Identify and discuss the primary sources of contemporary U.S. law
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The primary sources of U.S. law include:
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1. United States Constitution (the supreme law of the land) and state constitutions, which establish state governments;
2. Statutes, which are drafted by the legislatures;
3.
Common law, which is the body of cases decided by judges, as they follow earlier cases, known as precedent;
4.
Court orders issues by judges;
5. Administrative law, the rules and decisions made by federal and state administrative agencies.
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Which of the following is not considered one of the primary CAAT approaches?
A. The black-box approach. B. Auditing through the computer. C. The white-box approach. D. Encryption testing.
Which of the following is true of a destination contract containing a "no-arrival, no-sale" clause?
A) The seller is required to bear the expense and risk during transportation. B) The seller is required to replace any goods lost in transit. C) The buyer does not have to pay for destroyed goods. D) The risk of loss passes once the shipping has been arranged.
All oral contracts are enforceable under the UCC
Indicate whether the statement is true or false
Which of the following statements is (are) true concerning high deductible health plans?
I. An employee can withdraw money tax-free from a health savings account or health reimbursement arrangement to pay covered medical costs. II. There is a cap on an employee's out-of-pocket expenses under the plan. A) I only B) II only C) both I and II D) neither I nor II