Business Law Chapter 1

The Uniform Commercial Code is a federal law that applies to commercial transactions among the states.

False

The United States Constitution establishes the principle of judicial review, which divides the government into three distinct and independent branches: the judicial, executive, and legislative (Congress).

False

The burden of Proof in a criminal case is preponderance of the evidence.

False

The law does not change; it is based of unchanging and universal truths.

False

The ________ is an orderly compilation of the general common law of the United States, prepared by a distinguished group of lawyers, judges, and law teachers.

Restatement of Law

What is the supreme law of the land in the United States?

The U.S. Constitution

Law is an instrument of social control.

True

Substantive law creates legal right and duties

True

The Constitution provides that federal states are paramount to state constitutions and statutes.

True

The Primary function of the law is to maintain stability in the social, political, and economic system while simultaneously permitting change.

True

The final attributer as to the constitutionality of laws passed by Congress or by the legislature of a state is the Supreme Court of the United States.

True

The main categories of the law are (a) substantive and procedural, (b) public and private, and (c) civil and criminal.

True