Chapter 1 Introduction to Law and Legal Reasoning

4421 WordsFeb 25, 201118 Pages
Chapter 1 Introduction to Law and Legal Reasoning TRUE/FALSE QUESTIONS A1. The stability and predictability of the law is essential to business activities. ANSWER: T PAGE: NAT: AACSB Analytic B1. 2 TYPE: AICPA Critical Thinking = An important function of the law is to provide jurisprudence. ANSWER: F PAGE: NAT: AACSB Reflective Thinking 2 TYPE: AICPA N Critical A2. Law is a body of enforceable rules governing relationships among individuals and between individuals and their society. ANSWER: T PAGE: NAT: AACSB Analytic 2 AICPA Legal TYPE: = B2. How judges apply the law to specific disputes may depend in part on their personal philosophical views. ANSWER: T PAGE: NAT: AACSB Reflective Thinking 2 TYPE: AICPA = Critical A3. The basis…show more content…
ANSWER: F PAGE: NAT: AACSB Analytic 10 AICPA Legal TYPE: = A15. A defendant is a person against whom a lawsuit is brought. ANSWER: T PAGE: NAT: AACSB Analytic 9 AICPA Legal TYPE: N B15. Stare decisis is a doctrine obligating judges to help persons who have failed to protect their own rights. ANSWER: F PAGE: NAT: AACSB Analytic 10 AICPA Legal TYPE: N A16. Courts do not depart from precedents. ANSWER: F PAGE: NAT: AACSB Reflective Thinking 10 TYPE: AICPA = Critical B16. A court may depart from a precedent if the precedent is no longer valid in view of changed technology. ANSWER: T PAGE: NAT: AACSB Reflective Thinking 11 TYPE: AICPA = Critical A17. How the courts interpret a statute determines how that statute is applied. ANSWER: T PAGE: NAT: AACSB Analytic 13 AICPA Legal TYPE: = B17. Common law is no longer a source of legal authority. ANSWER: F PAGE: NAT: AACSB Analytic 13 TYPE: AICPA Critical Thinking = A18. Criminal law focuses on duties that exist between persons. ANSWER: F PAGE: 14 TYPE: = 6 TEST BANK A—UNIT ONE: THE LEGAL ENVIRONMENT OF BUSINESS NAT: AACSB Analytic AICPA Legal B18. Courts often rely on the common law as a guide to interpreting legislation. ANSWER: T PAGE: NAT: AACSB Analytic 13 TYPE: AICPA Critical Thinking N A19. A reference to “28 U.S.C. Section 1332” means that a statute can be found in section 1332 of title 28 of the United States Code. ANSWER: T PAGE: NAT: AACSB Analytic 15 TYPE: AICPA

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