8e ch 1Cross--The Legal Environment of Business_Text and Cases 8e

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You can buy the complete file from Chapter 1Business andIts Legal EnvironmentN.B.: TYPE indicates that a question is new, modified, or unchanged, as follows.NA question new to this edition of the Test Bank.+A question modified from the previous edition of the Test Bank.=A question included in the previous edition of the Test Bank.TRUE/FALSE QUESTIONSA1.The stability and predictability of the law is essential to businessactivities.
PAGE:2TYPE:=NAT: AACSB AnalyticAICPA Critical ThinkingA2.Law is a body of enforceable rules governing relationships amongindividuals and between individuals and their society.
PAGE:2TYPE:=NAT: AACSB AnalyticAICPA LegalA3.A breach of a contract is a failure to perform it.
PAGE:3TYPE:NNAT: AACSB EthicsAICPA Critical ThinkingA4.Constitutional law includes only the U.S. Constitution.You can buy the complete file from
2TEST BANK A—UNIT ONE: THE FOUNDATIONSANSWER:FPAGE:4TYPE:=NAT: AACSB AnalyticAICPA Legal
CHAPTER 1: BUSINESS AND ITS LEGAL ENVIRONMENT 3A5.A state constitution is supreme within the state’s borders.
PAGE:4TYPE:=NAT: AACSB AnalyticAICPA LegalA6.Whether a law is constitutional depends on its source.
PAGE:4TYPE:=NAT: AACSB AnalyticAICPA LegalA7.Uniform laws apply in all states, including those in which the lawshave not been adopted.
PAGE:4TYPE:=NAT: AACSB AnalyticAICPA LegalA8.A state law that conflicts with the U.S. Constitution will be deemedunconstitutional.
PAGE:4TYPE:=NAT: AACSB AnalyticAICPA LegalA9.Statutory law does not include county ordinances.
PAGE:4TYPE:=NAT: AACSB ReflectiveAICPA LegalA10.No state has adopted the Uniform Commercial Code in its entirety.
PAGE:5TYPE:=NAT: AACSB ReflectiveAICPA LegalA11.Common law is a term for law that is common throughout the world.
PAGE:7TYPE:=NAT: AACSB AnalyticAICPA Critical ThinkingA12.Damages is a remedy at law.
PAGE:7TYPE:=NAT: AACSB AnalyticAICPA Legal
4TEST BANK A—UNIT ONE: THE FOUNDATIONSA13.Remedies in equity include injunctions and decrees of specificperformance.
PAGE:7TYPE:=NAT: AACSB AnalyticAICPA LegalA14.In most states, the courts no longer grant “equitable” remedies.
PAGE:8TYPE:=NAT: AACSB AnalyticAICPA Legal

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