Business Law Chapter 1 and 2 Quiz

Which of the following is not a source of American Law?

• Ordinance

• Case Law

• Common Law

• Society Rules

Which of the following is the Supreme Law of the Land?

• The Consitution

• Supreme Court Rulings

• Federal Statutes

• None of the Above

What types of laws are created through the legislative branch?

• Case Law

• Ordinances

• Statutes

• None of the Above

U.S. Congress in Washington D.C. passed the “Sarbanes-Oxley Act” What type of law is this?

• Case Law

• Federal Statute

• Civil Code

• All of the Above

   Which of the following is the purpose of the U.S. Constitution?

•     To ensure that all people are treated equally

• To establish the structure of our Government

• To establish Case Law

• All of the Above

Which of the following clauses establishes that the constitution, federal laws made pursuant to it, and treaties made under its authority, constitute the supreme law of the land.

• Privileges and Immunities Clause

• Full Faith and Credit Clause

• Supremacy Clause

• Takings Clause

A provision in Article IV, Section 1, of the U.S. Constitution that ensures that rights established under deeds, wills, contracts, and similar instruments in one state will be honored by other states and that judicial decisions will be honored and enforced in all states is called:

• Full Faith and Credit Clause

• Supremacy Clause

• Taking Clause

• Commerce Clause

The provision in Article I, Section 8, of the U.S. Constitution that gives Congress the power to regulate interstate commerce is called:

• Privileges and Immunities Clause

• Supremacy Clause

• Takings Clause

• Commerce Clause

Which clause in the constitution gives the government the right to regulate business?

• Commerce Clause

• Business Clause

• Small Business Administration Clause

• Takings Clause

The system under which the powers of the federal government are divided among three separate branches—the executive, legislative, and judicial branches—each of which exercises a check on the actions of the others is called _______

• Separation Clause

• Executive Branch

• Legislative Branch

• Checks and Balances