Business Law Quiz

Only available on StudyMode
  • Download(s) : 194
  • Published : November 11, 2012
Open Document
Text Preview
w 1.| |
 | In deciding a case, a court will not use common law if there is a statute that applies to the dispute. | |
Student Response| Value| Correct Answer|
False | 0% | True|
|
Score:| 0/2.5 |
 |
|
2.| |
 | Dicta is another term for “controlling precedent.” | |
Student Response| Value| Correct Answer|
False | 100% | False|
|
Score:| 2.5/2.5 |
 |
|
3.| |
 | One of the important powers of courts in the United States is to interpret legislation. | |
Student Response| Value| Correct Answer|
True | 100% | True|
|
Score:| 2.5/2.5 |
 |
|
4.| |
 | Bill sued Ted for libel over statements Ted published in the company newsletter. A jury heard the case and found that no libel had occurred because the statements were true. Bill is very unhappy with this decision, but cannot sue Ted again over these statements because of the doctrine of | |

 | Student Response| Value| Correct Answer| Feedback| A. | Judicial restraint| 0% |   |  |
B. | Prior restraint| |   |  |
C. | Stare decisis| |   |  |
D. | Res judicata
 | |   |  |
|
Score:| 0/2.5 |
 |
|
5.| |
 | Many areas of law important to businesses are governed by the Uniform Commercial Code. | |
Student Response| Value| Correct Answer|
True | 100% | True|
|
Score:| 2.5/2.5 |
 |
|
6.| |
 | The Executive, Legislative, and Judicial branches of the federal government each have their own unique duties and functions. This arrangement constitutes a(n)__________separation of powers. | |

 | Student Response| Value| Correct Answer| Feedback| A. | Vertical| |   |  |
B. | Horizontal| |   |  |
C. | Transitional| |   |  |
D. | Equitable| 0% |   |  |
|
Score:| 0/2.5 |
 |
|
7.| |
 | The town of Somerset passed a law forbidding parking on Main Street between the hours of 9:00 a.m. and 4:00 p.m. This is an example of an ordinance. | |
Student Response| Value| Correct Answer|
False | 0% | True|
|
Score:| 0/2.5 |
 |
|
8.| |
 | If one obeys the law, one is necessarily also acting ethically because ethical standards of conduct and legal standards of conduct are identical. | |
Student Response| Value| Correct Answer|
False | 100% | False|
|
Score:| 2.5/2.5 |
 |
|
 
1.| |
 | Codes of Ethical Conduct adopted by businesses and professions often provide for sanctions against individuals who violate the code. | |
Student Response| Value| Correct Answer|
True | 100% | True|
|
Score:| 2.5/2.5 |
 |
|
2.| |
 | Only decisions by the United States Supreme Court can have the status of res judicata. | |
Student Response| Value| Correct Answer|
True | 0% | False|
|
Score:| 0/2.5 |
 |
|
3.| |
 | Criminal law is a subset of private law. |
|
Student Response| Value| Correct Answer|
False | 100% | False|
|
Score:| 2.5/2.5 |
 |
|
4.| |
 |   It is good practice to include in a contract which state’s law will govern disputes that arise under the contract. | |
Student Response| Value| Correct Answer|
True | 100% | True|
|
Score:| 2.5/2.5 |
 |
|
5.| |
 | Bill sued Ted for libel over statements Ted published in the company newsletter. A jury heard the case and found that no libel had occurred because the statements were true. Bill is very unhappy with this decision, but cannot sue Ted again over these statements because of the doctrine of | |

 | Student Response| Value| Correct Answer| Feedback| A. | Judicial restraint| |   |  |
B. | Prior restraint| |   |  |
C. | Stare decisis| |   |  |
D. | Res judicata
 | 100% |   |  |
|
Score:| 2.5/2.5 |
 |
|
6.| |
 | A state Statute of Limitations which requires that suits for breach of contract...
tracking img