Bus 207 ch 1

Which of the following is NOT a purpose of the law as set forth in the text? A) Encouraging taxation B) Serving as a moral guide by indicating minimal expectations of citizens and organizations C) Encouraging social justice D) Guaranteeing personal freedoms E) Providing orders such that one can depend on a promise or an expectation of obligations

A) encouraging taxation

BLANK consists of the enforceable rules of conduct that govern commercial relationship?

Business law

If someone commits an act against the public, he or she will be violating what type of law?

Criminal law

This is not one of the numerous purposes fulfilled by the law

Facilitating change without requiring a rational consideration of options

A decision of a state appeals court is not binding on a trial court located in the same state

False

A decision of a state appeals court is not binding on a trial court located in the same state.

False

A treaty is a non binding agreement between two states or international organizations

False

An alternative name for case law is statutory law

False

Judges claim the power to issue executive orders on the basis of Article II, Section 1 constitutional power to "take care that the laws be faithfully executed"

False

Judicial decisions are law even if the legislative branch should revoke them later by enacting new statutory law

False

Laws comparing and studying the laws in different countries are known as contributory law

False

Many market transactions occur without legal guidelines.

False

Private law involves disputes between private individuals or groups and their government

False

Stare decisis is a legal principle that rulings made by lower courts are binding on higher courts in the same jurisdiction

False

The US constitution is the foundation for approximately one half of all laws in the US.

False

The purpose of stare decisis is to create less predictability for businesses and individuals

False

What does Ordinances address in regarding to business considerations

Local taxes, environmental hazards, zoning, building codes NOT FEDERAL TAXES

"Guaranteeing personal freedoms" is:

One of the numerous purposes fulfilled by the law

What type of law involves disputes between private individuals or groups?

Private law

What is one of the numerous purposes fulfilled by the law?

Providing order such that one can depend on a promise or an expectation of obligations

What type of law involves disputes between private individuals or groups and their government?

Public law

Crimes are prosecuted by the state or federal government, not individuals.

True

If a pet store dumps waste from its business behind its building, it is a violation of a public law

True

Law is the rules on conduct in any organized society that are enforced by the governing authority of the community

True

The National Conference of Commissioners on Uniform State Laws (NCC) regularly urges states to enact model laws to provide greater uniformity of law

True

The legislative branch of government creates statutory law

True

The respect we give to the law as a source of authority is in part a recognition of the fact that in the absence of law, we would rely solely on the goodwill and dependability of on another

True

The term "stare decisis" means "standing the decision."

True

Assuming a businessperson who owns a computer equipment store is delinquent in paying rent to the landlord. This dispute involves BLANK?

private law

If a computer store dumps waste behind its building in violation of local, state, or federal environmental regulations, the resulting dispute focuses on _____ law.

public law

A majority of citizens in a democracy can agree to permit certain authorities to make and enforce rules describing what behavior is permitted and encouraged in their community. These rules are what we refer to as BLANK

the law

Business Law consists of the suggested rules of conduct that govern commercial relationships.

true

How many go the functional areas of business sit on a foundation of business law?

6

Which of the following involves remedies available to an individual when his or her rights are violated?

Civil law

In 2009, Mississippi valley silica company was ordered to pay a plaintiff $9 million bc the court ruled that it sold the plaintiffs employer w the knowledge that using the sand on a regular basis would expose a worker to a form of cancer, and mississippi valley did not alert those two bought the sand about the risk. The $9 million recovery is an example of BLANK?

Civil law remedy

Which of the following is not a commonly recognized classification of the law? A) National B) Federal C) International D) Private E) Philosophical

E) Philosophical

which type of law involves the rights and responsibilities involved in relationships between persons, and between persons and their government

civil