Question

1. Enlightened self-interest is always a substitute for government regulation.

True

False

1. Unethical conduct and the law are interrelated.  

True

False

1. When there is a lawsuit between citizens of tow different states, the federal court system may hear the case using (3 Points):

1. Federal question jurisdiction
2. Citizenship jurisdiction
3. The Erie doctrine
4. Diversity jurisdiction

1. The highest authority for a question of state law is

1. The court of original jurisdiction
2. The state’s Supreme Court
3. The United States Supreme Court
4. The United States District Court for that jurisdiction

1. Which of the following is an example of alternative dispute resolution

1. Mediation
2. Negotiation
3. All of the answers are correct
4. Arbitration

1. A discovery tool that requires a party to a lawsuit to answer questions, in person, under oath is a(n)

1. Deposition
2. Request for admission
3. Interrogatory
4. complaint

1. Managers who utilize alternative dispute resolutions to efficiently and effectively can also save money by not using attorneys settle their issues because they are immune from tort and criminal law.

True

False

1. Arbitration is the least formal of the frequently used alternative dispute resolution (ADR) methods.

True

False

1. An administrative agency functions in which primary way:

1. Making rules
2. Conducting formal adjudications
3. Taking informal discretionary actions
4. Conducting investigations
5. All the above

1. Like Discovery, a Freedom of Information Act (FOIA) request must show that the documents requested are relevant to a particular legal proceeding or that the requester has a specific interest in the documents.

True

False

1. There are many limits to the investigative powers of administrative agencies.

True

False

1. An agent cannot bind the principal if the principal’s identity is undisclosed to the third party.

(2 Points)

True

False

Answer 1

1. False as it is not the substitute, Paul Krungman even criticize this concept and other banking regulation.It was believed that self interest should be on the basis of fair and honest dealing in the business.

2. True , unethical behavior is not accepted in law and ethics are the principles that tells the different between right and wrong same is done with law ,hence unethical conduct and law are inter related.

3. d Diversity Jurisdiction as the United State Constitution allows the extend the area involving parties of two different states.

4. b. The state's Supreme Court, as it has the power to decide cases over disputes in the state.

5.c. All the answers are correct because alternative Dispute resolution means to resolve the dispute without any litigation.

As per the guidelines in case of multiple questions expert is required to answer the first four.In this case i did first 5.