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37579922-Chapter-1-West-s-Business-Law-test-bank-questions

Course: ACCT 200, Spring 2011
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1 Chapter Introduction to Law and Legal Reasoning TRUE/FALSE QUESTIONS A1. Thestabilityandpredictabilityofthelawisessentialtobusinessactivities. ANSWER: T PAGE: NAT:AACSBAnalytic B1. 2 TYPE: AICPACriticalThinking = Animportantfunctionofthelawistoprovidejurisprudence. ANSWER: F PAGE: NAT:AACSBReflective 2 TYPE: AICPACriticalThinking N A2. Law is a body of enforceable rules governing relationships among...

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1 Chapter Introduction to Law and Legal Reasoning TRUE/FALSE QUESTIONS A1. Thestabilityandpredictabilityofthelawisessentialtobusinessactivities. ANSWER: T PAGE: NAT:AACSBAnalytic B1. 2 TYPE: AICPACriticalThinking = Animportantfunctionofthelawistoprovidejurisprudence. ANSWER: F PAGE: NAT:AACSBReflective 2 TYPE: AICPACriticalThinking N A2. Law is a body of enforceable rules governing relationships among individualsandbetweenindividualsandtheirsociety. ANSWER: T PAGE: NAT:AACSBAnalytic 2 AICPALegal TYPE: = B2. Howjudgesapplythelawtospecificdisputesmaydependinpartontheir personalphilosophicalviews. ANSWER: T PAGE: NAT:AACSBReflective 2 TYPE: AICPACriticalThinking = A3. ThebasisfortheU.S.legalsystemisnaturallaw. ANSWER: F NAT:AACSBEthics PAGE: 3 TYPE: AICPACriticalThinking N 1 2TESTBANKAUNITONE:THELEGALENVIRONMENTOFBUSINESS B3. A judges view of the law is of little importance in a common law legal system. ANSWER: F PAGE: NAT:AACSBReflective A4. 2 TYPE: AICPACriticalThinking = ConstitutionallawincludesonlytheU.S.Constitution. ANSWER: F PAGE: NAT:AACSBAnalytic 6 AICPALegal TYPE: = B4. Congresscanonlypasslegislationthatfallswithinthelimitssetupbythe U.S.Constitution. ANSWER: T PAGE: NAT:AACSBAnalytic 6 AICPALegal TYPE: + A5. Astateconstitutionissupremewithinthestatesborders. ANSWER: T PAGE: NAT:AACSBAnalytic 6 AICPALegal TYPE: = B5. TheU.S.ConstitutionisthesupremelawoftheUnitedStates. ANSWER: T PAGE: NAT:AACSBAnalytic 6 AICPALegal TYPE: = A6. Whetheralawisconstitutionaldependsonitssource. ANSWER: F PAGE: NAT:AACSBAnalytic 6 AICPALegal TYPE: = CHAPTER1:INTRODUCTIONTOLAWANDLEGALREASONING3 B6. Eachstatehasitsownconstitution. ANSWER: T PAGE: NAT:AACSBAnalytic 6 TYPE: AICPACriticalThinking = A7. Uniformlawsapplyinallstates,includingthoseinwhichthelawshavenot beenadopted. ANSWER: F PAGE: NAT:AACSBAnalytic 6 AICPALegal TYPE: = B7. TheFederalTradeCommissiondevelopedtheUniformCommercialCode. ANSWER: F PAGE: NAT:AACSBReflective 7 TYPE: AICPACriticalThinking = A8. A state law that conflicts with the U.S. Constitution will be deemed unconstitutional. ANSWER: T PAGE: NAT:AACSBAnalytic 6 AICPALegal TYPE: = B8. State agency regulations take precedence over conflicting federal agency regulations. ANSWER: F PAGE: NAT:AACSBAnalytic 7 AICPALegal TYPE: + A9. Statutorylawdoesnotincludecountyordinances. ANSWER: F PAGE: NAT:AACSBReflective 6 AICPALegal TYPE: = B9. Commonlawisatermforthelawsthatarefamiliartomostofus. ANSWER: F PAGE: NAT:AACSBAnalytic 8 TYPE: AICPACriticalThinking = A10. NostatehasadoptedtheUniformCommercialCodeinitsentirety. ANSWER: F PAGE: NAT:AACSBReflective 7 AICPALegal TYPE: + 4TESTBANKAUNITONE:THELEGALENVIRONMENTOFBUSINESS B10. Equityisabranchofunwrittenlawthatseeksto supplyremediesother thandamages. ANSWER: T PAGE: NAT:AACSBAnalytic 8 AICPALegal TYPE: + A11. Commonlawisatermforlawthatiscommonthroughouttheworld. ANSWER: F PAGE: NAT:AACSBAnalytic 8 TYPE: AICPACriticalThinking = B11. Acourtsdirectiontoapartytostopdoingaparticularactisarescission. ANSWER: F PAGE: NAT:AACSBAnalytic A12. Damagesisaremedyatlaw. ANSWER: T PAGE: NAT:AACSBAnalytic 8 AICPALegal TYPE: + 8 AICPALegal TYPE: = B12. Inmoststates,thecourtsnolongergrantlegalremedies. ANSWER: F PAGE: NAT:AACSBAnalytic 9 TYPE: AICPACriticalThinking N A13. Equitableremediesincludeinjunctionsanddecreesofspecificperformance. ANSWER: T PAGE: NAT:AACSBAnalytic 8 AICPALegal TYPE: = B13. Aplaintiffisapersonagainstwhomalawsuitisbrought. ANSWER: F PAGE: NAT:AACSBAnalytic 9 AICPALegal TYPE: = A14. Inmoststates,thecourtsnolongergrantequitableremedies. ANSWER: F PAGE: NAT:AACSBAnalytic 9 AICPALegal TYPE: N CHAPTER1:INTRODUCTIONTOLAWANDLEGALREASONING5 B14. Adecisiononagivenissuebyacourtisnotbindingonaninferiorcourt. ANSWER: F PAGE: NAT:AACSBAnalytic 10 AICPALegal TYPE: = A15. Adefendantisapersonagainstwhomalawsuitisbrought. ANSWER: T PAGE: NAT:AACSBAnalytic 9 AICPALegal TYPE: N B15. Stare decisis isadoctrineobligatingjudgestohelppersonswhohave failedtoprotecttheirownrights. ANSWER: F PAGE: NAT:AACSBAnalytic A16. Courtsdonotdepartfromprecedents. ANSWER: F PAGE: NAT:AACSBReflective 10 TYPE: AICPACriticalThinking = 10 AICPALegal TYPE: N B16. Acourtmaydepartfromaprecedentiftheprecedentisnolongervalidin viewofchangedtechnology. ANSWER: T PAGE: NAT:AACSBReflective 11 TYPE: AICPACriticalThinking = A17. Howthecourtsinterpretastatutedetermineshowthatstatuteisapplied. ANSWER: T PAGE: NAT:AACSBAnalytic 13 AICPALegal TYPE: = B17. Commonlawisnolongerasourceoflegalauthority. ANSWER: F PAGE: NAT:AACSBAnalytic 13 TYPE: AICPACriticalThinking = A18. Criminallawfocusesondutiesthatexistbetweenpersons. ANSWER: F PAGE: NAT:AACSBAnalytic 14 AICPALegal TYPE: = 6TESTBANKAUNITONE:THELEGALENVIRONMENTOFBUSINESS B18. Courtsoftenrelyonthecommonlawasaguidetointerpretinglegislation. ANSWER: T PAGE: NAT:AACSBAnalytic 13 TYPE: AICPACriticalThinking N A19. Areferenceto28U.S.C.Section1332meansthatastatutecanbefound insection1332oftitle28oftheUnited States Code. ANSWER: T PAGE: NAT:AACSBAnalytic 15 TYPE: AICPAResearch + B19. Asubstantivelawcreatesordefineslegalrightsandobligations. ANSWER: T PAGE: NAT:AACSBAnalytic 14 AICPALegal TYPE: = A20. Moststatetrialcourtdecisionsarenotpublished. ANSWER: T PAGE: NAT:AACSBAnalytic 15 TYPE: AICPAResearch = B20. Rules and regulations adopted by federal administrative agencies are compiledintheCode of Federal Regulations. ANSWER: T PAGE: NAT:AACSBAnalytic MULTIPLE CHOICE QUESTIONS A1. Johnisajudge.ThefunctionofJohnandotherjudgesisto a. b. c. d. decidecasesonthebasisoftheiropinionsabouttheissues. decidecasesonthebasisoftheirpersonalphilosophicalviews. interpretandapplythelaws. makethelaws. 2 TYPE: AICPACriticalThinking = 15 TYPE: AICPAResearch = ANSWER: C PAGE: NAT:AACSBReflective CHAPTER1:INTRODUCTIONTOLAWANDLEGALREASONING7 B1. ToPete,thewrittenlawofaparticularsocietyataparticulartimeismost significant.Peteis a. b. c. d. alegalpositivist. alegalrationalist. alegalrealist. apersonwhoadherestothenaturallawtradition. 3 TYPE: AICPACriticalThinking + ANSWER: A PAGE: NAT:AACSBAnalytic A2. UnderOhiosstateconstitution,theOhioEnvironmentalProtectionAgency issuesanewrule,thePolkCountyCommissionapprovesanewproperty taxmeasure,andtheprofessorsandstudentsatOhioLawSchoolpublish the results of their most recent legal research. Sources of law do not include a. b. c. d. themeasuresapprovedbylocalgoverningbodies. theresultsoflegalscholarsresearch. therulesissuedbystateadministrativeagencies. thestatesconstitutions. 6 AICPALegal TYPE: N B2. ANSWER: B PAGE: NAT:AACSBReflective The River City Council, theSanta Clara County Board, the Texas state legislature,andtheU.S.Congressenactlaws.Theselawsconstitute a. b. c. d. administrativelaw. caselaw. stare decisis. statutorylaw. 6 TYPE: AICPACriticalThinking = ANSWER: D PAGE: NAT:AACSBReflective A3. HawaiienactsastatelawthatviolatestheU.S.Constitution.Thislawcan beenforcedby a. b. noone. thefederalgovernmentonly. 8TESTBANKAUNITONE:THELEGALENVIRONMENTOFBUSINESS c. d. thestateofHawaiionly. theUnitedStatesSupremeCourtonly. 6 AICPALegal TYPE: = ANSWER: A PAGE: NAT:AACSBReflective B3. TheU.S.Congress enactsanewfederalstatutethatsetsdifferent stan dardsfortheliabilityofbusinessessellingdefectiveproducts.Thisstatute applies a. b. c. d. onlytomattersnotcoveredbystatelaw. onlytothosestatesthatadoptthestatute. toallofthestates. tononeofthestates. 6 AICPALegal TYPE: = ANSWER: C PAGE: NAT:AACSBReflective A4. TheFederalTradeCommissionisagovernmentagencythatissuesrules, orders,and decisions.The Georgia statelegislature enacts statutes.The Jackson County Board and the Peach City Council enacts ordinances. Administrativelawincludes a. b. c. d. alllawthataffectsabusinesssoperation. therules,orders,anddecisionsoftheFederalTradeCommission. statutesenactedbytheGeorgiastatelegislature. ordinancescreatedbytheJacksonCountyBoardandthecitycouncil ofPeachCity,Georgia. 7 AICPALegal TYPE: = ANSWER: B PAGE: NAT:AACSBReflective CHAPTER1:INTRODUCTIONTOLAWANDLEGALREASONING9 B4. IfaprovisionintheFloridastateconstitutionconflictswithaprovisionin theU.S.Constitution a. b. c. d. neitherprovisionapplies. theprovisionsarebalancedtoreachacompromise. thestateconstitutiontakesprecedence. theU.S.Constitutiontakesprecedence. 6 AICPALegal TYPE: = ANSWER: D PAGE: NAT:AACSBReflective A5. The Securities Exchange Commission is an administrative agency. The chiefpurposeofsuchagenciesisto a. b. c. d. actasliaisonsbetweenfederalandstategovernments. imposeuniformlawsonthestates. performspecificgovernmentfunctions. standardizelawsfortheexecutiveandjudicialbranches. 7 AICPALegal TYPE: N ANSWER: C PAGE: NAT:AACSBReflective B5. Mary is a consultant to the National Conference of Commissioners on UniformStateLaws.Thisorganization a. b. c. d. adoptsuniformlawsforthestates. appliesuniformlawstothestates. draftsuniformlawsforadoptionbythestates. imposesuniformlawsonthestates. 6 TYPE: AICPACriticalThinking = ANSWER: C PAGE: NAT:AACSBReflective A6. InasuitagainstKit,Leoobtainsspecificperformance.Thisis a. b. c. d. anequitableremedyandaremedyatlaw. anequitableremedyonly. aremedyatlawonly. neitheranequitableremedynoraremedyatlaw. 8 AICPALegal TYPE: = ANSWER: B PAGE: NAT:AACSBReflective 10TESTBANKAUNITONE:THELEGALENVIRONMENTOFBUSINESS B6. Owenisafederaljudgewhosejudicialdecisionsarepartofcaselaw,which includesinterpretationsof a. b. c. d. administrativeregulationsonly. constitutionalprovisionsonly. statutesonly. administrativeregulations,constitutionalprovisions,andstatutes. 7 TYPE: AICPACriticalThinking = ANSWER: D PAGE: NAT:AACSBReflective A7. Asajudge,Jayappliescommonlawrules.Theserulesdevelopfrom a. b. c. d. decisionsofthecourtsinlegaldisputes. regulationsissuedbyadministrativeagencies. statutesenactedbyCongressandthestatelegislatures. uniformlawsdraftedbylegalscholars. 8 AICPALegal TYPE: = ANSWER: A PAGE: NAT:AACSBReflective B7. Asajudge,Ninadecidescasesthatinvolveprinciplesofvarioussourcesof law.Commonlawis a. b. c. d. administrativelaw. caselaw. civillaw. statutorylaw. 7 AICPALegal TYPE: = ANSWER: B PAGE: NAT:AACSBReflective A8. InanactionagainstElin,Frankobtainsaremedy.Thisis a. b. c. d. anadministrativeagencysenforcementofitsrule. aprincipleofthelawderivedfromearliercourtcases. astatuteenactedbyastatelegislatureorCongress. thelegalmeanstorecoverarightortoredressawrong. 8 AICPALegal TYPE: N ANSWER: D PAGE: NAT:AACSBReflective CHAPTER1:INTRODUCTIONTOLAWANDLEGALREASONING11 B8. TheUnitedStateshasacommonlawsystem.Thecommonlawbeganas a. b. c. d. componentsoftheRomancivillaw. principlescodifiedbycontinentalEuropeannations. rulesappliedinthecourtsthroughoutEngland. standardsimposedwithinsmallpagancommunitiesandtribes. 8 AICPALegal TYPE: + ANSWER: C PAGE: NAT:AACSBReflective A9. Hollyisastatecourtjudge.IlsaappearsinacaseinHollyscourt,claiming thatJimbreachedacontract.Asinmoststatecourts,Hollymay a. b. c. d. awarddamages,cancelacontract,ordirectapartytodoornottodo anact. awarddamagesonly. cancelacontractonly. directapartytodoornottodoaparticularactonly. 9 AICPALegal TYPE: = ANSWER: A PAGE: NAT:AACSBReflective B9. GreatInternet,Inc.(GII),isanInternetserviceprovider.GIIstechsupport employeesareonstrike.SixoftheworkersareblockingGIIsdoor.Toget themawayfromthedoor,GIIshouldobtain a. b. c. d. adecreeofspecificperformance. anawardofdamages. aninjunction. arescission. 8 TYPE: = AICPADecisionModeling ANSWER: C PAGE: NAT:AACSBReflective A10. In a suit against Clem, Dona obtains the cancellation of a contractual obligation.Thisis a. b. c. d. aninjunction. damages. rescission. specificperformance. 12TESTBANKAUNITONE:THELEGALENVIRONMENTOFBUSINESS C ANSWER: PAGE: NAT:AACSBReflective 9 AICPALegal TYPE: + B10. Garyisastatecourtjudge.Inhiscourt,asinmoststatecourts,hemay grant a. b. c. d. equitableandlegalremedies. equitableremediesonly. legalremediesonly. neitherequitablenorlegalremedies. 9 AICPALegal TYPE: = ANSWER: A PAGE: NAT:AACSBReflective A11. InasuitagainstSandy,Tylerobtainsaremedy.IntheU.S.legalsystem, thisremedywillmostlikelybe a. b. c. d. aninjunction. damages. rescission. specificperformance. 9 AICPALegal TYPE: N ANSWER: B PAGE: NAT:AACSBReflective B11. Leeisajudgeinacourtofequity.Inthiscourt,Leemaybarasuitifitis notfiledwithinapropertimeunderthedoctrineknownas a. b. c. d. laches. stare decisis. thechancellorsdiscretion. thekingsconscience. 9 AICPALegal TYPE: = ANSWER: A PAGE: NAT:AACSBAnalytic A12. Net Corporation files a suit against Omega, Inc., alleging that Omega breachedacontracttosellNetacomputersystemfor$100,000.Netis a. b. c. theappellant. theappellee. thedefendant. CHAPTER1:INTRODUCTIONTOLAWANDLEGALREASONING13 d. theplaintiff. 9 AICPALegal TYPE: = ANSWER: D PAGE: NAT:AACSBReflective 14TESTBANKAUNITONE:THELEGALENVIRONMENTOFBUSINESS B12. Jillisanappellatecourtjudge.Inthiscapacity,Jillestablishesaruleof law. Under the doctrine of stare decisis, the principle must be adheredtoby a. b. c. d. allcourts. courtsoflowerrankonly. thatcourtandcourtsoflowerrank. thatcourtonly. 10 AICPALegal TYPE: = ANSWER: C PAGE: NAT:AACSBAnalytic A13. InAbel v. Baker,astatesupremecourtheldthataminorcouldcancela contractforthesaleofacar.Nowatrialcourtinthesamestateisdecid ing Charles v. Delta,acasewithsimilarfacts.Underthedoctrineofstare decisis,thetrialcourtislikelyto a. b. c. d. allowtheminortocancelthecontract. disregardthepreviouscase. ordertheminortocancelthecontract. requiretheminortofulfillthecontract. 10 TYPE: AICPACriticalThinking = ANSWER: A PAGE: NAT:AACSBReflective B13. InBest Sales Corp. v. Consumer Products Co.,thecourtdecides thataprecedentisincorrectorinapplicable.Thecourt a. b. c. d. mayrulecontrarytotheprecedent. mustapplytheprecedent. mustaskahighercourttoruleonthecase. mustrefusetodecidethecase. 11 AICPALegal TYPE: + ANSWER: A PAGE: NAT:AACSBReflective A14. KurtisajudgehearingthecaseofLocal Co. v. Macro Corp.Applying therelevantruleoflawtothefactsofthecaserequiresKurttofindprevi ouslydecidedcasesthat,inrelationtothecaseunderconsideration,are a. asdifferentaspossible. CHAPTER1:INTRODUCTIONTOLAWANDLEGALREASONING15 b. c. d. assimilaraspossible. atodds. exactlyidentical. 10 TYPE: AICPACriticalThinking = ANSWER: B PAGE: NAT:AACSBReflective B14. Astatetrialcourt hasbeforeit Eagle Manufacturing Co. v. Fine Products Corp.,acaseoffirstimpression.Thecourtcan a. b. c. d. notrefusetodecidetheEagle case. postponedecidingEagleindefinitely. postponedecidingEagleuntilthereisbindingauthority. refusetodecideEagle. 11 AICPALegal TYPE: = ANSWER: A PAGE: NAT:AACSBReflective A15. InExport Co. v. Imports, Inc.,thereisnoprecedentonwhichthe courtcanbaseadecision.Thecourtcanconsider,amongotherthings, a. b. c. d. neitherpublicpolicynorsocialvalues. publicpolicyonly. publicpolicyorsocialvalues. socialvaluesonly. 11 TYPE: AICPACriticalThinking = ANSWER: C PAGE: NAT:AACSBReflective B15. Quinnisastatecourtjudge.Inthecaseof Regal Products, Inc. v. Superior Manufacturing Co.,Quinnestablishesalogicalrelationship bycomparingthefactsinthecasetothefactsinothercasesand,totheex tentthefactsaresimilar,appliesthesamerule.Thisis a. b. c. d. deductivereasoning. faultyreasoning. linearreasoning. reasoningbyanalogy. 12 TYPE: AICPACriticalThinking = ANSWER: D PAGE: NAT:AACSBReflective 16TESTBANKAUNITONE:THELEGALENVIRONMENTOFBUSINESS A16. Afederalstatuteregulatesanemploymentpractice.Toresolveadispute concerningthepractice,Paula,ajudge,willmostlikelyapply a. b. c. d. acommonlawdoctrinethatappliedbeforethestatutewasenacted. acommonlawdoctrinethatappliestoother,differentpractices. Paulaspersonalphilosophyoflaw. thestatute. 13 TYPE: AICPACriticalThinking = ANSWER: D PAGE: NAT:AACSBReflective CHAPTER1:INTRODUCTIONTOLAWANDLEGALREASONING17 B16. Areasofthelawnotgovernedbystatutoryoradministrativelaware a. b. c. d. governedbythecommonlaw. notgovernedbyanylaw. opentoeachindividualsowninterpretation. subjecttolocalordinances. 13 AICPALegal TYPE: = ANSWER: A PAGE: NAT:AACSBAnalytic Fact Pattern 1-A1 (Questions A17A19 apply) TheMontanaSupremeCourtdecidesthecaseofNational Co. v. Overseas Corp. Ofninejustices,six believethejudgment should beinNationals favor. Justice Peel, one of the six, writes a separate opinion. The four justices who believe the judgment should be in Overseass favor join in a third separate opinion. A17. RefertoFactPattern1A1.Theseopinionsarecollectedandpublishedin volumescalled a. b. c. d. citations. codes. regulations. reporters. 10 TYPE: AICPAResearch N ANSWER: D PAGE: NAT:AACSBReflective B17. Civillawisconcernedwithdisputesbetweenpersonsand a. b. c. d. otherpersonsandbetweencitizensandtheirgovernments. otherpersonsandbetweenpersonsandthepublicasawhole. otherpersonsonly. thepublicasawholeonly. 14 TYPE: AICPACriticalThinking N ANSWER: A PAGE: NAT:AACSBAnalytic Fact Pattern 1-A1 (Questions A17A19 apply) TheMontanaSupremeCourtdecidesthecaseofNational Co. v. Overseas Corp. Ofninejustices,six believethejudgment should beinNationals favor. Justice Peel, one of the six, writes a separate opinion. The four justices who 18TESTBANKAUNITONE:THELEGALENVIRONMENTOFBUSINESS believe the judgment should be in Overseass favor join in a third separate opinion. A18. RefertoFactPattern1A1.Peelsopinionisknownas a. b. c. d. aconcurringopinion. adissentingopinion. amajorityopinion. apropoundingopinion. 21 TYPE: AICPAResearch + ANSWER: A PAGE: NAT:AACSBReflective B18. StandardBusinessCompanyappealsadecisionagainstit,infavorofTop FlightCorporation,fromalowercourttoahighercourt.Standardis a. b. c. d. theappellant. theappellee. thedefendant. theplaintiff. PAGE: 21 AICPALegal TYPE: = ANSWER: A NAT:AACSBReflective Fact Pattern 1-A1 (Questions A17A19 apply) TheMontanaSupremeCourtdecidesthecaseofNational Co. v. Overseas Corp. Ofninejustices,six believethejudgment should beinNationals favor. Justice Peel, one of the six, writes a separate opinion. The four justices who believe the judgment should be in Overseass favor join in a third separate opinion. A19. Refer to Fact Pattern 1A1. The opinion joined by the four justices who favorOverseasisknownas a. b. c. d. aconcurringopinion. adissentingopinion. amajorityopinion. apropoundingopinion. 21 TYPE: AICPAResearch N ANSWER: B PAGE: NAT:AACSBReflective CHAPTER1:INTRODUCTIONTOLAWANDLEGALREASONING19 B19. ThetitleofacaseappearsasDuck Sales Corp. v. Egret Supply Co.Thepartyinwhosefavorthecasewasdecided a. b. c. d. couldbeeitherparty. mightbeneitherparty. mustbeDuck. mustbeEgret. 21 TYPE: AICPAResearch + ANSWER: A PAGE: NAT:AACSBReflective A20. DuringasportseventforEastHighSchool,Floyd,asenior,wavesasign that reads,Methd Up! Gina, Easts principal,confiscates thesignand suspendsFloydfromschoolfortendays.Undertheprinciplesdiscussedin ASampleCourtCase,Morse v. Frederick,Ginamostlikelyacted a. b. c. d. inviolationofFloydsrightsundertheFirstAmendment. reasonablyinconfiscatingthesignbutnotinsuspendingFloyd. reasonablyinsuspendingFloydbutnotinconfiscatingthesign. reasonablyinthecircumstancesandunderthelaw. 24 TYPE: AICPAResearch N ANSWER: D PAGE: NAT:AACSBReflective B20. The South Carolina Supreme Court decides the case of Toy Co. v. Umbrella Corp.Thecourtissuesanopinionthatdoesnotindicatewhich justiceauthoredit.Thisopinionis a. b. c. d. aconcurringopinion. adissentingopinion. anen bancdecision. aper curiamopinion. 22 TYPE: AICPAResearch N ANSWER: D PAGE: NAT:AACSBReflective ESSAY QUESTIONS A1. AmericanswithaBetterCause(ABC),anonprofitorganization,filesasuit against the U.S. Department of Justice (DOJ), claiming that a certain 20TESTBANKAUNITONE:THELEGALENVIRONMENTOFBUSINESS federal statute the DOJ is empowered to enforce conflicts with the U.S. Constitutionandwithastateconstitution.Ineachsituation,whichsource oflawhaspriority? ANSWER: TheU.S.Constitutionisthesupremelawoftheland.Alawin violationoftheConstitution,nomatterwhatitssource,willbedeclared unconstitutionalandwillnotbeenforced.Thus,thefederalstat utedoesnot havepriorityovertheConstitution.Thefederalstatutewouldhavepriority overthestateconstitution,however,becauseundertheU.S.Constitution, whenthereisaconflictbetweenafederallawandastatelaw,thestatelaw isrenderedinvalid. PAGE: 6 TYPE: = NAT:AACSBReflective AICPADecisionModeling B1. InalawsuitbetweenDigitalSalesCorporationandEngineeringAssociates, Inc., the court applies the doctrine of stare decisis. What is this doctrine? What does this doctrine have to do with the American legal system? ANSWER: In a common law legal system, past judicial decisions are bindingincurrentdisputeswithsimilarfacts.Thisfeatureofthecommon law,whichisthebasisoftheAmericanlegalsystem,isuniquebecause, unlike the law in other legal systems, it is judgemade law. Within the commonlawsystem,whenpossible,judgesattempttobecon sistentandto basetheirdecisionsontheprinciplessuggestedbyearliercases.Thebody ofprinciplesanddoctrinesthatformthecommonlawemergedovertimeas judgesappliedtheprinciplesannouncedinearliercasestosubsequentlegal controversies. The practice of deciding cases with reference to former decisions,orprecedentsthecornerstoneoftheAmericanlegalsystemis called the doctrine of stare decisis. Under this doctrine, judges are obligated to follow the precedents established within their jurisdictions. Thishelpscourtstobemoreefficient,andmakesthelawmorestableand predictable. PAGES: 911 TYPE: = NAT:AACSBReflective AICPACriticalThinking A2. 321Studios,asellerofsoftwareforcopyingdigitalversatilediscs(DVDs), filed an action in the U.S. District Court of the Northern District of California.321Studiossoughtadeclaratoryjudgmentfromthecourtasto CHAPTER1:INTRODUCTIONTOLAWANDLEGALREASONING21 whether 321 Studios product infringes on copyrights held by Metro GoldwynMayerStudios,Inc.,andotherfilmstudios.Thecourtsopinionin thecaseisat321 Studios v. Metro Goldwyn Mayer Studios, Inc. 307F.Supp.2d1085(N.D.Ca.2004).Specificallywherecanthisopinionbe found? ANSWER: This case321 Studios v. Metro Goldwyn Mayer Studios, Inc. 307F.Supp.2d1085(N.D.Ca.2004)canbefoundinits entirety in volume 307 of the Federal Supplement, Second Series, on page1085.TheU.S.DistrictCourtfortheNorthernDistrictofCalifornia decidedthiscasein2004. PAGES: 16&19 TYPE: = NAT:AACSBReflective AICPAResearch B2. Forabusinesslawclass,Kellyreadsandbriefsseveralcourtopinionsusing theIRACmethod oflegalreasoning.WhatdothelettersI,R,A,andC abbreviate?WhatarethestepsintheIRACmethod? ANSWER: ThelettersI,R,A,andCdesignateIssue,Rule,Apply, andConclude.TheIRACmethodoflegalreasoningrequiresKellyorany otherstudentorreadertofirstsummarizetheimportantfactsofalegal caseandstatethesalientissueorissues.Thesecondstepistodetermine andsetouttheruleoflawthatappliestothefactstoresolvetheissue.The thirdstepistoapplythatruletothosefacts.Theapplicationoftherule requiresananswertothequestionposedbytheissue.Thisanswermay involveoneormoredifferenttypesoflegalreasoning,butthosereasons shouldbethoughtoutandexpressedclearly.Finally,theconclusionderived fromtheapplicationoftheruletothefactsisstated.Thisissometimes referredtoastheresultortheoutcomeinacasewhowon,wholost,what theaward,ifany,consistsof,orwhatthepartiesare,orarenot,requiredto donext. PAGES: 1112&2326 TYPE: N NAT:AACSBReflective AICPALega
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Universidad Europea de Madrid - ACCT - 200
Chapter 4Constitutional Authority toRegulate BusinessTRUE/FALSE QUESTIONSA1.Afederalformofgovernmentisaconfederationofindependentstateswith acentralgovernmentofverylimitedpowers.ANSWER: FPAGE:NAT:AACSBAnalyticB1.TYPE:N77AICPALegalTYPE:=Th
Universidad Europea de Madrid - ACCT - 200
Chapter 5 Ethics and Business Decision MakingTRUE/FALSE QUESTIONS A1. Ethicsisthebranchofphilosophythatfocusesonwhatconstitutesright andwrongbehavior. ANSWER: T NAT:AACSBEthics B1. PAGE: 99 TYPE: AICPACriticalThinking =Ethicsfocusesonthewayinwhichmoralp
Universidad Europea de Madrid - ACCT - 200
Chapter 43 Administrative LawTRUE/FALSE QUESTIONS A1. Enablinglegislationispassedbyanadministrativeagencybeforeitbe gins anyregulatoryactivities. ANSWER: F PAGE: NAT:AACSBAnalytic B1. 887 AICPALegal TYPE: =Administrativeagenciescreateadministrativelaw.
Universidad Europea de Madrid - ACCT - 200
9. Under what circumstances would a court disregard a precedent?There could be many reasons a court would disregard a precedent. If the precedent was inanother jurisdiction, the court may disregard it simply because the court disagrees with it(in that
Universidad Europea de Madrid - ACCT - 200
Yi ChenBUS17510-20-20107. I think she doesnt have that right.Because the Federal Arbitration Act provides that an arbitration clause in a contractrelating to an interstate transaction is valid, irrevocable, and enforceable. When a contractsubject to
Universidad Europea de Madrid - ACCT - 200
1. I think the state cant impose the tax.J.C. Penneys activities with respect to the catalogs did not constitute an exercise in theCommonwealth of a right or power incident to the ownership of tangible personalproperty situated in Massachusetts. use wi
Universidad Europea de Madrid - ACCT - 200
Yi ChenBUS17511-3-20101. Because the new procedures for security and flights is emergency regulations. If FAAwent through this promulgation on the sample process, it may affect the security ofindividual and society.3. The names and persons who produ
Universidad Europea de Madrid - ACCT - 200
Yi ChenBUS17511-7-2010CHAPTER 83. Yes, there is enough intent and action for a crime.A crime generally consists of two elements: 1. a mental state and 2. an act or omission.According to that, I think Bakers action already constitutes a crime, but ma
Universidad Europea de Madrid - ACCT - 200
3. David was not watching where he was going and was preoccupied with throwing asnowball at his brother instead of looking for those ahead of him in order to avoid acollision. Imposing liability for conduct such as David's will not deter vigorouspartic
Universidad Europea de Madrid - ACCT - 200
Yi ChenBUS17511-21-2010Chapter 101. Yes, Starbucks does.Under the Madrid System of International Registration of Marks, China became aparty to a treaty providing for the international registration of marks. Before the mark canbe the subject of an i
Universidad Europea de Madrid - ACCT - 200
Yi ChenBUS17511-24-2010Chapter 113. No, they were wrong.The interactive web site, in conjunction with the television advertising, the plaintiffsingle telephone call for making their reservation, and the reservation confirmation letterreceived from
Universidad Europea de Madrid - ACCT - 200
Yi ChenBUS17512-12-2010Chapter 131. Unilateral contract is a contract in which one party makes an obligation to performwithout receiving in return any express promise of performance from the other party. Oneparty gives a promise in exchange for an a
Universidad Europea de Madrid - ACCT - 200
Chapter 141. Fraud is the making of a material misrepresentation of fact with (1) knowledge of itsfalsity of reckless indifference to its truth, (2) the intent that the listener rely on it, (3) theresult that the listener does so rely, and (4) the cons
Universidad Europea de Madrid - ACCT - 200
Chapter 152.Consideration only means that one party is profiting as the other abandons some legalright in the present, or limits his legal freedom of action in the future, as an inducementfor the promise of the first person. William II used tobacco, o
Universidad Europea de Madrid - ACCT - 200
Chapter 161. a. effort of violation; b. statutory regulation of contracts; c. licensed callings ordealings; d. contracts in restraint of trade; e. agreements not to compete; f. usuriousagreements6. Public policy requires that freedom of contract remai
Universidad Europea de Madrid - ACCT - 200
Yi ChenBUS1751-5-2011Chapter 171. Under the Part performance doctrine, if the buyer has taken possession of the landunder an oral contract, the oral contract for the sale of land will be enforced. So I thinkKelly wasnt entitled to the 20-foot strip.
Universidad Europea de Madrid - ACCT - 200
Yi ChenBUS1751-10-2010Chapter 182. No, he was wrong.Parents have the duty of paying child support. It need not be given a hearing prior to theentry of an order directing that said child support payments be paid to.5. No, these arent valid.Jessie h
Universidad Europea de Madrid - ACCT - 200
Yi ChenBUS1751-12-2011Chapter 191. Yes.McMullen has compliance with Richardson that the building would be expensive thanbefore. In addition, McMullen has substantially performed the contract to construct thebuilding. McMullen has the right to disch
Universidad Europea de Madrid - ACCT - 200
Yi ChenBUS1751-19-2011Chapter 201. Failure to complete the job on time was occurred just because the school district.No, it was not ethical.When the contract delayed the time, The Forsyth School District allowed Textor tocontinue performance. We ca
Universidad Europea de Madrid - ACCT - 200
32. Fine Clothes has not acted unethically in publicly releasing the information itself orin severing its relationship with Gamma. Ethical behavior can sometimes generatesufficient good will to warrant practicing it out of a desire for increased profits
Universidad Europea de Madrid - ACCT - 200
INECE SECRETARIAT STAFF299PENALTIES AND OTHER REMEDIES FORENVIRONMENTAL VIOLATIONS: AN OVERVIEWINECE SECRETARIAT STAFF2141 Wisconsin Ave. NW, Suite D2 Washington, DC 20007, inece@inece.orgSUMMARYThis article provides an overview of the functions an
Universidad Europea de Madrid - ACCT - 200
Chapter OneExploring the World ofBusiness and EconomicsCopyright Cengage Learning. All rights reserved.1|1Learning Objectives1. Discuss your future in the world of business.2. Define business and identify potential risks andrewards.3. Define econ
Universidad Europea de Madrid - ACCT - 200
Chapter TwoBeing Ethical and SociallyResponsibleCopyright Cengage Learning. All rights reserved.2|1Learning Objectives1. Understand what is meant by business ethics.2. Identify the types of ethical concerns that arise inthe business world.3. Disc
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Chapter ThreeExploring GlobalBusinessCopyright Cengage Learning. All rights reserved.3| 1Learning Objectives1. Explain the economic basis for internationalbusiness.2. Discuss the restrictions nations place oninternational trade, the objectives of
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Chapter FourChoosing a Form ofBusiness OwnershipCopyright Cengage Learning. All rights reserved.4|1Learning Objectives1. Describe the advantages and disadvantagesof sole proprietorships.2. Explain the different types of partners andthe importance
Universidad Europea de Madrid - ACCT - 200
Chapter FiveSmall Business,Entrepreneurship,and FranchisesCopyright Cengage Learning. All rights reserved.5|1Learning Objectives1. Define what a small business is andrecognize the fields in which smallbusinesses are concentrated.2. Identify the
Universidad Europea de Madrid - ACCT - 200
Chapter SixUnderstanding theManagement ProcessCopyright Cengage Learning. All rights reserved.6|1Learning Objectives1. Define what management is.2. Describe the four basic managementfunctions: planning, organizing, leading andmotivating, and cont
Universidad Europea de Madrid - ACCT - 200
Chapter SevenCreating a FlexibleOrganizationCopyright Cengage Learning. All rights reserved.7|1Learning Objectives1. Understand what an organization is andidentify its characteristics.2. Explain why job specialization is important.3. Identify the
Universidad Europea de Madrid - ACCT - 200
Chapter EightProducing QualityGoods and ServicesCopyright Cengage Learning. All rights reserved8|1Learning Objectives1. Explain the nature of production.2. Outline how the conversion processtransforms raw materials, labor, and otherresources into
Universidad Europea de Madrid - ACCT - 200
Chapter NineAttracting and Retainingthe Best EmployeesCopyright Cengage Learning. All rights reserved9|1Learning Objectives1. Describe the major components of humanresources management.2. Identify the steps in human resourcesplanning.3. Describe
Universidad Europea de Madrid - ACCT - 200
Chapter TenMotivating and SatisfyingEmployees and TeamsLearning Objectives1.2.3.4.5.Explain what motivation is.Understand some major historical perspectives onmotivation.Describe three contemporary views of motivation:equity theory, expectanc
Universidad Europea de Madrid - ACCT - 200
Chapter TwelveBuilding CustomerRelationships ThroughEffective MarketingCopyright Cengage Learning. All rights reserved12 | 1Learning Objectives1. Understand the meaning of marketing and theimportance of management of customerrelationships.2. Exp
Universidad Europea de Madrid - ACCT - 200
Chapter ThirteenCreating and Pricing Productsthat Satisfy CustomersCopyright Cengage Learning. All rights reserved13 | 1Learning Objectives1. Explain what a product is and how products areclassified.2. Discuss the product life cycle and how it lea
Universidad Europea de Madrid - ACCT - 200
Chapter FourteenWholesaling, Retailing, andPhysical DistributionCopyright Cengage Learning. All rights reserved14 | 1Learning Objectives1. Identify the various channels of distributionthat are used for consumer and industrialproducts.2. Explain t
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Chapter FifteenDeveloping IntegratedMarketing CommunicationsCopyright Cengage Learning. All rights reserved15 | 1Learning Objectives1. Describe integrated marketingcommunications.2. Understand the role of promotion.3. Explain the purposes of the
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Chapter SeventeenUsing AccountingInformationCopyright Cengage Learning. All rights reserved17| 1Learning Objectives1. Explain why accounting information and auditedfinancial statements are important.2. Identify the people who use accounting inform
Universidad Europea de Madrid - ACCT - 200
Chapter EighteenUnderstanding Money,Banking, and CreditCopyright Cengage Learning. All rights reserved18 | 1Learning Objectives1. Identify the functions and characteristics ofmoney.2. Summarize how the Federal ReserveSystem regulates the money su
Universidad Europea de Madrid - ACCT - 200
Chapter NineteenMastering FinancialManagementCopyright Cengage Learning. All rights reserved19 | 1Learning Objectives1. Explain the need for financing and financialmanagement in business.2. Summarize the process of planning forfinancial managemen
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Chapter TwentyUnderstanding PersonalFinances and InvestmentsCopyright Cengage Learning. All rights reserved20 | 1Learning Objectives1. Explain why you should manage your personalfinances and develop a personal investmentprogram.2. Describe how th
N.C. State - MTH - 151
MAT 151ProjectFor this project, you are to find a topic that interests you and use inferential statistics (i.e.hypothesis tests and confidence intervals) to analyze it and write up a report to handin. You are to include five steps in your report:1. S
University of Phoenix - CRT - 205
ArgumentQuizI(Seerelatedpages)ResultsReporterOutof3questions,youanswered3correctlywithafinalgradeof100%3correct(100%)0incorrect(0%)0unanswered(0%)YourResults:Thecorrectanswerforeachquestionisindicatedbya1CORRECT.Anargumentcomprisesatleastw
University of Phoenix - CRT - 205
Deductive/InductiveLogicQuiz(Seerelatedpages)ResultsReporterOutof3questions,youanswered3correctlywithafinalgradeof100%3correct(100%)0incorrect(0%)0unanswered(0%)YourResults:Thecorrectanswerforeachquestionisindicatedbya1CORRECT.Whichofthefo
University of Phoenix - CRT - 205
EvaluatingArgumentsQuiz(Seerelatedpages)ResultsReporterOutof7questions,youanswered7correctlywithafinalgradeof100%7correct(100%)0incorrect(0%)0unanswered(0%)YourResults:Thecorrectanswerforeachquestionisindicatedbya.Arethereassumedpremisesthat
University of Phoenix - CRT - 205
UnstatedPremisesQuiz(Seerelatedpages)ResultsReporterOutof8questions,youanswered8correctlywithafinalgradeof100%8correct(100%)0incorrect(0%)0unanswered(0%)YourResults:Thecorrectanswerforeachquestionisindicatedbya1CORRECT.Whenevaluatinganargu
University of Phoenix - MATH - 116A
Axia College MaterialAppendix DLandscape DesignLandscape designers often use coordinate geometry and algebra as they help their clients. In manyregions, landscape design is a growing field. With the increasing popularity of do-it-yourself televisions
Bloomsburg - ECON - 156
Erin StancickEconomics 156Midterm Exam 11. Evaluate the expression if m= 2, n= -3 and p= 25a) 5p(n+3m ) = 5(25) (-3+3(2) ) = 125(-3+3(4) = 5 x 25 x 9 = 1125b) (2n-3m) = (2(-3)-3(2) = (-6-6) = -12p2555c) |6-(-5)|+|12-24| = 11+12 = 232. Write the
York University - CHEM - 2020
York University - CHEM - 2020
York University - CHEM - 2020
York University - CHEM - 2020
York University - CHEM - 2020
University of Phoenix - IT 205 - 205
PhoenixRace and Ethnicity inthe United States.Capstone CheckpointAmy Dyer7/21/2011Capstone CheckpointTwo hundred thirty years ago, a group of men for a part from the grip of the Old world wrote adeclaration that has been the seminal vein of hope i
Waterloo - MATH - 135
MATH 135, Fall 2010Solution of Assignment #5Problem 1. Find the prime factorization of each of the following integers.(a) 20!.(b) 250 .Solution.(a) First, let us describe a method for nding the exponent of a prime p in the prime factorization of n!
Waterloo - MATH - 135
MATH 135, Fall 2010Solution of Assignment #6Problem 1. Most recent books are identied by their International Standard Book Number, orISBN, which is a 10-digit number, separated into four blocks. The ISBN for our course text bookis 0-13-184868-2. Here
Waterloo - MATH - 135
MATH 135, Fall 2010Solution of Assignment #9Problem 1. Suppose that p and q are prime numbers with p > q . Suppose also that n = pq and(n) = (p 1)(q 1).(a) Prove that p + q = n (n) + 1 and p q = (p + q )2 4n.(b) If n = 1 281 783 203 and (n) = 1 281 7
Waterloo - MATH - 135
MATH 135, Fall 2010Assignment #11Not to be handed inProblem 1. Prove directly that if z = rei and w = sei , thenzw= r ei() .sProblem 2. Express each of the following complex numbers in standard form.(a) 4 ei 5/3(b) (1 + i 3)10(c) 5 ei , where =
Waterloo - MATH - 135
MATH 135, Fall 2010Solution of Assignment #11Problem 1. Prove directly that if z = rei and w = sei , thenzw= r ei() .sSolution.r ei iesr cos + i sin =s cos + i sin r (cos + i sin )(cos i sin )=s (cos + i sin )(cos i sin )r (cos cos + sin
Waterloo - MATH - 135
Math 135 : Algebra Fall 2010 Midterm information1Date: Monday, October 18, 2010Time: 7:00pm-8:30pmLocation: Contact your instructor.Coverage: Chapter 1, and 4, and Sections 2.1 and 2.2Preparation: You can solve problems similar to those in the text a
Waterloo - MATH - 135
1b1: World War II and Bletchley ParkI will begin this story with my father, Evo Furino, and my uncle, Gerald Merchant.Both fought in World War II, where this episode is set.Neither man had ever heard of Bill Tutte but their lives depended upon the work
Waterloo - MATH - 135
MATH 135 Algebra, The Euclidean Algorithm with Back SubstitutionTheorem: (The Euclidean Algorithm With Back-Substitution) Let a and b be integers.Then d = gcd(a, b) does exist, and there exist integers s and t such that as + bt = d. Theproof provides e
Waterloo - MATH - 135
MATH 135 Algebra, Assignment 1Due: Wed Sept 23, 8:30 amx1.=1+x3 xwith 0 < x 1 for x in terms of y .1: (a) Find all real numbers x such that(b) Solve y = x +1x2: (a) Find all ordered pairs of integers (x, y ) such that xy = 6 + 2x.(b) Find al