Chapter 1 Buisiness and Its Legal Environment

1. The law establishes rights, duties, and
privileges that are consistent with the values of society.

2. Law
includes enforceable rules governing relationships between individuals and
their society.

3. A
federal law that conflicts with the U.S. Constitution will be deemed unconstitutional.

4. Constitutional
law includes only the U.S. Constitution.

5. A
state law that conflicts with the U.S. Constitution will be deemed
unconstitutional.

6. The
U.S. Constitution is the supreme law of the United States.

7. Whether
a law is constitutional depends on its source.

8. A state constitution is supreme within the state’s borders so long
as it does not conflict with the U.S. Constitution or a federal law.

9. Federal
statutes apply to all states.