Quiz Preview 6' Business - Business Law

1

Which of the following methods is used to appoint a manager of a manager-managed LLC?

2

The force majeure excuse becomes applicable in the event of a natural disaster

3

The legal environment of business is established and modified according to ethical norms

4

Courts typically set aside contracts because a party did not volunteer pertinent information

5

To whom must goods shipped under an order bill of lading be delivered: A) The carrier is not liable for damage due to the inherent nature of the goods, such as decay of vegetables

6

Did the court find the continuance of the withholding of labor attributable to a combination?

7

Blocking laws prohibit the disclosure, copying, inspection, or removal of documents located in the enacting country in compliance with orders from foreign authorities

8

What is the purpose of the concept of legal assent?

9

Farmer Elvin is holding 200 pounds of potatoes in storage for Chef Noble but Chef Noble has breached the contract by failing to pay for the potatoes. If Farmer Elvin sells the potatoes to a local diner to make potato soup and salad, then this action would be considered

10

Social media posts are routinely included in discovery in litigation

11

Which of the following is true regarding circumstances under which an employer is required to offer an employee the option to continue medical benefits under COBRA?

in Business

A. An employee does not have the option to continue medical benefits under COBRA if the employee is fired for gross misconduct, the employer decides to eliminate benefits for all current employees, or the employee quits without notice.
B. The only circumstance under which an employee does not have the option to continue medical benefits under COBRA occurs when the employer decides to eliminate benefits for all current employees.
C. The two circumstances under which an employee does not have the option to continue medical benefits under COBRA occur when the employee is fired for gross misconduct and when the employer decides to eliminate benefits for all current employees.
D. An employee does not have the option to continue medical benefits under COBRA if the employee is fired for gross misconduct, the employer decides to eliminate benefits for all current employees, or the employee is fired for cause.
E. The only circumstance under which an employee does not have the option to continue medical benefits under COBRA occurs when the employee is fired for gross misconduct.

12

If an offer specifies no time limit in which to accept,

13

Rose is working hard on Arlin's mayoral campaign. She thinks that just a few more votes could win the election, so she promises to pay her friend Violet $50 if she will register and vote for Arlin. Violet does so, but Arlin loses the election, and Rose now refuses to pay. Rose's agreement to pay Violet:

14

What are the various kinds or sources of American law? Discuss how these various types of law interrelate to form the system of law in the United States

15

All of the following are shareholder rights EXCEPT

16

A party to a contract has a duty to investigate the other party's factual statements.

17

It is not a mandate under the Securities Exchange Act of 1934 for companies to periodically release important business information to the public and to investors.

18

Jack is leasing a home from John for a year. In this arrangement, who has the reversionary right and who has the possessory right?

19

In Getting to Yes, Roger Fisher, William Ury, and Bruce Patton take the position that ______is a better approach to negotiating disputes.

20

Larry purchased a Leisure Lawnmower because the company salesperson intentionally misled him by assuring him that the mower was self-propelled, had a mulching feature, and had a five-year unlimited manufacturer's warranty. When Larry finds out that his new Leisure Lawnmower is not self-propelled, does not mulch, and has a 90-day warranty, he may successfully sue for

21

A(n) _____ is a signature on the back of an instrument along with any directions or limitations regarding use of or liability for the instrument.

22

Many banks no longer issue certificates of deposit in paper form.

23

Which of the following statements regarding workplace bullying is accurate? A)Bullying in the workplace does not subject employers to any real liability claims

24

The Uniform Customs and Practice for Documentary Credits (UCP) is a federal act governing letters of credit

25

Religious teachings and ethics are separate and distinct and rarely if ever overlap.

26

The law protects debtors as well as creditors.

27

Alejandro signs on the back of an instrument; he is considered to be

28

The Securities Act of 1934 imposes sanctions for noncompliance with its disclosure and antifraud requirements. These sanctions include:

29

The lack of a license in certain occupations bars the enforcement of work-related contracts

30

Regarding OSHA inspections, which of the following statements is NOT correct?

31

A(n) ________ is a document outlining the principles, functions, and organization of a juridical entity

32

Strict liability for defective products may arise from either an implied warranty or an express warranty

33

A state may charge higher fees for disposal of hazardous wastes if the wastes are generated outside the state than for hazardous wastes that are generated in-state

34

Under the doctrine of respondeat superior, an agent is liable for the principal's negligence

35

What was Coke's strategy for expanding fountain sales?

36

A trademark is considered to be abandoned when:

37

Which of the following statements is true about international law?

38

[Imari's Imprudence] Imari was texting while driving and slammed into the back of Cody's car. Shortly thereafter she received notice of a lawsuit setting forth Cody's claims for personal injury and property damage. Imari was very busy studying for college and did not feel like dealing with a pesky lawsuit. Several months later, Beatriz, a new agent with the insurer, called Imari and told Imari that she had just heard something about a lawsuit from the Cody's lawyer. Beatriz told Imari that although investigation would be difficult after so many months, she would like to talk with Imari because the trial was scheduled for next week. Imari told Beatriz that she had no time to meet at the moment and that just before court, she would meet with the lawyer the company appointed to represent

in Business

her. Beatriz told Imari that the insurance company was going to deny coverage. Beatriz also told Imari that vehicle insurance did not typically provide for legal representation and that, in any event, no lawyer would be provided. Finally, Beatriz told Imari that Imari's insurance was cancelled immediately because she was a real jerk and failed to help, that insurance would not pay for accidents that were the fault of Imari anyway, and that the insurer wanted nothing more to do with her.Regarding Beatriz's assertion that vehicle insurance policies do not generally provide coverage for legal representation, which of the following is true?

A. Beatriz is correct because insureds are expected to shoulder some of the burden of accidents.
B. Beatriz is correct only in situations in which an insured has had at least two previous accidents.
C. Beatriz is correct only in situations in which a student with a student policy is involved in an accident.
D. Beatriz is correct only in situations in which a student is carried on a parent's insurance policy.
E. Beatriz is incorrect.

39

E-Business, Inc. files a suit against Federated Financial Corporation, asking the court to enforce an oral contract between the parties under the doctrine of promissory estoppel. This doctrine applies in

40

Corporations can be viewed as "citizens" that are expected to participate in bettering society.

41

Article 2A is a recent addition to the UCC that extends it to cover the sale of real estate in commercial transactions

42

The Food and Drug Administration (FDA) is investigating reports that Caplets Corporation is putting potentially harmful additives in Doze, a new pain-relief medication. The FDA's demands for particular documents from Caplets

43

The Due Process clause of the U.S. Constitution requires that before a company can be brought before a court in the U.S. it must have had minimum contacts with the forum

44

A grand jury transcript may be used at a trial to

45

Under the U.S. Constitution, private property may only be taken by the government if the government plans to develop the property itself for a public use, such as for a school or a road.

46

A summary of a case's points of law would be found in the:

47

Kim and Dave are filing for a divorce and dispute the value of assets they acquired while married. Each has had appraisers value the assets, but the appraisers have reached differing conclusions. How will a summary jury trial help in this situation?

48

Angela asserts that HIPAA allows her to have copies of the records that result from her psychotherapy sessions with Dr. Xenon. Angela:

49

Under a Chapter 11 bankruptcy, a creditors' committee of the debtor's largest creditors is formed to supervise reorganization

50

The Clean Air Act 1970 Amendments were the first federal legislation with any real authority for enforcement

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Quiz Preview 6' Business - Business Law

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