Question 1

There are legal questions involved when choosing an appropriate business organizational form.

Accepted Answer

A) True 
 B)False

Question 2

Uniform laws apply in all states, including those in which the laws have not been adopted.

Accepted Answer

A) True 
 B)False

Question 3

Equity is a branch of law, founded in justice and fair dealing, that seeks to supply a remedy when no adequate remedy at law is available.

Accepted Answer

A) True 
 B)False

Question 4

There is really no reason to be acquainted with business laws and government regulations, except to pass this test.

Accepted Answer

A) True 
 B)False

Question 5

In a suit against Knut, Leon obtains an injunction.This is

Accepted Answer

A)  an order to do or to refrain from doing a particular act.
B)  an order to perform what was promised.
C)  a payment of money or property as compensation.
D)  the cancellation of a contract.

Question 6

Being a small-business owner means that you will never have to take on the role of finance manager, marketing manager or accountant.

Accepted Answer

A) True 
 B)False

Question 7

Stare decisis is a doctrine obligating judges to follow the precedents established within their jurisdictions.

Accepted Answer

A) True 
 B)False

Question 8

Americans with a Better Cause (ABC), a nonprofit organization, files a suit against the U.S.Department of Justice (DOJ), claiming that a certain federal statute the DOJ is empowered to enforce conflicts with the U.S.Constitution and with a state constitution.In each situation, which source of law has priority?

Accepted Answer

The U.S.Constitution is the supreme law ...

Question 9

Chelsea is a state court judge.Like judges in most state courts, in a particular case, she may grant

Accepted Answer

A)  a remedy at law only.
B)  a remedy in equity or a remedy at law, but not both.
C)  a remedy in equity and a remedy at law.
D)  a remedy in equity only.

Question 10

In order to truly understand our legal system, it is important to understand the origins of the common law tradition.

Accepted Answer

A) True 
 B)False

Question 11

Starlight Café brings a suit, seeking a remedy at law.A remedy at law is

Accepted Answer

A)  the payment of money or property as compensation for damages.
B)  a decree of specific performance.
C)  a judicial proceeding for the resolution of a dispute.
D)  an injunction.

Question 12

Stare decisis is a doctrine obligating judges to help persons who have failed to protect their own rights.

Accepted Answer

A) True 
 B)False

Exam 1: Business and Its Legal Environment

There are legal questions involved when choosing an appropriate business organizational form.

Correct Answer
verified

Chelsea is a state court judge.Like judges in most state courts, in a particular case, she may grant

Correct Answer
verified

Correct Answer
verified
The U.S.Constitution is the supreme law ...
View Answer

Stare decisis is a doctrine obligating judges to help persons who have failed to protect their own rights.

Correct Answer
verified

Uniform laws apply in all states, including those in which the laws have not been adopted.

Correct Answer
verified

Starlight Café brings a suit, seeking a remedy at law.A remedy at law is

Correct Answer
verified

There is really no reason to be acquainted with business laws and government regulations, except to pass this test.

Correct Answer
verified

Being a small-business owner means that you will never have to take on the role of finance manager, marketing manager or accountant.

Correct Answer
verified

Equity is a branch of law, founded in justice and fair dealing, that seeks to supply a remedy when no adequate remedy at law is available.

Correct Answer
verified

Stare decisis is a doctrine obligating judges to follow the precedents established within their jurisdictions.

Correct Answer
verified

In a suit against Knut, Leon obtains an injunction.This is

Correct Answer
verified

In order to truly understand our legal system, it is important to understand the origins of the common law tradition.

Correct Answer
verified

Exam 1: Business and Its Legal Environment

There are legal questions involved when choosing an appropriate business organizational form.

Correct AnswerverifiedShow Answer

Chelsea is a state court judge.Like judges in most state courts, in a particular case, she may grant

Correct AnswerverifiedShow Answer

Correct AnswerverifiedThe U.S.Constitution is the supreme law ...View AnswerShow Answer

Stare decisis is a doctrine obligating judges to help persons who have failed to protect their own rights.

Correct AnswerverifiedShow Answer

Uniform laws apply in all states, including those in which the laws have not been adopted.

Correct AnswerverifiedShow Answer

Starlight Café brings a suit, seeking a remedy at law.A remedy at law is

Correct AnswerverifiedShow Answer

There is really no reason to be acquainted with business laws and government regulations, except to pass this test.

Correct AnswerverifiedShow Answer

Being a small-business owner means that you will never have to take on the role of finance manager, marketing manager or accountant.

Correct AnswerverifiedShow Answer

Equity is a branch of law, founded in justice and fair dealing, that seeks to supply a remedy when no adequate remedy at law is available.

Correct AnswerverifiedShow Answer

Stare decisis is a doctrine obligating judges to follow the precedents established within their jurisdictions.

Correct AnswerverifiedShow Answer

In a suit against Knut, Leon obtains an injunction.This is

Correct AnswerverifiedShow Answer

In order to truly understand our legal system, it is important to understand the origins of the common law tradition.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The U.S.Constitution is the supreme law ...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified