subject: business law What is the significance of the U.S. Supreme Court\'s opin
ID: 380924 • Letter: S
Question
subject: business law
What is the significance of the U.S. Supreme Court's opinion in the case of Marbury v. Madison?
Question 1 options:
It was the first official opinion of the U.S. Supreme Court.
James Madison won the case and thus became President of the United States.
The case upheld the authority of Congress to enact statutes expanding (or contracting) the powers granted in the Constitution.
The opinion established the principle of judicial review by the Court and entrenched the Constitution as the Supreme Law of the Land.
The opinion established that the Supremacy Clause of the U.S. Constitution made state constitutions subordinate to the federal Constitution.
From both a business and an ethics perspective, what should a manager consider before making a major decision for his or her company?
The alternatives available.
The effect of the decision on the firm's constituents for each alternative.
The values of the firm and how each value "fits" within each alternative.
The expected economic impact of each alternative on the firm.
All of the above should be considered.
What is necessary in order for a court to assert "long arm" in personam jurisdiction over a non-resident of the state in which the court is located?
Question 3 options:
The defendant must have sufficient "minimum contacts" with the state.
The claim involved in the lawsuit must be as a result of these sufficient "minimum contacts."
The assertion of jurisdiction must be reasonable.
All of the above are necessary
None of the above are necessary. Courts can always assert "long arm" jurisdiction if they want to hear a case.
What is required by the Equal Protection clause of the 14th Amendment?
Question 4 options:
That every person in the U.S. is treated equally under the law.
That every citizen of the U.S. is treated equally under the law.
That similarly situated people are treated equally under the law.
That similarly situated people are treated similarly under the law.
That any form of discrimination is viewed as illegal.
Who or what is the standard, the "yardstick," against which we measure conduct in determining whether negligence occurred?
The standard of due care as determined by the legislature.
The standard of due care as determined by the courts as a matter of public policy.
The conduct of a reasonable and prudent person.
The conduct of a reasonable or prudent person.
The ordinary man, "Joe Six Pack" if you will.
A clause in a contract between Good Company, a U.S. business, and Hart, Ltd., an Indonesian business, stipulates that certain unforeseen events will excuse a party from liability for nonperformance of the contract. This type of clause is known as:
A choice-of-law clause.
A choice-of-forum clause.
A force majeure clause.
An exculpatory clause.
An arbitration clause.
It was the first official opinion of the U.S. Supreme Court.
James Madison won the case and thus became President of the United States.
The case upheld the authority of Congress to enact statutes expanding (or contracting) the powers granted in the Constitution.
The opinion established the principle of judicial review by the Court and entrenched the Constitution as the Supreme Law of the Land.
The opinion established that the Supremacy Clause of the U.S. Constitution made state constitutions subordinate to the federal Constitution.
From both a business and an ethics perspective, what should a manager consider before making a major decision for his or her company?
Question 2 options:The alternatives available.
The effect of the decision on the firm's constituents for each alternative.
The values of the firm and how each value "fits" within each alternative.
The expected economic impact of each alternative on the firm.
All of the above should be considered.
Explanation / Answer
1) The right answer is D,
The significance of the U.S. Supreme Court's opinion in the case of Marbury v. Madison is that "the opinion established the principle of judicial review by the Court and entrenched the Constitution as the Supreme Law of the Land".
2) The right answer is E
From both a business and an ethics perspective, a manager should consider the following before making a major decision for his or her company. They are -
3) The right answer is "D", All of the above are necessary.
For a court to assert "long arm" in personam jurisdiction over a non-resident of the state in which the court is located, -
4) The right answer is C
Equal Protection clause of the 14th Amendment required similarly situated people are treated equally under the law.
5) The right answer is B
Who or what is the standard, the "yardstick," against which we measure conduct in determining whether negligence occurred - The standard of due care as determined by the courts as a matter of public policy.
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