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Sport Law Test I Questions And 100% Correct Answers
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Sport Law Test I Questions And 100% Correct AnswersWhat does the US Constitution do? - Answer Authorizes and restricts the conduct of the
federal and state governments (supreme law of the land)
What does a primary source include? - Answer Constitutions, statutes, rules and
regulations, and court decisions
What source can be relied upon in determining the law? - Answer Primary source
What is the most important source? - Answer Primary source
What does a secondary source include? - Answer Articles, journals, papers, summaries
and other written sources that summarize, explain, interpret or analyze issues or topics
of the law
What do secondary sources provide? - Answer An overview and source for locating
additional or related primary sources
What are research tools? - Answer Tools used to locate primary legal resource
Examples of research tools - Answer Digests, electronic databases, computerized legal
research
Research plan - Answer 1. Pick an issue
2. Consult an encyclopedia
3. Read and summarize what you find
4. Locate additional cases
, 5. Determine any constitutional or statutory connections
6. Organize the information
Why should researchers exercise caution when relying on secondary legal sources
especially Internet-based sources or blogs? - Answer The validity and credibility of the
source may not be reliable
What is the legal "issue" and "rationale of the court" in a court decision and why is it
important to be able to properly identify the legal issue and the court's reasoning in a
court decision? - Answer
What are the three most common business structures in Sport and Recreation? -
Answer Sole proprietorship, partnerships, corporations
What are the advantages of forming a corporation rather than a partnership? - Answer A
partnership has to trust each other, has a limited life, and is impossible to transfer
ownership/partnership.
A corporation has an unlimited life and the only legal and financial liability of the owner
is their money invested
What are the disadvantages of forming a corporation rather than a partnership? -
Answer A partnership has low cost and ease of formation and has to file an
informational tax return.
A corporation can be sued
What happens when a limited partner becomes active in managing the business? -
Answer They forfeit their status as limited partner and become a general partner
For sport organizations, what are some of the major benefits of a LLC? - Answer
Pass-through taxation, limited liability, unlimited number of shareholders, stock
ownership is open to partnership and other corporations, protection from Federal
Antitrust Law.
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