Archives: Quiz

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 […]

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 […]

“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 […]

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 […]

“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; […]

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 […]

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. […]

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 […]

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 […]

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 […]

“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 […]

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 […]

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. […]

“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 […]

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 […]

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. […]

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 […]

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 […]

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 […]

“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 […]

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 […]

“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, […]

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 […]

“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 […]

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. […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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. […]

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 […]

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 […]

“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 […]

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. […]

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. […]

“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 […]

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 […]

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 […]

“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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]