Archives
Business Law Chapter 1 1 Business law consists of the enforceable rules of conduct that
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 2) Business law consists of the enforceable rules of conduct that govern commercial relationships. TRUE Business law consists […]
Business Law Chapter 1 2 Which type of law is involved in the above situation considering Molly’s
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 26. (p. 2) Which type of law is involved in the above situation considering Molly’s interaction with both the officer […]
Business Law Chapter 1 3 Alice’s idea that dogs have basic rights, and her plan to exceed laws
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 47. (p. 7) Which of the following contains summaries of common law rules in a particular area of the law? […]
Business Law Chapter 10 1 bob is a trained exterminator who received yearly instruction regarding
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 236) A product may be found defective if a manufacturer fails to provide adequate warnings about potential dangers […]
Business Law Chapter 10 2 which of the following causes of action stem from contract theory
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 29. (p. 240) Which of the following arises when a consumer knows that a defect exists but still proceeds unreasonably […]
Business Law Chapter 10 3 without considering any statements made by either the salesperson or sally
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 50. (p. 236) Which of the following is the type of defect most likely involved when an individual glass bottle […]
Business Law Chapter 11 1 an action against an accountant for failing to properly perform the job
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 258) Accountants may not be sued for malpractice because that action is only available in the medical community. […]
Business Law Chapter 11 2 which of the following requires accountants to use adequate procedures
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 28. (p. 263) Under the _____, an accountant is liable to known third-party users of the accountant’s work product and […]
Business Law Chapter 11 3 what are the various documents including, notes, calculations, and memorandums
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 48. (p. 274) Which of the following is false regarding the Private Securities Litigation Reform Act? A. The act sets […]
Business Law Chapter 12 1 bob properly filed for a patent on a new machine with the U.S. patent
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 284) The laws of intellectual property protect property that is primarily the result of mental creativity rather than […]
Business Law Chapter 12 2 with which of the following does a government website address end
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 27. (p. 285) Which of the following is a mark identifying the producers as belonging to a larger group, such […]
Business Law Chapter 12 3 payments that Marcy would receive from jenny for the sale
12–39 Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 48. (p. 300) Which of the following was developed by the United Nations as an alternative for countries who […]
Business Law Chapter 13 1 11 the person who agrees to the terms of an offer made by the other party
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 306) The term “consideration” in relation to contracts involves parties acting in an ethical manner. FALSE Consideration is […]
Business Law Chapter 13 2 which of the following are the two most important sources of contract law
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 28. (p. 309) In the U.S., which of the following are the two most important sources of contract law? A. […]
Business Law Chapter 13 3 which of the following is an appropriate characterization of the agreement
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 53. (p. 317) Which of the following are written documents signed by a party that makes an unconditional promise to […]
Business Law Chapter 14 1 if a person wishes to ensure that an offer will in fact be held open
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 326) Courts interpret contracts using an objective standard. TRUE We interpret contracts using an objective standard, meaning the […]
Business Law Chapter 14 2 when acceptance is examined under the common law, how do the
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 28. (p. 333) If the subject matter of an offer is destroyed, the offer _______. A. Immediately terminates B. Is […]
Business Law Chapter 14 3 what is the likely result in the lawsuit Barry brought against Chris
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 48. (p. 335) Prudence, a mean business law teacher, offers $50 to any student who will mow her lawn. Sam […]
Business Law Chapter 15 1 a promise to do something that you are already obligated
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 346) Consideration is optional in every contract. FALSE Consideration is required in every contract. AACSB: Analytic Accessibility: Keyboard […]
Business Law Chapter 15 2 Yolanda agrees to bathe and groom Wendy’s dog, fluffy puff, for $30
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 29. (p. 353) Yolanda agrees to bathe and groom Wendy’s dog, Fluffy Puff, for $30. Yolanda agreed to the price […]
Business Law Chapter 15 3 an experienced pool contractor, and Bruce agree on a price for Tina
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 48. (p. 353) Tina, an experienced pool contractor, and Bruce agree on a price for Tina to build a pool […]
Business Law Chapter 16 1 what was the result in the case opener in which customers of apple
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 361) Today, married women have been removed from the category of those lacking contractual capacity, although in a […]
Business Law Chapter 16 2 which of the following is a term for laws that limit the types of business activities
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 27. (p. 363) Which of the following is false regarding contracts for necessaries entered into by minors? A. A minor […]
Business Law Chapter 16 3 what type of agreement did Janice have the customer with green hair sign
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 49. (p. 379) Which of the following are contracts that contain multiple parts which can each be performed separately and […]
Business Law Chapter 17 1 Susie and Sam have significant funds invested with a stock broker named
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 386) A mistake of fact is an erroneous belief about the facts of the contract at the time […]
Business Law Chapter 17 2 which of the following occurs when one of the parties to a contract
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 29. (p. 391) Which of the following is true regarding the effect of an innocent misrepresentation on a contract? A. […]
Business Law Chapter 17 3 the reasoning in innocent misrepresentation cases resembles the reasoning
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 48. (p. 391) The reasoning in innocent misrepresentation cases resembles the reasoning in a[n] ______ case. A. Duress B. Unilateral […]
Business Law Chapter 18 1 she agreed to loan her nephew Todd $100,000 with payments
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 405) There is federal U.S. legislation titled “Statute of Frauds”. FALSE There is no federal legislation entitled “Statute […]
Business Law Chapter 18 2 which of the following was the result in the case in the text Shelby’s
18–21 29. (p. 410) Which of the following is true regarding what is considered an interest in land within the statute of frauds? A. Interests in land within the statute of frauds include promises to sell crops annually and agreements […]
Business Law Chapter 18 3 the promise does not fall within the statute and does not have to be in writing
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 47. (p. 418) Which of the following is true regarding writings created at the same time as a written agreement? […]
Business Law Chapter 19 1 what is the term for the party to a contract who transfers
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 429) There is no legally required wording to be used or forms to be filled out for assignments […]
Business Law Chapter 19 2 which of the following states that in the case of multiple assignments
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 28. (p. 434) Which of the following states that in the case of multiple assignments of the same right, the […]
Business Law Chapter 19 3 what would be the likely result of a lawsuit brought by Richard against
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 48. (p. 443) Which of the following is true regarding the rights of an incidental beneficiary to a contract to […]
Business Law Chapter 2 1 Ethical conversation is primarily about finding the one and only right
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 16) Ethical conversation is primarily about finding the one and only right thing to do. FALSE Ethical conversation […]
Business Law Chapter 2 2 Which of the following would be a stakeholder in the above company
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 27. (p. 18) Which of the following is true regarding meeting the minimal standard of business ethics suggested by Brooke? […]
Business Law Chapter 2 3 which of the following is also referred to as ethical fundamentalism
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 46. (p. 33) Which of the following is also referred to as ethical fundamentalism? A. Ethical relativism B. Absolutism C. […]
Business Law Chapter 20 1 which of the following are the two primary kinds of performance
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 452) Under ordinary circumstances, a party’s duty to perform a promise agreed to in a contract is absolute. […]
Business Law Chapter 20 2 the obligation to use reasonable efforts to minimize damage resulting
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 28. (p. 455) A _____ occurs whenever a party fails to perform his or her obligations under the contract. A. […]
Business Law Chapter 20 3 from what country did equitable remedies, as applied in the U.S., grow
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 46. (p. 467) From what country did equitable remedies, as applied in the U.S., grow? A. France B. Italy C. […]
Business Law Chapter 21 1 what did the court in Reilly foam corp. v. Rubbermaid Corp
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 475) Federal law is the primary method by which to interpret sales contracts. FALSE Federal statutes do not […]
Business Law Chapter 21 2 courts allow parties to explain or supplement a written contract with
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 30. (p. 488) Which of the following is true regarding the holding of the court in The Travelers Property Casualty […]
Business Law Chapter 21 3 what kind of offer did the manager at abc carpet make to beau
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 49. (p. 475) Which of the following is true regarding the creation of the Uniform Commercial Code? A. The Uniform […]
Business Law Chapter 22 1 which of the following occurs when goods are delivered to a buyer via
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 496) Good faith is generally relevant in determining whether someone with a void title can pass a good […]
Business Law Chapter 22 2 assume a buyer and seller execute a contract in which the seller is going
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 27. (p. 500) Assume a buyer and seller execute a contract in which the seller is going to deliver a […]
Business Law Chapter 22 3 purchases a couch from good furniture store to use in her home
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 46. (p. 505) Which of the following are types of conditional contracts? A. Sale-on-approval contracts, but not sale–or-return or condition-or-sale […]
Business Law Chapter 23 1 acquiesced to without objection is relevant to determine what the parties’
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 515) Conforming goods are goods that conform to UCC specifications. FALSE Conforming goods are goods that conform to […]
Business Law Chapter 23 2 in reference to the case in the text Dejesus v cat auto tech. corp.
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 28. (p. 517) Under sections of the UCC, sellers and lessors have the right to ______ or fix problems with […]
Business Law Chapter 23 3 when may a buyer revoke acceptance if a nonconformity substantially
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 46. (p. 521–522) Which of the following is true under the UCC regarding the right of a seller or lessor […]
Business Law Chapter 24 1 which of the following was the result on appeal in Detroit radiant products company
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 531) The UCC adopts several common law principles. TRUE The UCC adopts several common law principles. AACSB: Analytic […]
Business Law Chapter 24 2 when may a lessor reclaim goods when a lessee in possession of the goods
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 27. (p. 535) Under UCC 2A-525(2) when may a lessor reclaim goods when a lessee in possession of the goods […]
Business Law Chapter 24 3 when a buyer justifiably revokes acceptance of goods, the measure of direct
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 47. (p. 540–541) Which of the following is true regarding whether usage of trade may impose a remedy in the […]
Business Law Chapter 26 1 Suzanne arranged with ABC bank for a revolving line of credit up to
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 564) A currency or cash substitution is a relatively new development in the law arising in the 20th […]
Business Law Chapter 26 2 documents used as payments to facilitate commercial transactions were labeled
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 26. (p. 564) Documents used as payments to facilitate commercial transactions were labeled as ______ under article 3 of the […]
Business Law Chapter 26 3 for an instrument to be negotiable, the instrument must indicate that
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 48. (p. 574) For an instrument to be negotiable, the instrument must indicate that it was created for the purpose […]
Business Law Chapter 27 1 Helen worked for ABC company as the company treasurer. she took 20
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 583) In Russia a transaction involving a promissory note is a legitimate documentary transaction. TRUE In March 1997, […]
Business Law Chapter 27 2 which of the following is an example of a restrictive endorsement
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 33. (p. 586) Which of the following is not an example of a restrictive endorsement? A. The endorsement for deposit […]
Business Law Chapter 27 3 would the school be able to require that Susan cover the amount
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 3 Hard Learning Objective: 27-03 What requirements must be met to obtain […]
Business Law Chapter 28 1 the type of liability that occurs based on a person signing a negotiable
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 605) According to the UCC, a signature can be any name, word, mark, or symbol used by a […]
Business Law Chapter 28 2 violet has authority to act on behalf of and bind Robert
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 36. (p. 611) Violet has authority to act on behalf of and bind Robert. Which of the following legal term […]
Business Law Chapter 29 1 which of the following is the party ordered to pay on a draft
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 630) According to the UCC, a check is a special kind of draft. TRUE According to the UCC, […]
Business Law Chapter 29 2 when the depositary bank is the same bank as the payor bank
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 30. (p. 637) Which of the following is a bank, other than a payor bank, handling the check at any […]
Business Law Chapter 29 3 if a customer’s ATM card is lost or stolen, the customer must notify
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 51. (p. 650) If a customer’s ATM card is lost or stolen, the customer must notify the bank within _____ […]
Business Law Chapter 3 1 doctor sally was sued for malpractice based on allegedly removing
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 39) Juries decide questions of law. FALSE Only judges can decide questions of law. AACSB: Analytic Accessibility: Keyboard […]
Business Law Chapter 3 2 will a plaintiff be allowed to assert jurisdiction over a defendant in
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 33. (p. 41) Paul lives in Florida but owns property in Tennessee for which he has not paid property tax […]
Business Law Chapter 3 3 what standard of proof would the trial judge have applied
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 55. (p. 54) Jane’s action against Greg for the tire is called a ______. A. Counterclaim B. Cross-Claim C. Third-party […]
Business Law Chapter 3 4 the challenge to the juror who said that they could not be fair
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 68. (p. 55) Which of the following are written questions that one party sends to another to answer under oath? […]
Business Law Chapter 30 1 whether the security interest was automatically perfected as an interest in
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 660) Collateral is the property that is subject to a security interest. TRUE Collateral is the property that […]
Business Law Chapter 30 2 which of the following is a term used to identify a person
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 28. (p. 665) Which of the following is true regarding a security interest in consumer goods? A. A financing statement […]
Business Law Chapter 30 3 how long does a debtor have in which to object to a secured party’s
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 46. (p. 672) Which of the following is true regarding the definition of default under the UCC? A. The UCC […]
Business Law Chapter 31 1 whether monthly proceeds from a reverse mortgage were subject to garnishment
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 684) Creating a mechanic’s lien on property automatically ensures that the contractor who filed the lien will receive […]
Business Law Chapter 31 2 what is the amount of the homestead exemption
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 31. (p. 688) Which of the following exemptions permits a debtor to retain all or a portion of the family […]
Business Law Chapter 31 3 what is the most likely reason that the judge refused to allow the sheriff
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 49. (p. 685) Assuming the court follows the reasoning of Bates County Redi-Mix Inc. v. Windler discussed in the text, […]
Business Law Chapter 32 1 which of the following is considered a debtor eligible for chapter 7 relief
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 702) The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 included only minor changes to bankruptcy law. […]
Business Law Chapter 32 2 which of the following are permitted to file under chapter 11 reorganization
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 29. (p. 706) By filing a[n] ______ petition under Chapter 7, creditors can attempt to force a debtor into bankruptcy. […]
Business Law Chapter 32 3 what is the status of the exemption she claimed on the residence
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 48. (p. 720) Which of the following is false regarding Chapter 13 of the bankruptcy code? A. Chapter 13 permits […]
Business Law Chapter 33 1 which of the following types of agency occurs when a principal leads a third
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 728) Agency law is primarily federal law. FALSE Agency law is primarily state law. AACSB: Analytic Accessibility: Keyboard […]
Business Law Chapter 33 2 which of the following is the term used to describe the duty and responsibilities
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 27. (p. 728) As set forth in the text, which of the following is false regarding agency law in relation […]
Business Law Chapter 33 3 in non-contractual relationships, which of the following may the agent
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 47. (p. 743) A ______ trust is an equitable trust imposed on one who wrongfully obtains or holds legal right […]
Business Law Chapter 34 1 employee’s significant deviation from the employer’s business is often
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 752) When making decisions about an agency relationship’s liability to third parties, courts must first identify whether property […]
Business Law Chapter 34 2 whether an act committed by an employee occurred within the course
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 26. (p. 754) Which of the following is true regarding liability of a principal if a contract an agent makes […]
Business Law Chapter 34 3 the employer has the right to recover from the employee any damages
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 46. (p. 763) Which of the following is false regarding revocation of the authority of an agent and renunciation by […]
Business Law Chapter 35 1 a person who decides to go into business on his or her own without
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 772) A sole proprietor is considered a separate legal entity. FALSE The sole proprietorship is not considered a […]
Business Law Chapter 35 2 the Mexican limited liability company is derived from the model in which
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 29. (p. 777) Which of the following offers tax advantages of a partnership and liability advantages similar to a corporation, […]
Business Law Chapter 35 3 agreement between at least one general partner and at least one limited partner
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 48. (p. 780) Which of the following would likely be formed by farmers who want to pool certain crops together […]
Business Law Chapter 36 1 if no partnership agreement exists, which of the following generally
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 796) No partnership is created based upon an employer sharing profits with an employee as payment for work. […]
Business Law Chapter 36 2 when the articles of partnership are silent, which of the following
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 26. (p. 802) Which of the following does the duty of obedience that one partner owes to another reference? A. […]
Business Law Chapter 36 3 what is the written agreement creating the partnership entered into
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 46. (p. 804) Which of the following is true if a partner commits a tort within the scope of his […]
Business Law Chapter 37 1 that does not specify the objective or duration of the partnership
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 814) Before a partnership may be terminated, the partnership must experience the winding–up stage, but not the dissolution […]
Business Law Chapter 37 2 what does the term “full dissolution” of a partnership mean in Spain
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 26. (p. 820) What does the term “full dissolution” of a partnership mean in Spain? A. That the partnership ends […]
Business Law Chapter 37 3 limited partnerships are also known as which of the following
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 45. (p. 824) Limited partnerships are also known as which of the following? A. General partnerships B. Limited liability partnerships […]
Business Law Chapter 38 1 who had appointed an agent for service of process there but had done
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 834) A corporation must be dissolved if over 50% of the shareholders die. FALSE If shareholders die, corporations […]
Business Law Chapter 38 2 which of the following is another name for debt securities
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 32. (p. 842) Which of the following is a corporation that has not substantially met the requirements of the state […]
Business Law Chapter 38 3 owners of which of the following types of stock enjoy preferences
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 50. (p. 846) Owners of which of the following types of stock enjoy preferences with respect to assets and dividends? […]
Business Law Chapter 39 1 whether a corporation engaged in a “squeeze-out” as to a minority shareholder
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 863) A stock subscription agreement signed before incorporation may obligate a person to purchase shares in the corporation. […]
Business Law Chapter 39 2 under the revised model business corporation act, how long do proxies
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 30. (p. 854) Which of the following owns a corporation? A. Directors B. Officers C. Shareholders D. Affiliates E. The […]
Business Law Chapter 39 3 how many votes will the minority shareholders have in the election
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 48. (p. 865) Which of the following gives preference to shareholders to purchase shares of a new issue of stock? […]
Business Law Chapter 4 1 which of the following is an extension of negotiation
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 68) The term ADR refers to the resolution of legal disputes through methods other than litigation. TRUE The […]
Business Law Chapter 4 2 would the arbitration agreement be deemed void because it provided
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 26. (p. 73) Would the arbitration agreement be deemed void because it provided that the arbitrator was not bound by […]
Business Law Chapter 4 3 in which of the following do parties select a neutral third party
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 45. (p. 83) What is a summary jury trial? A. An abbreviated trial that leads to a nonbinding jury verdict. […]
Business Law Chapter 40 1 meaning that contracts are construed in accordance with standard criteria for contract
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 875) Today, consolidations are very rare. TRUE Today, consolidations are very rare. AACSB: Analytic Accessibility: Keyboard Navigation Blooms: […]
Business Law Chapter 40 2 in which of the following does an aggressor pay cash to target shareholders
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 28. (p. 884) Which of the following was the result on appeal in Royal Crown Companies Inc., v. McMahon , […]
Business Law Chapter 40 3 the board not wishing to be involved in liquidation proceedings
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 46. (p. 885) Which of the following is false regarding involuntary liquidation? A. The state may initiate dissolution procedures. B. […]
Business Law Chapter 41 1 which of the following references stock and bonds issued by corporations
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 896) If a violation of federal securities laws is serious enough to merit criminal prosecution, the Fraud Section […]
Business Law Chapter 41 2 which of the following references a profit made by a statutory insider
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 30. (p. 898) Once an issuer files a registration statement and prospectus, the ______ period begins. A. Advertising B. Post-filing […]
Business Law Chapter 41 3 was Linda engaged by purchasing the shares after she found out about
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. “Coffee shops.” Bernice wants to open a chain of coffee shops but needs some investors. Her friend Robbie tells Bernice […]
Business Law Chapter 42 1 the family and medical leave act guarantees all eligible employees up
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 917) The Fair Labor Standards Act covers employers engaged in intrastate commerce or the production of goods for […]
Business Law Chapter 42 2 the union will be certified as the bargaining representative
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 26. (p. 922) Which of the following was the result on appeal in Delgado v. Phelps Dodge Chino Inc. , […]
Business Law Chapter 42 3 which of the following is the appropriate term for the work stoppage engaged
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 46. (p. 933) Striking union members of ABC Company decide that picketing ABC Company is not accomplishing the desired results […]
Business Law Chapter 43 1 which title of the civil rights act of 1964 deals with discrimination
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 939) The concept of at-will employment excludes the concept that an employee may quit at any time. FALSE […]
Business Law Chapter 43 2 in the area of employee testing, which of the following isolates some skill
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 28. (p. 949) In the area of employee testing, which of the following isolates some skill used on the job […]
Business Law Chapter 43 3 what type of harassment, if any, was involved in candy’s indication
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 48. (p. 961) Which of the following is false regarding the status of women in Saudi Arabia? A. Women are […]
Business Law Chapter 44 1 parties in a dispute before an administrative law judge may reach a settlement
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 967) Administrative law consists of procedural, but not substantive, rules. FALSE Administrative law consists of the substantive and […]
Business Law Chapter 44 2 which of the following is a basic limit on agency power
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 30. (p. 969) Agencies are classified as either ______ or ______. A. Legislative; executive B. Legislative; independent C. Judicial; independent […]
Business Law Chapter 44 3 in order to be upheld in court, an agency’s fact finding must be supported
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 50. (p. 977) In order to be upheld in court, an agency’s fact finding must be supported by which of […]
Business Law Chapter 45 1 which of the following is the term used for the requirement of the federal trade
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 987) A consumer law is a statute or administrative rule serving to protect consumer interests. TRUE A consumer […]
Business Law Chapter 45 2 the flammable fabrics act of 1953 made it illegal to produce or distribute
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 27. (p. 1001) Which of the following is not expressly prohibited by the Fair Debt Collection Practices Act? A. Using […]
Business Law Chapter 45 3 under the truth-in-lending act which of the following types of information
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 46. (p. 1005) Which of the following is the agency responsible for enforcing the Federal Food, Drug, and Cosmetic Act? […]
Business Law Chapter 46 1 review the scientific evidence to determine whether new discoveries have shown
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 1014) Pollution has not always been seen as a problem in the U.S. TRUE Once we viewed evidence […]
Business Law Chapter 46 2 what are the 1972 amendments to the federal water pollution control act commonly
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 26. (p. 1020) Once the administrator of the EPA establishes National Ambient Air Quality Standards, each state has _____ to […]
Business Law Chapter 46 3 the action of the government in cleaning up the farm could best be described
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 46. (p. 1029) Which of the following is true regarding the U.S.’s rank in a recent study that ranked 142 […]
Business Law Chapter 47 1 its prices on certain flights once spirit airlines began to compete
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 1036) A business arrangement in which stock owners appoint beneficiaries and place their securities with trustees who manage […]
Business Law Chapter 47 2 which of the following references the type of conglomerate merger that occurs
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 28. (p. 1042) Which of the following was left the responsibility of identifying which specific behaviors were prohibited under the […]
Business Law Chapter 47 3 which of the following is a set of rights and interests in relation to
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 47. (p. 1045) In attempting to establish a violation of the Sherman Act, what type of trade violation would the […]
Business Law Chapter 48 1 the earnest money will apply toward the purchase price
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 1065) Ownership of property is referred to as “title.” TRUE Ownership of property is referred to as title. […]
Business Law Chapter 49 2 which of the following is the least desirable type of deed from the grantee’s perspective
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 29. (p. 1087) Which of the following was the result on appeal in Sauls v. Crosby , the case in […]
Business Law Chapter 49 3 Patricia buys a house from Jake but does not record her ownership interest
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 49. (p. 1095) Which of the following is the legal process by which a transfer of property is made by […]
Business Law Chapter 5 1 according to the principle of federalism established by the u.s
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 93) The U.S. Constitution establishes a system of government based on the principle of federalism. TRUE The U.S. […]
Business Law Chapter 5 2 which amendment extends most of the provisions of the bill of rights to the states
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 26. (p. 102) Is Bill correct? A. He is incorrect. The U.S. Constitution contains no such reservation. B. He is […]
Business Law Chapter 5 3 which of the following references rights sam had in regard to a hearing
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 47. (p. 114) Which of the following references rights Sam had in regard to a hearing? A. Sam’s right to […]
Business Law Chapter 50 1 if leased premises become unsuitable for use because of a landlord’s wrongful
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 1109) If a landlord retains control of and access to property, the relationship is likely not a landlord-tenant […]
Business Law Chapter 50 2 any tenant conduct that causes permanent and substantial injury to the
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 30. (p. 1116) Which of the following is a requirement that leased premises be fit for ordinary residential purposes? A. […]
Business Law Chapter 50 3 tenant can sue for damages or bring a suit against the landlord for breach of contract
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 48. (p. 1125) Which of the following references the ending of a lease before its stated term by mutual agreement […]
Business Law Chapter 51 1 clause states that after an insurance policy has existed for a specified period of time
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 1132) Insurance is defined as a contract in which the insured party makes payments to the insurer in […]
Business Law Chapter 51 2 if an insurance policy covers an individual’s life or health
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 29. (p. 1141) If an insurance policy covers an individual’s life or health, the insurance is ______ insurance. A. Personal […]
Business Law Chapter 51 3 on which of the following legal theories would the insurer likely attempt
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 48. (p. 1142) Which of the following types of life insurance provides protection for the entire life of the insured […]
Business Law Chapter 52 1 the uniform anatomical gifts act (Uaga) provides that any individual
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 1150) Federal law is the primary law governing wills. FALSE State law protects the wishes individuals have outlined. […]
Business Law Chapter 52 2 chosen by the testator collects the testator’s property, pays debts and taxes
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 30. (p. 1158) When someone dies, a[n] ______ chosen by the testator collects the testator’s property, pays debts and taxes, […]
Business Law Chapter 52 3 when a trust is terminated, which of the following is the appropriate
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 51. (p. 1163) Signatories to ______ agree to accept wills of other signatories for probate, as to matters of form, […]
Business Law Chapter 6 1 what has the u.s. supreme court held regarding whether u.s. courts must
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 125) The terms international law and comparative law do not mean the same thing. TRUE International law governs […]
Business Law Chapter 6 2 which type of legal system exists in North Korea
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 27. (p. 128) Which of the following is a practice wherein an exporter sells products in a foreign state for […]
Business Law Chapter 6 3 assuming that Tara decides to proceed as Maria proposes, their arrangement would
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 49. (p. 135) What is the federal minimum wage per hour in the U.S.? A. $7.25 B. $8.30 C. $5.30 […]
Business Law Chapter 7 1 which of the following is the term that describes wrongful behavior
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 150) The primary purpose of criminal law is to compensate a victim. FALSE The purpose of criminal law […]
Business Law Chapter 7 2 the president of ABC company, falsified documents to make it
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 31. (p. 156) Zack, the president of ABC Company, falsified documents to make it appear as if he had been […]
Business Law Chapter 7 3 which of the following occurs when a defendant makes a first appearance
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 51. (p. 169) Of which of the following must a defendant be informed before questioning? A. That the defendant must […]
Business Law Chapter 7 4 upon which amendment did martin rely in refusing to testify at trial
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 65. (p. 155) Of which of the following offenses, if any, is Alice guilty of by buying stock? A. She […]
Business Law Chapter 8 1 what did the court rule in regard to the plaintiff’s claim of intentional
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 185) Tort law is primarily state law. TRUE Tort law is primarily state law, so states may have […]
Business Law Chapter 8 2 which of the following torts seek to compensate people wrongfully subjected
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 28. (p. 193) Under a conditional privilege, a party will not be held liable for defamation unless the false statement […]
Business Law Chapter 8 3 Millie’s action in jabbing Bernard after she missed his nose
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 48. (p. 203) _______________ damages are a small amount of money given to recognize that a defendant did indeed commit […]
Business Law Chapter 9 1 courts usually award punitive damages in cases in which the offender
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1. (p. 216) In some situations, the law specifies the duty of care one individual owes to another. TRUE The […]
Business Law Chapter 9 2 why have most states replaced the contributory negligence defense
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 30. (p. 221) Which of the following aids plaintiffs in establishing negligence claims? A. Only res ipsa loquitur B. Only […]
Business Law Chapter 9 3 do individuals have a general duty to rescue strangers from perilous situations
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 51. (p. 229) Which of the following is liability without fault? A. Negligence. B. Assumption of the risk. C. Strict […]
JD 19099
In reference to the case in the text, Ex Parte Emmette L. Barran, III, what was the result after the plaintiff sued the national and local Kappa Alpha organization following hazing activities? A. The court ruled that under pure contributive […]
JD 19888
When Article 2 is silent on an issue of sales contract formation or interpretation and there is no state statutory law in place on that matter, _____. A. The common law rules apply B. The civil law rules apply C. […]
JD 48123
Which of the following is sometimes referred to as “but for” causation? A. Proximate cause. B. Significant cause. C. Actual cause. D. Legal cause. E. Constructive cause. “Diving fiasco.” Mike, who owns a dive shop in the U.S., takes a […]
JD 48726
“To the Dogs.” Alice loves all animals and is starting a new grooming business for them. She believes that animals are very important and plans to exceed any applicable regulations regarding cleanliness and health standards. Alice thinks, however, some local […]
JD 49693
Which of the following is false regarding a principal’s duties to an agent? A. An agent can sue the principal if the principal does not fulfill duties owed to the agent. B. An agent may be entitled to contract remedies […]
JD 50706
Securities may be sold during the prefiling period. The UCC assumes that the seller has the right to transfer title free and clear of infringements of intellectual property rights of which the buyer does not have knowledge. Answer: TRUE In […]
JD 53520
“Leaky Tub and Flaming Watercraft.” Charles finished college, got a good job, and decided to sell some used toys and buy newer ones. A used hot tub with a leak in it and a personal watercraft were at the top […]
JD 57618
In most states, proximate cause is determined by _______. A. Actual cause B. Common law C. Foreseeability D. But-for causation E. Strict liability The concept of _____ suggests that individuals should have the freedom to disobey a law enacted by […]
JD 58372
The National Labor Relations Board lacks jurisdiction over persons employed by a spouse or parent. The law does not permit an oral negotiable instrument. Answer: TRUE Which of the following is true regarding the application of negligence per se in […]
JD 59043
Mary is an agent for ABC Photography, owned by Phil. Without disclosing her agency status, Mary agrees by contract to take Polly’s wedding photographs. When Phil finds out, he explains the agency relationship he has with Mary to Polly and […]
JD 60690
In the landlord-tenant relationship, the owner of the property is called the _____. A. Landlord or lessor B. Landlord or lessee C. Holder or lessor D. Holder or lessee E. Holdee or lessee Which of the following is one of […]
JD 60834
Executive agencies are referred to as which of the following? A. Judicial-level agencies B. Adjudicative agencies C. Cabinet-level agencies D. Approval agencies E. Presidential agencies Which of the following was the result on appeal in Murphy v. New Milford Zoning […]
JD 61030
Which of the following occurs when a group within a corporation, usually management, buys all outstanding corporate stock held by the public? A. An asset purchase B. A leveraged buyout C. A management buyout D. A corporate buyout E. An […]
JD 61225
A ______ is a specific draft, drawn by the owner of a checking account, ordering the bank to pay the payee from that drawer’s account. A. Promissory contract B. Certificates of deposit C. Note D. Check E. Time instrument “Rough […]
JD 64514
Which of the following is true regarding any right of inspection in regard to buyers? A. The UCC provides for no right of inspection for buyers, and the right of inspection is only available to the buyer if it is […]
JD 84078
The UCC states that a customer can postdate a check and that the customer has no obligations to give the bank notice of the postdated check. Substitution of a party to a contract is called guaranteeing. Answer: FALSE Sometimes the […]
JD 84429
As long as an agent is authorized to sign a negotiable instrument on behalf of a principal, the agent’s signature can create liability for the principal. The laws of intellectual property protect property that is primarily the result of mental […]
JD 88982
“Four Paws Protection.” Congress set up a new agency to more closely regulate testing of personal and cosmetic products on animals. Legislation was passed naming the agency the “Animal Protection Commission,” and setting forth the function of the agency and […]
JD 96213
Which of the following is a business that exists because of an arrangement between the owner of a trade name or trademark and a person who sells goods or services under the trade name or trademark? A. Joint venture B. […]
JD 97563
“Book Sale.” Beverly offered to sell Rick a used business law book for $50. She told him that he could use it in his upcoming business law class the next semester. In fact, there was a problem with the book; […]
LAW 39507
Which of the following is a requirement that leased premises be fit for ordinary residential purposes? A. Warranty of residence B. Agreement of acceptability C. Contract of residence D. Implied warranty of habitability E. Covenant of quiet enjoyment Belinda purchases […]
LAW 44075
Under which of the following circumstances will a court refuse to uphold modifications or limitations to remedies agreed upon by the parties? A. When they seem to give one side a benefit. B. When one party is a corporation. C. […]
LAW 46612
A[n] ______ is created when two parties enter into a contract with the intended end purpose of benefiting a third party. A. Third-party beneficiary B. Second-party beneficiary C. First-party beneficiary D. Assignment E. Creditor Beneficiary A majority of citizens in […]
LAW 59211
Which of the following is a mark licensed by a group that has established certain criteria for use of the mark, such as “U.L. Tested” or “Good housekeeping Seal of Approval”? A. Product trademark B. Collective mark C. Certification mark […]
LAW 73317
“Friends and Family.” Mindy was very close to her family and friends. She also liked to spend and had a large amount of consumer debt for items such as jewelry, clothing, a personal watercraft, and a new car. Mindy was […]
LAW 77732
Defense of property cannot be a defense to a claim of battery. The UCC does not allow a seller to cancel a contract if the buyer is in breach. Answer: FALSE UCC Sections 2-703(f) and 2A-523(1)(a) allow a seller or […]
LAW 85163
Positive abstractions that capture our sense of what is good or desirable are called ______. A. Ethical ideas B. Values C. Conscience demands D. Desirable principles E. Action goals What is the name of the law signed by President Bush […]
LAW 88799
Which of the following is an act passed by Congress and serves as a major limitation on how federal agencies are run? A. The Agency Restriction Act B. The Regulatory Agency Act C. The Agency Regulation Act D. The Administrative […]
LAW 89027
“Convertibles.” Barry, a new car dealer, advertised that a new brand of convertible called Wind would be available at his dealership for the price of $10,000 each. He had only three Wind vehicles, however; and when those were sold, he […]
LAW 90453
A _____ of personal property is a relationship that arises when one party transfers possession of personality to another to be used in an agreed-on manner for an agreed-on time period. A. Bailment B. Transfer C. Loan D. Release E. […]
LAW 96316
What does the term “FAS” when used as a shipping term represent? A. Found as Seen B. Fee as Selected C. Freedom Alongside D. Free Alongside E. Found as Selected Historically, why was a landlord not responsible for ensuring that […]
LAW 98403
Which of the following was the ruling of the court in the Case Opener regarding the gambler who wrote bad checks to a casino to purchase markers and then tried to avoid payment on the basis of an oral agreement […]
LB 24818
A contract of an intoxicated person for necessaries will be enforced for the reasonable value of the necessaries. The United States is not a party to the Central American Free Trade Agreement. Answer: FALSE The United States is a party […]
LB 29178
Which of the following would not be considered an example of consideration? A. A promise to be on time for class all semester. B. A promise to stop drinking sports drinks. C. A promise to walk the neighbor’s dog. D. […]
LB 39862
If an appellate judge agrees with the majority’s decision, but for different reasons, the judge may write a “concurring” opinion. Japanese law fails to recognize fault of the part of the consumer in product liability cases, and manufacturers must bear […]
LB 44008
Which of the following was the court’s ruling on appeal in Danny Lambert v. Mazer Discount Home Centers Inc., the case in the text in which the plaintiff alleged age discrimination following a change in management and his discharge? A. […]
LB 56368
Which of the following is false regarding bankruptcy proceedings in Spain? A. In order to be effective, an arrangement representing a proposed settlement between the debtor and creditors must be approved by creditors representing at least 20 percent of the […]
LB 58744
Which of the following was the result in the case in the text William Cavanaugh v. Margaret McKenna, the case in which the plaintiff was sued for opening a funeral home after she agreed to refrain from doing so in […]
LB 61254
“Repossession.” Tina sold used vehicles. She sold a used pick-up truck to Joan and a used convertible to Barry. She properly obtained a security interest in both vehicles. Both Joan and Barry defaulted on payments owed to Tina for the […]
LB 64589
The obligation to use reasonable efforts to minimize damage resulting from a breach is referred as the duty to ______ one’s damages. A. Reduce B. Remit C. Reform D. Mitigate E. Migrate Which of the following did Congress pass in […]
LB 64741
Which of the following is true regarding transportation costs when the designation FOB is used? A. The selling price includes transportation costs. B. The selling price does not include transportation costs. C. The buyer and seller bear transportation costs with […]
LB 69423
“Big Spender.” Wally was a partner in XYZ law firm. He decided to withdraw from the partnership because he wanted to retire early somewhere in the Caribbean. The partnership agreement of XYZ law firm did not specify the objective or […]
LB 72367
“Animal Care.” Susan, a licensed veterinarian, was recently elected to the U.S. Senate. Susan is very concerned about the lack of care for homeless cats and dogs. She proposes legislation that citizens of all states be taxed sufficiently to provide […]
LB 76527
“Air Improvement.” Paula is very annoyed because a business near her neighborhood has an incinerator that releases pollutants. She discussed the matter with her local city council representative, Bruno, who told her that only the federal government can enforce laws […]
LB 83694
In most states, a corporation’s bylaws can negate preemptive rights. Strict liability is liability without fault. Answer: TRUE Strict liability is liability without fault. A limited partnership is one in which the partners share management responsibilities equally, but some partners […]
LWB 10760
An implied trust is also called a[n] ______ trust. A. Untrue B. Involuntary C. Reviewed D. Judicial E. Trustless Which of the following was the first federal administrative agency created? A. The Interstate Commerce Commission B. The Securities and Exchange […]
LWB 16078
If an accommodated party pays a note when it is due, the accommodated party can force any accommodation party to contribute based upon the number of accommodation parties that exist. Banks are required by the UCC to certify the check […]
LWB 18102
“Business Law Rocks.” Business law teacher Penny ordered 50 T-shirts for her classes that said “Business Law Rocks” on the front. She wanted to give them out on the last day of class and contracted with Frank, who owned a […]
LWB 28469
The rule originates in common law that when a seller transfers goods to a buyer, the buyer gets only voidable title if the buyer is a minor. A board of directors may take no action that benefits a director in […]
LWB 29640
The reasoning in innocent misrepresentation cases resembles the reasoning in a[n] ______ case. A. Duress B. Unilateral mistake C. Mutual mistake D. Fraudulent misrepresentation E. Negligent misrepresentation “Overextended Debtor.” For his home, Dennis purchased a big screen television from ABC […]
LWB 30073
A contract is ______________ if one or both of the parties, without breaching the contract, have the ability to either withdraw from the contract or enforce it. A. Voidable B. Executory C. Implied D. Executed E. Void Which of the […]
LWB 34876
Which of the following was the result in Family Winemakers of California v. Jenkins, the case brought by winemakers from California challenging a Massachusetts law distinguishing between how large and small winemakers could distribute their wines in Massachusetts? A. That […]
LWB 38714
“Appellate Court.” Jim, who is a bit eccentric, says that he is fed up with the way a certain employer in his town treats employees and that he is going to sue on behalf of all those employees. Jim also […]
LWB 55159
Which of the following is true regarding the effect of a debtor offering to pay a different type of payment, for example, goods instead of money, on a debt for which there is not a dispute over the amount or […]
LWB 58993
Which of the following occurs when someone engages in outrageous, intentional conduct likely to cause extreme emotional distress to the party toward whom the conduct is directed? A. Negligent infliction of emotional distress. B. Intentional infliction of strict-liability distress. C. […]
LWB 61212
A[n] _______________ arises when a person acknowledges in court that he or she will perform some specified act or will pay a price upon failure to do so. A. Contract under seal B. Voidable contract C. Recognizance D. Implied-in-fact E. […]
LWB 61590
A[n] ______ deed is the most commonly used deed to transfer property and contains certain promises by the grantor. A. Quitclaim B. Special warranty C. Approved D. General warranty E. Specific Which of the following was a finding of the […]
LWB 61620
Which of the following was the result in the Case Opener in which Hallmark claimed that an arbitration ruling against a former employee should be upheld? A. The former employee was barred from proceeding in court because of the binding […]
LWB 66862
Which of the following is true regarding the obligations of the parties if leased premises are destroyed through a fire or other disaster not the fault of the landlord? A. The lessee must continue paying rent until the premises are […]
LWB 67081
Bill did not keep a close watch on his ATM card. He discovered, however, when he started to purchase some presents for his girlfriend that it was missing. Unfortunately, over $1,000 had been fraudulent purchased using the card by the […]
LWB 84332
A _____ occurs whenever a party fails to perform his or her obligations under the contract. A. Split B. Break C. Breach D. Misdeed E. Mistake Which of the following is true regarding Chinese law? A. China currently has legislation […]
LWB 86248
What types of ADR techniques exist in Japan? A. Compromise and conciliation, but not arbitration B. Conciliation and arbitration, but not compromise C. Arbitration, but not compromise or conciliation D. Compromise, conciliation, and arbitration E. ADR is outlawed in Japan […]
LWB 94217
The Mexican limited liability company is derived from the model in which of the following countries? A. The United States B. Canada C. Italy D. Spain E. Germany Which of the following was the result at the Supreme Court level […]
LWP 14780
When may a buyer revoke acceptance if a nonconformity substantially impairs the value of goods? A. For any reason within 24 hours of acceptance. B. For any reason within 48 hours of acceptance. C. For any reason within 7 days […]
LWP 16540
Title VII does not apply to the overseas operations of American firms. The Uniform Electronic Transactions Act reflects the decision that electronic transactions do not constitute a written copy because the electronic transaction is not technically a written document. Answer: […]
LWP 19258
A defendant who believes that he or she has a claim against the plaintiff would include a counterclaim with the answer. According to the UCC, value is consideration. Answer: TRUE According to the UCC, value is consideration. Asset purchases are […]
LWP 26647
Christen graduates from college, receives a job offer across the country, and moves there giving up her apartment and cancelling all the other job interviews. After she gets there, she is told that there is no job. What may she […]
LWP 28851
Bob leases an apartment from Brenda and pays rent of two months in advance, plus a damage deposit. Unfortunately, when he attempts to move in, he finds that Connie is living in the apartment. Connie tells him that Brenda had […]
LWP 36642
Which of the following was the result in Orville Arnold and Maxine Arnold v. United Companies and Michael T. Searls, involving the issue of whether an arbitration agreement entered into as part of a consumer loan transaction containing a substantial […]
LWP 76334
Which of the following is true regarding the effect of a debtor offering to pay less money than is owed as full payment on a debt when the debt itself, in its entirety, is in dispute, and the creditor agrees? […]
LWP 91290
Under the Securities Exchange Act of 1934, executive officers are not considered statutory insiders. Unreasonable zoning may constitute a constructive taking of property by the government. Answer: TRUE Because zoning is intended to regulate property, not take it, it is […]
LWP 92929
Which of the following are foreseeable damages within the contemplation of the parties at the time the contract was made, and that result from special facts and circumstances arising outside the contract itself? A. Consequential B. Punitive C. Liquidated D. […]
LWP 98461
What are the rights of the parties under the UCC to provide for remedies in addition to those provided by the UCC? A. Parties to a commercial sales agreement may provide for remedies in addition to those provided by the […]
M 35105
Usually the issue of ripeness arises when one party claims that a case is moot. Rewriting a contract to reflect what the parties had agreed on is referred to as rescission. Answer: FALSE Reformation occurs when a written contract does […]
M 42845
Through the insurance agreement, the insured party transfers his or her risk of loss of property or life to the insurance company. Corporations are not required to indicate in the name of the corporation that the business is incorporated. Answer: […]
M 43637
A[n] ______ is a judicial order authorizing a local law officer to seize and sell any of the debtor’s nonexempt real or personal property within the court’s geographic jurisdiction. A. Writ of execution B. Order of attachment C. Decree of […]
M 50799
Which of the following is false under federal law regarding employer monitoring of employee telephone calls? A. Employers cannot listen to the private telephone conversations of employees. B. Employers may be subjected to fines of up to $10,000 for violations. […]
M 64872
Which of the following is true regarding awards of punitive damages in the U.S.? A. It is not always easy to predict what a court will do in any given case. B. Punitive damages may not be awarded in excess […]
M 65072
Restrictive covenants are promises to use or not use land in particular ways. The General Agreement on Tariffs and Trade became effective in 2000. Answer: FALSE The General Agreement on Tariffs and Trade (GATT) became effective on January 1, 1948. […]
M 72633
A reference to laws governing the conduct of states and international organizations and their relationships with one another is ______. A. Comparative law B. International law C. Joint law D. Foreign subsidiary law E. Affiliate law Which of the following […]
M 73823
Which of the following is typically an appropriate venue in a lawsuit? A. Only the trial court where the defendant resides. B. Only the trial court where the plaintiff resides. C. Only the location where the dispute occurred if the […]
M 81478
When does title to property pass? A. When the parties intend. B. When a contract is made. C. When physical possession is obtained. D. Twenty-four hours after possession is obtained. E. Three days after a contract is signed. “Missed Payments.” […]
M 92440
“Skateboard Growth.” Both Bernie and John were presidents of small corporations involved with manufacturing and selling skateboards. Bernie’s store was called “ABC Skateboard” and John’s business was called “Skateboard for Health.” Because a large sports store was coming into town, […]