Business Law - Chapter 1 - Foundations of Law

The laws, or enforceable rules of conduct in a society, reflect the culture and circumstances that create them.

• True

• False

Laws in this country are created at the federal, state and local level.

• True

• False

The Supreme Court of the US is the final interpreter of the federal Constitution.

• True

• False

Ethical reasoning about right and wrong is based solely on consequences.

• True

• False

Administrative agencies are usually controlled by the executive branch of the government.

• True

• False

The goal of civil disobedience is to advance the self-interest of one group over another.

• True

• False

The system of law in the US is based on English common law.

• True

• False

Stare Decesis requires upper courts to follow established case law in deciding similar cases.

• True

• False

In the US, law and equity courts generally

• stand alone

• are merged

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

• a constitution

• an ordinance

• the Uniform Commercial Code

• the Bill of Rights