Test Bank For Business law Text and Cases Clarkson 12th Edition Chapter 1_52 Questions And Answers All in

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Chapter 1 Introduction to Law and Legal Reasoning N.B.: TYPE indicates that a question is new, modified, or unchanged, as follows. N A question new to this edition of the Test Bank. + A questio... n modified from the previous edition of the Test Bank. = A question included in the previous edition of the Test Bank. TRUE/FALSE QUESTIONS A1. The stability and predictability of the law is essential to business activities. ANSWER: T PAGE: 2 TYPE: = NAT: AACSB Analytic AICPA Critical Thinking A2. Law is a body of enforceable rules governing relationships among individuals and between individuals and their society. ANSWER: T PAGE: 2 TYPE: = NAT: AACSB Analytic AICPA Legal A3. A breach of a contract is a failure to perform it. ANSWER: T PAGE: 3 TYPE: N NAT: AACSB Ethics AICPA Critical Thinking A4. Constitutional law includes only the U.S. Constitution. 2 TEST BANK A—UNIT ONE: THE LEGAL ENVIRONMENT OF BUSINESS © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. ANSWER: F PAGE: 4 TYPE: = NAT: AACSB Analytic AICPA Legal CHAPTER 1: INTRODUCTION TO LAW AND LEGAL REASONING 3 © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. A5. A state constitution is supreme within the state’s borders. ANSWER: T PAGE: 4 TYPE: = [Show More]

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