The school of jurisprudence that believes that free market forces should determine the outcomes to lawsuits is:

Business Law

1) What was the U.S. Supreme Court’s reaction to a case where a business

executive was found guilty of aiding and abetting in the bribery of an Internal

Revenue Service Agent even though the Internal Revenue Service agent had

been found not guilty of the bribery in a separate trial? 

a. Because one of the defendants had been found guilty, then both should

have been found guilty. 

b. Because of the inconsistent outcomes, a third combined trial was ordered to

reconcile the different outcomes. 

c. This simply underscores the fact that there is always the possibility that dif-

ferent juries might reach different results in a given situation. 

d. Because one of the defendants had been found not guilty, they both should

have been found not guilty. 

e. The decisions in both cases were thrown out, making it possible, though not

mandatory, that one or both defendants would have to face another trial. 

2) The followers of this school of jurisprudential thought are known as realists: 

a. the Sociological School. 

b. the Analytical School. 

c. the Command School. 

d. the Psychological School. 

e. the Critical Legal Studies School. 

3) The school of jurisprudence that believes that free market forces should 

determine the outcomes to lawsuits is: 

a. The Command School. 

b. The Sociological School. 

c. The Critical Legal Studies School. 

d. The Analytical School. 

e. The Law and Economics School. 

4) Which of the following is an example of an equitable remedy? 

a. A remedy that may not be modified from its rigid prescribed form. 

b. A remedy fashioned by a chancery court fashioned to fit the particular situa-

tion. 

c. Any remedy granted by the merchant court. 

d. A remedy required to be approved by the law court. 

e. Any remedy issued by a judge. 

5) Which of the following is true about the creation of courts in England? 

a. The different types of courts were created in order to handle different types of

cases, but the remedies available to the different courts were the same. 

b. The law courts were created to allow remedies that could not be granted by

the law courts. 

c. The equity courts were created to allow remedies that could not be granted by 

the law courts. 

d. The merchant courts were created in order to have more flexibility in fashion-

ing remedies than the chancery courts. 

e. The law courts were created in order to have broader jurisdiction than the

merchant courts. 

6) Which of the following statements is true about treaties? 

a. Treaties are valid only if they do not conflict with a statute passed by Con

gress. 

b. The U.S. Constitution provides that the president, with the advice and con-

sent of one-half of the Senate, may enter into treaties with foreign govern-

ments. 

c. The U.S. Constitution provides that the president, with the advice and con-

sent of two-thirds of the Senate, may enter into treaties with foreign govern-

ments. 

d. The U.S. Constitution provides that the president, with the advice and con-

sent of three-fourths of the Senate, may enter into treaties with foreign gov-

ernments. 

e. Treaties are valid only if they do not conflict with a statute passed by Congress 

or any of the state legislatures.