Business Law Quiz

w 1. | | | In deciding a case, a court will not use common law if there is a statute that applies to the dispute. | | Student Response | Value | Correct Answer | False | 0% | True | | Score: | 0/2.5 | | | 2. | | | Dicta is another term for “controlling precedent.” | | Student Response | Value | Correct Answer | False | 100% | False | | Score: | 2.5/2.5 | | | 3. | | | One of the important powers of courts in the United States is to interpret legislation. | | Student Response | Value | Correct Answer | True | 100% | True | | Score: | 2.5/2.5 | | | 4. | | | Bill sued Ted for libel over statements Ted published in the company newsletter. A jury heard the case and found that no libel had occurred because the statements were true. Bill is very unhappy with this decision, but cannot sue Ted again over these statements because of the doctrine of | | | Student Response | Value | Correct Answer | Feedback | A. | Judicial restraint | 0% | | | B. | Prior restraint | | | | C. | Stare decisis | | | | D. | Res judicata | | | | | Score: | 0/2.5 | | | 5. | | | Many areas of law important to businesses are governed by the Uniform Commercial Code. | | Student Response | Value | Correct Answer | True | 100% | True | | Score: | 2.5/2.5 | | | 6. | | | The Executive, Legislative, and Judicial branches of the federal government each have their own unique duties and functions. This arrangement constitutes a(n)__________separation of powers. | | | Student Response | Value | Correct Answer | Feedback | A. | Vertical | | | | B. | Horizontal | | | | C. | Transitional | | | | D. | Equitable | 0% | | | | Score: | 0/2.5 | | | 7. | | | The town of Somerset passed a law forbidding parking on Main Street between the hours of 9:00 a.m. and 4:00