Business Law > TEST BANKS > Dynamic Business Law The Essentials 5th Edition By Kubasek, Browne, Herron, Dhooge, Barcaks TEST BAN (All)
Dynamic Business Law The Essentials 5th Edition By Kubasek, Browne, Herron, Dhooge, Barcaks TEST BANK
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CHAPTER 1 TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false. 1) Business law consists of the enforceable rules of conduct that govern commercial relationships. ⊚... true ⊚ false 2) Many market transactions occur without legal guidelines. ⊚ true ⊚ false 3) Law is rules of conduct in any organized society that are enforced by the governing authority of the community. ⊚ true ⊚ false 4) The respect we give to the law as a source of authority is in part a recognition of the fact that in the absence of law, we would rely solely on the goodwill and dependability of one another. ⊚ true ⊚ false 5) Crimes are prosecuted not by individuals but by the state or federal government. ⊚ true ⊚ false 6) Private law involves disputes between private individuals or groups and their government. ⊚ true ⊚ false 7) If a pet store dumps waste from its business behind its building, it is a violation of a public law [Show More]
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