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Test Bank for Essentials of Business Law and the Legal Environment, 14th Edition by Richard A. Mann $29.49   Add to cart

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Test Bank for Essentials of Business Law and the Legal Environment, 14th Edition by Richard A. Mann

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  • Course
  • Business law
  • Institution
  • Business Law

Test Bank for Essentials of Business Law and the Legal Environment, 14e 14th Edition by Richard A. Mann, Barry S. Roberts. Complete chapters (Chap 1 to 50) are included with answers. Part I: INTRODUCTION TO LAW AND ETHICS. 1. Introduction to Law. 2. Business Ethics. Part II: THE LEGAL ENVIRONMEN...

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  • September 11, 2024
  • 806
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Business law
  • Business law
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Chapter 01 14e
Complete Chapters Included ✅
Indicate whether the statement is true or false.
1. The business law topics of contracts, agency, property, and trusts are governed primarily by the common law.
a. True
b. False

ANSWER: True

2. William Blackstone, an English jurist, defined law as “a rule of civil conduct prescribed by the supreme power in
a state, commanding what is right, and prohibiting what is wrong.”
a. True
b. False

ANSWER: True
3. The main classifications of the law are (a) substantive and procedural, (b) public and private, and (c) civil and
criminal.
a. True
b. False

ANSWER: True
4. Since the end of the nineteenth century, case law developed from court opinions has been the primary source of
new law and ordered social change in the United States.
a. True
b. False

ANSWER: False
5. The terms "law" and "justice" are interchangeable.
a. True
b. False

ANSWER: False
6. Under the civil law system, the judiciary initiates litigation, investigates pertinent facts, and conducts the
presentation of evidence.
a. True
b. False

ANSWER: True
7. Law is an instrument intended to achieve and maintain social control.
a. True
b. False

ANSWER: True



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,Name: Class: Date:

Chapter 01 14e

8. An example of a widely adopted uniform law for states to consider is the Uniform Partnership Act.
a. True
b. False

ANSWER: True
9. The law that creates, defines, and regulates most of our legal rights and duties is called executive law.
a. True
b. False

ANSWER: False
10. Chase and Piper asked a court for reformation of their contract based on the fact that they made a mutual
mistake. They can seek an equitable remedy.
a. True
b. False

ANSWER: True
11. The burden of proof required in a criminal case is preponderance of the evidence.
a. True
b. False

ANSWER: False
12. Tate brings an action against Tim for damages from trespass to Tate’s property. Tate must prove the case by a
preponderance of the evidence.
a. True
b. False

ANSWER: True
13. A judge deciding a common law case must look for guidance to similar cases previously decided by that court or
superior courts.
a. True
b. False

ANSWER: True
14. The principle of judicial review divides the government into three distinct and independent branches: judicial,
executive, and legislative.
a. True
b. False

ANSWER: False




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,Name: Class: Date:

Chapter 01 14e

15. The American Law Institute has authored an orderly restatement of the general common law of the United
States called the Restatement of law.
a. True
b. False

ANSWER: True
16. Laws passed by Congress are the supreme law of the land in the United States and take precedence over all
other sources of law.
a. True
b. False

ANSWER: False
17. A constitution restricts the powers of the government and specifies the rights and liberties of the people.
a. True
b. False

ANSWER: True
18. The common law system of law uses the inquisitorial system of settling disputes.
a. True
b. False

ANSWER: False
19. An example of a treaty was issued by President Johnson in 1965 prohibiting discrimination by federal
contractors.
a. True
b. False

ANSWER: False
20. The law does not change; it is based on unchanging and universal truths.
a. True
b. False

ANSWER: False
21. All laws are derived from morals, but some moral precepts are not enforced by legal sanctions.
a. True
b. False

ANSWER: False




Page 3

, Name: Class: Date:

Chapter 01 14e

22. Civil law systems, as found in the state of Louisiana and countries such as Scotland, depend on comprehensive
legislative enactments.
a. True
b. False

ANSWER: True
23. Assume the state of Texas has been negotiating with the Mexican government on issues involving acid rain and
eventually reaches an agreement with Mexican officials to regulate industrial pollution that contributes to acid
rain in return for Texas regulating cattle waste that contributes to water table pollution. This is a valid treaty
under the U.S. Constitution.
a. True
b. False

ANSWER: False
24. The principle of stare decisis gives stability to our system of jurisprudence because it encourages consistent
decisions for similar cases.
a. True
b. False

ANSWER: True
25. The law is a product of pure science.
a. True
b. False

ANSWER: False
26. The common law system is used in most of Canada, Asia, and South America.
a. True
b. False

ANSWER: False
27. The primary function of the law is to allow flexibility and adaptability in the social, political, and economic system
of a society.
a. True
b. False

ANSWER: False
28. The U.S. Constitution provides that federal statutes supercede provisions of state constitutions and state statutes.
a. True
b. False

ANSWER: True


Page 4

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