Question 1

Punitive damages are frequently awarded in:

Accepted Answer

A)  ordinary negligence cases. 
B)  intentional tort cases. 
C)  breach of contract cases. 
D)  criminal cases. 
E)  violating the statutes. 
A)  ordinary negligence cases. 
B)  intentional tort cases. 
C)  breach of contract cases. 
D)  criminal cases. 
E)  violating the statutes. B

Question 2

Which idea of law tries to go beyond just the words of law to examine what police, administrators, prosecutors, and judges are actually doing as they enforce, interpret, and apply laws?

Accepted Answer

A)  Positive law jurisprudence 
B)  Sociological jurisprudence 
C)  Stare Decisis 
D)  Legal realism 
E)  Originalism 
A)  Positive law jurisprudence 
B)  Sociological jurisprudence 
C)  Stare Decisis 
D)  Legal realism 
E)  Originalism D

Question 3

Explain conflicts of law.

Accepted Answer

In some cases, a question arises as to what state's law applies to a situation. Courts resolve such problems by applying conflicts of law rules, but even these rules may vary from state to state. In a tort case, the usual conflicts of law rule applies the law of the state where the injury occurred, no matter where the injury occurred. If a contract specifies no particular state's law for the parties to a dispute to follow, a court interpreting the contract will usually apply the law of the state where the contract was made.

Question 4

So significant is the role of judges in the United States that they determine the meaning of the Constitution and can declare void the legislation of Congress and the acts of the president. This illustrates that the legal system in the U.S. is based on _____.

Accepted Answer

A)  civil law 
B)  religious law 
C)  common law 
D)  hybrid law 
E)  constitutional law 
A)  civil law 
B)  religious law 
C)  common law 
D)  hybrid law 
E)  constitutional law

Question 5

Whether it's stated in the contract or not, when a breach of contract occurs, the injured party will usually recover her attorney fees as part of her compensatory damages.

Accepted Answer

A) True 
 B)False

Question 6

_____ are in effect a form of punishment for violating the law and sometimes also serve as a preventive action.

Accepted Answer

A)  Ordinances 
B)  Statutes 
C)  Sanctions 
D)  Torts 
E)  Opinions 
A)  Ordinances 
B)  Statutes 
C)  Sanctions 
D)  Torts 
E)  Opinions

Question 7

At the state level, the hierarchy of law sources begins with the state _____.

Accepted Answer

A)  act 
B)  statute 
C)  constitution 
D)  citation 
E)  commercial code 
A)  act 
B)  statute 
C)  constitution 
D)  citation 
E)  commercial code

Question 8

Which law forbids owners from monopolizing classes of resources and sets rules for how businesses can compete to acquire ownership in new resources?

Accepted Answer

A)  Regulatory 
B)  Tort 
C)  Antitrust 
D)  Antidiscrimination 
E)  Contract 
A)  Regulatory 
B)  Tort 
C)  Antitrust 
D)  Antidiscrimination 
E)  Contract

Question 9

A(n) _____ is a civil wrong other than a breach of contract.

Accepted Answer

A)  ordinance 
B)  tort 
C)  sanction 
D)  remedy 
E)  dicta 
A)  ordinance 
B)  tort 
C)  sanction 
D)  remedy 
E)  dicta

Question 10

Corporate governance can fail even when corporate managers do nothing illegal.

Accepted Answer

A) True 
 B)False

Question 11

Conflicting precedents when applying the principle of stare decisis do not create confidence in the certainty of law.

Accepted Answer

A) True 
 B)False

Question 12

The source of law which ranks the lowest among all the others is a _____.

Accepted Answer

A)  local ordinance 
B)  statute 
C)  case law 
D)  state administrative regulation 
E)  federal administration regulation 
A)  local ordinance 
B)  statute 
C)  case law 
D)  state administrative regulation 
E)  federal administration regulation

Question 13

In some cases of a breach of contract, a decree of _____ may be made -an order by the court commanding the other party actually to perform a bargain as agreed.

Accepted Answer

A)  consequential damages 
B)  compensatory damages 
C)  stare decisis 
D)  specific performance 
E)  dicta 
A)  consequential damages 
B)  compensatory damages 
C)  stare decisis 
D)  specific performance 
E)  dicta

Question 14

What is constitutional relativity? How does it affect stare decisis?

Accepted Answer

In constitutional law the idea that cour

Question 15

The first known written set of laws was the Code of Hammurabi.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following statements about substantive law is true?

Accepted Answer

A)  It is regulation and made by agencies of the federal government. 
B)  It covers the rules of how owners transfer resources by exchanging them. 
C)  The time allowed for one party to sue another is an example of substantive law. 
D)  Enforcement of a contractual promise is substantive in nature. 
E)  It provides the machinery for rights and duties. 
A)  It is regulation and made by agencies of the federal government. 
B)  It covers the rules of how owners transfer resources by exchanging them. 
C)  The time allowed for one party to sue another is an example of substantive law. 
D)  Enforcement of a contractual promise is substantive in nature. 
E)  It provides the machinery for rights and duties.

Question 17

Define a corporation?

Accepted Answer

A corporation is a business ch

Question 18

What are exemplary damages?

Accepted Answer

In law, the sanction (or remedy) for tor

Question 19

What is private law? What are its categories?

Accepted Answer

Private law covers those legal problems

Question 20

Kate has entered into a binding agreement to sell a house to Michael. When Michael shows up to complete the deal as per the agreement, Kate refuses to go through with the transaction. Which of the following best categorizes Kate and Michael's issues with regard to classification of laws?

Accepted Answer

A)  This is a public law issue regarding contract law. 
B)  This is a private law issue regarding contract law. 
C)  This is a public law issue regarding property law. 
D)  This is a private law issue regarding criminal law. 
E)  This is a public law issue regarding tort law. 
A)  This is a public law issue regarding contract law. 
B)  This is a private law issue regarding contract law. 
C)  This is a public law issue regarding property law. 
D)  This is a private law issue regarding criminal law. 
E)  This is a public law issue regarding tort law.

Exam 1: Law As a Foundation for Business

Punitive damages are frequently awarded in:

Which idea of law tries to go beyond just the words of law to examine what police, administrators, prosecutors, and judges are actually doing as they enforce, interpret, and apply laws?

Explain conflicts of law.

So significant is the role of judges in the United States that they determine the meaning of the Constitution and can declare void the legislation of Congress and the acts of the president. This illustrates that the legal system in the U.S. is based on _____.

Whether it's stated in the contract or not, when a breach of contract occurs, the injured party will usually recover her attorney fees as part of her compensatory damages.

_____ are in effect a form of punishment for violating the law and sometimes also serve as a preventive action.

At the state level, the hierarchy of law sources begins with the state _____.

Which law forbids owners from monopolizing classes of resources and sets rules for how businesses can compete to acquire ownership in new resources?

A(n) _____ is a civil wrong other than a breach of contract.

Corporate governance can fail even when corporate managers do nothing illegal.

Conflicting precedents when applying the principle of stare decisis do not create confidence in the certainty of law.

The source of law which ranks the lowest among all the others is a _____.

In some cases of a breach of contract, a decree of _____ may be made -an order by the court commanding the other party actually to perform a bargain as agreed.

What is constitutional relativity? How does it affect stare decisis?

The first known written set of laws was the Code of Hammurabi.

Which of the following statements about substantive law is true?

Define a corporation?

What are exemplary damages?

What is private law? What are its categories?

Kate has entered into a binding agreement to sell a house to Michael. When Michael shows up to complete the deal as per the agreement, Kate refuses to go through with the transaction. Which of the following best categorizes Kate and Michael's issues with regard to classification of laws?

The Role of Ethics in Decision Making

The Court System

Litigation

Alternative Dispute Resolution

The Constitution

The Property System

Contract Formation

Contractual Performance and Breach

Torts Affecting Business

Intellectual Property

International Law

Criminal Law and Business

Business Organizations

The Regulatory Process

Regulating Competition_Antitrust Laws

Financial and Securities Regulations

Privacy and Consumer Protection

Environmental Regulation and Resource Sustainability

Discrimination in Employment

Employment Laws

Labor-Management Relationship

Filters