Question 1

Business law is:

Accepted Answer

Business law is a set of rules that regulate business activities, ensuring legal compliance and fair practices.

Question 2

To prevent oppression by the government, a system of law must be:

Accepted Answer

Transparency in a legal system ensures that government actions are open to scrutiny, reducing the risk of oppression.

Question 3

Lady Justice is a personification of the law.She is often depicted wearing a blindfold to:

Accepted Answer

The blindfold symbolizes objectivity and impartiality, indicating that justice should be applied without bias or prejudice.

Question 4

Which of the following is not regulated by intellectual property law?

Accepted Answer

Intellectual property law regulates trademarks, inventions, and designs, but the sale of goods is governed by commercial or contract law, not intellectual property law.

Question 5

An owner of land pays rates to the:

Accepted Answer

Rates are local taxes that are paid to the local government where the property is situated. Therefore, the best choice is C, which represents the local government.

Question 6

Natural law theory emphasises:

Accepted Answer

Natural law theory emphasizes the connection between law and a set of higher moral values or universal principles, suggesting that laws should reflect inherent human rights and ethical standards.

Question 7

Private law is concerned with the relationships between persons within the community.Which of the following types of law do not fall within this category?

Accepted Answer

Criminal law and taxation law do not fall within private law as they deal with the relationships between individuals and the state rather than between individuals within the community.

Question 8

Law is:

Accepted Answer

Law is primarily a set of rules established by a governing authority to maintain order and protect persons and property.

Question 9

When a contract is breached, the other person can sue the person who breached the contract for:

Accepted Answer

When a contract is breached, the non-breaching party can sue for monetary compensation, also known as damages, to cover losses resulting from the breach.

Question 10

Ashley breeds rabbits.He exports live rabbits overseas.He learns that those rabbits are being used for scientific lab testing.Which of the following actions would be least likely to be considered ethical conduct on Ashley's part?

Accepted Answer

Continuing to export the rabbits despite knowing they are being used for scientific lab testing and being indifferent to their suffering is not ethical conduct on Ashley's part. It shows a lack of concern for animal welfare and prioritizes financial gain over humane treatment of animals.

Question 11

Law should comply with certain ideals, such as:

Accepted Answer

Law should be accessible, certain, flexible, and fair to ensure it is understandable, predictable, adaptable to change, and just for all individuals.

Question 12

Which of the following is not a character trait of an ethical person?

Accepted Answer

Inflexibility may not always be a desirable trait for an ethical person as it may lead to a lack of flexibility in adapting to changing circumstances and making necessary adjustments to ethical decisions. Ethical decision-making requires a balance between following moral values and being able to adapt to changing situations while still upholding those values.

Question 13

Lady Justice is the Roman goddess of justice and a personification of justice in the legal system.She is depicted bearing a set of scales.These scales are designed to represent:

Accepted Answer

The scales held by Lady Justice symbolize the weighing of evidence and arguments in a fair and balanced manner, representing impartiality and the objective nature of justice.

Question 14

Which of the following is not a reason for changes in the law?

Accepted Answer

Legislation does not necessarily expire on its own. It can be repealed or amended before its expiration date. A change in government, changing social and moral values, and the invention of new technologies are all valid reasons for changes in the law.

Question 15

Lucy's employer declares that if any person leaves their coffee mug on the bench then they will be responsible for cleaning the kitchen that day, and this will encourage employees to maintain a tidy kitchen.This is an example of justice as:

Accepted Answer

This is an example of consequentialism because the rule is designed to produce a specific outcome (a tidy kitchen) by linking an action (leaving a mug) with a consequence (cleaning the kitchen).

Question 16

Litigation necessarily involves:

Accepted Answer

Litigation is the process of taking legal action and involves resolving disputes in a court of law.

Question 17

A 'positivist' definition of law emphasises:

Accepted Answer

A 'positivist' definition of law focuses on the law as it is, rather than what it ought to be or can be. It emphasizes the actual written laws and legal systems in place.

Question 18

If Ash borrows money to buy a car, her car loan will be regulated by:

Accepted Answer

Consumer credit law regulates loans made to consumers for personal, family, or household purposes.

Question 19

Which of the following is not one of the purposes of law?

Accepted Answer

The purpose of law is not specifically to prohibit disadvantage, but rather to maintain order, resolve disputes, keep the peace, and prevent the misuse of power.

Question 20

A lobby group is:

Accepted Answer

A lobby group is an organized group that seeks to influence government decisions and policies, often by advocating for changes to laws they consider unjust.

Quiz 1: Business and the Law