Ch. 1 & 2
False
A decision from a state supreme court in one state is binding on a trial court judge in another state if the other state has no applicable law on the issue involved.
True
A decision of a state supreme court is binding on a lower state court located in the state.
Law
A majority of citizens in a democracy can agree to permit certain authorities to make & enforce rules describing what behavior is permitted & encouraged in their community. These rules are what we refer to as the __.
Law
A majority of citizens in a democracy can agree to permit certain authorities to make & enforce rules describing what behavior it permitted & encouraged in their community. These rules are what we refer to as the __.
Private
Assume a businessperson who owns a computer equipment store is delinquent in paying rent to the landlord. The resulting dispute entails __ law.
Legal positivism
Assume a judge writes that she is deciding to enforce a law in question but that her decision does not mean that she sees the law as the morally correct rule. The judge would have leanings in the direction of __.
Private law & civil law
Assume a restaurant chain is forced to pay damages to a person who suffered food poisoning after eating at the restaurant. What type of law is involved?
The decision being appealed from & future cases in the state, but not past cases.
Assume an issue is decided by a state supreme court. On what cases is that decision binding?
Criminal
Assume the Securities & Exchange Commission prosecutes someone for insider trading. That prosecution is an example of __ law.
False
Because of the law, we rely on the goodwill & dependability of one another.
False
Business law consists of the suggested rules of conduct that govern commercial relationships.
False
Constitutions & statutes are complete in the sense of covering the detailed rules that affect government & business relations.
True
Crimes are prosecuted by the government, not individuals.
The state or federal government
Crimes committed under criminal laws are prosecuted by?
False
Ethical conversation is primarily about finding the one & only right thing to do.
The Historical school
In what school of jurisprudence is the concept of stare decisis rooted?
Courts
Laws are enforced by?
State codes
Legislative acts passed by state legislatures can be found in __.
False
Many market transactions occur without legal guidelines.
State statutes & city ordinances, but not model laws.
Penny is investigating what she needs to do to legally open a dog grooming business in her city. Which of the following would govern the business?
Values
Positive abstractions that capture our sense of what is good or desirable are __.
True
Presidents claim the power to issue executive orders on the basis of their Article II, Section 1, constitutional power to "take care that the laws be faithfully executed."
True
Public law involves disputes between private individuals or groups & their government.
Constitution of each state
The U.S. Constitution & the __ establish the fundamental principles & rules by which the U.S. & the several states are governed.
Universalization test
The __ for ethical behavior seeks consideration of what the world would be like if a decision is copied by everyone else.
U.S. Constitution
The __ is the supreme law of the land.
Criminal law
What applies to situations in which someone commits an act against the public as a unit?
Restatements of the law
What are summaries of common law rules in a particular area of the law that have been enacted by most state?
University of Cali v. Bakke
What case did the U.S. Supreme Court rely on precedent to strike down a school's admissions policy that reserved slots for members of minority races?
Brown v. Board of Education
What case is referenced in the text as a use of stare decisis as binding precedent, in that it abolished discriminatory policies for individuals of different racial backgrounds?
Public law
What involves disputes between private individuals or groups & their government?
Private law
What involves disputes between private individuals or groups?
Civil law
What involves remedies available to an individual when his or her rights are violated?
Encouraging taxation
What is not a purpose of the law as set forth in the text?
Administrative agencies exist at the federal, state, & local level.
What is true regarding administrative agencies?
A treaty is generally negotiated by the executive branch & must then be approved by two-thirds of the Senate.
What is true regarding treaties at the federal level?
National vs. International, federal vs. state, & public vs. private
What most accurately sets forth ways into which law may be divided & classified?
The American Law Institutes
What prepares Restatements?
Ordinances
What references rules of cities & counties that govern matters not covered by federal or state law?
Codes
What term used to refer to laws hat are contained in one convenient location?
Civil
What type f law involves the rights & responsibilities involved in relationships between persons, & between persons & their government?
Stare decisis
When courts rely on precedent, they are obeying __.
A state legislature can ignore the proposed uniform law, adopt it in full, or adopt it in part.
When the organization in charge of proposing uniform laws proposes a statute, what is true?
Civil
Which type of law involves the rights & responsibilities involved in relationships between persons, & between persons & their government?
The many of people affected by a firm's decision.
Who are stakeholders of a business?
National Conference of Commissions on Uniform State Laws
The group that urges states to enact model laws to provide greater uniformity of law is called the __.
False
The term "stare decisis" means "reversing the decision."
Precedent
The term __ involves the us of past decisions to guide future decisions.
True
Another name for case law is common law.
If Candy want to do business in China, she must abide by Chinese law.
Candy wants to state an internet business. She is told by the Chinese government that certain items on her sites are objectionable & illegal, and that if she wants to do business in China, she must remove the objectionable material. What is true?
New statutes
Case law can be revoked by ___.
True
Case law interpretations are law unless they are revoked later by new statutory law.
Natural law
The concept of __ suggests that individuals should have the freedom to disobey a law enacted by people if their conscience goes against the law & they believe the law is wrong.
The Golden Rule
The idea that we should interact with other people in a manner consistent with the manner in which we would like for them to interact with us is called __.
Statutory
The rules & regulations put forth by legislatures are referred to as __ law.
