Question 1

George burns an American flag in his backyard.He films his actions and posts the video on YouTube.com.George's actions are

Accepted Answer

A) expressly prohibited by the U.S.Constitution. 
B) protected by the First Amendment of the U.S.Constitution. 
C) considered to be a form of treason. 
D) illegal in some states. 
A) expressly prohibited by the U.S.Constitution. 
B) protected by the First Amendment of the U.S.Constitution. 
C) considered to be a form of treason. 
D) illegal in some states.

Question 2

A provision in the California state constitution conflicts with a provision in the U.S.Constitution.If challenged

Accepted Answer

A) neither provision will be enforced. 
B) the provisions will be balanced to reach a compromise. 
C) the state provision,not the U.S.Constitution,will be enforced. 
D) the U.S.Constitution,not the state provision,will be enforced. 
A) neither provision will be enforced. 
B) the provisions will be balanced to reach a compromise. 
C) the state provision,not the U.S.Constitution,will be enforced. 
D) the U.S.Constitution,not the state provision,will be enforced.

Question 3

Maggie and Nate enter into a contract for the sale of a car,but Nate later refuses to deliver the car.Maggie asks a court to order Nate to perform as promised.Ordering a party to perform what was promised is

Accepted Answer

A) specific performance. 
B) damages. 
C) rescission. 
D) beyond the court's authority. 
A) specific performance. 
B) damages. 
C) rescission. 
D) beyond the court's authority.

Question 4

Eliza is a state court judge.Flora appears in a case in Eliza's court,claim-ing that Glover breached a contract.Which of the following actions may Eliza take?

Accepted Answer

A) Award damages or issue a decree of specific performance 
B) Imprison Glover,but not Flora 
C) Imprison Flora,but not Glover 
D) Order the parties to pay Eliza to render a favorable ruling 
A) Award damages or issue a decree of specific performance 
B) Imprison Glover,but not Flora 
C) Imprison Flora,but not Glover 
D) Order the parties to pay Eliza to render a favorable ruling

Question 5

The best definition of a precedent is

Accepted Answer

A) a law developed from custom. 
B) a judicial proceeding for the determination of a dispute between parties in which rights are enforced or protected. 
C) a proceeding by one person against another in court. 
D) a court decision that furnishes an example or authority for deciding subsequent cases involving identical or similar facts. 
A) a law developed from custom. 
B) a judicial proceeding for the determination of a dispute between parties in which rights are enforced or protected. 
C) a proceeding by one person against another in court. 
D) a court decision that furnishes an example or authority for deciding subsequent cases involving identical or similar facts.

Question 6

Businesspersons are expected to make decisions that are ethically sound.

Accepted Answer

A) True 
 B)False

Question 7

Common law is the same as statutory law.

Accepted Answer

A) True 
 B)False

Question 8

The American Law Institute was the only organization involved in developing the Uniform Commercial Code.

Accepted Answer

A) True 
 B)False

Question 9

Americans with a Better Cause (ABC),a nonprofit organization,files a suit against the U.S.Department of Justice (DOJ),claiming that a cer-tain federal statute the DOJ is empowered to enforce conflicts with the U.S.Constitution and with a state constitution.In each situation,which source of law has priority?

Accepted Answer

The U.S.Constitution is the supreme law

Question 10

The Fifth Amendment prohibits unreasonable searches and seizures of persons or property.

Accepted Answer

A) True 
 B)False

Question 11

The Constitution does not explicitly mention a right to privacy.

Accepted Answer

A) True 
 B)False

Question 12

Equity is a branch of law,founded in justice and fair dealing,that seeks to supply a remedy when no adequate remedy at law is available.

Accepted Answer

A) True 
 B)False

Question 13

Statutes are laws enacted by Congress and the state legislatures and comprise one of the sources of American law.

Accepted Answer

A) True 
 B)False

Question 14

The First Amendment protects corporate political speech.

Accepted Answer

A) True 
 B)False

Question 15

A law that limits the liberty of all persons may violate substantive due process.

Accepted Answer

A) True 
 B)False

Question 16

Civil law

Accepted Answer

A) defines,describes,regulates,and creates legal etiquette. 
B) spells out the rights and duties that exist between persons and between persons and their governments. 
C) establishes the methods of enforcing the rights established by criminal law. 
D) has to do with the wrongs committed against society for which society demands redress. 
A) defines,describes,regulates,and creates legal etiquette. 
B) spells out the rights and duties that exist between persons and between persons and their governments. 
C) establishes the methods of enforcing the rights established by criminal law. 
D) has to do with the wrongs committed against society for which society demands redress.

Question 17

Administrative law includes only state regulations.

Accepted Answer

A) True 
 B)False

Question 18

Preemption occurs when Congress chooses to act exclusively in a concurrent area and a valid federal statue or regulation takes precedence over a conflicting state or local law.

Accepted Answer

A) True 
 B)False

Question 19

China violates an international law.Other countries may take coercive actions,which include

Accepted Answer

A) violating the same law in the same way with impunity. 
B) confiscatingChinese businesses. 
C) boycottingChinese goods. 
D) taxingChinese citizens. 
A) violating the same law in the same way with impunity. 
B) confiscatingChinese businesses. 
C) boycottingChinese goods. 
D) taxingChinese citizens.

Question 20

Individuals have a right to obtain access to information about them collected in government files.

Accepted Answer

A) True 
 B)False

Exam 1: The Legal and Constitutional Environment of Business

George burns an American flag in his backyard.He films his actions and posts the video on YouTube.com.George's actions are

A provision in the California state constitution conflicts with a provision in the U.S.Constitution.If challenged

Maggie and Nate enter into a contract for the sale of a car,but Nate later refuses to deliver the car.Maggie asks a court to order Nate to perform as promised.Ordering a party to perform what was promised is

Eliza is a state court judge.Flora appears in a case in Eliza's court,claim-ing that Glover breached a contract.Which of the following actions may Eliza take?

The best definition of a precedent is

Businesspersons are expected to make decisions that are ethically sound.

Common law is the same as statutory law.

The American Law Institute was the only organization involved in developing the Uniform Commercial Code.

The Fifth Amendment prohibits unreasonable searches and seizures of persons or property.

The Constitution does not explicitly mention a right to privacy.

Equity is a branch of law,founded in justice and fair dealing,that seeks to supply a remedy when no adequate remedy at law is available.

Statutes are laws enacted by Congress and the state legislatures and comprise one of the sources of American law.

The First Amendment protects corporate political speech.

A law that limits the liberty of all persons may violate substantive due process.

Civil law

Administrative law includes only state regulations.

Preemption occurs when Congress chooses to act exclusively in a concurrent area and a valid federal statue or regulation takes precedence over a conflicting state or local law.

China violates an international law.Other countries may take coercive actions,which include

Individuals have a right to obtain access to information about them collected in government files.

Courts and Alternative Dispute Resolution

Ethics and Business Decision Making

Tort Law

Intellectual Property

Internet Law,social Media,and Privacy

Criminal Law and Cyber Crime

Nature and Classification

Agreement in Traditional and E-Contracts

Consideration, capacity, and Legality

Defenses to Contract Enforceability

Third Party Rights and Discharge

Breach and Remedies

The Formation of Sales and Lease Contracts

Performance and Breach of Sales and Lease Contracts

Warranties and Product Liability

Negotiability, transferability, and Liability

Checks and Banking in the Digital Age

Secured Transactions

Creditors Rights and Bankruptcy

Agency Relationships

Employment Law

Sole Proprietorships, partnerships, and Limited Liability Companies

Corporate Formation, financing, and Termination

Corporate Directors, officers, and Shareholders

Investor Protection, insider Trading, and Corporate Governance

Personal Property and Bailments

Real Property and Landlord-Tenant Law

Insurance, wills, and Trusts

Liability of Accountants and Other Professionals

International Law in a Global Economy

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