Question 1

What is law? Discuss the various definitions of law by legal scholars.What is the relationship between law and morality and between law and justice?

Accepted Answer

Numerous philosophers and jurists have a

Question 2

Courts of equity:

Accepted Answer

A)  have remained separate court systems in nearly every jurisdiction in the United States. 
B)  ordinarily do not involve juries. 
C)  in all cases recognized new rights that were not enforceable at common law. 
D)  All of these statements apply to courts of equity. 
A)  have remained separate court systems in nearly every jurisdiction in the United States. 
B)  ordinarily do not involve juries. 
C)  in all cases recognized new rights that were not enforceable at common law. 
D)  All of these statements apply to courts of equity.

Question 3

What is stare decisis ? Discuss its role in the American legal system.

Accepted Answer

Stare decisis ("to stand by the decision

Question 4

The primary function of the law is to maintain stability in the social, political, and economic system while simultaneously permitting change.

Accepted Answer

A) True 
 B)False

Question 5

Decisions of courts of appeals are published in volumes known as "reports" or "reporters."

Accepted Answer

A) True 
 B)False

Question 6

American jurists __________ and __________ defined law in a functional sense as predictions of the way that a court will decide specific legal questions.

Accepted Answer

A)  Roscoe Pound and Alexander Hamilton 
B)  Blackstone and Austin 
C)  Roscoe Pound and Benjamin Cardozo 
D)  Oliver Wendell Holmes and Benjamin Cardozo 
A)  Roscoe Pound and Alexander Hamilton 
B)  Blackstone and Austin 
C)  Roscoe Pound and Benjamin Cardozo 
D)  Oliver Wendell Holmes and Benjamin Cardozo

Question 7

The common law system is used in most of Europe, Asia, and South America.

Accepted Answer

A) True 
 B)False

Question 8

Explain how the terms civil law and civil law system differ.

Accepted Answer

The term "civil law" is the law dealing

Question 9

The doctrine of stare decisis means that:

Accepted Answer

A)  the common law has not been able to evolve in a stable and predictable manner. 
B)  decisions can be overruled. 
C)  courts adhere to and rely on rules of law that they or superior courts relied on in similar decisions. 
D)  courts are not allowed to correct erroneous decisions or to choose among conflicting precedents. 
A)  the common law has not been able to evolve in a stable and predictable manner. 
B)  decisions can be overruled. 
C)  courts adhere to and rely on rules of law that they or superior courts relied on in similar decisions. 
D)  courts are not allowed to correct erroneous decisions or to choose among conflicting precedents.

Question 10

Which of the following is NOT considered to be an equitable remedy?

Accepted Answer

A)  Specific performance. 
B)  Injunction. 
C)  Reformation. 
D)  Money damages. 
A)  Specific performance. 
B)  Injunction. 
C)  Reformation. 
D)  Money damages.

Question 11

The US Constitution provides that federal statutes supercede provisions of state constitutions and state statutes.

Accepted Answer

A) True 
 B)False

Question 12

A judge deciding a common law case must look for guidance to similar cases previously decided by that court or superior courts.

Accepted Answer

A) True 
 B)False

Question 13

Law is an instrument by which social control can be achieved.

Accepted Answer

A) True 
 B)False

Question 14

Rosemary signs a contract to sell 500 wood panels for a specified price to Schirmer Industries to be delivered by April 1.In this case:

Accepted Answer

A)  Rosemary has a duty to deliver the goods by April 1. 
B)  Schirmer Industries has a right to receive the goods by April 1. 
C)  The duties and rights of Rosemary and Schirmer Industries are correlative. 
D)  All of these statements are true. 
A)  Rosemary has a duty to deliver the goods by April 1. 
B)  Schirmer Industries has a right to receive the goods by April 1. 
C)  The duties and rights of Rosemary and Schirmer Industries are correlative. 
D)  All of these statements are true.

Question 15

The Uniform Commercial Code is a federal law that applies to commercial transactions among the states.

Accepted Answer

A) True 
 B)False

Question 16

Characteristics of a common law system include which of the following?

Accepted Answer

A)  A common law system relies heavily on comprehensive legislative enactments and an inquisitorial system of determining disputes. 
B)  In a common law system, the judiciary initiates litigation, investigates pertinent facts, and conducts the presentation of evidence. 
C)  The common law system prevails in most of Europe and Scotland. 
D)  A common law system relies heavily on the judiciary as a source of law and on the adversary system for settling disputes. 
A)  A common law system relies heavily on comprehensive legislative enactments and an inquisitorial system of determining disputes. 
B)  In a common law system, the judiciary initiates litigation, investigates pertinent facts, and conducts the presentation of evidence. 
C)  The common law system prevails in most of Europe and Scotland. 
D)  A common law system relies heavily on the judiciary as a source of law and on the adversary system for settling disputes.

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

Laws passed by Congress are the supreme law of the land in the United States and take precedence over all other sources of law.

Accepted Answer

A) True 
 B)False

Question 19

A constitution restricts the powers of the government and specifies the rights and liberties of the people.

Accepted Answer

A) True 
 B)False

Question 20

The courts in common law systems have developed a body of law that serves as precedent for determination of later controversies.This is called:

Accepted Answer

A)  judge-made law. 
B)  case law. 
C)  common law. 
D)  All of these . 
A)  judge-made law. 
B)  case law. 
C)  common law. 
D)  All of these .

Exam 1: Introduction to Law

What is law? Discuss the various definitions of law by legal scholars.What is the relationship between law and morality and between law and justice?

Courts of equity:

What is stare decisis ? Discuss its role in the American legal system.

The primary function of the law is to maintain stability in the social, political, and economic system while simultaneously permitting change.

Decisions of courts of appeals are published in volumes known as "reports" or "reporters."

American jurists __________ and __________ defined law in a functional sense as predictions of the way that a court will decide specific legal questions.

The common law system is used in most of Europe, Asia, and South America.

Explain how the terms civil law and civil law system differ.

The doctrine of stare decisis means that:

Which of the following is NOT considered to be an equitable remedy?

The US Constitution provides that federal statutes supercede provisions of state constitutions and state statutes.

A judge deciding a common law case must look for guidance to similar cases previously decided by that court or superior courts.

Law is an instrument by which social control can be achieved.

Rosemary signs a contract to sell 500 wood panels for a specified price to Schirmer Industries to be delivered by April 1.In this case:

The Uniform Commercial Code is a federal law that applies to commercial transactions among the states.

Characteristics of a common law system include which of the following?

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

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 constitution restricts the powers of the government and specifies the rights and liberties of the people.

The courts in common law systems have developed a body of law that serves as precedent for determination of later controversies.This is called:

Business Ethicspart Ii: the Legal Environment of Business

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Negligence and Strict Liabilitypart Iii: Contracts

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

Illegal Bargains

Contractual Capacity

Contracts in Writing

Third Parties to Contracts

Performance, Breach, and Discharge

Contract Remediespart Iv: Sales

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Product Liability: Warranties and Strict Liability

Sales Remediespart V: Negotiable Instruments

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transferspart Vi: Agency

Relationship of Principal and Agent

Relationship With Third Partiespart Vii: Business Associations

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature and Formation of Corporations

Financial Structure of Corporations

Management Structure of Corporations

Fundamental Changes of Corporationspart Viii: Debtor and Creditor Relations

Secured Transactions and Suretyship

Bankruptcypart Ix: Regulation of Business

Securities Regulation

Intellectual Property

Employment Law

Antitrust

Accountants Legal Liability

Consumer Protection

International Business Lawpart X: Property

Introduction to Property, Property Insurance, Bailments, and Documents of Title

Interests in Real Property

Transfer and Control of Real Property

Trusts and Wills

Filters

American jurists and defined law in a functional sense as predictions of the way that a court will decide specific legal questions.