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

A) True
B) False

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Fact Pattern 1-1 The Texas Supreme Court decides the case of Livewire Co. v. Power Corp. Of nine justices, five believe the judgment should be in Livewire's favor. Justice Bellamy, one of the five, writes a separate opinion. The four justices who believe the judgment should be in Power's favor join in a third separate opinion. -Refer to Fact Pattern 1-1. These opinions are collected and published in volumes called


A) citations.
B) codes.
C) regulations.
D) reporters.

E) B) and C)
F) A) and C)

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There are legal questions involved when considering ways to raise capital so a business can grow.

A) True
B) False

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No state has adopted the Uniform Commercial Code.

A) True
B) False

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Congress creates an administrative agency by enacting enabling legislation.

A) True
B) False

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Japan violates an international law. Other countries may take coercive actions, which include


A) violating the same law in the same way with impunity.
B) confiscating Japanese businesses.
C) boycotting Japanese goods.
D) taxing Japanese citizens.

E) B) and C)
F) A) and C)

Correct Answer

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

A) True
B) False

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


A) all states.
B) forty-five states.
C) thirty-five states.
D) no state.

E) B) and C)
F) A) and C)

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

A) True
B) False

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State constitutions are supreme within their respective borders.

A) True
B) False

Correct Answer

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

A) True
B) False

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The American Law Institute was the only organization involved in developing the Uniform Commercial Code.

A) True
B) False

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