Exam 1: Legal Foundations

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Which of the following statements is NOT true?

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Which of the following statements is NOT true?

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Public law does NOT include this body of law:

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Which section of the Australian Constitution vests Judicial Power in the High Court of Australia?

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The Constitution gives the Federal Parliament absolute power to make laws to govern Australia.

(True/False)
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The main function of the Australian Parliament is to:

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Common law and equity law are administered in different areas of the Supreme Court.

(True/False)
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When describing a nation's legal system,the term: 'Common law' can be distinguished from which of the following terms?

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Describe the three arms or functions of government,who they are held by and whether the separation is real or artificial.

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Individuals may litigate which types of law in State Court?

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The law of equity originated as the collection of rules and principles that were developed and administered by which of the following bodies?

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Which of the following is considered a main source of Australian law?

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In the context of the common law system,the term 'Civil law' contemplates:

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In order to amend the Commonwealth Constitution which of the following is NOT one of the requirements which must be satisfied?

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Are rules always laws? If not,how do they differ?

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The doctrine of separation of powers:

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In the Australian context,the division of power refers to:

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The High Court interprets legislation created by Parliament.

(True/False)
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In the event that common law and statute law conflict one another:

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Match each item with the financial statement in which each item would most likely appear: Use (I) for Income Statement, (B) for Balance Sheet and (CF) for Statement of Cash Flow.
Cost of goods sold
Income Statement
Revenue
Balance Sheet
Liabilities
Statement of Cash Flow
Correct Answer:
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Premises:
Responses:
Cost of goods sold
Income Statement
Revenue
Balance Sheet
Liabilities
Statement of Cash Flow
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