Buisness Law Final 5
The U.S. Constitution provides safeguards that apply not only in federal but also in state courts.
True
The common law is a body of law developed from judicial decisions.
True
The legal rules that control a business's actions reflect past and current thinking about how similar businesses should and should not act.
True
A corporation can refuse to produce business records that might subject the firm to criminal prosecution.
False
A statute that prohibits theft by means of false pretenses usually applies only to goods, not to services or cash.
False
Because laws may change, the ability to analyze and evaluate the legal ramifications of situations as they arise is not a lasting skill.
False
Because the Internet is international in scope, no party to an online dispute resolution proceeding can appeal to a court at any time.
False
Civil law has to do with wrongs committed against society for which society demands redress.
False
Contract law does not distinguish between moral and legal obligations.
False
Procedural due process focuses on the content of legislation.
False
The commerce clause has had no greater impact on business than any other provision in the Constitution.
False
The standard of reasonable care for a professional is the same as that of an ordinary person.
False
The terms of service that a person agrees to before loading an app on a phone are not truly legally binding.
False
To be liable on a theory of strict product liability, a defendant must be in a better position than the plaintiff to bear the costs associated with the harm caused by a product.
False
Under the principle of rights theory, the key factor in a decision is how the result may harm the rights of the company to make money.
False
A law that that limits a fundamental right may be held to violate substantive due process.
True
Because the Internet is international in scope, it raises international jurisdictional issues.
True
Because the courts have defined interstate commerce broadly, arbitration agreements only slightly connected to interstate commerce may be enforced.
True
For fraud to be the basis of liability in a product liability suit, the misrepresentation must have been intentional.
True
Generally, because the parties to arbitration are free to agree to the means of the method, a court will not hear a complaint from either party about the results.
True
If one party to a contract has fully performed but the other has not, the contract is executory.
True
International law derives from a variety of sources, including the laws of individual nations
True
Multinational corporations agreeing to resolve a dispute through a formal hearing before a panel of experts is a method of alternative dispute resolution.
True
Under a state long-arm statute, a court can exercise jurisdiction only over certain nonresident defendants.
True
Voir dire refers to the jury selection process.
True