Devoutly religious individuals are more likely to endorse the ______ cultural profile of a society.
A. conscious
B. dominant
C political
D. economic
B. dominant
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High buyer power tends to ________ prices and high supplier power ________ the floor beneath which prices cannot be set
A) inflate; raises B) inflate; lowers C) depress; raises D) depress; lowers
Jonas enters into an oral contract with Chelsea to lease his house to her for $100,000. Chelsea pays him $100,000 and moves in
A month later, Jonas learns that his state requires contracts for the lease of goods with payments of $1,000 or more to be in writing. Which of the following options does either party have now? A) Jonas can evict Chelsea as the contract does not comply with the Statute of Frauds and is hence void. B) The contract cannot be rescinded by either party as it has already been executed. C) Chelsea can rescind the contract on the grounds of noncompliance with the Statute of Frauds. D) Jonas can rescind the contract on the grounds of noncompliance with the Statute of Frauds.
In a shipment of containers of widgets, which of the following would be considered an implied warranty?
A) that the seller of the widgets has given an oral approval of the widgets in the containers B) that the description of the uses of widgets is mentioned in the contract C) that the widgets are of an even kind, quality, and quantity within each unit D) that a sample of the widget was given to the buyer for inspection
In Erie Railroad Co v. Tompkins, where Tompkins sued a New York company that owned a train that hit him in Pennsylvania, the Supreme Court reversed the decision for Tompkins by the court of appeals because it held that:
a. applying the doctrine of Swift v. Tyson rendered impossible equal protection of the law b. applying the doctrine of Swift v. Tyson rendered impossible avoidance of the in rem problem c. applying the doctrine of Swift v. Tyson created a substantial party problem d. applying the doctrine of Swift v. Tyson created a diversity of citizenship problem e. none of the other choices are correct