An answer is given on the slide following each question. Module 1: Check Your Understanding

Check Your Understanding Essentials of Business Law It is necessary for the average person to understand some of the general principles of law. True or False?

Check Your Understanding Essentials of Business Law It is necessary for the average person to understand some of the general principles of law. True or False?

Check Your Understanding Essentials of Business Law The process of a court deciding whether a law is contrary to the constitution is known as judicial review. True or False?

Check Your Understanding Essentials of Business Law The process of a court deciding whether a law is contrary to the constitution is known as judicial review. True or False?

Check Your Understanding Essentials of Business Law Court decisions are recorded in writing so that lawyers and judges can refer to them in preparing or hearing a case. True or False?

Check Your Understanding Essentials of Business Law Court decisions are recorded in writing so that lawyers and judges can refer to them in preparing or hearing a case. True or False?

Check Your Understanding Essentials of Business Law Each amendment of the federal constitution needs to be ratified by the legislatures of half of the 50 states. True or False?

Check Your Understanding Essentials of Business Law Each amendment of the federal constitution needs to be ratified by the legislatures of half of the 50 states. True or False?

Check Your Understanding Essentials of Business Law Many legal obligations are based on moral obligations, but not all moral obligations are legally enforceable. True or False?

Check Your Understanding Essentials of Business Law Many legal obligations are based on moral obligations, but not all moral obligations are legally enforceable. True or False?

Check Your Understanding Essentials of Business Law 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.

Check Your Understanding Essentials of Business Law 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.

Check Your Understanding Essentials of Business Law 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

Check Your Understanding Essentials of Business Law 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

Check Your Understanding Essentials of Business Law 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.

Check Your Understanding Essentials of Business Law 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.

Check Your Understanding Essentials of Business Law The laws passed by Congress and by state legislatures are called: A. statutes. B. executive orders. C. stare decisis. D. notices.

Check Your Understanding Essentials of Business Law The laws passed by Congress and by state legislatures are called: A. statutes. B. executive orders. C. stare decisis. D. notices.

Check Your Understanding Essentials of Business Law 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.

Check Your Understanding Essentials of Business Law 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.

Check Your Understanding Matching key terms, 1-7, p. 24. Essentials of Business Law Chapter 2-22

Check Your Understanding Matching key terms, 1-7, p. 24. Matching Key Terms 1. c 4. b 7. g 2. d 5. e 3. f 6. a Essentials of Business Law Chapter 2-23

Case Questions & Analysis Essentials of Business Law #44 p. 15. Civil Law

Case Questions & Analysis Essentials of Business Law #44 p. 15. Civil Law: a. Y b. Y c. Y

Case Questions & Analysis #39, False Pretenses, p. 41 #40, Bribery, p. 42 Essentials of Business Law Chapter 3-26

Case Questions & Analysis #39, False Pretenses, p. 41 #40, Bribery, p a. Y b. N c. N d. N 40. a. Y b. N c. N Essentials of Business Law Chapter 3-27

Case Questions and Analysis #34, p. 26, Ethical Responsibility Essentials of Business Law Chapter 2-28

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. Essentials of Business Law Chapter 2-29