Foundations of the Law RICE Questions

The legislature of the state of Wyoming enacts a new statue that sets standards for the liability of businesses selling defective products. This statue applies in..

A: Wyoming only

As a judge, Baxter applies common law rules. These rules develop from...

A: decisions of the courts in legal disputes

What is an unfair trade practice and which administrative agency regulates it?

An unfair trade practice is any deceptive or fraudulent business practice or act that causes injury to a consumer. The FTC investigates and regulates.

What country is the united states legal system derived from?

B: United Kingdom

Alex has been sued by Will for failure to pay rent for their apartment which source of law will govern this lawsuit?

C: Civil Law

Forms of alternative dispute resolution include all of the following except..

C: Litigation

Where can you find a codification of federal laws?

C: United States Code

Four sources of law in the U.S. Legal System are

D: Constitutional law, judicial law, legislative law and administrative law

Consequences of being convicted a crime include all of the following except

D: Damages

What is the function of law in the united states?

D: all of the above (establish standards, promote consistency, promote, provide, and maintain order)

Regulations are

D: rules adopted by administrative agencies

Securities are only regulated by federal laws.

False - State laws also regulate

What is the difference between state and federal law?

State Law is specific to that state and is only persuasive to judges in other states, whereas federal law is binding upon all states and preempts state law.

What is the supreme law of the land? What are the statues? What are ordinances? What is administrative rule?

The United States Constitution is the supreme law of the land. Statues are laws enacted by Congress and federal state legislative bodies. Ordinances are rules enacted by local legislative bodies (such as country or municipality). An administrative rule is a law issued by administrative agencies under the authority given to them in statues

Some of the rights in the constitution's bill of rights extends to corporations (true or false)

True