Cengage Advantage Books: Essentials of the Legal Environment, 4th Edition Test Bank

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Highlightsof thisTest BankThisTest Bankcontains more than1,400questionsEach Chapter of thisTest Bankincludes—True-FalseQuestionsandMultiple-ChoiceQuestions,includingHypotheticals & Fact Patterns with series of questions, andEssayQuestionsAnswersto all questionsReferencesto the specific pages of the text that discuss the law relating tothe questions & answersAnAnnotation Systemthat lets you know when thequestion is:new (N),revised from the last edition (+), or the same as in the last edition (=).AnAnnotation Systemthat tells you whichAACSB Skill,Tier I Standard,Learning Objective,Bloom’s Taxonomy,Difficulty Level,andAICPASkilleach question fulfills.Each Unit of thisTest Bankincludes—A special appendix with questions onall in-chapter featuresThisTest Bankis also available onExamView® Pro, the acclaimed computerizedtesting system.WithExamView® Pro, instructors can—SetupthePage Layoutfor testsAdd or Editquestions & answers andSelectquestions at random or bynumberViewsummaries of the test or theTest Bankchapters

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Printtests in a variety of formats

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viiPREFACEThe following test bank contains approximately 70 true/false and multiple choice questions along withtwo essay questions for each chapter for a total of over 1,400 questions.The answer is given underneath each question.A page reference number is supplied.This pagereference number indicates where inEssentials of the Legal Environment,Fourth Editionyou can direct thestudent to find the answer to each question.In addition you will also find an annotation system which lets you know when the question is: new (N),revised from the last edition (+), or the same as in the last edition (=). The test bank is tagged to reflect the skillsand competencies highlighted by the AACSB and the AICPA.This test bank is available as part of theInstructor’s Resource CD-ROM (IRCD)and the companionwebsite (www.cengagebrain.com).The Remainder of theEssentials of theLegal Environment,FourthEditionTeaching/Learning SystemELECTRONICSUPPLEMENTS ANDRESOURCESElectronic supplements and resources represent an important part of theEssentials of the Legal Environmentteaching/learning package. We offer adopters and students a wide variety of electronic supplements.Instructor’s Resource CD-ROM (IRCD)Included on this CD-ROM are the following supplements: Instructor’s Manual,Answers Manual, Test Bank,PowerPoint slides, ExamView, Instructor’s Manual for the Drama of the Law video series,Handbook ofLandmark Cases and Statutes in Business Law and the Legal Environment, Handbook on Critical Thinking inBusiness Law and the Legal Environment,andA Guide to Personal Law.Instructor’s ManualTheInstructor’s Manualhas the following format:•An introductory section, which highlights the main concepts andimportance of the law covered in thechapter.

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viiiPREFACE•A detailed, explanatory outline of the chapter contents, which is keyed closely to the text.•Answers to all of the Learning Objective/For Review questions and Critical Analysis questions.•Synopses of all cases, often accompanied by additional notes and comments, as well as questions to askin class and suggested answers to these questions.•Additional background on significant persons, statutes, and especiallyRestatementsthat are mentionedor referred to within the text.•Additional cases on relevant points of law.•Features on applications of the law to “Enhance Your Lectures”•Suggested answers to all video questions.•Teaching suggestions, including points to be stressed, hypothetical questions to elicit class discussion,and discussion questions keyed closely to the text and based on information contained within the text.•Suggested activities and research assignments.An electronic version of theInstructor's Manualis also available both on the IRCD and the companion Website (www.cengagebrain.com).Answers ManualThe completeAnswers Manualis available to all adopters.Each answer to the chapter-endingQuestionsand Case Problemsis presented in a standard format:•Point of Law and Page Reference—The point of law to which the problem relates is first stated in bold-face, followed by the page number or numbers at which the point of law is discussed in the particularchapter.•Answers to question or problem.In addition, for your convenience you will find the following:•Answers to Learning Objectives/For Review Questions at theBeginning and End of the Chapter•Answers to Critical Analysis Questions found at the end of In-Chapter Features•Answers to Critical Analysis Questions found at the end of In-Chapter Cases•“What If the Facts Were Different?” Questions at the ends of selected Cases in nearly everychapter.•Questions in the Reviewing Feature at the end of each chapter.•Answers to Issue Spotters in the ExamPrep Feature at the end of each chapter.•Questions and Case problems including Critical Thinking and Writing Assignments at the end ofeach chapter.ThisAnswers Manualis available both on theInstructor’s Resource CD-ROM (IRCD)and the companionwebsite (www.cengagebrain.com).ExamView® ProThe ExamView® Pro is program that enables instructors to quickly and easily create tests, enter their ownquestions, and customize the appearance of the tests they create. The program has the following features:•Add or edit questions, instructions, and answers.•Select questions by previewing the question on the screen.•Let the system select questions randomly.

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PREFACEix•Select questions by criteria.•The ability to import and export graphs•Formatting options, such as borders, fonts,styles, etc.•Set up the page layout for tests.•Print tests in a variety of formats.•The ability to link groups of questions to common narratives.•Online and Internet testing capabilities.•Password protection.This is available as part of theInstructor’s Resource CD-ROM (IRCD).PowerPoint SlidesThese slides are available as part of theInstructor’s Resource CD-ROM (IRCD)and can be downloaded fromthe companion website (www.cengagebrain.com).Essentials of the Legal Environment,FourthEdition Home PageA variety of Web-based study materials can be found at:www.cengagebrain.comBusiness Law Digital Video LibraryEssentials of the Legal EnvironmentincludesVideo Questionsat the end of selected chapters that can beused as homework assignments, discussion starters, or classroom demonstrations. Tied to our dynamicBusiness Law Digital Video Library, featuring more than90video clips that spark class discussion and clarifycore legal principles,these questions direct students to view a video relevant to a topic covered in thechapter. Students are then directed to a series of questions based on the video.An access code is requiredto view the videos and can be packagedwith each new copy of this textbook for no additional charge.Students who buy used texts can purchase an access code online atwww.cengagebrain.com.WESTLAWWestLaw, the premiere computerized legal-research system, is renowned for its ability to help law pro-fessors, law students, attorneys, and paralegals do research in the law. Qualified adopters ofEssentials ofthe Legal Environmentare allowed ten free hours of WestLaw.Contact your South-Western/CengageLearning representative for more details.CourseMateCourseMate for business law brings business law concepts to life with interactive learning, study, and exampreparation tools thatsupport the printed textbook. Built-in engagement tracking tools allow you to assessthe study activities of your students. Additionally, business law CourseMate includes an interactive online

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xPREFACEtextbook, which contains the complete content of the print textbook enhanced by the many advantages ofa digital environment.

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Test Bankto AccompanyEssentials of theLegal EnvironmentFourth EditionROGER LeROY MILLERInstitute for University StudiesArlington, TexasPrepared byWilliam Eric HollowellMember ofU.S. Supreme Court BarMinnesota State BarFlorida State BarRoger LeRoy MillerInstitute for UniversityStudiesArlington, Texas

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Test Bankto AccompanyEssentials of the Legal Environment,FourthEdition,by Roger LeRoy MillerEditorial Director:Jack CalhounEditor-in-Chief:Rob DeweySenior Acquisitions Editor:Vicky True-BakerSenior Developmental Editor:Jan LamarDirector, Marketing DevelopmentManager:Lisa L. LysneSenior BrandManager:Kristen HurdSenior Marking CommunicationsManager:Sarah GreberProduction Editor:Bill StrykerManufacturing Planner:Kevin KluckSenior Media Editor:Kristen MeereSenior Art Director:Michelle KunklerCOPYRIGHT © 2014by South-Western Cengage Learning,a division of Cengage Learning.Cengage LearningTMis a trademarkused herein under license.ISBN 10: 1-133-59031-4ISBN 13: 978-1-133-59031-4Printed in the United States ofAmerica1 23 4 567161514 13 12For more information contactSouth-Western Cengage Learning,5191 Natorp Boulevard,Mason, Ohio 45040.Or you can visit our Internet site at:www.cengage.comThe text of this publication, or anypart thereof, may be reproduced foruse in classes for whichEssentials ofthe Legal Environment,FourthEdition,by Roger LeRoy Milleris theadopted textbook. It may not bereproduced in any mannerwhatsoever for any other purposewithout written permission from thepublisher.For permission to use material fromthis text or product, submit yourrequests online atwww.cengage.com/permissions.Australia • Brazil • Japan • Korea • Mexico • Singapore • Spain • United Kingdom • United States

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vTable of ContentsPreface......................................................................................................................................viiUNIT ONE:The Foundations1Business and Its Legal Environment..............................................................................12The Courts and Alternative Dispute Resolution..........................................................213Ethicsand Business Decision Making..........................................................................414Constitutional Authority to Regulate Business...........................................................61Appendix A for Unit One Feature Questions..............................................................81UNIT TWO:The Public Environment5Administrative Law......................................................................................................876Torts and Product Liability........................................................................................1077Criminal Law and Cyber Crime..................................................................................1278Intellectual Property and Internet Law.....................................................................1479International Law in a Global Economy....................................................................167Appendix B for Unit TwoFeature Questions............................................................187UNITTHREE:The Commercial Environment10Business Organizations..............................................................................................19311Formation of Traditional and E-Contracts................................................................21312Contract Performance, Breach, and Remedies.........................................................23313Sales andLeases........................................................................................................25314Creditors’Rights and Bankruptcy..............................................................................27315Mortgages and Foreclosures after the Recession.....................................................293Appendix C for Unit ThreeFeature Questions..........................................................315UNITFOUR:The Employment Environment16Employment, Immigration, and Labor Law...............................................................32117Employment Discrimination......................................................................................341Appendix D for Unit FourFeature Questions............................................................361UNITFIVE:The Regulatory Environment

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vivi18Environmental Law....................................................................................................36519Antitrust Law and Promoting Competition...............................................................38520Investor Protection and Corporate Governance.......................................................405Appendix E forUnit FiveFeature Questions.............................................................425

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1© 2014 CengageLearning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessiblewebsite, in whole or in part.Chapter 1Business andIts Legal EnvironmentN.B.:TYPEindicates that a question is new, modified, or unchanged, as follows.NAquestionnewto this edition of the Test Bank.+A questionmodifiedfrom the previous edition ofthe Test Bank.=A questionincludedin the previous edition of the Test Bank.TRUE/FALSE QUESTIONS1.The law establishes rights, duties, and privileges that are consistent with the values ofsociety.ANSWER:TPAGE:2TYPE:=BUSPROG:ReflectiveLO:1-1BLOOM’S:ComprehensionDIF:EasyAICPA: BB-Critical Thinking2.Law includes enforceable rules governing relationships between individuals and theirsociety.ANSWER:TPAGE:2TYPE:=BUSPROG: AnalyticLO: 1-1BLOOM’S:KnowledgeDIF:EasyAICPA: BB-Legal3.A federal law that conflicts with the U.S. Constitution will be deemed unconstitutional.

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2UNIT ONE: THE FOUNDATIONS© 2014 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessiblewebsite, in whole or in part.ANSWER:TPAGE:6TYPE:=BUSPROG: AnalyticLO: 1-1BLOOM’S:ComprehensionDIF:ModerateAICPA: BB-Legal4.Constitutional law includes only the U.S. Constitution.ANSWER:FPAGE:6TYPE:=BUSPROG: AnalyticLO: 1-1BLOOM’S:KnowledgeDIF:EasyAICPA: BB-Critical Thinking5.A state law that conflicts with the U.S. Constitution will be deemedunconstitutional.ANSWER:TPAGE:6TYPE:=BUSPROG: AnalyticLO: 1-1BLOOM’S:ComprehensionDIF:ModerateAICPA: BB-Legal6.The U.S. Constitution is the supreme law of the United States.ANSWER:TPAGE:6TYPE:=BUSPROG: AnalyticLO: 1-1BLOOM’S:KnowledgeDIF:EasyAICPA: BB-Legal7.Whether a law is constitutional depends on its source.ANSWER:FPAGE:6TYPE:=BUSPROG: AnalyticLO: 1-1BLOOM’S:ComprehensionDIF:EasyAICPA: BB-Legal8.A stateconstitution is supreme within the state’s borders so long as it does notconflict with the U.S. Constitution or a federal law.ANSWER:TPAGE:6TYPE:=BUSPROG: AnalyticLO: 1-1BLOOM’S:ComprehensionDIF:MODERATEAICPA: BB-Legal9.Federal statutes apply to all states.ANSWER:TPAGE:6TYPE:=

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CHAPTER 1: BUSINESS AND ITS LEGAL ENVIRONMENT3© 2014 CengageLearning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessiblewebsite, in whole or in part.BUSPROG: AnalyticLO: 1-1BLOOM’S:ComprehensionDIF:EasyAICPA: BB-Legal10.No state has adopted the Uniform Commercial Code in its entirety.ANSWER:FPAGE:6TYPE:+BUSPROG:ReflectiveLO: 1-1BLOOM’S:KnowledgeDIF:EasyAICPA: BB-Legal11.Uniform laws apply in all states, including those in which the laws have not beenadopted.ANSWER:FPAGE:6TYPE:=BUSPROG: AnalyticLO: 1-1BLOOM’S:ComprehensionDIF:ModerateAICPA: BB-Legal12.Administrative agencies are established to perform specific functions.ANSWER:TPAGE:7TYPE:NBUSPROG: AnalyticLO: 1-1BLOOM’S:KnowledgeDIF:EasyAICPA: BB-Legal13.Rules issued byadministrative agencies now affect almost no aspect of a business’soperations.ANSWER:FPAGE:7TYPE:NBUSPROG: AnalyticLO: 1-1BLOOM’S:ApplicationDIF:ModerateAICPA: BB-Legal14.The basis for the U.S. legal system is the natural lawschool.ANSWER:TPAGE:7TYPE:NBUSPROG:EthicsLO: 1-2BLOOM’S:KnowledgeDIF:EasyAICPA: BB-Critical Thinking15.Courts can rely on the common law as a guide to interpreting legislation.ANSWER:TPAGE:7TYPE:NBUSPROG:AnalyticLO: 1-2BLOOM’S:Comprehension

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4UNIT ONE: THE FOUNDATIONS© 2014 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessiblewebsite, in whole or in part.DIF:ModerateAICPA: BB-Legal16.Common law is a term for the law that is known to most of us.ANSWER:FPAGE:7TYPE:=BUSPROG: AnalyticLO: 1-2BLOOM’S:KnowledgeDIF:EasyAICPA: BB-Critical Thinking17.A decision on a given issue by a court is not binding on an inferior court.ANSWER:FPAGE:9TYPE:=BUSPROG: AnalyticLO: 1-3BLOOM’S:ComprehensionDIF:EasyAICPA: BB-Legal18.Judges use precedent whendeciding a case in a common law legal system.ANSWER:TPAGE:9TYPE:=BUSPROG: AnalyticLO: 1-3BLOOM’S:KnowledgeDIF:EasyAICPA: BB-Legal19.Stare decisisis a doctrine obligating judges to help persons who have failed to protecttheir own rights.ANSWER:FPAGE:9TYPE:NBUSPROG: AnalyticLO: 1-3BLOOM’S:KnowledgeDIF:EasyAICPA: BB-Legal20.Courts donotdepart from precedents.ANSWER:FPAGE:9TYPE:=BUSPROG:ReflectiveLO: 1-3BLOOM’S:ComprehensionDIF:EasyAICPA: BB-Critical Thinking21.A court may depart from a precedent if the court decides that the precedent shouldno longer befollowed.ANSWER:TPAGE:9TYPE:=BUSPROG:ReflectiveLO: 1-3BLOOM’S:ComprehensionDIF:ModerateAICPA: BB-Critical Thinking

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