Relationship of law and ethics


Question 1: Which of the following statements is true regarding the relationship of law and ethics?

a. In some cases the law will require a higher standard of conduct than ethics, but never vice versa. b. Depending on the circumstances, the law can require a higher, lower, or the same standard of conduct as ethics demands. c. In some cases ethics will require a higher standard of conduct than the law, but never vice versa. d. The legal requirements will almost always be the same as the ethical requirements because the law is based on the ethical standards.

Question 2: Which of the following lists, in descending priority, of sources considered by most courts in settling questions of international law?

a. Treaties, customs, conventions, comity. b. Treaties, customs, conventions, general principles of law. c. Treaties, customs, general principles of law, judicial decisions and teachings. d. Conventions, comity, customs, general principles of law. e. Conventions, treaties, comity, customs.

Question 3: Kathy needs to drive to a city some distance away. Kathy's car is in for repairs, so Kathy borrows Gloria's car at no charge. While Kathy is driving on the highway, one of the tires comes off the car, Kathy crashes, and is seriously injured. Gloria did not know of the defect, but a reasonable inspection would have indicated that a repair was needed. Kathy sues Gloria. In this situation:

a. Gloria is not liable because this is a lease and not a bailment. b. Gloria is not liable because she did not charge Kathy for using the car. c. Gloria is liable because she should have discovered the defect by inspection. d. Gloria is not liable because she did not know of the defect. e. Gloria is liable because she is an insurer of Kathy's safety.

Question 4: Which of the following is correct about the World Trade Organization (WTO)?

a. The WTO was created in the 1940s. b. The WTO adopted a judicial-based dispute resolution system to replace the politically oriented system in place previously. c. Only a few nations have a representative on the WTO dispute settlement body. d. China has not been admitted to the WTO. e. Parties to a dispute have a veto power over any decision reached by the WTO.

Question 5: When someone has been left a specific item that is no longer owned by the testator at the testator's death, the beneficiary receives nothing under the doctrine of:

a. per stirpes distribution. b. ademption. c. abatement. d. intestacy.

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Business Law and Ethics: Relationship of law and ethics
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