Power, Inc., is a corporation engaged in the business of producing, refining, and distributing energy resources. With respect to the firm's managers, legal concepts can be useful for Power's 1 a. all of the choices. TO b. marketing manager. O c. human resources manager. O d. accounting and finance manager. Laws enacted by legislative bodies at any level of government make up the body of law generally referred to as 10 a. statutory law. O b. the supreme law of the land. O c. the basis of all law in the United States. O d. uniform law. On a challenge to a provision in a state constitution that conflicts with a provision in the U.S. Constitution O a. the state provision will be enforced only within that state's borders. O b. neither provision will be enforced. O c. both provisions will be enforced. 10 d. the state provision will not be enforced. The Florida legislature enacts a state law that violates the U.S. Constitution. This law can be enforced by O a. the United States Supreme Court only. O b. the state of Florida only. O c. the federal government only. O d. no one. Administrative law includes 10 a. model laws developed by the National Conference of Commissioners on Uniform State Laws. O b. laws enacted by a legislative body. 10 c. the rules, orders, and decisions of a government agency. O d. all laws that affect business operations. Common law rules develop from O a. principles underlying judges' decisions in actual controversies. O b. statutes enacted by Congress and the state legislatures. O c. regulations issued by administrative agencies. O d. uniform laws drafted by legal scholars. Stare decisis is best defined as O a. a judicial proceeding to redress a wrong. O b. a situation giving a person a right to initiate a judicial proceeding. O c. a doctrine under which judges follow established precedents. O d. the authority to decide a specific dispute. A precedent is O a. a lawsuit in which a number of persons join together. O b. a court decision that furnishes an example for deciding subsequent cases involving similar or identical facts or principles. O c. the fundamental procedure by which the government exercises its authority O d. the chief executive officer of the United States. In Peyton v. Quality Motors, a state supreme court held that a minor could cancel a contract for the sale of a car. Now a trial court in the same state is deciding Rikki v. Street Deals, Inc., a case with similar facts. Under the doctrine of stare decisis, the trial court is likely to O a. order the minor to cancel the contract. O b. disregard the Peyton case. O c. require the minor to fulfill the contract. O d. allow the minor to cancel the contract. An award of damages is O a. an order to do or to refrain from doing a certain act. O b. the right to harm another. O c. a payment of money or property. O d. the cancellation of a contract
