Introduction To Business Law Quiz Part- I

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  • 1/10 Questions

    Each legal norm consists of two main elements:

    • Disposition and sanation
    • Hypothesis of disposition and sanction
    • Disposition and sanction
    • Hypothesis of sanction and sanction
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About This Quiz

Introduction To Business Law Quiz Part- I assesses understanding of legal norms, systems, and elements. It covers continental, Anglo-Saxon, and religious-traditional law systems, enhancing knowledge pertinent to legal studies and business law.

Introduction To Business Law Quiz Part- I - Quiz

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  • 2. 

    The pramble is a...

    • Normative part of a constitution

    • Substantive part of a constitution

    • Introductory part of a constitution

    • Fundamental part of a constitution

    Correct Answer
    A. Introductory part of a constitution
    Explanation
    The preamble is the introductory part of a constitution. It typically states the purpose, goals, and principles of the constitution. It sets the tone for the rest of the document and provides a general overview of the values and aspirations of the nation. While it may contain some normative or substantive elements, its primary function is to introduce and provide context for the constitution as a whole.

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  • 3. 

    Elements of the system of law are:

    • Legal norm, legal institution, source of law and field of law

    • Legal norm, legal institution, brand of law and field of law

    • Legal norm, legal institution, source of law and branch of law

    • Legal norm, legal institution, branch of law and field of law

    Correct Answer
    A. Legal norm, legal institution, branch of law and field of law
    Explanation
    The correct answer is "legal norm, legal institution, branch of law and field of law". This answer accurately identifies the elements of the system of law. A legal norm refers to the rules and principles that govern behavior in a society. A legal institution is an organization or entity that enforces and administers the law. Branch of law refers to the different categories or areas of law, such as criminal law, civil law, or constitutional law. Field of law refers to the specific subject matter or specialization within a branch of law, such as family law or corporate law.

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  • 4. 

    The hierarchy of sources of law (from highest to lowest legal force):

    • Constitution, acts, bylaws, precedent, general doc. of non-state organizations, customs and court documents

    • Constitution, acts, bylaws, general doc. of non-state organizations, customs and court documents

    • Constitution, acts, bylaws, general doc. of non-state organizations, court organs and court documents

    • Constitution, bylaws, acts, general doc. of non-state organizations, customs and court documents

    Correct Answer
    A. Constitution, acts, bylaws, general doc. of non-state organizations, customs and court documents
    Explanation
    The correct answer is "constitution, acts, bylaws, general doc. of non-state organizations, customs and court documents." This answer correctly orders the hierarchy of sources of law from highest to lowest legal force. The constitution is the highest source of law, followed by acts and bylaws. General documents of non-state organizations come next, followed by customs and finally court documents.

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  • 5. 

    There are three major systems of law in the world and those are:

    • Continental European, Anglo-Saxon and Religious-Traditional

    • Common-European, Anglo-Saxon and Religious-Traditional

    • Continental European, Anglo-Saxon and Common-Law

    • Continental Euroasian, Anglo-Saxon and Religious-Traditional

    Correct Answer
    A. Continental European, Anglo-Saxon and Religious-Traditional
    Explanation
    The correct answer is Continental European, Anglo-Saxon and Religious-Traditional. These three major systems of law are recognized and practiced in different parts of the world. Continental European law is based on civil law, which is derived from Roman law and is followed in countries such as France, Germany, and Italy. Anglo-Saxon law, also known as common law, is based on legal precedents and is followed in countries like the United Kingdom, the United States, and Canada. Religious-Traditional law is based on religious texts and is followed in countries where religion plays a significant role in legal matters, such as Islamic law in some Middle Eastern countries.

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  • 6. 

    The possibility of a subject of law to bear powers and obligations is called its

    • Business capacity

    • Legal capacity

    • Legal subjectivity

    • Willingness to interact into a legal procedure

    Correct Answer
    A. Legal capacity
    Explanation
    Legal capacity refers to the ability of a subject of law to bear powers and obligations. It is the capacity of an individual or entity to have rights and responsibilities, and to be recognized as a legal entity. Legal capacity allows a subject of law to enter into contracts, sue or be sued, and exercise other legal rights and obligations. It is an essential concept in legal systems as it determines the ability of individuals or entities to participate in legal proceedings and be bound by the law.

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  • 7. 

    A legal person is...

    • Created with payed investment, and ceases with lost of the initial investment

    • Created by establishment, and ceases with detention from a proper registry

    • Created by endowment, and ceases with deletion from a proper registry

    • Created by establishment, and ceases with deletion from a proper registry

    Correct Answer
    A. Created by establishment, and ceases with deletion from a proper registry
    Explanation
    A legal person is created by establishment, meaning it is formed or incorporated through a proper legal process. It ceases to exist when it is deleted or removed from a proper registry, indicating that its legal status is terminated or revoked.

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  • 8. 

    Individual legal norms are those addressed...

    • Precisely to a kind of legal relationship

    • Precisely to the named as the subject of a particular business field

    • Precisely to the named as the subject of a particular relationship

    • Precisely to the named as the subject that is to execute the norm

    Correct Answer
    A. Precisely to the named as the subject of a particular relationship
    Explanation
    Individual legal norms are those addressed precisely to the named as the subject of a particular relationship. This means that these norms are specifically designed to regulate the behavior and obligations of individuals involved in a specific type of legal relationship. These norms are tailored to the unique dynamics and requirements of that particular relationship, ensuring that the rights and responsibilities of the individuals involved are properly defined and protected.

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  • 9. 

    Dispositive legal norms are those that...

    • Leave subjects full freedom to regulate mutual relations they are involved in

    • Bind to one out of a few anticipated rules of conduct

    • Leave subjects full freedom to regulate different relations(freedom within legal order framework)

    • Leave subjects full freedom to regulate mutual relations(freedom within legal order framework)

    Correct Answer
    A. Leave subjects full freedom to regulate mutual relations(freedom within legal order framework)
    Explanation
    Dispositive legal norms are those that leave subjects full freedom to regulate mutual relations within the framework of the legal order. This means that individuals have the freedom to determine their own rules and agreements in their interactions with others, as long as they do not violate any existing laws or regulations. These norms provide flexibility and allow for individual autonomy while still maintaining a legal framework to ensure order and fairness.

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  • 10. 

    A court ruling is (or may be)...

    • An individual legal document

    • A general legal document

    • Both general and individual legal document

    • A legal transaction

    Correct Answer
    A. Both general and individual legal document
    Explanation
    A court ruling can be considered both a general and individual legal document because it applies to a specific case or individual, but it also sets a precedent that can be used as a guide for future similar cases. It provides a legal decision that not only resolves the immediate dispute but also establishes a legal principle that can be applied in other similar situations. Therefore, a court ruling has both specific implications for the parties involved and broader implications for the legal system as a whole.

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  • Current Version
  • Feb 06, 2024
    Quiz Edited by
    ProProfs Editorial Team
  • Nov 03, 2011
    Quiz Created by
    Stevanche
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