Business & Finance Chapter 1 Law, as we know it today, was first developed in the middle ages

subject Type Homework Help
subject Pages 9
subject Words 2359
subject Authors Al H. Ringleb, Frances L. Edwards, Roger E. Meiners

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True / False
1. Law, as we know it today, was first developed in the middle ages.
a. True
b. False
2. Law may be viewed as a collection of rules or principles intended to prescribe and control human behavior.
a. True
b. False
3. Law may be defined as the good acts people do for others without threat of sanction.
a. True
b. False
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4. Law may be defined as a rule of conduct so established as to justify a prediction that it will be enforced by the courts
if its authority is challenged.
a. True
b. False
5. Law operates best without use of force, as members of society regulate themselves.
a. True
b. False
6. Law is concerned with defining acceptable behavior, not controlling unacceptable behavior.
a. True
b. False
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7. Ethics and customs are part of society's informal rules.
a. True
b. False
8. The legal system is designed to resolve public disputes but private disputes are always resolved informally.
a. True
b. False
9. Law is intended to be independent of the social values of members of society.
a. True
b. False
10. The legal culture of a society includes the attitudes of members of society concerning the law and legal system.
a. True
b. False
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11. Social change occurs naturally and never involves the use of laws or the legal system.
a. True
b. False
12. The nation of Haiti has been a development success because of its strong system of informal law.
a. True
b. False
13. One of the main reasons that the country of Haiti has not experienced greater economic development is because its
government is corrupt.
a. True
b. False
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14. The U.S. Constitution is the source of all law in the U.S.
a. True
b. False
15. The U.S. Constitution is the oldest written constitution in force of any major nation.
a. True
b. False
16. The Constitution specifically creates the executive, legislative, and administrative branches of the federal
government.
a. True
b. False
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17. The Constitution creates the executive, legislative, and judiciary branches of the federal government.
a. True
b. False
18. A constitution is fundamental law which establishes the powers of the government and the limits of that power.
a. True
b. False
19. The separation of powers determined by the U.S. Constitution means that each branch of government has functions
that can be checked by other branches.
a. True
b. False
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20. The separation of powers determined by the U.S. Constitution allocated powers between the federal courts and the
state courts.
a. True
b. False
21. The U.S. Constitution requires every state to have a legislature that has two parts, a house and a senate (or some
bodies with similar structure).
a. True
b. False
22. State constitutions, unlike the federal Constitution, tend to be very short and have few details.
a. True
b. False
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23. Statutory law is created by executive order.
a. True
b. False
24. Only federal statutes may violate the Constitution.
a. True
b. False
25. An important state law affecting the legal regulation of business is the Uniform Commercial Code.
a. True
b. False
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26. Nebraska is the only state with a legislature that only has one part or house. All other states have a two-part
legislature.
a. True
b. False
27. Delaware is the only state with a legislature that only has one part or house. All other states have a two-part
legislature.
a. True
b. False
28. An administrative agency is created when the legislative or executive branch of government delegate some of its
authority to an appropriate group.
a. True
b. False
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29. Administrative agencies are typically created by court orders.
a. True
b. False
30. A key function of the judiciary is to interpret and enforce the laws.
a. True
b. False
31. Common law in the U.S. has its origin in England.
a. True
b. False
32. American common law dates back to colonial times.
a. True
b. False
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33. American common law was approved for adoption in Article III of the U.S. Constitution.
a. True
b. False
34. Common law is based upon actual cases tried in court.
a. True
b. False
35. Common law changes only by acts of the legislature.
a. True
b. False
36. A precedent is a future legal decision.
a. True
b. False
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37. The doctrine of stare decisis means that decisions in past cases will be followed in resolving present cases.
a. True
b. False
38. The doctrine of stare decisis in the common law means that decisions from past cases must always be followed so
that common law rules will not change.
a. True
b. False
39. A problem with the doctrine of stare decisis in common law is that judges are forced to stand by old rules, even if
they no longer seem appropriate.
a. True
b. False
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40. The doctrine of stare decisis created a more just legal system by working to reduce the prejudices of individual
judges.
a. True
b. False
41. One of the benefits of the common law is that it is flexible in changing with the times.
a. True
b. False
42. Decisions from courts are published in case reporters.
a. True
b. False
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43. Legal documents could not be transmitted electronically due to common law rules based upon use of documents
printed and delivered on paper.
a. True
b. False
44. To allow electronic transmission of documents in the legal system, legislatures had to give the courts permission to
change from traditional methods of transmittal.
a. True
b. False
45. In Davis v. Baugh Industrial Contractors the Washington supreme court held that the traditional common law rule
regarding negligence by a contractor could not be changed.
a. True
b. False
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46. In Davis v. Baugh Industrial Contractors the Washington supreme court held that the traditional common law rule
regarding negligence by a contractor would be changed because the old rule was out of date.
a. True
b. False
47. In Davis v. Baugh Industrial Contractors the Washington supreme court held that the traditional common law rule
regarding negligence by a contractor could be changed only if a majority of state supreme courts agreed to change
the rule.
a. True
b. False
48. The President creates law by issuing executive orders.
a. True
b. False

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