Bus Ethics

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Course Hero has millions of student submitted documents similar to the one below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support. 3 Courts, CHAPTER Sources of Law, and Dispute Resolution TRUE-FALSE QUESTIONS 1. Federal judges are appointed for life. ANSWER: True SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 2. Court opinions are published in collections of court opinions called reporters. ANSWER: True SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 3. A cite such as 2004 WL 1208516 may be found on Westlaw. ANSWER: True SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 4. State trial courts generally have limited jurisdiction. ANSWER: False SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 5. There is no minimum monetary requirement for lawsuits involving a federal question. ANSWER: True SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 6. For diversity jurisdiction to exist there must be litigants from at least three different states. ANSWER: False SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 7. Jurisdiction over the location of property at issue in a lawsuit is called in rem jurisdiction. ANSWER: True SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 8. Negotiating business contracts by means of telephone calls or the mail is insufficient to provide state court with personal jurisdiction over an individual so long as the individual is out-of-state when such 32 33 MANAGERS AND THE LEGAL ENVIRONMENT contacts are made. ANSWER: False SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 9. Parties may never agree in advance which law will govern a dispute in the event that one develops. ANSWER: False SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 10. Federal regulations and rules are printed in the Code of Federal Regulations which is revised and updated on a yearly basis. ANSWER: True SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 11. The process of questioning the witnesses is called voir dire. ANSWER: False SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 12. Jury challenges for cause are called preemptory challenges. ANSWER: False SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 13. Federal diversity jurisdiction exists when the controversy is between citizens of two different states and the amount in controversy exceeds $25,000. ANSWER: False SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 14. An en banc hearing is when all the judges of a court of appeals will sit together to hear a particularly important case. ANSWER: True SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 15. Long-arm statutes subject an out-of-state defendant to the jurisdiction of the court. ANSWER: True SKILL LEVEL: AACSB Analytic CHAPTER 3 COURTS, SOURCES OF LAW, AND DISPUTE RESOLUTION 34 OBJECTIVE: AICPA Legal 16. There are fifty-one U.S. Courts of Appeal, one for each of the states in the United States and one for the District of Columbia. ANSWER: False SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 17. A judge is always compelled to follow restatements of law in making a decision. ANSWER: False SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 18. A corporation may have dual citizenship for purposes of diversity of citizenship. ANSWER: True SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 19. The process of questioning the potential jurors is called discovery. ANSWER: False SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 20. When a class action is involved, there is never any opportunity for someone who wants to litigate separately to opt out. ANSWER: False SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal MULTIPLE CHOICE QUESTIONS 1. What is the inscription on the front of the U.S. Supreme Court building in Washington, D.C.? A. Live free or die B. Equal justice under the law C. Due Process for all D. Equal protection for all ANSWER: B SKILL LEVEL: AACSB Ethics OBJECTIVE: AICPA Legal 2. Which of the following are rules that prescribe which...
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