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Test Bank for Essentials of Business Law and the Legal Environment, 10th Edition

Page 1

Chapter 1—Introduction to Law TRUE/FALSE 1. Roscoe Pound, a distinguished American jurist, defined law as predictions of the way in which a court will decide specific legal questions. ANS: F

PTS: 1

MSC: AACSB Analytic

2. The common law system is used in most of Europe, Scotland, and Latin America. ANS: F

PTS: 1

MSC: AACSB Analytic

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

PTS: 1

MSC: AACSB Analytic

4. Substantive law creates legal rights and duties. ANS: T

PTS: 1

MSC: AACSB Analytic

5. The Constitution provides that federal statutes are paramount to state constitutions and statutes. ANS: T

PTS: 1

MSC: AACSB Analytic

6. The burden of proof in a criminal case is preponderance of the evidence. ANS: F

PTS: 1

MSC: AACSB Analytic

7. The law does not change; it is based on unchanging and universal truths. ANS: F

PTS: 1

MSC: AACSB Analytic

8. The main categories of the law are (a) substantive and procedural, (b) public and private, and (c) civil and criminal. ANS: T

PTS: 1

MSC: AACSB Analytic

9. Law is an instrument of social control. ANS: T

PTS: 1

MSC: AACSB Analytic

10. Under the civil law system, adversaries initiate and conduct litigation. ANS: F

PTS: 1

MSC: AACSB Analytic


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