BUSAD 120 - Business Law » Winter 2024 » Worksheet 01.1 Sources of American Law & The Common Law Tradition

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Question #1
One primary source of American law is:
A.   the Declaration of Independence.
B.   the Magna Carta.
C.   the U.S. Constitution.
D.   the United Nations Universal Declaration of Human Rights.
Question #2
A state's constitution is a primary source of law in that state.
A.   FALSE
B.   TRUE
Question #3
Of all U.S. laws, including state laws, the U.S. Constitution
A.   is the only source of statutory law
B.   is the only law that is codified
C.   is the only document considering entirely of Administrative Law
D.   is considered the supreme over all others
Question #4
Statutes are enacted by either the U.S. _________ or state __________.
A.   Congress, agencies
B.   House of Lords, commissions
C.   Congress, legislatures
Question #5
When the U.S. Congress passes federal statutes, states are not obligated to follow them.
A.   TRUE
B.   FALSE
Question #6
The _______ is a uniform law adopted by all states that facilitates business transactions.
A.   Uniform Negotiable Instruments Code
B.   Unifrom Commercial Code
C.   Interstate Commerce Code
D.   Model Uniform Business Practices Act
Question #7
Which of the following is not true of administrative agencies:
A.   They create regulations which function like laws.
B.   They can be created under the power of the executive branch or Congress.
C.   They are prohibited from adjudicating disputes regarding their own regulations.
D.   They perform specific government functions delegated to them by the legislature.
Question #8
The Federal Trade Commission is an example of a(n)
A.   dependent agency under the executive branch
B.   congressional committee
C.   state agency
D.   independent regulatory agency
Question #9
Enabling legislation:
A.   creates a subdivision of Congress, made up of Senators and Representatives, to oversee an issue.
B.   enables an administrative agency to ignore federal rules and make their own.
C.   enables the citizens of the United States to gain direct access to the federal courts.
D.   creates an administrative agency and gives the agency powers.
Question #10
A precedent is a decision that furnishes an example or authority for deciding subsequent cases involving similar legal principles or facts.
A.   TRUE
B.   FALSE
Question #11
The Latin term stare decisis means:
A.   to stare on principle.
B.   to stand on decided cases.
C.   to stand on the statutory language.
D.   to stand as a witness.
Question #12
Match the following type of authority to its correct description. Persuasive authority
A.   A source of law that a court must follow when deciding a case.
B.   Any legal authority or source of law that a court may look to for guidance but does not need to follow when making a decision.
Question #13
Match the following type of authority to its correct description. Binding authority
A.   Any legal authority or source of law that a court may look to for guidance but does not need to follow when making a decision.
B.   A source of law that a court must follow when deciding a case.
Question #14
A binding authority does NOT include
A.   applicable constitutions
B.   governing regulations
C.   court decisions from a higher court in the jurisdiction
D.   applicable statutes
E.   opinions from experts in the field
Question #15
Remedies ____________ include specific performance.
A.   at law
B.   in equity
C.   in absentia
Question #16
Today, most jurisdictions maintain separate courts of equity and courts of law.
A.   FALSE
B.   TRUE

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