Preview

Multiple Choice Questions for Business Law Test

Better Essays
Open Document
Open Document
3681 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Multiple Choice Questions for Business Law Test
1. A shareholder in a professional corporation can be liable for malpractice arising from the rendering of professional services. (Points : 2) True False

2. Jay tells Kim that he will buy her textbook from the last semester for $80. Kim agrees. Jay and Kim have (Points : 2) an express contract. an implied-in-fact contract. an implied-in-law contract. a quasi contract.

3. Barb allows Candy to enter Barb 's warehouse and take a DVD player. Charged with theft, Candy can successfully claim, as a defense, (Points : 2) consent. duress. entrapment. self-defense.

4. The U.S. Congress enacts a new federal statute that sets different standards for the liability of businesses selling defective products. This statute applies (Points : 2) only to matters not covered by state law. only to those states that adopt the statute. to all of the states. to none of the states.

5. Eastside Warehouse offers to sell a forklift to Forest Lumber Company, but it is stolen before Forest accepts. Eastside must obtain (Points : 2) a forklift for Forest, if Eastside 's insurance covers the loss. a forklift for Forest, if it wants one. nothing for Forest, because that would extend the time of the offer. nothing for Forest, because the theft terminated the offer.

6. Larceny relies on stealth while robbery relies on fear and force. (Points : 2) True False

7. Giant Lift Corporation purchases all of the assets of Heavy Hydraulics Corporation. With respect to Heavy Hydraulics’s liabilities, Giant Lift is (Points : 2) automatically responsible. not responsible under any circumstances. responsible if Heavy Hydraulics is a competitor of Giant Lift. responsible if the sale is actually a merger or consolidation.

8. Portia, a businessperson, is convicted of RICO offenses. Portia 's penalties may

You May Also Find These Documents Helpful

  • Good Essays

    There are many different types of communication; we need to understand the purpose of communications for each type so that we can get what we need from the other person(s). In order to do this we need to have information to begin with, the person’s name of whom you are trying to contact, pen and paper, questions and the information needed if they ask you a question in return.…

    • 1326 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    5. Wendy skips her third period class so that she can visit her boyfriend during his lunch break. The next day, Kelsey, a student assistant in the guidance office, tells her that the vice…

    • 422 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Law Test Questions

    • 5406 Words
    • 25 Pages

    Tanisha is suing Fred, seeking money damages for the destruction that Fred caused to her lawn by continually driving across it with his pickup. Tanisha wants to have her attorney sit down with Fred in a conference room and ask him questions in person, so as to gather evidence, with a person representing the court present who will type down all that is said. What type of discovery is Tanisha seeking here?…

    • 5406 Words
    • 25 Pages
    Powerful Essays
  • Better Essays

    1. Consideration consists of mutual exchange of gains and losses between contracting parties. In the exchange, a gain by the offer is at the same time a loss to the offeror. The legal term used to designate the gain that each party experiences is that party 's legal benefit. Consideration has three characteristics 1) The agreement must involve a bargained-for exchange; 2)the contract must involve adequate consideration; and 3) the benefits and detriments promised must themselves be legal.…

    • 1019 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Diversity can be differences in race, heritage, customs, belief systems, physical appearance and mental capabilities. Diversity should be respected and valued because nobody is completely the same as anyone else, even within the categories above. People tend to reject what is different. Our differences can lead to growth as a society or it can lead to violence and hatred. We must value our diversity in order to work together for the common good of our society.…

    • 1390 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    Business Law Quiz

    • 26730 Words
    • 107 Pages

    | Many areas of law important to businesses are governed by the Uniform Commercial Code.…

    • 26730 Words
    • 107 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The value of the property taken does not usually affect the degree of the crime of robbery, as it does that of theft.…

    • 1145 Words
    • 5 Pages
    Satisfactory Essays
  • Powerful Essays

    Guidelines, procedures and codes of practice relevant to personal work can include health and safety, data protection and if they are dealing with money financial regulations. Health and safety is so that the area you are working is free of any obstacles that may cause accidents. The data protection is so that any information you are dealing with or information that you are using does not come out of the organisation accidentally. The financial regulations are so that money can not be taken out or replaced or embezzled without someone knowing about it.…

    • 1226 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    The purpose and benefits of continuously improving performance at work is important to enhance your career, moving up the organisation that you are working with or getting a new job with the new founded skills. Also means that you have great pride in your work and before more efficient.…

    • 309 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Business Law

    • 2135 Words
    • 9 Pages

    b. There was no contract because the act of opening the safe was not completed…

    • 2135 Words
    • 9 Pages
    Good Essays
  • Better Essays

    Business Law Midterm

    • 4536 Words
    • 19 Pages

    Be signed by the issuer (the maker in the case of a person undertaking to pay ot the drawer in the case of a person giving an order or instrument to pay)…

    • 4536 Words
    • 19 Pages
    Better Essays
  • Better Essays

    Business Law Module 1

    • 2075 Words
    • 6 Pages

    1. What are the different types of courts established under the State of California’s Constitution? What section of the State of California’s Constitution establishes the courts? What types of jurisdiction do each of these courts have? Thoroughly define each type of jurisdiction under each court and explain why each court has each type of jurisdiction.…

    • 2075 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    BUSINESS LAW QUESTIONS

    • 1137 Words
    • 5 Pages

    A. CONSTITUTIONAL LAW. A state's constitution can't conflict with the U.S. Constitution or a federal law.…

    • 1137 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Quiz 2

    • 592 Words
    • 4 Pages

    6. Specific performance is a limited remedy as it is only available for breach of contract to sell a unique item.…

    • 592 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Ls311 Unit 3

    • 259 Words
    • 2 Pages

    Larceny is the taking of personal property without force and without breaking and entering into a building with the intent to permanently deprive the owner of possession. Put simply, larceny is stealing or…

    • 259 Words
    • 2 Pages
    Satisfactory Essays

Related Topics