Business Law, 8E
By Cheeseman
Email: richard@qwconsultancy.com
Business Law, 8e (Cheeseman) Chapter 1 Legal Heritage and the Digital Age 1) Businesses that are organized in the United States are subject to its laws, but not to the laws of other countries in which they do business. Answer: FALSE Diff: 1 Topic: Introduction to Legal Heritage and the Digital Age Skill: Legal Concepts 2) Laws in the U.S. are not set to evolve with changes in social norms. Answer: FALSE Diff: 1 Topic: What is Law? Skill: Legal Concepts 3) The Law and Economics School of jurisprudential thought holds that rights are not worth protecting if it is too costly from an economic viewpoint. Answer: TRUE Diff: 1 Topic: Schools of Jurisprudential Thought Skill: Legal Concepts 4) The Critical Legal Studies School proposes that legal rules are unnecessary and are used as an obstacle by the powerful to maintain the status quo. Answer: TRUE Diff: 1 Topic: Schools of Jurisprudential Thought Skill: Legal Concepts 5) The Critical Legal Studies School of jurisprudential thought seeks to restrict the subjective decision-making powers of judges. Answer: FALSE Diff: 1 Topic: Schools of Jurisprudential Thought Skill: Legal Concepts 6) The Command School of jurisprudence believes that the law is a set of rules developed, communicated, and enforced by the ruling party. Answer: TRUE Diff: 1 Topic: Schools of Jurisprudential Thought Skill: Legal Concepts
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7) Sociological philosophers are unlikely to adhere to past law as precedent. Answer: TRUE Diff: 1 Topic: Schools of Jurisprudential Thought Skill: Legal Concepts 8) The Analytical School of jurisprudence lays emphasis on how the result of a case is reached rather than the logic of the result itself. Answer: FALSE Diff: 1 Topic: Schools of Jurisprudential Thought Skill: Legal Concepts 9) Natural Law School of jurisprudence emphasizes shaping laws based on morals and ethics. Answer: TRUE Diff: 1 Topic: Schools of Jurisprudential Thought Skill: Legal Concepts 10) Legal precedence is a key feature of the Historical School of jurisprudence. Answer: TRUE Diff: 1 Topic: Schools of Jurisprudential Thought Skill: Legal Concepts 11) The Law and Economics School believes that legal decision making should be functional to market efficiency. Answer: TRUE Diff: 1 Topic: Schools of Jurisprudential Thought Skill: Legal Concepts 12) Equitable orders and remedies of the Court of Chancery took precedence over the legal decisions and remedies of the law courts. Answer: TRUE Diff: 1 Topic: History of American Law Skill: Legal Concepts 13) The merchant courts were established because of the unfair results and limited remedies available in the chancery courts. Answer: FALSE Diff: 1 Topic: History of American Law Skill: Legal Concepts
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14) The adoption of the English common law led to precedence being an important feature of the American legal system. Answer: TRUE Diff: 1 Topic: History of American Law Skill: Legal Concepts 15) The Chancery courts under the English common law were under the authority of the lord chancellor. Answer: TRUE Diff: 1 Topic: History of American Law Skill: Legal Concepts 16) The law courts of the English common law could only provide monetary awards for damages. Answer: TRUE Diff: 2 Topic: History of American Law Skill: Legal Concepts 17) The law courts of the English common law emphasized legal procedure over the merits of the individual case. Answer: TRUE Diff: 1 Topic: History of American Law Skill: Legal Concepts 18) Powers not given to the federal government by the U.S. Constitution are reserved to the states. Answer: TRUE Diff: 1 Topic: Sources of Law in the United States Skill: Legal Concepts 19) Provisions of federal law are valid as long as they do not conflict with any state law. Answer: FALSE Diff: 1 Topic: Sources of Law in the United States Skill: Legal Concepts 20) Within a state, the state constitution precedes the U.S. Constitution. Answer: FALSE Diff: 1 Topic: Sources of Law in the United States Skill: Legal Concepts 3 ..
21) Administrative agencies are created by the judicial branch of government. Answer: FALSE Diff: 1 Topic: Sources of Law in the United States Skill: Legal Concepts 22) A treaty does not require Senate approval before being passed. Answer: FALSE Diff: 1 Topic: Sources of Law in the United States Skill: Legal Concepts 23) Federal statutes take precedence over treaties. Answer: FALSE Diff: 1 Topic: Sources of Law in the United States Skill: Legal Concepts 24) Treaties are considered to be a part of the supreme law of the United States of America. Answer: TRUE Diff: 1 Topic: Sources of Law in the United States Skill: Legal Concepts 25) Statutes are written laws that establish certain courses of conduct that covered parties can use as a form of guidance. Answer: FALSE Diff: 1 Topic: Sources of Law in the United States Skill: Legal Concepts 26) Statutes are enacted by Congress and state legislatures. Answer: TRUE Diff: 1 Topic: Sources of Law in the United States Skill: Legal Concepts 27) Federal statutes are organized by topic into code books. Answer: TRUE Diff: 1 Topic: Sources of Law in the United States Skill: Legal Concepts
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