Easy Quiz 5. Business - Business Law

From least to most serious, crimes are classified as follows

In Smith v. Kulig, Smith was killed when visiting his friend who rented an apartment from Kulig, when the fire escape at the back of the building collapsed under Smith, the courts held that Kulig was not liable because:

3

A buyer who obtains substitute goods to replace goods that a seller did not deliver can not also recover damages from the seller.

4

If a minor has paid more than he or she should have been charged, then he or she can:

5

Khali's debt to Lew is past due. Lew obtains a judgment against Khali to collect the debt, but Khali refuses to pay. Lew asks the court to order Khali's employer to pay a portion of Khali's paycheck to Lew. This is a request for

6

Under the Code, damages have to be "calculable with mathematical precision."

7

Which of the following generally does not offer stock to the public?

8

According to the EEOC, sexual harassment of male employees exclusively by a male supervisor is:

9

Which of the following can be patented?

10

The UCC applies to contracts for services as well as to contracts for the sale of goods

11

Which of the following legislative acts gave the Federal Reserve Board the task of implementing the legislation that limits the types of assets commercial banks can buy?

12

James and his band played a very familiar song. However, they made up different words for the song that were intended to be funny. James's version of the popular song with different words is known as a

13

A minor's declaration of trust is voidable.

14

Liz, the owner of a coffee shop in Dallas, contracts with Steve, a coffee bean supplier from Chicago, for $2,000 worth of coffee beans. Liz orders her bank to pay $2,000 from her account to Steve, or someone designated by Steve. Which of the following statements is false?

15

April put an advertisement in the newspaper advertising the sale of her computer for $500. Simultaneously, six people responded to the ad by mail with formal written acceptances. April is bound on all six contracts to sell her computer for $500.

16

Dim threatens physical harm to force Ed to sell his Flower Shop to Dim for a below-market price. This is

17

Social Security benefits are funded by:

18

Under Sarbanes-Oxley, codes of ethics must cover financial reporting standards

19

Which of the following is not a LESCANT factor?

20

Negotiation traditionally involves just the parties to a dispute without their attorneys.

21

In which section of the enterprise fund statement of revenues, expenses, and changes in fund net position is interest expense generally reported?

22

The law does not change; it is based on unchanging and universal truths

23

In most states, revocation is effective when the offeree receives it.

24

The doctrine under which employers are liable for torts committed by employees while they are acting within the scope of their employment is___________.

25

The CISG was developed by the:

26

The Revised Article 3 of the Uniform Commercial Code establishes rules for the creation,

27

A stepchild will not ordinarily inherit under intestacy statutes unless legally adopted

28

Karen is a strong swimmer. One afternoon she is having a picnic at a lake and sees a man she does not know drowning. Generally, Karen

29

A commissioner of an independent administrative agency can be removed before serving out a full term at the whim of the president

30

What is the purpose of protected person statutes?

31

Who has the burden of proving the status of a hired worker whose status as either employee or independent contractor is disputed?

32

Mountain Bikes, Inc. (MBI), and Nero enter into a contract for a sale of a mountain bike. MBI, a merchant who deals in goods of the kind sold, makes implied and express warranties in connection with the sale. The Magnuson-Moss Warranty Act was designed to prevent deception in warranties by

33

Gustav files a petition for bankruptcy under Chapter 13. Gustav is granted a discharge. Debts that will not be discharged include claims for

34

The traditional common law rule regarding the sale of property is caveat emptor which means, "let the seller beware."

35

The Federal Trade Commission promulgated Telemarketing Sales Rules regulating the activities of telemarketers. One of the rules prohibits telemarketers from calling a person's residence at any time other than between 8:00 a.m. and 9:00 p.m. This legislative rule has the effect of a statute

36

Consent decrees:

37

In January 2018, Professor Noe entered into a contract with State University. She agreed to teach full time during the 2018-2019 academic year. Professor Noe died on May 31, 2018. Her estate

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Easy Quiz 5. Business - Business Law

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