BusLaw: CH01

The laws, or enforceable rules of conduct in a society, do not reflect the culture and circumstances that create them.

• True

• False

Laws in the country are created only at the federal and state levels of government.

• True

• False

The Supreme Court of the United States is the final interpreter of the federal Constitution.

• True

• False

The world’s two great systems of law are the English common law and the Napoleonic Code.

• True

• False

Intrastate commerce is commerce between two or more states.

• True

• False

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

• True

• False

The Uniform Commercial Code (UCC) is a federal statute.

• True

• False

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

• True

• False

The doctrine of stare decisis requires lower courts to follow established case law in deciding similar cases.

• True

• False

In the United States today, law courts and equity courts generally are merged.

• True

• False