Transcript Module 1: Check Your Understanding

Module 1: Check Your Understanding
An answer is given on the slide following each
question.
Check Your Understanding
 It is necessary for the average person to understand some of
the general principles of law.
 True or False?
Essentials of Business Law
Check Your Understanding
 It is necessary for the average person to understand some of
the general principles of law.
 True or False?
Essentials of Business Law
Check Your Understanding
 The process of a court deciding whether a law is contrary to
the constitution is known as judicial review.
 True or False?
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Check Your Understanding
 The process of a court deciding whether a law is contrary to
the constitution is known as judicial review.
 True or False?
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Check Your Understanding
 Court decisions are recorded in writing so that lawyers and
judges can refer to them in preparing or hearing a case.
 True or False?
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Check Your Understanding
 Court decisions are recorded in writing so that lawyers and
judges can refer to them in preparing or hearing a case.
 True or False?
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Check Your Understanding
 Each amendment of the federal constitution needs to be
ratified by the legislatures of half of the 50 states.
 True or False?
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Check Your Understanding
 Each amendment of the federal constitution needs to be
ratified by the legislatures of half of the 50 states.
 True or False?
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Check Your Understanding
 Many legal obligations are based on moral obligations, but
not all moral obligations are legally enforceable.
 True or False?
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Check Your Understanding
 Many legal obligations are based on moral obligations, but
not all moral obligations are legally enforceable.
 True or False?
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Check Your Understanding
 The person against whom a lawsuit is brought or who is
charged with a violation of the law is called a:
A. defendant.
B. plaintiff.
C. judgment debtor.
D. decree holder.
Essentials of Business Law
Check Your Understanding
 The person against whom a lawsuit is brought or who is
charged with a violation of the law is called a:
A. defendant.
B. plaintiff.
C. judgment debtor.
D. decree holder.
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Check Your Understanding
 In the United States, how many types of powers do the
federal Constitution and state constitutions confer on the
government?
A. Eight
B. Six
C. Four
D.Two
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Check Your Understanding
 In the United States, how many types of powers do the
federal Constitution and state constitutions confer on the
government?
A. Eight
B. Six
C. Four
D. Two
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Check Your Understanding
 A court decision upon which courts later rely in similar cases
is known as a(n):
A. precedent.
B. example.
C. judicial review.
D. statutory review.
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Check Your Understanding
 A court decision upon which courts later rely in similar cases
is known as a(n):
A. precedent.
B. example.
C. judicial review.
D. statutory review.
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Check Your Understanding
 The laws passed by Congress and by state legislatures are
called:
A. statutes.
B. executive orders.
C. stare decisis.
D. notices.
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Check Your Understanding
 The laws passed by Congress and by state legislatures are
called:
A. statutes.
B. executive orders.
C. stare decisis.
D. notices.
Essentials of Business Law
Check Your Understanding
 A law that is passed by a local government, such as a
city council, is often called a(n):
A. ratio decidendi.
B. obiter dicta.
C. ordinance.
D. stare decisis.
Essentials of Business Law
Check Your Understanding
 A law that is passed by a local government, such as a
city council, is often called a(n):
A. ratio decidendi.
B. obiter dicta.
C. ordinance.
D. stare decisis.
Essentials of Business Law
Check Your Understanding
 Matching key terms, 1-7, p. 24.
hapter 2-22 Essentials of Business Law
Check Your Understanding
 Matching key terms, 1-7, p. 24.
 Matching Key Terms
 1. c 4. b
 2. d 5. e
 3. f 6. a
hapter 2-23 Essentials of Business Law
7. g
Case Questions & Analysis
 #44 p. 15. Civil Law
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Case Questions & Analysis
 #44 p. 15. Civil Law:
a. Y b. Y
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c. Y
Case Questions & Analysis
 #39, False Pretenses, p. 41
 #40, Bribery, p. 42
hapter 3-26 Essentials of Business Law
Case Questions & Analysis
 #39, False Pretenses, p. 41
 #40, Bribery, p. 42
 39. a. Y
 40. a. Y
hapter 3-27 Essentials of Business Law
b. N
b. N
c. N
c. N
d. N
Case Questions and Analysis
 #34, p. 26, Ethical Responsibility
hapter 2-28 Essentials of Business Law
Case Questions and Analysis
 #34, p. 26, Ethical Responsibility
 Issue: Ethical Responsibility
 Rule: Ethics refer to philosophical principles that
distinguish right from wrong.
 Application: The case presents ethical principles
and, depending on local statutes that might require
each article of merchandise to be price marked, a
legal principle as well.
 Conclusion: It can be argued that failure to price
mark each item would compromise customers’
interests that might be regarded as unethical.
hapter 2-29 Essentials of Business Law