Business Law Chapter 1

When you purchase a car, you are required to pay for license plates within 30 days this is an example of

• statute

• ordinance

• case law

• none of these

You purchase a car but find out later that it has major engine problems that the salesperson did not tell you about what type of law would this be?

• Civil

• Criminal

• both

• neither

The document that sets forth the framework of a government and its relationship to the people it governs is

• the Bill of Rights

• an ordinance.

• a constitution.

• the Uniform Commercial Code.

The first of the four stages of law is

• Revenge for wrong done

• Measures taken to prevent wrongs from happening

• Money or property substituted for revenge

• Court are created

If a state constitution and the U.S. Constitution conflict, which prevails?

• the U.S. Constitution

• neither prevails—the matter is referred to Congress

• the state constitution

• either prevails—the matter is referred to the President

Which is the 4th step in the stages of law?

• Revenge for wrongs

• Action taken to prevent wrongs

• Courts created

• Revenge replaced with money or property

Which of these is based on the current standards or customs of the people?

• civil law

• positive law

• codes

• common law

The panel of citizens chosen to help interpret a region’s customs for a court is referred to today as a(n)

• jury

• agency.

• factual panel.

• court.

Which of these terms describes using prior cases as a guide for deciding similar new cases?

• injunction

• code

• precedent

• jurisdiction

Business law mainly is concerned with ___________________ governing contracts, property, and many other business-related areas.

• civil law

• criminal law

• substantive law

• procedural law