as a remedy only:


A. Monetary damages


B. An order to perform a contract as promised


C. A judicial proceeding for the resolution of dispute


D. An injunction - ANSWER✔✔-Monetary damages


In the American governmental system, applying the laws to specific situations is the essential role of

Congress. True or false? - ANSWER✔✔-False


Any court can exercise jurisdiction over any person. True or false? - ANSWER✔✔-False


Under a state's long-arm statute, a court can exercise jurisdiction only over certain nonresidents. True or

false? - ANSWER✔✔-True



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