BUS 115 - Unit 1 Review

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Business
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University
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Medium

Matt Baldwin
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16 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The UCC is a uniform law that most states have adopted to govern commercial transactions.
True
False
Answer explanation
The UCC was first issued in 1952 and has been adopted in all fifty states, the District of Columbia, and the U.S. Virgin Islands. The UCC facilitates commerce among the states by providing a uniform, yet flexible, set of rules governing commercial transactions.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The Bill of Rights embodies
a series of protections for the individual against government action.
payment in the form of taxes by business entities to obtain certain rights.
the privileges and immunities of the citizens in the several states.
rights established under deeds, wills, contracts, and similar instruments.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Mary creates a t-shirt design that expresses support for Nash, a presidential candidate, and distributes t-shirts to all of her friends. The t-shirts are an example of
unprotected speech
commercial speech
symbolic speech
illegal speech
Answer explanation
Symbolic speech - gestures, movements, articles of clothing, and other forms of expressive conduct - is also given substantial protection by the courts.
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The Fifth Amendment allows persons to be deprived of property without due process of law.
True
False
Answer explanation
The Fifth Amendment guarantees the rights to indictment (formal accusation) by a grand jury, to due process of law, and to fair payment when private property is taken for public use. The Fifth Amendment also prohibits compulsory self-incrimination and double jeopardy (prosecution for the same crime twice).
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Stare decisis is best defined as
a doctrine under which judges follow established precedents.
the authority to decide a specific dispute.
a judicial proceeding to redress a wrong.
a situation giving a person a right to initiate a judicial proceeding.
Answer explanation
Stare Decisis is the practice of deciding new cases with reference to former decisions (precedents) has become a cornerstone of the U.S. judicial system.
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Kari and Lillian, who are citizens of Mississippi, are involved in a case related to the adoption of their child. Regarding jurisdiction of this case, Mississippi state courts have:
concurrent jurisdiction with federal courts.
concurrent jurisdiction with other state courts.
exclusive jurisdiction.
no jurisdiction.
Answer explanation
Generally, a court with jurisdiction over a particular geographic area can exercise personal jurisdiction (in personam jurisdiction) over any person or business that resides in that area. Also, state courts have exclusive jurisdiction over certain subject matters, including divorce and adoption.
7.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Bob is a resident of Ohio and is involved in a car accident with Joan who is a resident of Kentucky. The accident takes place in Indiana. Where can Bob bring a suit against Joan? Select all applicable answers.
Indiana
Ohio
Kentucky
Federal Court
Answer explanation
If an out-of-state defendant caused an automobile accident or sold defective goods within the state, for instance, a court will usually find that minimum contacts exist to exercise jurisdiction over the defendant.
Federal district courts can also exercise jurisdiction over cases involving diversity of citizenship if the plaintiff and defendant are residents of different states and the dollar amount is over $75,000. In this case, we don't know how much money is involved so diversity of citizenship could apply.
This is an example of concurrent jurisdiction where either the states or federal courts could have jurisdiction.
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