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Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 1 Our System of Law LESSON OVERVIEW Part 1 of the text addresses the system of law, ethics, criminal law, tort law, and administrative law. Chapter 1 deals with the system […]

Chapter 1 Assessment Answers Matching Key Terms 1. g 4. k 7. m 10. c 13. l True-False Quiz 16. F 19. T 22. T 25. F 28. F 17. T 20. T 23. T 26. T 29. F 18. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 10 Consideration LESSON OVERVIEW The previous chapters dealt with the various kinds of agreements. Chapter 9 discusses the nature and essentials of consideration, and through the use of examples, depicts their […]

Chapter 10 Assessment Answers Matching Key Terms 1. b 6. i 2. f 7. g True/False Quiz 11. T 19. T 12. T 20. F 13. T 21. T 14. F 22. F 15. T 23. F 16. F 24. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 11 Competent Parties LESSON OVERVIEW Chapter 11 discusses the parameters to be borne in mind while parties enter into contracts. One of the prime requisites for this purpose is the competency […]

Chapter 11 Assessment Answers Matching Key Terms 1. i 6. g 2. j 7. b True/False Quiz 11. F 19. T 12. T 20. T 13. F 21. T 14. F 22. F 15. T 23. F 16. F 24. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 12 Legal Purpose of Contracts LESSON OVERVIEW While the previous chapters discussed the various parameters to bear in mind while parties enter into contracts, Chapter 12 contemplates on the legal purpose […]

Chapter 12 Assessment Answers Matching Key Terms 1. d 6. e True/False Quiz 11. F 17. F 12. T 18. T 13. F 19. T 14. T 20. T 15. F 21. F 16. F Discussion Questions 22. If a […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 13 Form of Contracts LESSON OVERVIEW While the previous chapters discussed the essential elements of a valid contract, Chapter 13 discusses the final element of a valid contract. We examine in […]

Chapter 13 Assessment Answers Matching Key Terms 1. j 6. i True/False Quiz 11. T 19. F 12. T 20. T 13. T 21. T 14. F 22. T 15. T 23. T 16. T 24. T 17. T 25. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 14 Operation of Contracts LESSON OVERVIEW The previous chapters discussed the contracts entered into, between two parties. Chapter 14 discusses contracts involving third parties, and through the use of examples, depicts […]

Chapter 14 Assessment Answers Matching Key Terms 1. h 6. i True/False Quiz 11. T 19. T 12. F 20. T 13. T 21. F 14. T 22. T 15. T 23. F 16. T 24. F 17. T 25. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 15 Discharge of Contracts LESSON OVERVIEW The previous chapters dealt with the formation of contracts and their operation. Chapter 15 discusses the various ways to terminate contracts, and through the use […]

Chapter 15 Assessment Answers Matching Key Terms 1. e 6. b True/False Quiz 11. T 19. T 12. T 20. F 13. T 21. T 14. F 22. T 15. F 23. F 16. T 24. T 17. T 25. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 16 Transfer of Title LESSON OVERVIEW The previous chapters dealt with the various kinds of contracts and the methods of discharge of contracts. Chapter 16 discusses how title and certificates of […]

Chapter 16 Assessment Answers Matching Key Terms 1. k 7. c 2. a 8. e True/False Quiz 13. F 21. T 14. F 22. T 15. F 23. T 16. F 24. F 17. T 25. T 18. T 26. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 17 Sales LESSON OVERVIEW The previous chapter dealt with the transfer of title. Chapter 17 examines the concept of title in relation to the law of sales, and the distinction between […]

Thinking Critically About the Law: 34-36 Case Analysis: 41 Chapter 17 Assessment Answers Matching Key Terms 1. h 6. e True/False Quiz 11. T 19. T 12. T 20. T 13. T 21. T 14. T 22. T 15. T […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 18 Warranties LESSON OVERVIEW While the previous chapter dealt with the concept of sales, Chapter 18 examines one of the most indispensable concepts related to sales—warranties. The objective of this chapter […]

Chapter 18 Assessment Answers Matching Key Terms 1. d 6. f 2. i 7. h True/False Quiz 11. T 19. T 12. T 20. T 13. F 21. F 14. F 22. T 15. T 23. F 16. F 24. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 19 Agency LESSON OVERVIEW While the previous chapters dealt with the concept of sales and warranties, Chapter 19 clarifies the concept of agency. This chapter intends to describe the principal–agent relationship […]

Chapter 19 Assessment Answers Matching Key Terms 1. a 8. f 2. n 9. h True/False Quiz 15. T 20. T 16. F 21. T 17. T 22. F 18. T 23. T 19. T 24. F Discussion Questions 25. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 2 Ethics and the Law LESSON OVERVIEW In Chapter 1, we discussed the role of law in our world, its sources, and the systems of courts. The first chapter also briefly […]

Chapter 2 Assessment Answers Matching Key Terms 1. d 2. c True/False Quiz 8. F 9. F 10. F 11. T 12. T 13. T 14. T 15. T 16. T 17. T 18. T Discussion Questions 3. f 4. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 20 Business Organizations LESSON OVERVIEW While the previous chapter dealt with agency at large, Chapter 20 deals with business organizations. The objective of this chapter is to identify the business organizational […]

Chapter 20 Assessment Answers Matching Key Terms 1. g 6. a 2. d 7. j True/False Quiz 11. F 19. T 12. T 20. F 13. T 21. T 14. T 22. T 15. F 23. F 16. F 24. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 21 Bankruptcy LESSON OVERVIEW Chapter 21 deals extensively with bankruptcy. Students will learn the distinctions between the many different ways individuals or businesses can file for bankruptcy when facing financial hardship […]

Chapter 21 Assessment Answers Matching Key Terms 1. l 9. o 2. j 10. m True/False Quiz 16. F 21. T 17. T 22. T 18. T 23. T 19. F 24. F 20. F 25. T Discussion Questions 26. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 22 Introduction to Commercial Paper LESSON OVERVIEW While the previous chapter dealt extensively with bankruptcy, Chapter 22 deals with the aspect of commercial paper, its characteristics, and how it is different […]

D. ESSENTIALS FOR NEGOTIABILITY OF COMMERCIAL PAPER To be negotiable under the Uniform Commercial Code (UCC), commercial paper must conform to the following requirements [UCC 3-104(1)]. 1. It Must Be in Writing and Signed by the Maker or Drawer The […]

Chapter 22 Assessment Answers Matching Key Terms 1. h 9. a 2. e 10. l True/False Quiz 16. T 21. T 17. F 22. F 18. T 23. F 19. T 24. F 20. T 25. T Discussion Questions 26. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 23 Transfer and Discharge of Commercial Paper LESSON OVERVIEW While the previous chapter gave a detailed introduction to commercial paper, Chapter 23 intends to deal with yet another major aspect of […]

Chapter 23 Assessment Answers Matching Key Terms 1. o 9. j 2. h 10. m True/False Quiz 16. F 21. T 17. T 22. F 18. T 23. F 19. T 24. T 20. T 25. F Discussion Questions 26. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 24 Real and Personal Property LESSON OVERVIEW While Part 4 of the book dealt with commercial paper and its various essentials, Chapter 24 will deal with real and personal property. The […]

Chapter 24 Assessment Answers Matching Key Terms 1. h 9. g 2. a 10. k True/False Quiz 16. T 21. F 17. F 22. F 18. T 23. T 19. F 24. F 20. T 25. T Discussion Questions 26. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 25 Bailments LESSON OVERVIEW While earlier chapters examined numerous kinds of agreements and contracts for many different purposes, Chapter 25 discusses the definition, characteristics, and various kinds of bailment and through […]

Chapter 25 Assessment Answers Matching Key Terms 1. b 6. f 2. h 7. c True/False Quiz 11. F 19. F 12. T 20. F 13. T 21. F 14. F 22. F 15. F 23. F 16. T 24. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 26 Landlord–Tenant Relations LESSON OVERVIEW While Chapter 24 dealt with the introduction of leasehold estates, Chapter 26 elucidates the landlord–tenant relationship and the major points of law that affect and govern […]

Chapter 26 Assessment Answers Matching Key Terms 1. h 9. m 2. f 10. o True/False Quiz 16. T 21. F 17. F 22. F 18. T 23. F 19. T 24. T 20. T 25. F Discussion Questions 26. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 27 Wills, Intestacy, and Trusts LESSON OVERVIEW Chapter 27 discusses the purpose of a will and the language of wills. We understand the different types of gifts covered by wills. The […]

Chapter 27 Assessment Answers Matching Key Terms 1. d 9. k 2. j 10. g True/False Quiz 16. T 21. T 17. F 22. F 18. F 23. T 19. T 24. T 20. F 25. F Discussion Questions 26. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 28 Intellectual Property LESSON OVERVIEW As described in Chapter 24, individuals and businesses own both real and personal property. The chapter addressed how the law protects intellectual property stored on computers […]

Chapter 28 Assessment Answers Matching Legal Terms 1. c 4. b True/False Quiz 6. F 14. T 7. F 15. T 8. T 16. F 9. T 17. F 10. F 18. F 11. F 19. T 12. T 20. […]

Essentials of Business Law, 9h edition INSTRUCTOR’S MANUAL Chapter 29 Computer Privacy and Speech LESSON OVERVIEW While the previous chapter dealt with business and technology, Chapter 29 explains how the advent of computer usage created the need for new laws […]

Chapter 29 Assessment Answers Matching Key Terms 1. d 4. e True/False Quiz 6. F 14. F 7. T 15. T 8. T 16. T 9. T 17. F 10. T 18. T 11. F 19. T 12. F 20. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 3 Criminal Law LESSON OVERVIEW In Chapter 1 we discussed how law enforcement authorities enforce specific laws called statutes that are designed to protect the public at large. In Chapter 3, […]

Chapter 3 Assessment Answers Matching Key Terms 1. e 2. g 6 .Robbery 7. j 8. c 9. i 10. h True/False Quiz 11. F 12. T 13. T 14. T 15. T 16. T 17. F 18. T 19. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 30 Conducting Business in Cyberspace LESSON OVERVIEW While the previous chapter dealt with computer privacy and speech, Chapter 30 deals with the various aspects involved in conducting business in cyberspace. This […]

Chapter 30 Assessment Answers Matching Key Terms 1. b 4. e True/False Quiz 6. F 14. T 7. T 15. F 8. T 16. F 9. T 17. F 10. F 18. F 11. T 19. T 12. T 20. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 31 The Employer–Employee Relationship LESSON OVERVIEW Chapter 31 intends to describe the employer–employee relationship. The chapter elucidates the duties of an employer and employee to each other, distinguishes between employees and […]

Chapter 31 Assessment Answers Matching Key Terms 1. c 4. a 7. f True/False Quiz 8. T 11. T 14. T 9. F 12. T 15. T 10. F 13. F 16. T Discussion Questions 17. An employer must pay […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 32 Employment Law LESSON OVERVIEW While the previous chapter dealt with the employer–employee relationship, Chapter 32 deals with the employment law at length. This chapter discusses federal and state laws that […]

Chapter 32 Assessment Answers Matching Key Terms 1. e 4. c True/False Quiz 6. T 14. F 7. F 15. T 8. T 16. T 9. T 17. F 10. F 18. F 11. F 19. T 12. F 20. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 33 Product Liability LESSON OVERVIEW While the previous chapter dealt extensively with employment law, Chapter 33 deals with the concept of product liability. This chapter describes product liability and the tort […]

Chapter 33 Assessment Answers Matching Key Terms 1. b 4. a True/False Quiz 7. F 14. T 8. T 15. T 9. T 16. F 10. F 17. T 11. T 18. T 12. F 19. F 13. T 20. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 34 Professionals’ Liability LESSON OVERVIEW While the previous chapter dealt with the various aspects of product liability, Chapter 34 deals with professionals’ liability by discussing the characteristics of a professional, the […]

Chapter 34 Assessment Answers Matching Key Terms 1. c 3. b 5. e True/False Quiz 6. T 14. F 7. F 15. F 8. T 16. F 9. T 17. T 10. T 18. F 11. T 19. F 12. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 35 International Business Law LESSON OVERVIEW While the previous chapters dealt with professionals’ liability in the instances of malpractice, Chapter 35 deals with international business laws. This chapter discusses in detail […]

Chapter 35 Assessment Answers Matching Key Terms 1. i 7. g 2. e 8. j True/False Quiz 13. T 18. F 14. F 19. T 15. F 20. T 16. T 21. T 17. T 22. F Discussion Questions 23. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 36 Business and the Environment LESSON OVERVIEW While the previous chapters dealt with the role of international law in the global business scenario, Chapter 36 deals with business and the environment. […]

Chapter 34 Assessment Answers Matching Key Terms 1. a 4. c 7. i 10. d True/False Quiz 11. F 14. T 17. T 20. T 12. F 15. F 18. T 13. F 16. T 19. F Discussion Questions 21. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 37 Health Care Law LESSON OVERVIEW While the previous chapters dealt with business and the environment, Chapter 37 deals with health care law. This chapter examines some of the major areas […]

Chapter 37 Assessment Answers Matching Key Terms 1. b 4. f 7. h 10. g True/False Quiz 11. T 15. T 19. F 23. T 12. F 16. F 20. F 24. T 13. F 17. T 21. F 25. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 4 Tort Law LESSON OVERVIEW In Chapter 3 we defined crime as a violation of the rights of society as a whole. Chapter 4 deals with torts, which in contrast to […]

Chapter 4 Assessment Answers Matching Key Terms 1. i 6. h 2. c 7. f True/False Quiz 11. T 19. T 12. T 20. T 13. T 21. T 14. F 22. T 15. T 23. T 16. T 24. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 5 Constitutional Law LESSON OVERVIEW Chapter 5 describes several provisions of the Constitution and explains the various ways in which these provisions impact individuals and businesses in the United States. In […]

Chapter 5 Assessment Answers Matching Key Terms 1. d 9. n 2. h 10. b True/False Quiz 16. F 21. T 17. T 22. F 18. T 23. T 19. F 24. F 20. F 25. T Discussion Questions 26. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 6 Administrative Law LESSON OVERVIEW We briefly discussed the role of administrative agencies in Chapter 1, where the point was made that they affect nearly every individual, business firm, and organization […]

Chapter 6 Assessment Answers Matching Key Terms 1. b 4. d True/False Quiz 6. T 14. F 7. T 15. F 8. F 16. T 9. T 17. T 10. T 18. F 11. F 19. F 12. F 20. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 7 Introduction to Contracts LESSON OVERVIEW In Chapter 7 we are introduced to the legal meaning of the term contract. A contract is a legally enforceable agreement that is created when […]

Chapter 7 Assessment Answers Matching Legal Terms 1. k 9. d 2. a 10. g True/False Quiz 16. F 21. T 17. F 22. T 18. F 23. T 19. T 24. T 20. F 25. T Discussion Questions 26. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 8 Offer and Acceptance LESSON OVERVIEW In Chapter 7 students were introduced to the six elements of an enforceable contract. In Chapter 8, students will examine the first of these essential […]

Chapter 8 Assessment Answers Matching Key Terms 1. b 6. j 2. e 7. f True/False Quiz 11. T 16. T 12. T 17. T 13. T 18. T 14. F 19. T 15. T 20. F Discussion Questions 21. […]

Essentials of Business Law, 9th edition INSTRUCTOR’S MANUAL Chapter 9 Mutual Agreement LESSON OVERVIEW In Chapter 7 students were introduced to the six elements of an enforceable contract, and Chapter 8 discussed offer and acceptance—the first of the essential elements […]

Chapter 9 Assessment Answers Matching Key Terms 1. i 6. d 2. b 7. j True/False Quiz 11. T 16. F 12. T 17. T 13. T 18. T 14. F 19. F 15. T 20. T Discussion Questions 21. […]

A violation of a statute is a(n) ______. A.enforceable act B.tort C.offense D.crime Intellectual property is also referred to as ___________ . A.economic property B.intellectual capital C.testamentary property D.real property Answer: B Feedback: Personal property includes knowledge, ways of doing […]

Sexual harassment is a form of discrimination on the basis of sex and is illegal under federal law. Consideration required in an enforceable contract can take various forms such as exchange of promises, forbearance, and pledges or subscriptions. Answer: True […]

Insurance agents and insurance brokers are deemed to possess superior knowledge of insurance and to have the ability to use their expertise to protect buyers against various kinds of: A.losses. B.negligence. C.malpractice. D.churning. Chapter 11 Bankruptcy is mostly used by_____________: […]

____________________ is caused by factories and other production facilities which is covered by the Clean Air Act.. A.noise pollution B.mobile pollution C.stationary pollution. D.light pollution Insurance coverage that provides supplementary income to make up for lost wages due to an […]

The sale of goods can be made with the understanding that the purchaser takes title to the goods but has the right to return them within: A.one year. B.a period of one month. C.a period of two months. D.a reasonable […]

The tort of slander requires a directly defamatory statement. Gestures alone can never be slanderous. Even if an employer’s intentional or grossly negligent conduct caused an employee injury or illness, the employee may not sue the employer. Answer: False Feedback: […]

Before the hammer falls, a bidder __________________. A.may retract the bid at any time. B.may never retract the bid. C.does not have a valid offer. D.may retract the bid only within five seconds of the bid. People who establish a […]

The determinations reached at a hearing conducted by an administrative agency can be_____________ . A.disregarded B.protested. C.appealed D.opposed. An agency by agreement appointing an agent for a two year period must comply with the: A.Statute of Limitations. B.Statute of Frauds. […]

The Uniform Commercial Code dispenses with the requirement for consideration in contracts that involve: A.a merchant’s firm written offer of an irrevocable contract. B.an oral discharge of a claim for an alleged breach of contract. C.modifications on future contracts. D.modifications […]

There are two kinds of bills of lading. While one is a straight bill of lading, the other one is a(n): A.bill of sale. B.flexible bill of lading. C.order bill of lading. D.bill of acknowledgement. A(n) ____________warranty is a guarantee […]

The doctrine of employment at will has been eroded by federal, state, and local statutes; by court decisions; and by: A.social attitude. B.moral behavior. C.company agenda. D.public policy. Title to goods shipped free on board (f.o.b.) destination passes when the […]

The federal Credit Consumer Protection Act gives a consumer the right to cancel a credit transaction within three days when contract requires that the consumer pledge his or her home as a security deposit. Automobiles, furniture, clothing, and pets are […]

Commercial paper includes checks that banks are ordered to pay, but not drafts in which a third party is ordered to pay. Members of the armed services are permitted to assign their pay. Answer: False The promisor may make a […]

In an effort to ensure that the federal government itself does not contribute to the destruction of the environment, Congress passed the Clear Air Act of 1970. Under the Robinson-Patman Act a seller of goods may not legally charge a […]

A legal bar to the use of contradictory words or acts in asserting a claim against another is known as: A.condition. B.estoppel. C.redeeming power. D.restraining order. Each constitutional amendment must be proposed by a: A.one-third vote of Congress. B.one-fourth vote […]

Agreements are typically legal and enforceable as long as they fulfill the terms of a contract, even if it is to wrongfully use one’s influence. Any alterations to a will, such as erasures, words crossed out, or handwritten insertions, usually […]

If Owen refused to testify on the premise that the information he would divulge would self-incriminate him, he can legally do so under the Fifth Amendment. Under the doctrine of contributory negligence, injured parties are not prevented from recovering damages […]

Under the Health Insurance Portability and Accountability Act of 1996 a patients medical information can never be shared with non-family members. Genuineness, or reality, of agreement is said to be present in a contract when there is: A.a true meeting […]

As a general rule, if an offer is to be definite and certain, it should cover the same points as a good newspaper story: who, what, when, where, and how much. Conversion may not involve removal, damage, destruction, or unauthorized […]

An employee handbook should contain information related to the history of the company, including its mission and philosophy. The landlord has the right to regain possession of the property in good condition at the end of the lease. Answer: True […]

Most states have statutes making a person who issues a check drawn on a bank in which he or she has no account guilty of the criminal offense of larceny. An administrative hearing conducted by an administrative agency is in […]

Administrative agencies lack the authority to establish rules that have the force of law. Confiscation involves the host country’s purchasing the assets of a foreign company. . Answer: False Feedback: Confiscation involves the host country taking title to all of […]

A misdemeanor is the intentional misstatement or nondisclosure of a material fact made by one party with the hope of influencing the other party. The most common type of bankruptcy filed by individuals and businesses is Chapter 7. Answer: True […]

The person who agrees to pay for the use of real property is known as the landlord. Contracts with people who have been declared incompetent by the courts are void even if the sane people who contracted with them do […]

A minor is liable for the contract price of necessaries purchased even if the contract price is exorbitant. Defamatory statements include slander but not libel. Answer: False Feedback: Speech that harms a persons reputation is referred to as defamation. This […]

Appeals of the decisions of federal administrative agencies are made to the ______. A.U.S. Supreme Court B.U.S. Circuit Courts of Appeals C.U.S. District Courts D.International Court of Justice While courts have long been reluctant to uphold unconscionable contracts, more recently, […]

Many employers provide employees with ______________and manuals that contain the many policies of the firm. A.employee handbooks B.articles of association C.memorandum of association D.prospectus Frequently, persons with knowledge of computers access the credit card numbers of consumers who have made […]

Community based insurance only covers serious illnesses and lengthy hospitalizations. A crime is an offense against the public at large. Answer: True Feedback: A crime is an offense against the public at large, punishable by the official governing body of […]