Managers And the Legal Environment Strategies for the 21st Century 7th Edition – Test Bank

Managers And the Legal Environment Strategies for the 21st Century 7th Edition by Constance E. Bagley – Test Bank

Chapter 3

Sources of Law, Courts, and Dispute Resolution

True-False Questions

1. Federal judges are appointed for ten-year renewable terms.

ANSWER:  False

SKILL LEVEL:  Analytic

OBJECTIVE:  AICPA: Legal

2. Court opinions are published in collections of court opinions called reporters.

ANSWER:  True

SKILL LEVEL:  Analytic

OBJECTIVE:  AICPA: Legal

3. A cite such as 2004 WL 1208516 may be found on Westlaw.

ANSWER:  True

SKILL LEVEL:  Analytic

OBJECTIVE:  AICPA: Legal

4. Both the U.S. Congress and state legislatures may adopt statutes.

ANSWER:  True

SKILL LEVEL:  Analytic

OBJECTIVE:  AICPA: Legal

5. There is no minimum monetary requirement for lawsuits involving a federal question.

ANSWER:  True

SKILL LEVEL:  Analytic

OBJECTIVE:  AICPA: Legal

6. For diversity jurisdiction to exist there must be litigants from at least three different states.

ANSWER:  False

SKILL LEVEL:  Analytic

OBJECTIVE:  AICPA: Legal

7. Jurisdiction over the location of property at issue in a lawsuit is called in rem jurisdiction.

ANSWER:  True

SKILL LEVEL:  Analytic

OBJECTIVE:  AICPA: Legal

8. Negotiating business contracts by means of telephone calls or mail is insufficient to provide a state court with personal jurisdiction over an individual so long as the individual is out-of-state when such contacts are made.