Bus Final exam answer 1
1. A shareholder in a professional corporation can be liable for malpractice arising from the rendering of professional services. (Points : 2)
True
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.
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. 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) to all 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) nothing for Forest, because the theft terminated the offer.
6. Larceny relies on stealth while robbery relies on fear and force. (Points : 2)
True
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) responsible if the sale is actually a merger or consolidation.
8. Portia, a businessperson, is convicted of RICO offenses. Portia 's penalties may include (Points : 2) dissolution of her business, forfeiture of its assets, and imprisonment.
9. Household Furnishings, Inc., distributes its merchandise on an interstate basis. Under the commerce clause, Congress has the power to regulate (Points : 2) any commercial activity in the United States that substantially affects interstate commerce.
10. A Massachusetts state statute imposes a prison term, without a trial, on all street vendors who operate in certain areas. A court would likely hold this statute to be (Points : 2) unconstitutional under the due process clause.
11. Mary, who is charged with a crime, claims that Nick, a government agent, entrapped her. For entrapment to be a valid defense (Points : 2)
Mary must not have been
True
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.
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. 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) to all 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) nothing for Forest, because the theft terminated the offer.
6. Larceny relies on stealth while robbery relies on fear and force. (Points : 2)
True
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) responsible if the sale is actually a merger or consolidation.
8. Portia, a businessperson, is convicted of RICO offenses. Portia 's penalties may include (Points : 2) dissolution of her business, forfeiture of its assets, and imprisonment.
9. Household Furnishings, Inc., distributes its merchandise on an interstate basis. Under the commerce clause, Congress has the power to regulate (Points : 2) any commercial activity in the United States that substantially affects interstate commerce.
10. A Massachusetts state statute imposes a prison term, without a trial, on all street vendors who operate in certain areas. A court would likely hold this statute to be (Points : 2) unconstitutional under the due process clause.
11. Mary, who is charged with a crime, claims that Nick, a government agent, entrapped her. For entrapment to be a valid defense (Points : 2)
Mary must not have been