Business Law Final Exam Sophia | LATEST UPDATE
In which scenario do the different court systems in the U.S. interact properly?
A Colorado man is a defendant in a personal injury lawsuit for an incident that occurred
...
Business Law Final Exam Sophia | LATEST UPDATE
In which scenario do the different court systems in the U.S. interact properly?
A Colorado man is a defendant in a personal injury lawsuit for an incident that occurred in
New Mexico when he was under the influence of marijuana. When hearing the case, the New
Mexico judge applies the laws of Colorado, where marijuana is legal, rather than New
Mexico law, which criminalizes it.
A New Jersey resident is sued by an Iowa resident. After a trial in which the New Jersey
resident vigorously defends himself, the Iowa state court finds in favor of the defendant. The
Iowa resident then files the same claim in a New Jersey state court, which dismisses the case.
A convict on death row in Texas sues, claiming that the death penalty violates the prohibition
in the Constitution of cruel and unusual punishment. The federal courts refuse to hear the
case, because the complaint includes questions of Texas state law.
A West Virginia woman was driving across the country on vacation and caused a traffic
accident in Nebraska that resulted in a personal injury tort claim. The case is tried in
Nebraska, but the state court judge applies West Virginia law, since that's where the defendant
is from.
CONCEPT
The Courts and the Legal Process
2
Compared to traditional litigation, arbitration and mediation are both __________.
quicker and more cost-effective
rarely used as forms of dispute resolution
more formal and complex
not favored or supported by courts
CONCEPT
Alternative Dispute Resolution
3
If a breach of contract case is filed in federal court, the court __________.
has no subject matter jurisdiction, but can hear the case at its own discretion
has subject matter jurisdiction if the claim is for less than $75,000 and no plaintiff lives in the
same state as any defendant
has no subject matter jurisdiction and cannot hear the case
has subject matter jurisdiction if the claim is for more than $75,000 and no plaintiff lives in
the same state as any defendant
CONCEPT
Subject Matter Jurisdiction
4
Select the true statement about statutory law.
Congress may enact statutory law in any area it so chooses.
Statutes at the state level are binding on all states.
Statutes are formed by democratically elected legislative bodies, subject to a system of
checks and balances.
At the federal level, the President has no power whatsoever over the creation of statutory law.
CONCEPT
Legislation and Other Sources of Law
5
Which level of state court would reverse the decision of a lower court for procedural
missteps?
District court
General jurisdiction court
Limited jurisdiction court
Intermediate appellate court
CONCEPT
State Courts in the U.S.
6
Select the true statement about primary sources of law in the U.S.
Public law governs the citizenry, but not the lawmakers themselves.
Substantive laws are necessary to determine how procedural laws will be enforced.
Procedural laws govern the rights and obligations of people.
A contract between two parties is an example of private law.
CONCEPT
Origins of Law
7
ABC Corporation is one of the largest energy companies in the United States, with over $50
million in publicly traded shares. The corporation's unusual accounting practices have
disguised the fact that the company has accumulated significant losses over the past five
years, making it appear far more profitable than it is. The CEO of ABC Corporation has
decided to continue misleading investors by hiding its mounting debt in order to support the
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