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Donald approves on behalf of Evelyn'”but without authorization'”a contract with
Farouk to build a new silo. Evelyn does not ratify the contract. The deal with Farouk is
a. an enforceable contract with Donald.
b. a voidable contract.
c. an enforceable contract with Evelyn.
d. an unaccepted offer.
Answer:
Fine Food Company, Gourmet Cheeses, Inc., and Healthy Eats, Inc. agree to exchange
information and share advertising. This trade association is
a. a deal that neither restrains trade nor harms competition.
b. a legal restraint of trade.
c. a per se violation of antitrust law.
d. subject to analysis under the rule of reason.
Answer:
Gizelle, Haya, and Ivy do business as Janitorial Services, Limited Partnership. After
Gizelle's relationship to the firm ends, Haya and Ivy agree not to continue the business.
This is
a. dissociation.
b. dissolution.
c. gross negligence.
d. simple misconduct.
Answer:
Speedboat Corporation refuses to sell its products to Water World, Inc., a recreational
water products dealership. This is a violation of antitrust laws if it
a. has an anticompetitive effect on a particular market.
b. results in lower prices for consumers.
c. provides no economic benefits for consumers.
d. is likely to increase competition.
Answer:
Neville, a member of a protected class, applies for a job with Origami Paper Products
Corporation, but fails the company's employment test and is not hired. Neville believes
that the test has an unintentionally discriminatory effect. If so, this is
a. reverse discrimination.
b. disparate-impact discrimination.
c. disparate-treatment discrimination.
d. not discrimination.
Answer:
Nashville, Tennessee, passes an ordinance to regulate waste disposal. The disposal of
waste may also be regulated by
a. all other levels of government.
b. no other levels of government.
c. the federal government only .
d. the Tennessee state government only.
Answer:
René operates The Spicy Chocolatier Café chain of restaurants. 'The Spicy
Chocolatier Café' is
a. a certification mark.
b. none of the choices.
c. a service mark.
d. a trade name.
Answer:
Fletcher buys a Great Big Burgers, Inc., franchise. Great Big Burgers requires that its
franÂchiÂsees buy its products exclusively for every phase of their opÂerations. BeÂ-
cause Fletcher wishes to buy less expensive products, he challenges the reÂquirement.
His best argument is probably that the reÂquirement violates
a. the implied covenant of good faith and fair dealing.
b. the Federal Trade Commission's Franchise Rule.
c. federal antitrust laws.
d. Great Big Burgers's marketing image.
Answer:
A failure of the U.S. Drug Enforcement Administration to comply with a request under
the Freedom of Information Act (FOIA) may be challenged in
a. a federal district court.
b. a hearing before the U.S. Freedom of Information Agency.
c. a meeting with Congress's FOIA subcommittee.
d. a special conference with the president of the United States.
Answer:
Ricardo suspects his supervisor Simone of unethical accounting practices. But Ricardo
does not want to report Simone if she will find out who reported her and fire Ricardo.
An important feature of online reporting systems like EthicsPoint is that an employee
reporting unethical behavior
a. can do so anonymously.
b. is financially compensated if he or she is fired as a result of a report.
c. must fully identify themselves when making a report.
d. must have additional employee support to make a report.
Answer:
Fresh Harvest Company, which is based on Georgia, packages and sells vegetables.
Hayden, who is a resident of Indiana, buys a Fresh Harvest product, eats it, and suffers
severe food poisoning. Hayden wants to file a suit against Fresh Harvest. The diversity
of citizenship between these parties means that
a. federal and state courts have concurrent jurisdiction.
b. federal courts have exclusive jurisdiction.
c. no court has jurisdiction.
d. state courts have exclusive jurisdiction.
Answer:
Landon is arrested at a warehouse in Metro Corporate Park. A government prosecutor
issues a formal charge against Landon for receiving stolen property. This charge is an
a. arraignment.
b. indictment.
c. information.
d. interrogation.
Answer:
In studying the business law, students also review ethics in a business context. Ethics
includes the study of what constitutes
a. right or wrong behavior.
b. financially rewarding behavior.
c. legal behavior.
d. religious behavior.
Answer:
Nancy joins with other creditors to force Odette, a debtor, into bankruptcy. One of the
goals of bankruptcy law with respect to creditors is to
a. provide that creditors will continue to lend to insolvent debtors.
b. protect creditor assets from diminution in value.
c. ensure equitable treatment of creditors who are competing for a debtor's assets.
d. make all debtor property available for creditors.
Answer:
Community Recycling, Inc., plans to lay off fifty of its five hundred workÂers,
including Bev. Bev has a right to continued health-care coverage under Community's
group plan unless
a. Community changes its insurer.
b. Community completely cancels its plan.
c. Bev files a suit against Community for wrongful discharge.
d. Community decides not to pay Bev's premium.
Answer:
Metals & Minerals Inc., a resource processor and refiner, generates waste that is
discharged into the air and water, contaminating the environment, which includes
foreign countries. It has been shown that the quickest, most effective, and most efficient
way to reduce pollution is most likely
a. economic development.
b. environmental education.
c. international protocols.
d. persuasive debating points.
Answer:
The Prosthetic Legs and Arms Act (PLAA) sets up a no-fault compensation program for
persons injured through the use of medical prostheses. The PLAA protects prosthesis
makers from liability for unavoidable side effects. When Quint is injured in an auto
accident, his physician prescribes and fits him for a certain prosthetic. When Quint
suffers injuries from its use, he, files a suit against Replacement Limbs LLC, the maker
of the prosthetic, alleging strict product liability. Is there a defense that Replacement
Limbs might successfully assert in this case? If so, what is it, and why?
Answer:
Drake enters into a contract with Eve, who claims to have access to a stock-trading
algorithm that will multiply an investment many times over. When the results do not
match this promise, Drake learns that Eve does not have access to any unique software
and files a suit against her, alleging fraud. Proof of an injury is required to
a. recover damages.
b. rescind the contract.
c. undo Eve's influence.
d. punish the defendant.
Answer:
Although cases may be similar, no two cases are ever identical in all respects.
Answer:
The lender does not have to strictly comply with the state statute governing
foreclosure'”substantial compliance is sufficient.
Answer:
For an employer to successfully defend against a charge of a supervisor's sexual
harassment, the plaintiff-employee must have taken a tangible employment action
against the supervisor.
Answer:
In choosing a form of business organization for a new enterprise, imporÂtant factors
include the ability to raise capital.
Answer:
Lamar owns a field behind Megan's house and property. The only access to the field is
Megan's driveway, which Lamar uses to get to his field. If Lamar sells the field, can the
buyer use the right-of-way across Megan's property?
Answer:
Yoshi contracts with Zach to buy a certain pub, Aficionado's, for Yoshi, who asks Zach
not to reveal her identity. Zach makes a deal with Burcet, the owner of the pub, and
makes a down payment. Yoshi fails to pay the rest of the price, and does not pay Zach
for his services. Does Zach have any recourse against Yoshi? If so, on what basis and to
what extent?
Answer:
Statements of fact made during the bargaining process are express warranties.
Answer:
