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.