QUESTION The decisions judges made in past court cases in similar areas, which become guides to handling new cases, are called what? A) statutes B) regulatory laws C) treaties D) trade agreements E) precedents ANSWER Answer: E Explanation: E) Precedents are the decisions judges made in past court cases in similar areas, which become […]
QUESTION When treaties and trade agreements do not cover points of contention between nations, which of the following bodies sometimes makes decisions that affect international business? A) the United Nations B) the United States C) the European Trade Union D) Canada E) the Peace Corps ANSWER Answer: A Explanation: A) Decisions of international organizations […]
QUESTION A case that began in a state administrative agency, such as a planning board, and then went to a state trial court, could go where next? A) to a U.S. appellate court B) to a federal trial court C) to a federal special court D) to the U.S. Supreme Court E) to a state […]
QUESTION The Consumer Product Safety Commission, the Environmental Protection Agency, and the Federal Communications Commission are all federal agencies with the power to create and enforce rules and regulations. They are all mainly involved with which type of law? A) common law B) statutory law C) international law D) administrative law E) national law […]
QUESTION Brenda had health insurance that paid 80 percent of hospitalizations and other costs. Brenda was sick with cancer for two years, requiring that she have two surgeries, chemotherapy, and radiation therapy. Brenda was unable to work for a good part of that time, but in 2011 she was healthy and returned to work as […]
QUESTION Which of the following is NOT one of the six conditions that make a contract legally enforceable? A) offer B) agreement C) consent D) consideration E) legality ANSWER Answer: A Explanation: A) The two of the six conditions that make a contract legally enforceable and that are missing from the list are capacity […]
QUESTION Sinead had a tree on her property that blocked Marlon’s view of the meadow across the street from his house. Marlon got more and more annoyed by the tree’s presence until the day he cut down the tree when Sinead was at work. Sinead is able to sue Marlon for intentional tort. Indicate whether […]
QUESTION Which of the following is NOT one of the eight types of business law? A) contract law B) consumer-protection law C) environmental law D) bankruptcy law E) property law ANSWER Answer: C Explanation: C) Environmental law is not one of the eight types of business law.
QUESTION Implied warranties include the premise that the product or service should deliver the promises advertised. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: Implied warranties include the premise that the product or service should deliver the promises advertised. They also include the premise that the product or service should […]
QUESTION For cases that are not solved in lower courts but keep getting passed up through the court system, what is the order of the type of court each case goes through? A) supreme courts, appellate courts, trial courts B) appellate courts, trial courts, supreme courts C) appellate courts, supreme courts, trial courts D) trial […]
