Law for Business and Personal Use (DECA) 19th Edition

ISBN 13
978-0538496902
ISBN 10
0538496908
Authors
Amanda Morrison, John E. Adamson
has exam prep Exam Prep  has homework help Homework Help
33 Exam Prep documents found.
567187
Exam Prep
978-0538496902 Test Bank Chapter 1
Chapter 1: Laws and Their Ethical Foundation 1. Our law codes today are similar to those of civilizations thousands of years old. TRUE TRUE TRUE 2. A group of laws put together in an organized form is called a statute. FALSE FALSE FALSE 3. The Supreme Court
Law for Business and Personal Use 19th Edition
567188
Exam Prep
978-0538496902 Test Bank Chapter 10
Chapter 10: Legal Purpose and Proper Form 1. A gambling agreement on the uncertain outcome of an event is termed a wager. TRUE TRUE TRUE 2. If no interest rate is specified in a loan agreement, the "legal rate of interest" as defined by state statute will be
Law for Business and Personal Use 19th Edition
567189
Exam Prep
978-0538496902 Test Bank Chapter 11
Chapter 11: Contractual Obligations and Their Enforcement 1. If a contractual right is transferred, this does not change the legal rights of the other party to the contract. TRUE TRUE TRUE 2. No consideration is necessary to make a valid assignment. TRUE TRUE TRUE 3. A contract
Law for Business and Personal Use 19th Edition
567190
Exam Prep
978-0538496902 Test Bank Chapter 12
Chapter 12: Contractual Aspects of Marriage and Divorce 1. Along with minimum ages for marriage with or without parental permission, some states have laws specifying a minimum age for dating. FALSE FALSE FALSE 2. No law exists that forces the parents of an illegitimate child to marry. TRUE
Law for Business and Personal Use 19th Edition
567191
Exam Prep
978-0538496902 Test Bank Chapter 13
Chapter 13: Sales Contracts 1. A contract in which ownership of (title to) goods transfers immediately from the seller to the buyer for a price is a contract to sell. FALSE FALSE FALSE 2. When parties exchange goods for goods, the sale is a barter. TRUE TRUE TRUE
Law for Business and Personal Use 19th Edition
567192
Exam Prep
978-0538496902 Test Bank Chapter 14
Chapter 14: Ownership and Risk of Loss in Sales 1. Any person who innocently buys stolen goods from a thief receives title as well as possession. FALSE FALSE FALSE 2. For ownership of goods to be transferred in a sale, the goods must be both existing and identified
Law for Business and Personal Use 19th Edition
567193
Exam Prep
978-0538496902 Test Bank Chapter 15
Chapter 15: Consumer Protection 1. A breach of warranty is not a breach of contract. FALSE FALSE FALSE 2. New drugs cannot be marketed in this country without FDA approval. TRUE TRUE TRUE 3. Caveat emptor means "let the seller beware." FALSE FALSE FALSE 4. If
Law for Business and Personal Use 19th Edition
567194
Exam Prep
978-0538496902 Test Bank Chapter 16
Chapter 16: Property and Its Acquisition 1. Property can be classified as either real or personal. TRUE TRUE TRUE 2. A fixed, original expression of a creative work can be protected by a trademark. FALSE FALSE FALSE 3. A unique word, mark, or symbol identifying products is
Law for Business and Personal Use 19th Edition
567195
Exam Prep
978-0538496902 Test Bank Chapter 17
Chapter 17: Bailments 1. If you lend a pen to a fellow student you have created a bailment. TRUE TRUE TRUE 2. The subject of the bailment must be real property. FALSE FALSE FALSE 3. Actual bailments and constructive bailments are two ways to transfer possession and
Law for Business and Personal Use 19th Edition
567196
Exam Prep
978-0538496902 Test Bank Chapter 18
Chapter 18: Ownership and Leasing of Real Property 1. The riparian rights system and the prior appropriation system are used for regulating water rights. TRUE TRUE TRUE 2. Fixtures installed by a residential tenant will not become the property of the landlord at the end of the lease.
Law for Business and Personal Use 19th Edition
567197
Exam Prep
978-0538496902 Test Bank Chapter 19
Chapter 19: Insurance Law 1. The insurer agrees to pay the insured for loss suffered by the beneficiary. FALSE FALSE FALSE 2. Standard policy and forms of fire insurance may be modified by an insurable interest. FALSE FALSE FALSE 3. Most life insurance policies contain exemptions that excuse
Law for Business and Personal Use 19th Edition
567198
Exam Prep
978-0538496902 Test Bank Chapter 2
Chapter 2: Constitutional Rights 1. The Declaration of Independence was adopted on July 4, 1776, by delegates of the 13 original colonies meeting in Philadelphia. TRUE TRUE TRUE 2. A regulation made by a federal agency does not have the same effect as a law made by Congress. FALSE
Law for Business and Personal Use 19th Edition
567199
Exam Prep
978-0538496902 Test Bank Chapter 20
Chapter 20: Wills, Trusts, and Estates 1. Those who die without a valid will are said to have died testate. FALSE FALSE FALSE 2. A will is a legal expression by which a person directs how his or her property is to be distributed after death. TRUE TRUE TRUE
Law for Business and Personal Use 19th Edition
567200
Exam Prep
978-0538496902 Test Bank Chapter 21
Chapter 21: Agency Law 1. The power of attorney generally ends with the death of the principal. TRUE TRUE TRUE 2. In most circumstances an undisclosed principal means that a third party may only hold the agent liable. FALSE FALSE FALSE 3. When a salesperson makes sales
Law for Business and Personal Use 19th Edition
567201
Exam Prep
978-0538496902 Test Bank Chapter 22
Chapter 22: Employment Law 1. A person need not be supervised to be classified as an employee. FALSE FALSE FALSE 2. An independent contractor receives pay without supervision. TRUE TRUE TRUE 3. Generally, an employee can be discharged if unable to do the work because of illness
Law for Business and Personal Use 19th Edition
567202
Exam Prep
978-0538496902 Test Bank Chapter 23
Chapter 23: Unions and the Employment Relationship 1. A promise not to join a union was a condition of employment under a yellow-dog contract. TRUE TRUE TRUE 2. Before 1842, the courts classified unions as criminal conspiracies. TRUE TRUE TRUE 3. In early labor disputes, ex parte
Law for Business and Personal Use 19th Edition
567203
Exam Prep
978-0538496902 Test Bank Chapter 24
Chapter 24: Discrimination in Employment 1. Paying more money to those who work harder is unjustified discrimination. FALSE FALSE FALSE 2. Members of protected classes are often, but not always, minorities. TRUE TRUE TRUE 3. Justified discrimination is permitted. TRUE TRUE TRUE 4. Federal employment discrimination
Law for Business and Personal Use 19th Edition
567204
Exam Prep
978-0538496902 Test Bank Chapter 25
Chapter 25: Employment-Related Injuries 1. An employer commits the tort of negligence when the duty to provide reasonably safe working conditions for employees is violated. TRUE TRUE TRUE 2. Under the common law, even if an employee proved that the employers negligence caused the injury, the employee would
Law for Business and Personal Use 19th Edition
567205
Exam Prep
978-0538496902 Test Bank Chapter 26
Chapter 26: Forms of Business Organization 1. Unlimited personal responsibility for all debts and for other liabilities that the business may incur is only possible in a sole proprietorship form of business. FALSE FALSE FALSE 2. In a limited partnership every partner is liable only to the extent
Law for Business and Personal Use 19th Edition
567206
Exam Prep
978-0538496902 Test Bank Chapter 27
Chapter 27: The Law of Corporations 1. The major advantage of the corporate form over the partnership form is in the way the corporate form is taxed. FALSE FALSE FALSE 2. The biggest disadvantage of a corporation is the inability to transfer ownership rights in it. FALSE FALSE
Law for Business and Personal Use 19th Edition
567207
Exam Prep
978-0538496902 Test Bank Chapter 28
Chapter 28: Other Business Forms and Environmental Responsibility 1. The government enforces more requirements on a limited partnership than it does on a general partnership. TRUE TRUE TRUE 2. Both the Clean Air Act and the Clean Water Act have been amended to make them more effective. TRUE
Law for Business and Personal Use 19th Edition
567208
Exam Prep
978-0538496902 Test Bank Chapter 29
Chapter 29: Commercial Paper 1. The promissory note is the most common form of commercial paper. FALSE FALSE FALSE 2. Banks are debtors of the depositors in relation to checking accounts. TRUE TRUE TRUE 3. An instrument that reads "Pay to the order of Anita Keys after
Law for Business and Personal Use 19th Edition
567209
Exam Prep
978-0538496902 Test Bank Chapter 3
Chapter 3: Court Systems 1. In the state court system, sheriffs or their deputies have the duty to summon witnesses, keep order in court, and take steps to carry out judgments. TRUE and take steps to carry out judgments. TRUE and take steps to carry out judgments. TRUE 2.
Law for Business and Personal Use 19th Edition
567210
Exam Prep
978-0538496902 Test Bank Chapter 30
Chapter 30: Negotiability and Negotiation of Commercial Paper 1. Negotiable instruments is another term for commercial paper. TRUE TRUE TRUE 2. Negotiability requires that the instrument state that something of value has been given for the paper. FALSE FALSE FALSE 3. Commercial paper is subject to the
Law for Business and Personal Use 19th Edition
567211
Exam Prep
978-0538496902 Test Bank Chapter 31
Chapter 31: Discharge of Commercial Paper and Electronic Fund Transfers 1. Universal defenses are good against all holders but not against holders in due course. FALSE FALSE FALSE 2. Limited defenses are good against a holder through a holder in due course. FALSE FALSE FALSE 3. The obligation
Law for Business and Personal Use 19th Edition
567212
Exam Prep
978-0538496902 Test Bank Chapter 32
Chapter 32: Secured and Unsecured Credit Transactions 1. The point in the process of creating a security interest when the security interest becomes legally effective against the ownership or possession rights of the debtor in the collateral is termed attachment. TRUE TRUE TRUE 2. Because the creditor has collateral
Law for Business and Personal Use 19th Edition
567213
Exam Prep
978-0538496902 Test Bank Chapter 33
Chapter 33: Debtors, Creditors, and Bankruptcy 1. Pledged property may be repledged to a third party as long as the terms of the pledge to the third party do not prevent the original pledgor from getting the property back when the debt is paid. TRUE TRUE TRUE 2. A
Law for Business and Personal Use 19th Edition
567214
Exam Prep
978-0538496902 Test Bank Chapter 4
Chapter 4: Criminal Law and Procedure 1. Crimes are either classified as felonies or misdemeanors according to the severity of their potential punishment. TRUE TRUE TRUE 2. An arraignment happens shortly after a person is arrested when he or she is brought into court and the formal charges are
Law for Business and Personal Use 19th Edition
567215
Exam Prep
978-0538496902 Test Bank Chapter 5
Chapter 5: Civil Law and Procedure 1. Like a crime, a tort is considered to be a public wrong. FALSE FALSE FALSE 2. One act by a defendant cannot be both a crime and a tort. FALSE FALSE FALSE 3. Even children and insane persons may be held
Law for Business and Personal Use 19th Edition
567216
Exam Prep
978-0538496902 Test Bank Chapter 6
Chapter 6: Offer and Acceptance 1. The person to whom an offer is made is termed the offeror. FALSE FALSE FALSE 2. All contracts have to be in writing to be enforceable. FALSE FALSE FALSE 3. A store display of a MP3 player marked $121.00 would be an
Law for Business and Personal Use 19th Edition
567218
Exam Prep
978-0538496902 Test Bank Chapter 8
Chapter 8: Consideration 1. Consideration is what the promisor demands and generally must receive in order to make his or her promise legally binding against him or her. TRUE TRUE TRUE 2. A promise unsupported by consideration is generally unenforceable. TRUE TRUE TRUE 3. Generally, a promise to
Law for Business and Personal Use 19th Edition
567219
Exam Prep
978-0538496902 Test Bank Chapter 9
Chapter 9: Legal Capacity to Contract 1. A person can have contractual capacity even if he or she cannot understand the wording of a contract. TRUE TRUE TRUE 2. Minority ends the day before the birthday of the age set as the age of majority. TRUE TRUE TRUE
Law for Business and Personal Use 19th Edition
567217
Exam Prep
Chapter 7 Genuine Assent Real Estate
Chapter 7: Genuineness of Assent 1. Parties that cancel their contract obligations by rescission cannot get back what they've already put into the contract. FALSE FALSE FALSE 2. A contract that lacks the genuine assent of the parties to it is typically voidable. TRUE TRUE TRUE 3. Committing
Law for Business and Personal Use 19th Edition

Trusted by Thousands of
Students

Here are what students say about us.

Resources
Company
Legal

Copyright ©2022 All rights reserved. | CoursePaper is not sponsored or endorsed by any college or university.