TBCh03RF - CHAPTER 3 Courts, Sources of Law, and Dispute...

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C H A P T E R 3 Courts, Sources of Law, and Dispute Resolution T RUE -F ALSE Q UESTIONS 1. Federal judges are appointed for life. ANSWER: True SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 2. Court opinions are published in collections of court opinions called reporters. ANSWER: True SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 3. A cite such as 2004 WL 1208516 may be found on Westlaw. ANSWER: True SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 4. State trial courts generally have limited jurisdiction. ANSWER: False SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 5. There is no minimum monetary requirement for lawsuits involving a federal question. ANSWER: True SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 6. For diversity jurisdiction to exist there must be litigants from at least three different states. ANSWER: False SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 7. Jurisdiction over the location of property at issue in a lawsuit is called in rem jurisdiction. ANSWER: True SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 8. Negotiating business contracts by means of telephone calls or the mail is insufficient to provide state court with personal jurisdiction over an individual so long as the individual is out-of-state when such 32
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33 MANAGERS AND THE LEGAL ENVIRONMENT contacts are made. ANSWER: False SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 9. Parties may never agree in advance which law will govern a dispute in the event that one develops. ANSWER: False SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 10. Federal regulations and rules are printed in the Code of Federal Regulations which is revised and updated on a yearly basis. ANSWER: True SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 11. The process of questioning the witnesses is called voir dire . ANSWER: False SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 12. Jury challenges for cause are called preemptory challenges. ANSWER: False SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 13. Federal diversity jurisdiction exists when the controversy is between citizens of two different states and the amount in controversy exceeds $25,000. ANSWER: False SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 14. An en banc hearing is when all the judges of a court of appeals will sit together to hear a particularly important case. ANSWER: True SKILL LEVEL: AACSB Analytic OBJECTIVE: AICPA Legal 15. Long-arm statutes subject an out-of-state defendant to the jurisdiction of the court. ANSWER: True SKILL LEVEL: AACSB Analytic
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CHAPTER 3 COURTS, SOURCES OF LAW, AND DISPUTE RESOLUTION 34 OBJECTIVE: AICPA Legal 16. There are fifty-one U.S. Courts of Appeal, one for each of the states in the United States and one for the District of Columbia. ANSWER:
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TBCh03RF - CHAPTER 3 Courts, Sources of Law, and Dispute...

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