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Exam 1: The Legal Environment

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Question 21

True/False

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Administrative law includes only state regulations.

A) True
B) False

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verified

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Question 22

True/False

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Remedies in equity include injunctions.

A) True
B) False

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verified

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Question 23

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In a suit against Ethan,Francisco obtains an award of damages. This is

Cato and Dolly are involved in a lawsuit. The best definition of a lawsuit is

Rupert is a victim of Sara's violation of a criminal law. Criminal law is con-cerned with

The Uniform Commercial Code has been adopted,at least in part,in

Law consists of enforceable rules governing relationships among individuals and between individuals and their society.

Congress enacts a statute,the Federal Deposit Insurance Corporation (an administrative agency) issues rules,the Southeast Financial Institutions Association (a private organizations) issues instructions,South Valley Bank posts a memo with orders for its employees,and Tina tells her co-worker about a recent news story. Sources of law include

Kevin is a judge hearing the case of Local Dispatch Co. v. National Transport Corp. Applying the relevant rule of law to the facts of the case requires Kevin to find previ-ously decided cases that,in relation to the case under con-sidera-tion,are

In Benny v. City Car Dealership,a state supreme court held that a minor could cancel a con-tract for the sale of a car. Now a trial court in the same state is decid-ing Dora v. Even Steven Auto Deals,Inc.,a case with similar facts. Under the doctrine of stare decisis,the trial court is likely to

In order to truly understand the law,it is important to understand the origins of the law.

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

Mike and Nan are involved in a case. The best definition of a case is

Many different laws may apply to a single business transaction.

Statutory law includes state statutes.

Bob's Burgers n' Shakes Restaurant brings a suit in a court of law. At one time,a court of law could grant as a remedy only

Criminal acts are prohibited only by federal government statutes.

Government authorities cannot enforce na-tional law.

Whether financial statements created by an accountant need to be verified for accuracy is not a legal question.

A small business owner is likely to face legal questions when determining ways to reduce his small business's taxes.