Law As A Foundation For Business

This question bank verified by Studydeets

All Questions

Question 1

Free

True/False

Law and "rule of law" are synonymous terms.

Choose correct answer/s

True

False

Check answer

Question 2

Free

True/False

Rule-of-law nations adopt laws supporting the private market because it is in everyone's interest, including the lawmakers'.

Choose correct answer/s

True

False

Check answer

Question 3

Free

True/False

Common property, applies to public resources owned by the government (or "state") like roads, public buildings, public lands, and monuments.

Choose correct answer/s

True

False

Check answer

Question 4

Free

True/False

Contract law compensates owners whose resources are wrongfully harmed by the actions of others.

Choose correct answer/s

True

False

Check answer

Question 5

Free

True/False

The secret to economic prosperity and the wealth of nations lies in the foundation of property law and the legal system to implement it under the rule of law.

Choose correct answer/s

True

False

Check answer

Question 6

True/False

Jurisprudence is the rule of law.

Choose correct answer/s

True

False

To unlock the question

Question 7

True/False

Natural law theory asserts that law contains universal moral principles.

Choose correct answer/s

True

False

To unlock the question

Question 8

True/False

Sociological jurisprudence emphasizes that contemporary law should focus on legal principles that have withstood the test of time in a nation.

Choose correct answer/s

True

False

To unlock the question

Question 9

True/False

Jurisprudence refers to the general body of law interpretations by judges as different from legislation passed by legislators.

Choose correct answer/s

True

False

To unlock the question

Question 10

True/False

Legal realism is the idea that courts should understand the meaning of the Constitution relative to the times in which they interpret it.

Choose correct answer/s

True

False

To unlock the question

Question 11

True/False

The United Kingdom, the United States, Canada, Jamaica, India, Nigeria, New Zealand, and a few other countries-all colonized by England-follow the common law.

Choose correct answer/s

True

False

To unlock the question

Question 12

True/False

Civil law arose in the eleventh and twelfth centuries as the English monarch appointed royal judges to ride circuits around the English countryside and to resolve disputes in the name of the king (or queen).

Choose correct answer/s

True

False

To unlock the question

Question 13

True/False

Louisiana is the only state in the U.S. that follows a partial civil law system due to Louisiana's historical ties with France, a civil law nation.

Choose correct answer/s

True

False

To unlock the question

Question 14

True/False

Common law relies more on legislation than judicial decisions to determine what the law is.

Choose correct answer/s

True

False

To unlock the question

Question 15

True/False

In administrative law, a government official represents society, or "the people," and the official is responsible for seeking justice to achieve the ends of society.

Choose correct answer/s

True

False

To unlock the question

Question 16

True/False

Although property law is categorized as one kind of private law; in our legal system, it is at the heart of both public and private law.

Choose correct answer/s

True

False

To unlock the question

Question 17

True/False

Contract law often but not always requires actual injury to the owner's resources.

Choose correct answer/s

True

False

To unlock the question

Question 18

True/False

Legislation passed by the Congress is called a statute or an act.

Choose correct answer/s

True

False

To unlock the question

Question 19

True/False

The Second Amendment to the Constitution holds that "No State shall . . . deprive any person of life, liberty or property without due process of law."

Choose correct answer/s

True

False

To unlock the question

Question 20

True/False

Disadvantages of case law do not destroy the benefits of certainty, predictability, and stability provided by case law and stare decisis.

Choose correct answer/s

True

False

To unlock the question