Quiz a lot 3- Business - Business Law

1

In international trade, which of the following doctrines applies the law of the jurisdiction that has the greatest interest in the issue's outcome?

2

Property of the federal government is not subject to mechanics' liens

3

Which of the following statements is true of formalism?

4

Which of the following remedies would be unavailable to a buyer that could buy the same kind of goods from elsewhere?

5

The bubble concept was eliminated by the 1990 Clean Air Act

6

What issue did the federal auditor raise about Stanford's research overhead expenses?

7

If no time for performance is stated in a contract, the contract must be completed within a(n) ____________________ time

8

The American's With Disabilities Act only protects employees who can perform essential work functions despite their disabilities; the Act does not require employers to take affirmative measures to accommodate employees'

9

The purpose of tort law is to punish the wrongdoer

10

It is not possible to copyright an idea.

11

Vertical mergers are:

12

Kari and Lillian, who are citizens of Mississippi, are involved in a case related to the adoption of their child. Over this case, Mississippi state courts have A)concurrent jurisdiction with federal courts

13

Snowboards Inc. refuses to sell its products to Timber Winter Sports Stores, Inc., a retail snowboard dealership. This violates Section 2 of the Sherman Act if Snowboards has monopoly power and

14

Polonius registered for five nights at Cloud Hotel at $200 per night. Cloud requested Polonius' credit card number when he registered. When Polonius went to a restaurant, his credit card was denied, since it was at the authorized credit limit. Why was Polonius' credit card limit likely reached by registering at Cloud Hotel?

15

A(n) ________ is a charge of having committed a crime, usually a felony, based on the judgment of a grand jury

16

Under the Secured Transactions Article of the UCC, which of the following security agreements does not need to be in writing to be enforceable?

17

On Monday, Eve deposits in her account at First State Bank a local check for $500. After 5:00 p.m. on Friday, from these funds, Eve can withdraw no more than

18

The Uniform Commercial Code provides a set of rules governing

19

A buyer makes payment for goods accepted using a check. If the bank refuses to pay the check, the buyer:

20

Briefly explain the events that cause the dissolution of a limited partnership under RULPA

21

What is the main purpose of the DRE?

22

Many states have enacted their own homestead laws that specify:

23

Hank owns 100 shares of cumulative preferred stock in Wayside Transport, Inc Kelsey owns 50 non-cumulative preferred shares, and Oleg owns 120 shares of common stock. Wayside does not pay dividends in 2007 . In 2009

24

Under the doctrine of comparative negligence, only the plaintiff's negligence is computed and the liability for damages is distributed accordingly

25

Which of the following statements is true of the European Union (EU)?

26

Duress occurs when A)the enforcement of a contract results in unconscionability

27

When a person is entitled to receive actual notice of the termination of the agency relationship, the only way to give notice is by certified mail.

28

In a common law system, judges are not obligated to follow the precedents established within their jurisdictions

29

_________________ is an unethical activity that involves lawyers or paralegals/legal assistants inflating their billable hours.

30

Which of the following is true of alternative dispute resolution?

31

A patent is available for an idea as well as a tangible application

32

Jill buys a refrigerator and pays the company to have it delivered. While the contract covers both a good and a service, this transaction is likely governed by:

33

_________means any activity that crosses state boundaries. means any activity that occurs entirely within a state's boundaries

34

In the McKennon v. Nashville Banner Publishing Co case referenced in the text, after-acquired evidence of the plaintiff-employee's misconduct was introduced in a lawsuit filed under the ADEA. How did the U.S. Supreme Court rule?

35

A sole proprietor has unlimited liability for all obligations that arise in doing business

36

What factual difference existed between the Buffalo Linen case referred to in the text and the Brown case?

37

Outdoor Outfitters Store contracts to buy fifty tents from Pitched Camp, Inc Unless the contract states otherwise, it is assumed to be A)none of the choices

38

Legal title passes from seller to buyer at the time of closing.

39

If a defendant does not respond to the plaintiff's complaint the court will:

40

Joseph and Susan are shareholders in a closely held corporation. If nothing was written about this, when Susan dies, all the corporate property will go to Joseph.

41

Under the exclusionary rule

42

The purpose of the Freedom of Information Act (FOIA) is A)to give the government access to information concerning citizens, businesses, and organizations

43

Roberto obtains an exclusive franchise to sell widgets for the Acme Widget Company. The exclusive franchise covers the entire State of Wisconsin for a period of three years. In this case:

44

Which of the following would suffice for a signature on a writing under the statute of frauds?

45

The Outer Space Treaty declares that internationally recognized political boundaries extend from Earth into the farthest reaches of space.

46

Attorneys Joseph, Sam, Nayeli, and Juanita agree to form a limited liability partnership (LLP), JUSTICE LAWYERS, LLP and each contribute $10,000 to the startup of this firm. In this LLP, each partner is personally liable because of the capital contribution, and may be sued in a separate action or in a joint action.

47

The delegation doctrine governs the powers that are given an administrative agency

Find your answers, solutions and more...

We made it much easier for you to find exactly what you're looking for on Sciemce. Enjoy our search engine "Clutch."

Save a GPA. Donate your notes with us.

Quiz a lot 3- Business - Business Law

Recent Packs