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Commercial Law Unit 1

Authored by harminie Thomas

Specialty

11th Grade

Used 3+ times

Commercial Law Unit 1
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33 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The science or philosophy of law is called?

Jurisprudence

theories of law

Ethics

Legislation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When all judges agree on a ruling, the opinion is deemed a what?

Dissenting opinion

Majority opinion

Concurring opinion

Unanimous opinion

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The____ facilitates commerce among the states by providing a set of rules to govern commercial transactions

Federal Trade Commission (FTC)

National Conference of Commissioners on Uniform State Laws (NCCUSL)

Securities and Exchange Commission (SEC)

Uniform Commercial Code (UCC)

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Any source of law that a court must follow, when deciding a case is referred to as a(n)?

Common law

Binding authority

Legal precedent

stare decisis

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A federal or local agency established to perform a specific function?

Administrative agency

Legislative body

Judicial committee

Executive department

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a source of law in most legal systems?

corporate policies

Religious texts

Judicial decisions (case law)

Economic models

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The primary purpose of commercial law is to:

Protect the environment

Regulate business practices and commercial transactions

Govern personal relationships

Determine criminal penalties

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