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Chapter 1
TRUE/FALSE QUESTIONS
B1. Laws and government regulations affect almost all business activities.
B2. The U.S. Constitution is the basis of all law in the United States.
B3. The U.S. Constitution reserves to the federal government all powers not
granted to the states.
B4. The Uniform Commercial Code has been adopted in all fifty states.
B5. Federal agency regulations take precedence over conflicting state agency
regulations.
1
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accessible website, in whole or in part.
B6. Common law is a term for the laws that are familiar to most of us.
B8. Stare decisis is a doctrine obligating judges to help persons who have failed to
protect their own rights.
B11. Although cases may be similar, no two cases are ever identical in all respects.
B12. Each judge had his or her personal beliefs and philosophy, which shape the
legal reasoning process.
© 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly
accessible website, in whole or in part.
CHAPTER 1: LAW AND LEGAL REASONING 3
B14. The courts, in interpreting statutory law, often rely on the common law as a
guide to what the legislators intended.
B16. Procedural law consists of all laws that outline the methods of enforcing rights.
B17. A citation identifies the publication in which a legal authority can be found.
B18. The decisions made by the courts establish the boundaries of the law as it
applies to almost all business relationships.
B19. The party against whom a lawsuit is brought is the plaintiff or petitioner.
B20. When all the judges (or justices) agree on a decision, a majority opinion is
written for the entire court.
© 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly
accessible website, in whole or in part.
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