Business Law Chapter 1 Test

20 Questions  I  By Kstargell
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 Business Law Chapter 1 Test
Test over Chapter 1 in Business Law.  

  
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Questions and Answers

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  • 1. 
    Laws grouped into an organized form are called __________________.
    • A. 

      Equity

    • B. 

      Code

    • C. 

      Common laws

    • D. 

      Statutes


  • 2. 
    Group of laws that degines rights and duties are __________________.
    • A. 

      Procedural law

    • B. 

      Code

    • C. 

      Jurisdiction

    • D. 

      Common law


  • 3. 
    Law made when an appellate court endorses a rule to be used ini deciding court cases is _______________________.
    • A. 

      Common law

    • B. 

      Case law

    • C. 

      Administrative law

    • D. 

      None of the above


  • 4. 
    Doctrine requiring lower courts to adhere to existing case law in making decisions is called ____________________.
    • A. 

      Laws

    • B. 

      Procedural law

    • C. 

      Ordiances

    • D. 

      Stare decisis


  • 5. 
    ___________________ is a group of laws defining the methods for enforcing legal rights and decisions. 
    • A. 

      Common law

    • B. 

      Administrative agencies

    • C. 

      Procedural law

    • D. 

      Case law


  • 6. 
    ________________ are enforced rules of conduct in a society.
    • A. 

      Statutes

    • B. 

      Laws

    • C. 

      Morals

    • D. 

      Values


  • 7. 
    Law based o the customs of a group are _________________.
    • A. 

      Criminal Law

    • B. 

      Equity

    • C. 

      Unconstitutional

    • D. 

      Common law


  • 8. 
    Laws enacted by state legislatures or federal legislatures are _______________.
    • A. 

      Statutes

    • B. 

      Rules

    • C. 

      Property

    • D. 

      Decided by the judge


  • 9. 
    Status of a law that conflicts with a constitution and which is therefore invalid are __________.
    • A. 

      Right

    • B. 

      Wrong

    • C. 

      Illegal

    • D. 

      Unconstitutional


  • 10. 
    Power of the court to decide a case is called _______________.
    • A. 

      Equity

    • B. 

      Administrative

    • C. 

      Rights

    • D. 

      Jurisdiction


  • 11. 
    Legislative enactments by a city are called _________________.
    • A. 

      Ordinances

    • B. 

      Order

    • C. 

      Curfews

    • D. 

      Judges laws


  • 12. 
    Government body formed to carry out particular laws are called ___________________.
    • A. 

      Cabinets

    • B. 

      Secretaries

    • C. 

      Administrative agencies

    • D. 

      Juries


  • 13. 
    Basic fariness is also called _________________.
    • A. 

      Honest

    • B. 

      Morals

    • C. 

      Values

    • D. 

      Equity


  • 14. 
    Power of a court to decide a case is called __________________.
    • A. 

      Order

    • B. 

      Rights

    • C. 

      Jurisdcition

    • D. 

      Decisions


  • 15. 
    The first ten amendments to the U.S. Constitution are known as the ________.
    • A. 

      Declaration of Independance

    • B. 

      Bill of Rights

    • C. 

      Add-ons

    • D. 

      Constitutions overides


  • 16. 
    As long as they are constitutionally valid, the laws of the various states
    • A. 

      Do have to be alike

    • B. 

      Do not have to be alike.


  • 17. 
    There are __________ stages in the growth of law.
    • A. 

      2

    • B. 

      3

    • C. 

      4

    • D. 

      5


  • 18. 
    ___________ is law dictated from above.
    • A. 

      Heavenly law

    • B. 

      Ritual law

    • C. 

      Grace law

    • D. 

      Positive law


  • 19. 
    _____________ is concerned with the rules that apply to business situations and transactions.
    • A. 

      Banking

    • B. 

      Business

    • C. 

      Legal

    • D. 

      Corporate


  • 20. 
    Sources of law include constitutions, statutes, cases decided by __________________, and regulations and rulings of administrative agencies. 
    • A. 

      Supreme courts

    • B. 

      Juvenile courts

    • C. 

      Family courts

    • D. 

      Appellate courts


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