Quiz Facts 7' Business - Business Law

1

State governments may restrict imports in order to deal with public health, safety concerns and sanction for violation of international law

2

Which of the following primarily governs the internal operations of labor unions?

3

Under the civil law system, adversaries initiate and conduct litigation.

4

Which of the following is true about UCC Article 4A?

5

The Fair Trade Commission: A) attempts to settle disputes that arise over NAFTA

6

If a tenant vacates prior to the expiration of the lease term, the landlord has no duty to attempt to lease the property to another party, according to federal law.

7

If two conflicting security interests are unperfected, neither interest has priority.

8

In Noel v. River Hills Wilsons, where false information about Noel was accidentally given to an employer, the appeals court held that Noel could sue for damage to his ability to gain employment from the workplace defamation

9

Intangible property is property that:

10

Jason's mother would like him to go to college, so in June he enrolls at the local university. He also quits his job and tells his mother his plans to take classes. His mother says, "I'm so happy that you are going to college that I want to pay for your books." Jason then sends her a bill for $485 . Jason's mother's promise is:

11

The maker of a promissory note has accountability for: A) insuring the negotiability of the instrument

12

A covenant allows a landlord to evict a tenant if there is a violation of the lease

13

Which of the following is true of online businesses and disclosures?

14

A voluntary action the debtor can make to pay debts is to transfer, or assign title of his or her property to a trustee or assignee who sells the property to pay creditors.

15

Res is a charge or claim against a vessel, its freight, or its cargo

16

According to Frederich von Hayek, law that secures ________ rights in modern society is a prerequisite to private enterprise.

17

The bubble concept: A) refers to dirty areas that do not meet federal standards under the Clear Air Act

18

Tort law compensates owners whose resources are wrongfully injured by the acts of others.

19

Ann Fleming's sprinkler system malfunctioned. As a result, the spray damaged her neighbor's car's paint. Ann's neighbor's best remedy is: A) An action for nuisance

20

The labor's bill of rights contained in the Landrum-Griffith Act gives employees protection against ________

21

Under the Uniformed Services Employment and Reemployment Rights Act, any person who has served in the military is entitled to more favorable treatment in the workplace than a co-worker who has not served.

22

Courts will not enforce contracts calling for nominal consideration

23

States will permit younger persons to be married if they have the consent of their parents or if they are emancipated from their parents

24

Made4U Goods, Inc., asks its employees, many of whom are members of the National Machinists Union, to apply the utilitarian theory of ethics. This theory does not require

25

Employees of Truan went on strike because of unfair labor practices. After the strike, the striking workers are A) entitled to get their jobs back

26

Subchapter S corporations have the benefits of limited liability as in partnerships and are taxed as corporations

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Quiz Facts 7' Business - Business Law

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