Business Law Chapter 1 Test
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Test over Chapter 1 in Business Law.
- 1.
- 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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