Question 1

The Uniform Commercial Code provides a set of rules governing

Accepted Answer

A) commercial transactions. 
B) state legislative adoptions. 
C) congressional procedures. 
D) administrative processes. 
A) commercial transactions. 
B) state legislative adoptions. 
C) congressional procedures. 
D) administrative processes.

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

In a civil case, the object is to

Accepted Answer

A) resolve a dispute to the satisfaction of all concerned parties. 
B) take coercive action against a violating party. 
C) punish a wrongdoer to deter others from similar actions. 
D) obtain a remedy to compensate the injured party. 
A) resolve a dispute to the satisfaction of all concerned parties. 
B) take coercive action against a violating party. 
C) punish a wrongdoer to deter others from similar actions. 
D) obtain a remedy to compensate the injured party.

Question 4

Because laws may change, the ability to analyze and evaluate the legal ramifications of situations as they arise is not a lasting skill.

Accepted Answer

A) True 
 B)False

Question 5

Rescission is the cancellation of a contractual obligation.

Accepted Answer

A) True 
 B)False

Question 6

Common law rules develop from

Accepted Answer

A) principles underlying judges' decisions in actual controversies. 
B) regulations issued by administrative agencies. 
C) statutes enacted by Congress and the state legislatures. 
D) uniform laws drafted by legal scholars. 
A) principles underlying judges' decisions in actual controversies. 
B) regulations issued by administrative agencies. 
C) statutes enacted by Congress and the state legislatures. 
D) uniform laws drafted by legal scholars.

Question 7

The doctrines and principles announced in court decisions govern all areas not covered by statutory or administrative law.

Accepted Answer

A) True 
 B)False

Question 8

The common law is a body of law developed from judicial decisions.

Accepted Answer

A) True 
 B)False

Question 9

Believing that a higher, or universal, law exists that applies to all human beings, and that each written law should reflect the principles inherent in this higher law, is

Accepted Answer

A) the historical school of legal thought. 
B) legal positivism. 
C) the natural law tradition. 
D) legal realism. 
A) the historical school of legal thought. 
B) legal positivism. 
C) the natural law tradition. 
D) legal realism.

Question 10

Cyberlaw is

Accepted Answer

A) a classification of law. 
B) a new type of law. 
C) law that relates to the online environment. 
D) all of the choices. 
A) a classification of law. 
B) a new type of law. 
C) law that relates to the online environment. 
D) all of the choices.

Question 11

The Food and Drug Administration (FDA)is an executive agency. As an executive agency, the FDA is subject to the authority of

Accepted Answer

A) no government official or entity. 
B) the president. 
C) state legislatures. 
D) the U.S. Attorney General 
A) no government official or entity. 
B) the president. 
C) state legislatures. 
D) the U.S. Attorney General

Question 12

Secondary sources of law include

Accepted Answer

A) state constitutions. 
B) legal scholars' research. 
C) laws passed by local governing bodies. 
D) regulations created by administrative agencies. 
A) state constitutions. 
B) legal scholars' research. 
C) laws passed by local governing bodies. 
D) regulations created by administrative agencies.

Exam 1: Law and Legal Reasoning

The Uniform Commercial Code provides a set of rules governing

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

In a civil case, the object is to

Because laws may change, the ability to analyze and evaluate the legal ramifications of situations as they arise is not a lasting skill.

Rescission is the cancellation of a contractual obligation.

Common law rules develop from

The doctrines and principles announced in court decisions govern all areas not covered by statutory or administrative law.

The common law is a body of law developed from judicial decisions.

Believing that a higher, or universal, law exists that applies to all human beings, and that each written law should reflect the principles inherent in this higher law, is

Cyberlaw is

The Food and Drug Administration (FDA)is an executive agency. As an executive agency, the FDA is subject to the authority of

Secondary sources of law include

Business and the Constitution

Ethics in Business

Courts and Alternative Dispute Resolution

Court Procedures

Tort Law

Strict Liability and Product Liability

Intellectual Property Rights

Internet Law Social Media and Privacy

Criminal Law and Cyber Crime

Nature and Terminology

Agreement

Consideration

Capacity and Legality

Mistakes Fraud and Voluntary Consent

The Writing Requirement

Third Party Rights

Performance and Dischapterarge

Breachapter of Contract and Remedies

Sales and Lease Contracts

Title Risk and Insurable Interest

Performance and Breachapter of Sales and Lease Contracts

Warranties

International and Space Law

Negotiable Instruments

Transferability and Holder in Due Course

Liability Defenses and Dischapterarge

Banking

Creditors Rights and Remedies

Secured Transactions

Bankruptcy Law

Agency Formation and Duties

Employment Immigration and Labor Law

Small Businesses and Franchapterises

All Forms of Partnerships

Limited Liability Companies and Special Business Forms

Corporate Formation and Financing

Mergers and Takeovers

Investor Protection Insider Trading and Corporate Governance

Administrative Agencies

Consumer Law

Environmental Protection

Antitrust Law

Professional Liability and Accountability

Personal Property and Bailments

Real Property and Landlord Tenant Law

Insurance

Wills and Trusts

The Legal Environment of Business

Torts and Crimes

Contracts and E Contracts

Domestic and International Sales and Lease Contracts

Negotiable Instruments

Creditors Rights and Bankruptcy

Agency and Employment

Business Organizations

Government Regulation

Property and Its Protection

Filters