Arbitration is a form of Alternative Dispute
Business law quiz –
Arbitration is a form of Alternative Dispute Resolution
BUSINESS LAW SUMMER, QUIZ 1
Part I: True/False (1 Point Each)
Indicate whether the statement is true or false. If any part of the question is false, then your answer must be false.
_____ 1. Arbitration is a form of Alternative Dispute Resolution; however, it is rarely used as the parties must agree to the settlement.
_____ 2. Law is a body of enforceable rules that regulate the conduct of society. Law is known as a body of rules of action or conduct prescribed by controlling authority and having binding legal force.
_____ 3. Brown v. Board of Education (1954) is an example of statutory law created in Paris, France.
_____ 4. The Supreme People’s Court is regarded as the highest appellate court in China which supervises and governs the procedure of justice by all the special people courts and the local, subordinate courts.
_____ 5. Brown v. Board of Education (1954) is an example of precedent.
_____ 6. Ethical businesses tend to be more successful because of their reputation in the community and the proper way they treat their employees.
_____ 7. Stare decisis is the Latin phrase which means “To stand on prior cases.”.
_____ 8. The common law is a source of law.
_____ 9. BOTH of the following statements are TRUE: a. A judge’s function is to make the law. b. Venue is the geographical area where the matter occurred.
_____ 10. BOTH of the following statements are TRUE: a. Case law is judge-made written law. b. The burden of proof in a civil case is preponderance of the evidence..
_____ 11. Business ethics applies only to owners, operators, and management of the corporation or business. It does not apply to the company’s employees.
_____ 12. Karen owns a family restaurant across the street from the local university and many students eat at her business. Karen is a stakeholder of the university.
_____ 13. “Standing to sue” means that any one is a party in a civil case.
_____ 14. The International Court of Justice is part of the United Nations. 1
_____ 15. Criminal law focuses on duties that exist between persons.
_____ 16. Outside stakeholders can have a powerful effect on the social responsibility of a local business.
_____ 17. There is no difference in the terms stakeholders and shareholders.
_____ 18. Business ethics is the study of right and wrong behavior. Whether an action is fair, right, and just.
_____ 19. Mediation is the most common form of ADR.
_____ 20 ADR represents a valuable tool in many legal system. International legal systems, outside the US, including the United nations are using different forms of ADR.
Part II: Multiple Choice (1 Point Each) Identify the choice that best completes the statement or answers the question.
_____21 Appellate courts
a. have appellate venue
b. conduct jury trials
c. have appellate jurisdiction
d. None of the above
_____22. Religious law
a. in some countries, including the US. is a source of law
b. has never been a source of law
c. provides for jurisdiction in certain US state courts
d. is not a legal term and must be ignored since religion’s beliefs do not affect society’s laws
e. None of the above f. Both b. and c.
Part III: Fill in the Blanks (1 Point Each – 10 total Points)
23. AREAS CONTRACTS CRIMINAL Definition 2 Burden of Proof Legal issues? How is it created? Source of Law (statute, case law, common law, agreement) Who brings the action (Who is plaintiff?
Part IV: Short Answer
Question: 24 Both civil law and criminal law regulate the behavior of individuals. Both, however, are different in a variety of ways. Explain the differences between civil and criminal law as they relate to businesses. In your answer, define the purposes of law. Extra Credit (4 Points) Assume you recently opened a family-style restaurant. What sources of law would affect your new business venture? Your new restaurant.
Answer below- if you need additional paper please write on the back. 4
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