Feb
24
Business Law Final
Question 15 pts
An employee handbook should contain information related to the history of the company, including its mission and philosophy.
Question 15 pts
An employee handbook should contain information related to the history of the company, including its mission and philosophy.
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Question 25 pts
There are 50 federal circuit courts of appeal, one for each state.
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Question 35 pts
A distinction between law and ethics is that legal mandates are usually more:
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Question 55 pts
A court has appellate jurisdiction if it has the authority to hear appeals from other courts.
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Question 65 pts
All of the following are the influencing factors on both group values and individual values EXCEPT:
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Question 75 pts
According to the doctrine of employment at will, only the employer, and not the employee, may choose to terminate the employment relationship at any time.
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Question 85 pts
Administrative agencies include federal agencies such as the National Labor Relations Board.
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Question 95 pts
A certified check is one that the bank has promised to pay when it is presented for payment.
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Question 105 pts
An incidental beneficiary is one who may benefit as a direct consequence of contract.
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Question 115 pts
An employer can safely disclose information about a current or former employee in the following areas EXCEPT for areas related to the employee’s
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Question 145 pts
The law concerned with the unenforceable obligations that people have to one another is known as ______
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Question 155 pts
Most legal scholars agree that today’s laws provide ¬adequate protection of the ______ of the individual.
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Question 165 pts
A kind of guarantee or promise made by a manufacturer or seller that the goods and services offered are really what they are claimed to be, or that the goods or services are what a reasonable person has a right to expect, is known as a(n):
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Question 175 pts
Many legal obligations are based on moral obligations, but not all moral obligations are legally enforceable.
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Question 185 pts
The usual motivation behind whistleblowing is the outrage to a person’s sense of:
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Question 195 pts
A person who reveals to a governmental authority, or to news media, confidential information regarding some wrong doing or conduct that he or she regards as unethical is called a(n):
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Question 205 pts
Decisions made by the U.S. Supreme Court must ______ by other courts.
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Question 215 pts
A whistleblower is one who calls attention to unpleasant conditions at the workplace.
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Question 225 pts
The person against whom a lawsuit is brought or who is charged with a violation of the law is called a ______.
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Question 235 pts
Today’s business professionals involved in global markets are sometimes faced with ethical predicaments because of different:
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Question 245 pts
Courts that are given the power to hear only certain kinds of cases have ______ jurisdiction.
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Question 255 pts
A __________ is a certified check issued in a denomination of $20 or more by certain banks, travel agencies, and financial services companies.
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Question 265 pts
All but one of the following organizational forms have limited liability. This exception is the:
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Question 285 pts
A transnational institution’s purpose is overseeing the implementation of all multinational trade agreements negotiated now or in the future.
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Question 295 pts
A conditional sales contract is one way of selling merchandise with the condition that title will remain with the buyer until the purchase price has been paid.
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Question 305 pts
An agency by operation of law is created when a court finds the need for an agency to achieve a desired social policy.
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Question 315 pts
A _________ can be liable for failing to inform a patient of the risks involved in a particular surgery.
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Question 325 pts
Agents are usually classified according to the nature of their relationship with their principals.
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Question 335 pts
A category of illegal activity that includes embezzlement, stock swindles, fraud against insurance companies, credit card fraud, computer fraud, and theft of computer programs is known as business-related crime.
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Question 355 pts
A promise of an act by one party in exchange for the promise of an act by another is an example of:
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Question 375 pts
A promise to give up something of value that a person has a legal right to keep or to agree to do something that a person is not legally required to do is known as consideration.
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Question 395 pts
A minor who has appointed an agent may ________ the contract of agency in some states
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Question 405 pts
All of the following EXCEPT a _____ who learns from a patient that he or she intends to do harm to another has the legal responsibility to inform the possible victim and the appropriate authorities.
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Question 415 pts
An attorney is liable to a client if he or she fails to exercise due care in handling a client’s affairs.
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Question 435 pts
A minor can be held liable if he or she makes damaging statements in writing for the act of:
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Question 445 pts
A contract for labor and materials to be enforceable, even though it involves $500 or more:
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Question 455 pts
A contract for sale with the right of return gives the buyer the opportunity to return them to the seller at a later time, but does not give the buyer title.
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Question 465 pts
A competent party is said to have contractual capacity, that is, the ability to:
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Question 475 pts
A certain action can either be a tort or a crime; it cannot be both.
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Question 485 pts
A negotiable warehouse receipt, like the negotiable order bill of lading, requires that the original copy be presented to the warehouser before the goods will be surrendered to someone claiming them.
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Question 495 pts
A contract in which title and risk of loss remain with the seller and that provides for the sale subject to the buyer’s final decision is a(n):
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Question 505 pts
A competent party is a person of legal age, but fails to take into account the mental state of the individual.
Question 1
5 / 5 pts
The U.S. Supreme Court hears ______.
8077
a small percentage of appeals as it has no legal obligation to hear all appeals from lower courts
26506
a large percentage of appeals from both the federal and state appellate courts
12114
all appeals directly from the federal trial courts
41916
all appeals directly from the state trial courts
Question 2
5 / 5 pts
In the United States, the federal Constitution gives______.
57281
unlimited powers exclusively to the federal government
95307
unlimited powers to both the federal and state governments
9730
reasonable powers to the federal government
8307
reasonable powers exclusive to state governments
Question 3
5 / 5 pts
According to the UCC, if the ____________ of overdue negotiable paper did not have notice or knowledge that the commercial paper was overdue, he or she could be a holder in due course
79002
acceptor.
47728
buyer
6307
proprietor
2053
seller
Question 4
5 / 5 pts
The whistleblower may be confronted with an ethical:
90892
observation.
82872
quantum.
45071
practice.
79325
dilemma.
Question 5
5 / 5 pts
The development of technology has introduced a burgeoning array of ethical questions.
53695
True
50651
False
Question 6
5 / 5 pts
Statutes are the laws enacted by ______.
13282
state and federal legislatures
53625
state courts
69417
old English courts
75126
the Supreme Court
Question 7
5 / 5 pts
Ethical issues involving the Internet and computer technology have prompted people to consider ethical issues such as:
11902
apartheid.
73467
discrimination.
60202
privacy.
67016
governance.
Question 8
5 / 5 pts
A contract may prohibit either just one party or both parties from assigning or delegating.
22229
True
25710
False
Question 9
5 / 5 pts
A code of ethics is also known as a(n):
98384
kudo.
99658
quantum.
80720
credo.
16865
epilogue.
Question 10
5 / 5 pts
Administrative law is the body of rules, regulations, and decisions created by administrative agencies.
1456
True
9837
False
Question 11
5 / 5 pts
A distinction between law and ethics is that legal mandates are usually more:
17666
obscure.
4954
precise.
63722
flexible.
26133
flawed.
Question 12
5 / 5 pts
A __________ check is one that is dated later than the date the check is written.
72573
certified
51716
forged
59889
postdated
36972
bad
Question 13
5 / 5 pts
American firms are prohibited from bribing foreign officials under the:
13570
Civil Rights Act.
27877
Federal Sentencing Guidelines.
45829
Foreign Corrupt Practices Act.
56239
Federal Indictments Act.
Question 14
5 / 5 pts
Appeals of the decisions of federal administrative agencies are made to the ______.
40199
U.S. Circuit Courts of Appeals
46278
U.S. District Courts
57020
U.S. Supreme Court
65933
International Court of Justice
Question 15
5 / 5 pts
Ethical issues are not multifaceted.
94430
True
94609
False
Question 16
5 / 5 pts
The Uniform Commercial Code was ______.
3575
adopted by all 50 states in 1943
16343
upheld by the Supreme Court as constitutional in 1971
98887
prepared in 1952 by the National Conference of Commissioners
20592
enacted in 1962 by Congress
Question 17
5 / 5 pts
A current or former employee does not have the right to sue his or her employer for defamation.
96698
True
51150
False
Question 18
5 / 5 pts
The Uniform Commercial Code has been adopted, at least partly, by all 50 states.
84086
True
32644
False
Question 19
5 / 5 pts
The usual motivation behind whistleblowing is the outrage to a person’s sense of:
23919
confidence.
37532
knowledge.
9314
self-esteem.
90636
ethics.
Question 20
5 / 5 pts
A person who reveals to a governmental authority, or to news media, confidential information regarding some wrong doing or conduct that he or she regards as unethical is called a(n):
38133
whistleblower.
10617
quality assuror.
4263
protagonist.
36147
ethic guru.
Question 21
5 / 5 pts
The laws passed by Congress and by state legislatures are called ______.
59815
statutes
42425
stare decisis
90263
executive orders
39580
notices
Question 22
5 / 5 pts
A check presented more than six months after its date is known as a:
45910
traveler’s check.
41704
stale check.
87928
certified check.
96691
cashier’s check.
Question 23
5 / 5 pts
A defense against payment of commercial paper that may be used against any party EXCEPT a holder in due course is called a:
52239
specific defense.
64887
special defense.
83593
commercial defense.
23370
personal defense.
Question 24
5 / 5 pts
Administrative agencies lack the authority to establish rules that have the force of law.
33209
True
61770
False
Question 25
5 / 5 pts
A certified check is one that the bank has promised to pay when it is presented for payment.
7951
True
1051
False
Question 26
5 / 5 pts
A misdemeanor is a less serious offense than a ______.
46155
blue-collar crime
58795
felony
77292
civil wrong
54435
tort
Question 27
5 / 5 pts
All but one of the following organizational forms have limited liability. This exception is the:
65106
limited partnership.
48759
subchapter S corporation.
94950
sole proprietorship.
46979
corporation.
Question 28
5 / 5 pts
A barren promise is one that involves a promise:
75253
to do something one is already required to do.
71344
to perform an illegal act.
43739
to perform an act that involves an unreasonable period of time.
88695
that cannot be performed.
Question 29
5 / 5 pts
According to the UCC, a sale is:
54231
a negotiated transaction.
62213
a payment for goods.
45924
the passing of title from the seller to the buyer for a price.
35593
a void transaction.
Question 30
5 / 5 pts
A negotiable order bill of lading can be used to ensure that the carrier will not deliver the goods until the receiver surrenders the original copy of the order bill of lading to the:
96444
importer.
95307
carrier.
38317
dealer.
75003
retailer.
Question 31
5 / 5 pts
An attorney can be found to have committed malpractice if he or she fails to act in a timely fashion in filing claims or bringing suit before the ___________ expires.
27124
limitation of pleadings
25176
liability limitation
82346
limitations of law
31517
statute of limitations
Question 32
5 / 5 pts
A pledge or a subscription, which is a promise to donate money, is unenforceable.
16970
True
68318
False
Question 33
5 / 5 pts
A legal bar to the use of contradictory words or acts in asserting a claim against another is known as:
61994
restraining order.
50281
redeeming power.
40455
condition.
18667
estoppel.
Question 34
5 / 5 pts
A ________________ is a person of legal age and at least normal mentality who is considered by law to be capable of understanding the meaning of a contract and is permitted to enter into a valid contract.
96056
contracting party
81386
competent party
10451
contractor
33261
valid participant
Question 35
5 / 5 pts
A written contract can be a handwritten note.
80246
True
44000
False
Question 36
5 / 5 pts
A minor who has appointed an agent may ________ the contract of agency in some states
95726
reform
56756
modify
10079
avoid
79108
estop
Question 37
5 / 5 pts
A lawsuit against the financial planner’s intentional or negligent misstatement or nondisclosure of a material fact relating to an investment is brought for _____.
55462
misrepresentation.
52081
nuisance.
53594
churning.
77621
unsuitability.
Question 38
5 / 5 pts
An attorney is not liable to a client if he or she fails to exercise due care in handling a client’s affairs.
98327
True
137
False
Question 39
5 / 5 pts
An attorney is liable to a client if he or she fails to exercise due care in handling a client’s affairs.
64428
True
33907
False
Question 40
5 / 5 pts
A contract may provide for its termination after a certain period of time.
78135
True
10122
False
Question 41
5 / 5 pts
A mentally ill person may sometimes have lucid periods during which he or she may exercise sound judgment.
1275
True
86524
False
Question 42
5 / 5 pts
A transnational institution’s purpose is overseeing the implementation of all multinational trade agreements negotiated now or in the future.
79239
True
86706
False
IncorrectQuestion 43
0 / 5 pts
A transnational institution’s purpose is to:
18697
provide a set of rules to ensure that there is no trade discrimination
93574
maintain a stable environment for the economies and currencies
10347
oversee the implementation of all multinational trade agreements
46580
maintain legal and economic order in trade.
Question 44
5 / 5 pts
A crime is an offense against the public at large.
24122
True
89325
False
Question 45
5 / 5 pts
A breach of contract results when a party to a contract refuses to perform as required by the contract or performs in an unsatisfactory manner.
41575
True
16689
False
Question 46
5 / 5 pts
A business owned and operated by two or more persons is a(n):
98496
partnership.
48169
corporation.
24710
sole proprietorship.
29948
subchapter S corporation.
Question 47
5 / 5 pts
All of the following EXCEPT a _____ who learns from a patient that he or she intends to do harm to another has the legal responsibility to inform the possible victim and the appropriate authorities.
31177
physician
17960
discologist
14458
psychiatrist
85627
nurse
Question 48
5 / 5 pts
A person who makes a promise without requiring some benefit in return has made a:
6193
onerous contract.
9193
gratuitous promise.
821
barren promise.
61939
pledge or subscription.
Question 49
5 / 5 pts
A certain action can either be a tort or a crime; it cannot be both.
39068
True
90870
False
Question 50
5 / 5 pts
A negotiable warehouse receipt, like the negotiable order bill of lading, requires that the original copy be presented to the warehouser before the goods will be surrendered to someone claiming them.
26836
True
47623
False
Question 1
5 / 5 pts
Beliefs and standards that are considered to be worthwhile are known as:
discretions.
ethics.
morals.
values.
Question 2
5 / 5 pts
A larger culture has a certain genre of values that are different from the values held by employees of a corporation or by a department within a company, may be known as a:
subculture.
cross-culture.
macro-culture.
para-culture.
Question 3
5 / 5 pts
An incidental beneficiary is one who may benefit as a direct consequence of contract.
True
False
Question 4
5 / 5 pts
Federal district courts have original jurisdiction to hear all appeals from state trial courts.
True
False
Question 5
5 / 5 pts
A defense against payment of commercial paper that may be used against any party EXCEPT a holder in due course is called a:
special defense.
personal defense.
specific defense.
commercial defense.
Question 6
5 / 5 pts
Morals are the standards and principles that society has adopted as a guide for the behavior of the individual within society.
True
False
Question 8
5 / 5 pts
A certified check is one that the bank has promised to pay when it is presented for payment.
True
False
Question 9
Not yet graded / 5 pts
There was a time when state constitutions and laws differed from state to state with the result that interstate commerce was affected. What resolved the conflicting statutes regulating business activity among the states?
Your Answer:
By adopting Uniform Commercial Code.
Question 10
5 / 5 pts
It is necessary for the average person to understand some of the general principles of law, how to avoid common problem and pitfalls, and know when to seek professional help.
True
False
Question 11
5 / 5 pts
All the following conditions release an endorser from liability EXCEPT:
any act that completes the negotiation of the instrument, such as payment.
the release of a prior party’s obligation or the release of the debtor
the intentional cancellation of the endorser’s signature by the holder
an invalid tender of payment by a prior party.
Question 12
5 / 5 pts
Many legal obligations are based on moral obligations, but not all moral obligations are legally enforceable.
True
False
Question 13
5 / 5 pts
The practice of relying on previous decisions is known as ______.
res judicata
stare decisis
obiter dicta
res sub-judice
Question 14
5 / 5 pts
Sometimes, the driving force for reform may be the:
whistleblower.
protagonist.
ethic guru.
quality assuror.
Question 15
5 / 5 pts
American firms are prohibited from bribing foreign officials under the:
Federal Sentencing Guidelines.
Federal Indictments Act.
Civil Rights Act.
Foreign Corrupt Practices Act.
Question 16
5 / 5 pts
A court has appellate jurisdiction if it has the authority to hear appeals from other courts.
True
False
Question 17
5 / 5 pts
Administrative agencies lack the authority to establish rules that have the force of law.
True
False
Question 19
5 / 5 pts
The laws passed by Congress and by state legislatures are called ______.
statutes
executive orders
notices
stare decisis
Question 20
5 / 5 pts
A court decision upon which courts later rely in similar cases is known as a(n) ______.
statutory review
judicial review
example
precedent
Question 21
5 / 5 pts
An employee handbook should contain information related to the history of the company, including its mission and philosophy.
True
False
Question 22
5 / 5 pts
The person against whom a lawsuit is brought or who is charged with a violation of the law is called a ______.
decree holder
plaintiff
defendant
judgment debtor
Question 23
5 / 5 pts
State laws require that barbers and pharmacists pass examinations to be ______.
enrolled in the Bar Council
licensed to practice
employed by federal institutions
immune from lawsuits
Question 24
5 / 5 pts
The usual motivation behind whistleblowing is the outrage to a person’s sense of:
self-esteem.
knowledge.
ethics.
confidence.
Question 25
5 / 5 pts
Some firms or industries have established a code of ethics, sometimes called a “credo.” The objective of a code of ethics is to:
establish guidelines in dealing with suppliers.
establish rules for management to follow in dealing with employee grievances.
set down the principles to be followed in dealing with government agencies.
specify the principles of ethical behavior expected of its employees.
Question 26
5 / 5 pts
All but one of the following organizational forms have limited liability. This exception is the:
limited partnership.
sole proprietorship.
corporation.
subchapter S corporation.
Question 27
5 / 5 pts
All of the following EXCEPT a _____ who learns from a patient that he or she intends to do harm to another has the legal responsibility to inform the possible victim and the appropriate authorities.
discologist
physician
nurse
psychiatrist
Question 28
5 / 5 pts
All contracts are agreements, but not all agreements are contracts. The PRIMARY reason is that:
terms of an agreement usually are different from those of a contract.
certain agreements cannot be enforced by law.
agreements do not fall under any classification of contracts.
certain agreements cannot be licensed under law.
Question 29
5 / 5 pts
At times, citizens of a particular country refuse to purchase goods made by businesses located in other countries. This action, whether supported by the government or not, is referred to as a:
boycott.
confiscation.
domestication.
localization.
Question 30
5 / 5 pts
A person who makes a promise without requiring some benefit in return has made a:
barren promise.
gratuitous promise.
pledge or subscription.
onerous contract.
Question 31
5 / 5 pts
Agency is a type of contract and, like other contracts, may be terminated by agreement, by performance, or by operation of law.
True
False
IncorrectIncorrectQuestion 32
0 / 5 pts
A _________ can be liable for failing to inform a patient of the risks involved in a particular surgery.
physician
nurse
pharmacist
chemist
Question 33
5 / 5 pts
Although limited liability companies provide all of the owners with limited liability, these owners are not permitted to participate in the management of the business.
True
False
Question 34
5 / 5 pts
A negotiable warehouse receipt, like the negotiable order bill of lading, requires that the original copy be presented to the warehouser before the goods will be surrendered to someone claiming them.
True
False
Question 35
5 / 5 pts
A pledge or a subscription, which is a promise to donate money, is unenforceable.
True
False
Question 36
5 / 5 pts
A minor who has appointed an agent may ________ the contract of agency in some states
avoid
modify
reform
estop
Question 37
5 / 5 pts
A director has a legal and ethical obligation to act diligently and prudently in conducting the affairs of the corporation. This is called the:
psychological duty.
duty of loyalty
legal responsibility.
mandatory duty.
IncorrectIncorrectQuestion 38
0 / 5 pts
An intoxicated person may not avoid a contract where, due to the extent of intoxication, he or she was unable to understand the nature and effect of the contract.
True
False
Question 39
5 / 5 pts
A limited partner will be deemed by the courts to be a general partner if he or she:
constantly refuses to sign a proxy.
unintentionally violates the duty of care owed to the corporation.
26 A business that is formed as a separate legal entity is a(n):
A. partnership.
*B. corporation.
C. joint venture.
D. sole proprietorship.
participates regularly in the duty of loyalty and duty of care.
participates in the overall management of the business.
Question 40
5 / 5 pts
An agency by invention is created when circumstances make such an agency necessary.
True
False
Question 41
5 / 5 pts
A promise to give up something of value that a person has a legal right to keep or to agree to do something that a person is not legally required to do is known as consideration.
True
False
Question 42
5 / 5 pts
A business owned and operated by two or more persons is a(n):
subchapter S corporation.
corporation.
sole proprietorship.
partnership.
Question 43
5 / 5 pts
A transnational institution’s purpose is to:
provide a set of rules to ensure that there is no trade discrimination
maintain a stable environment for the economies and currencies
oversee the implementation of all multinational trade agreements
maintain legal and economic order in trade.
Question 44
5 / 5 pts
A ________________ is a person of legal age and at least normal mentality who is considered by law to be capable of understanding the meaning of a contract and is permitted to enter into a valid contract.
contractor
competent party
contracting party
valid participant
IncorrectIncorrectQuestion 45
0 / 5 pts
A contract is enforceable even if:
laws and regulations increase the cost of performance.
the contract calls for a special skill or talent possessed by a party to the contract that dies before timely performance can be rendered.
laws and regulations enacted after the contract is entered make performance illegal.
laws and regulations do not absolve the parties from their contractual obligations.
Question 46
5 / 5 pts
A breach of contract results when a party to a contract refuses to perform as required by the contract or performs in an unsatisfactory manner.
True
False
Question 47
5 / 5 pts
A contract for labor and materials to be enforceable, even though it involves $500 or more:
need not always be in writing.
must be entered by parties owning a business.
must be certified by notary.
should always be in writing.
Question 48
5 / 5 pts
A contract in which title and risk of loss remain with the seller and that provides for the sale subject to the buyer’s final decision is a(n):
sale on approval.
FOB contract.
contract to sell.
endorsement of contract.
Question 49
5 / 5 pts
All but one of the following elements is required of an enforceable contract. The exception is:
consideration.
malafide intention.
offer and acceptance.
mutual agreement.
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Question 25 pts
There are 50 federal circuit courts of appeal, one for each state.
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Question 35 pts
A distinction between law and ethics is that legal mandates are usually more:
Flag this Question
Question 55 pts
A court has appellate jurisdiction if it has the authority to hear appeals from other courts.
Flag this Question
Question 65 pts
All of the following are the influencing factors on both group values and individual values EXCEPT:
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Question 75 pts
According to the doctrine of employment at will, only the employer, and not the employee, may choose to terminate the employment relationship at any time.
Flag this Question
Question 85 pts
Administrative agencies include federal agencies such as the National Labor Relations Board.
Flag this Question
Question 95 pts
A certified check is one that the bank has promised to pay when it is presented for payment.
Flag this Question
Question 105 pts
An incidental beneficiary is one who may benefit as a direct consequence of contract.
Flag this Question
Question 115 pts
An employer can safely disclose information about a current or former employee in the following areas EXCEPT for areas related to the employee’s
Flag this Question
Question 145 pts
The law concerned with the unenforceable obligations that people have to one another is known as ______
Flag this Question
Question 155 pts
Most legal scholars agree that today’s laws provide ¬adequate protection of the ______ of the individual.
Flag this Question
Question 165 pts
A kind of guarantee or promise made by a manufacturer or seller that the goods and services offered are really what they are claimed to be, or that the goods or services are what a reasonable person has a right to expect, is known as a(n):
Flag this Question
Question 175 pts
Many legal obligations are based on moral obligations, but not all moral obligations are legally enforceable.
Flag this Question
Question 185 pts
The usual motivation behind whistleblowing is the outrage to a person’s sense of:
Flag this Question
Question 195 pts
A person who reveals to a governmental authority, or to news media, confidential information regarding some wrong doing or conduct that he or she regards as unethical is called a(n):
Flag this Question
Question 205 pts
Decisions made by the U.S. Supreme Court must ______ by other courts.
Flag this Question
Question 215 pts
A whistleblower is one who calls attention to unpleasant conditions at the workplace.
Flag this Question
Question 225 pts
The person against whom a lawsuit is brought or who is charged with a violation of the law is called a ______.
Flag this Question
Question 235 pts
Today’s business professionals involved in global markets are sometimes faced with ethical predicaments because of different:
Flag this Question
Question 245 pts
Courts that are given the power to hear only certain kinds of cases have ______ jurisdiction.
Flag this Question
Question 255 pts
A __________ is a certified check issued in a denomination of $20 or more by certain banks, travel agencies, and financial services companies.
Flag this Question
Question 265 pts
All but one of the following organizational forms have limited liability. This exception is the:
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Question 285 pts
A transnational institution’s purpose is overseeing the implementation of all multinational trade agreements negotiated now or in the future.
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Question 295 pts
A conditional sales contract is one way of selling merchandise with the condition that title will remain with the buyer until the purchase price has been paid.
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Question 305 pts
An agency by operation of law is created when a court finds the need for an agency to achieve a desired social policy.
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Question 315 pts
A _________ can be liable for failing to inform a patient of the risks involved in a particular surgery.
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Question 325 pts
Agents are usually classified according to the nature of their relationship with their principals.
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Question 335 pts
A category of illegal activity that includes embezzlement, stock swindles, fraud against insurance companies, credit card fraud, computer fraud, and theft of computer programs is known as business-related crime.
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Question 355 pts
A promise of an act by one party in exchange for the promise of an act by another is an example of:
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Question 375 pts
A promise to give up something of value that a person has a legal right to keep or to agree to do something that a person is not legally required to do is known as consideration.
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Question 395 pts
A minor who has appointed an agent may ________ the contract of agency in some states
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Question 405 pts
All of the following EXCEPT a _____ who learns from a patient that he or she intends to do harm to another has the legal responsibility to inform the possible victim and the appropriate authorities.
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Question 415 pts
An attorney is liable to a client if he or she fails to exercise due care in handling a client’s affairs.
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Question 435 pts
A minor can be held liable if he or she makes damaging statements in writing for the act of:
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Question 445 pts
A contract for labor and materials to be enforceable, even though it involves $500 or more:
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Question 455 pts
A contract for sale with the right of return gives the buyer the opportunity to return them to the seller at a later time, but does not give the buyer title.
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Question 465 pts
A competent party is said to have contractual capacity, that is, the ability to:
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Question 475 pts
A certain action can either be a tort or a crime; it cannot be both.
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Question 485 pts
A negotiable warehouse receipt, like the negotiable order bill of lading, requires that the original copy be presented to the warehouser before the goods will be surrendered to someone claiming them.
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Question 495 pts
A contract in which title and risk of loss remain with the seller and that provides for the sale subject to the buyer’s final decision is a(n):
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Question 505 pts
A competent party is a person of legal age, but fails to take into account the mental state of the individual.
Question 15 pts
An employee handbook should contain information related to the history of the company, including its mission and philosophy.
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Question 25 pts
There are 50 federal circuit courts of appeal, one for each state.
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Question 35 pts
A distinction between law and ethics is that legal mandates are usually more:
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Question 55 pts
A court has appellate jurisdiction if it has the authority to hear appeals from other courts.
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Question 65 pts
All of the following are the influencing factors on both group values and individual values EXCEPT:
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Question 75 pts
According to the doctrine of employment at will, only the employer, and not the employee, may choose to terminate the employment relationship at any time.
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Question 85 pts
Administrative agencies include federal agencies such as the National Labor Relations Board.
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Question 95 pts
A certified check is one that the bank has promised to pay when it is presented for payment.
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Question 105 pts
An incidental beneficiary is one who may benefit as a direct consequence of contract.
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Question 115 pts
An employer can safely disclose information about a current or former employee in the following areas EXCEPT for areas related to the employee’s
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Question 145 pts
The law concerned with the unenforceable obligations that people have to one another is known as ______
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Question 155 pts
Most legal scholars agree that today’s laws provide ¬adequate protection of the ______ of the individual.
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Question 165 pts
A kind of guarantee or promise made by a manufacturer or seller that the goods and services offered are really what they are claimed to be, or that the goods or services are what a reasonable person has a right to expect, is known as a(n):
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Question 175 pts
Many legal obligations are based on moral obligations, but not all moral obligations are legally enforceable.
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Question 185 pts
The usual motivation behind whistleblowing is the outrage to a person’s sense of:
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Question 195 pts
A person who reveals to a governmental authority, or to news media, confidential information regarding some wrong doing or conduct that he or she regards as unethical is called a(n):
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Question 205 pts
Decisions made by the U.S. Supreme Court must ______ by other courts.
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Question 215 pts
A whistleblower is one who calls attention to unpleasant conditions at the workplace.
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Question 225 pts
The person against whom a lawsuit is brought or who is charged with a violation of the law is called a ______.
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Question 235 pts
Today’s business professionals involved in global markets are sometimes faced with ethical predicaments because of different:
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Question 245 pts
Courts that are given the power to hear only certain kinds of cases have ______ jurisdiction.
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Question 255 pts
A __________ is a certified check issued in a denomination of $20 or more by certain banks, travel agencies, and financial services companies.
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Question 265 pts
All but one of the following organizational forms have limited liability. This exception is the:
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Question 285 pts
A transnational institution’s purpose is overseeing the implementation of all multinational trade agreements negotiated now or in the future.
Flag this Question
Question 295 pts
A conditional sales contract is one way of selling merchandise with the condition that title will remain with the buyer until the purchase price has been paid.
Flag this Question
Question 305 pts
An agency by operation of law is created when a court finds the need for an agency to achieve a desired social policy.
Flag this Question
Question 315 pts
A _________ can be liable for failing to inform a patient of the risks involved in a particular surgery.
Flag this Question
Question 325 pts
Agents are usually classified according to the nature of their relationship with their principals.
Flag this Question
Question 335 pts
A category of illegal activity that includes embezzlement, stock swindles, fraud against insurance companies, credit card fraud, computer fraud, and theft of computer programs is known as business-related crime.
Flag this Question
Question 355 pts
A promise of an act by one party in exchange for the promise of an act by another is an example of:
Flag this Question
Question 375 pts
A promise to give up something of value that a person has a legal right to keep or to agree to do something that a person is not legally required to do is known as consideration.
Flag this Question
Question 395 pts
A minor who has appointed an agent may ________ the contract of agency in some states
Flag this Question
Question 405 pts
All of the following EXCEPT a _____ who learns from a patient that he or she intends to do harm to another has the legal responsibility to inform the possible victim and the appropriate authorities.
Flag this Question
Question 415 pts
An attorney is liable to a client if he or she fails to exercise due care in handling a client’s affairs.
Flag this Question
Question 435 pts
A minor can be held liable if he or she makes damaging statements in writing for the act of:
Flag this Question
Question 445 pts
A contract for labor and materials to be enforceable, even though it involves $500 or more:
Flag this Question
Question 455 pts
A contract for sale with the right of return gives the buyer the opportunity to return them to the seller at a later time, but does not give the buyer title.
Flag this Question
Question 465 pts
A competent party is said to have contractual capacity, that is, the ability to:
Flag this Question
Question 475 pts
A certain action can either be a tort or a crime; it cannot be both.
Flag this Question
Question 485 pts
A negotiable warehouse receipt, like the negotiable order bill of lading, requires that the original copy be presented to the warehouser before the goods will be surrendered to someone claiming them.
Flag this Question
Question 495 pts
A contract in which title and risk of loss remain with the seller and that provides for the sale subject to the buyer’s final decision is a(n):
Flag this Question
Question 505 pts
A competent party is a person of legal age, but fails to take into account the mental state of the individual.