Quiz Review 6/ Business - Business Law

1

Nolan worked as delivery person for the Super Soap Suds Company. In this capacity, he would frequently collect money from customers for Super Soap Suds. One week, he carelessly allowed his son to deposit the money on his behalf. His son deposited the money in Nolan's personal account. When Nolan tried to retrieve the money, he did not know how much belonged to Super Soap Suds. What legal remedy does Super Soap Suds have against Nolan? Explain.

2

Smith's of Dallas agreed to buy $10,000 worth of dresses F.O.B. Dallas from Magnifique Manufacturing Co in New York for their October 1 Fall Showing. The cost of shipping the dresses is $300 . In New York, Magnifique dresses were the rage, but the boom

3

Formal administrative adjudications at the federal level typically include a prehearing discovery phase

4

This Act of 2002 is a federal statute that establishes rules to improve corporate governance, prevent fraud, and add transparency to corporate operations.

5

Criminal law regulates the rights and duties between private parties.

6

Judicial review of a protest of entry is heard in which of the following courts?

7

Which of the following types of liability do general partners of a limited partnership have for the debts and obligations of the limited partnership?

8

An order by a court to a party to do something or stop doing something is known as a(n)K

9

Jim contracted with Kevin to serve as a guide for Kevin on his three-week fishing trip to Canada. The contract was made on April 1 with the trip to begin on June 1 . On May 1, Kevin notified Jim that he had changed his mind and would be unable to make the trip. He also refused to pay Jim any compensation. In this case:

10

Which of the following respecting trade marks in Canada is true?

11

To avoid permitting a key employee to take family or medical leave, an employer must show that the leave would cause “substantial injury” to the employer.

12

G has conveyed "all of my land in Pennsylvania" to A. Is the description sufficient?

13

Which of the following does Section 2A-201(1) of the Uniform Commercial Code state?

14

The offer or taking of money, goods or other things of value to influence official actions is:

15

The purpose of anti-retaliation statutes is to protect: A) employers from whistle-blowing employees

16

Charlie is the founder of Dream Job Apps Corporation. Eloise is a shareholder and director, and Francie is an officer. The daily business operations of Dream Job Apps are overseen by

17

The courts at the federal level are district courts, appeals courts, and the U.S. Supreme Court

18

Manufacturers and sellers are strictly liable for failing to warn customers of the generally known dangers of a product

19

Which of the following crimes involves engaging in war against the country or giving aid or comfort to its enemies?

20

The agreement reached among and between a criminal defendant, the prosecutor, and the judge, to accept a guilty plea in exchange for a specified sentence, is called a(n)_________

21

The type of easement that is a right-of-way for a utility company's power lines is a(n):

22

Monica's husband is an accountant who keeps the books for her business. When it goes bankrupt, will Monica's husband's claim for services be allowed by the bankruptcy courts?

23

The MOST typical contingency in a real estate contract is for

24

Fact Pattern 24-2ACommodity Sales Corporation and Resource Purchasing Company enter a contract for a sale of unprocessed silver. Commodity Sales draws a draft unconditionally ordering Resource Purchasing to pay $50,000 to Commodity Sales's order in sixty days. Resource Purchasing signs and dates the draft.Refer to Fact Pattern 24-2A. This instrument is

25

Troy Tech contracts with Helen to have her knit 14 sweaters for the soccer team in their school colors with their names on the front and "Go Tech" on the back. The contracted price is $100 per sweater. After Helen has almost finished the last sweater, Troy Tech decides it should spend the money on repairs to the locker room instead of on the sweaters. Does Helen's contract have to be in writing

26

The bureaucratic costs to doing business for small businesses was alleviated under the Regulatory Flexibility Act which allows small businesses to avoid all regulations by federal agencies.

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Quiz Review 6/ Business - Business Law

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