B Law ch 3&4 T/F

Economic growth tends to be fastest among developing countries where payments to key administrators can increase transaction efficiency.

False

Ex post facto laws can be adopted by either states or the national government.

False

Federal law will bar state action only when there is a federal law regulating the particular subject.

False

Individual intentions, as expressed in contracts and wills, will not be given effect in the United States unless expressly authorized by law.

False

Many changes have been made to the Constitution by the constitutional method of amending.

False

Mortgages, security interests, and surety relationships are legal mechanisms created primarily to promote stability and flexibility in trade.

False

Pursuant to the commerce clause, the United States Supreme Court has the power "to regulate commerce with foreign nations, and among the several states, and with the Indian tribes."

False

Situational ethics is a moral system whose rigidity makes it unnecessary to examine motivation behind conduct in order to label it right or wrong.

False

Under United States law, the legal owner (titleholder) of property is free to engage in any use of the property that he or she may desire.

False

"Preemption" means that the federal regulatory scheme is controlling.

True

Administrative agencies are, in effect, a fourth branch of the government.

True

An accumulation of complaints from employees, customers, or investors can lead to imposition of restrictive new regulations and laws.

True

Changes to the Constitution have been brought about by interpretation, amendment, and practice.

True

Ethics is a philosophical concept that deals with values related to the nature of human conduct.

True

In a federal system, a central government is given power to act nationally, while states administer to local concerns.

True

Moral standards based on positive law may allow businesses to conduct themselves unfairly so long as their actions are not illegal.

True

Regulation of the Federal Reserve system, negotiable instruments, and installment credit transactions are designed largely to facilitate trade.

True

Some of the powers delegated to the national government still may be exercised by the states.

True

The United States utilizes a tripartite division of government.

True

The living Constitution has as a characteristic a strong president.

True

There is often a conflict between the goal of making money for shareholders and the goal of solving social problems through business.

True

Trust is a fundamental basis of the capitalist system that is central to the expectations of investors, customers, and other firm stakeholders.

True

Evidence suggests that there may be relationships among ethical customer and employee relations and long-term ability to pay dividends.

true

For the past century, the United States Supreme Court has generally followed the "living document" view in interpreting the Constitution.

true