BLAW 78158

subject Type Homework Help
subject Pages 12
subject Words 2372
subject Authors Anthony Liuzzo

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page-pf1
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 time.
When a person sells stolen property to a third party, the owner is estopped from
recovering the goods from a:
A.third party delegatee.
B.third party beneficiary.
C.third party seller for value.
D.a good faith third party purchaser for value.
page-pf2
Real estate, also known as ____________, is land and all articles permanently attached
to it, such as buildings and trees.
A.personal property
B.property in rem
C.property in persona
D.real property
A contract of selling merchandise with the condition that title will remain with the seller
until the purchase price has been paid is a:
A.provisional purchase.
B.qualified sales contract.
C.conditional sales contract.
D.restrictive purchase contract.
page-pf3
Numerous municipalities require that businesses and homeowners recycle the
following, EXCEPT:
A.paper.
B.wood.
C.plastic.
D.glass.
The federal district courts have original jurisdiction in cases involving ______.
A.criminal matters
B.probate matters
C.federal questions
page-pf4
D.cases in which state law conflicts with county ordinances
A system which allows a consumer to transfer funds from a bank account to the
merchant's bank account to pay for merchandise purchased is known as a:
A.buying facilitation system.
B.pay-by-phone system.
C.point-of-credit system.
D.point-of-sale system.
In 1992, the Supreme Court of the United States ruled that a location must have a link
or tie to a sale in order for the location to collect sales tax (Quill v. North Dakota, 504
U.S. 298). This link or tie is referred to as (a):
page-pf5
A.purchase.
B.bond.
C.nexus.
D.label.
In general a debtor may not file for Chapter 7 bankruptcy if he or she had received a
bankruptcy discharge in the last_________________:
A.three years.
B.five years.
C.six years.
D.eight years.
The philosophy of Roman international law controlling trade and commerce in a
peaceful way came to be known as:
page-pf6
A.Max Roman.
B.Romana law.
C.Pax Romana.
D.Roman Philosophy.
If the tenant has abandoned the premises, he or she is not relieved of the obligation to
pay the:
A.agreed-upon rent.
B.interest on deposits.
C.maintenance charges.
D.insurance on property.
page-pf7
The meaning of an implied contract is drawn from the:
A.actions and conduct of the parties.
B.interpretations of a written contract.
C.interpretations of an oral contract.
D.actions of third parties.
When no definite time for acceptance is stated in an offer, the offer terminates after the
passing of:
A.a reasonable time.
B.18 months.
C.two months.
D.two years.
page-pf8
At times, individuals can become partners for only a short period of time, or for only a
single project. This activity is defined as a(n):
A.joint venture.
B.partnership.
C.LLC.
D.LLP.
A computer program is defined as a 'set of statements or instructions to be used directly
or indirectly in a computer in order to bring about a certain act" under the:
A.Global Computer Review Act of 2004.
B.Computer Software Copyright Act of 1980.
C.National Software Act of 1863.
D.USA Computer Act of 2001.
page-pf9
The laws dealing with bankruptcy provide that the assets and contracts of a bankrupt
person or business be:
A.sold to the highest bidder.
B.assigned to the trustee in bankruptcy.
C.held by the court pursuant to a decree.
D.transferred to the largest creditor.
Some agreements that lack consideration are:
A.enforceable.
B.not enforceable.
C.valid.
D.unlawful.
page-pfa
Originally, white-collar crime related only to nonviolent crimes against businesses,
usually committed by the:
A.employers.
B.employees.
C.clients.
D.customers.
A relatively inexpensive insurance that covers employees beneficiaries in the event of
loss of life is known as:
A. COBRA
B. Medicaid
C. a cafeteria plan
D. group life insurance
page-pfb
Both individuals and businesses sometimes need to place articles in storage and they,
thereby, enter into a bailment known as a:
A.constructive bailment.
B.common-carrier bailment.
C.bailment for storage.
D.parking-lot bailment.
A family farmer under a Chapter 12 bankruptcy can be all of the following EXCEPT
a(n):
A.individual.
page-pfc
B.corporation.
C.municipality.
D.partnership.
The acts of an employee committed while performing duties for the employer are
considered:
A.his or her own responsibility alone.
B.the acts of the employer.
C.free of liability.
D.to be the court's responsibility.
The "Americans with Disabilities Act" defines disability as a(n) _________that
page-pfd
substantially limits one or more of the major activities of life.
A.impairment
B.accident
C.tragedy
D.occurrence
Checkroom and luggage receipts are examples of:
A.simple contracts.
B.contracts of adhesion.
C.unconscionable contracts.
D.expressed contracts.
page-pfe
At times, citizens of a particular country refuse to purchase goods made by businesses
located in other countries. This action, whether supported by the government or not, is
referred to as a:
A.confiscation.
B.boycott.
C.domestication.
D.localization.
A(n)______ to pay the debts or settle the wrongdoings of another if he or she does not
make settlement personally is not enforceable unless it is written.
A.guaranty
B.warranty
C.memorandum
D.statute
page-pff
Under common law, a hotelkeeper's liability for a property of guests was near absolute,
but state statutes today limit a hotel's liability to that of a(n):
A.insolvent.
B.ordinary bailee.
C.mortgagee.
D.lessee.
The practice of relying on previous decisions is known as ______.
A.res sub-judice
B.res judicata
C.obiter dicta
D.stare decisis
page-pf10
Court decisions involving mistakes in contracts are often complex and the courts
attempt to determine whether the mistake was:
A.intentional.
B.unintentional.
C.unilateral or mutual.
D.unilateral and misrepresented.
Anyone who manufactures or sells, without permission, a product that has been
patented by another can be charged with:
A.fraud.
B.infringement.
C.misrepresentation.
D.breach of contract.
page-pf11
The purpose of Chapter 15 bankruptcy is to promote _______________between U.S.
courts and those of foreign countries in bankruptcy cases.
A.collaboration.
B.competition.
C.creativity.
D.cooperation.
Health Insurance Portability and Accountability Act of 1996 (HIPAA) is a federal
statute that provides an individual with rights over his or her health information.
page-pf12
The voter has the opportunity to vote the executive into and out of office at:
A.regulatory agencies.
B.administrative agencies.
C.only one level of the government.
D.all three levels of the government.

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