Business Law Final

Question 15 pts An employee handbook should contain information related..

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 45 pts
The Uniform Commercial Code was ______.

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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 125 pts
An assignment must always be in writing.

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Question 135 pts
Sometimes, the driving force for reform may be the:

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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 275 pts
A barren promise is one that involves a promise:

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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 345 pts
According to the doctrine of frustration of purpose:

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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 365 pts
A written contract can be a handwritten note.

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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 385 pts
A contract is enforceable even if:

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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 425 pts
A bill of sale that is handwritten is:

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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 ______.

a small percentage of appeals as it has no legal obligation to hear all appeals from lower courts

a large percentage of appeals from both the federal and state appellate courts

all appeals directly from the federal trial courts

all appeals directly from the state trial courts

Question 2

5 / 5 pts
In the United States, the federal Constitution gives______.

unlimited powers exclusively to the federal government

unlimited powers to both the federal and state governments

reasonable powers to the federal government

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

acceptor.

buyer

proprietor

seller

Question 4

5 / 5 pts
The whistleblower may be confronted with an ethical:

observation.

quantum.

practice.

dilemma.

Question 5

5 / 5 pts
The development of technology has introduced a burgeoning array of ethical questions.

True

False

Question 6

5 / 5 pts
Statutes are the laws enacted by ______.

state and federal legislatures

state courts

old English courts

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:

apartheid.

discrimination.

privacy.

governance.

Question 8

5 / 5 pts
A contract may prohibit either just one party or both parties from assigning or delegating.

True

False

Question 9

5 / 5 pts
A code of ethics is also known as a(n):

kudo.

quantum.

credo.

epilogue.

Question 10

5 / 5 pts
Administrative law is the body of rules, regulations, and decisions created by administrative agencies.

True

False

Question 11

5 / 5 pts
A distinction between law and ethics is that legal mandates are usually more:

obscure.

precise.

flexible.

flawed.

Question 12

5 / 5 pts
A __________ check is one that is dated later than the date the check is written.

certified

forged

postdated

bad

Question 13

5 / 5 pts
American firms are prohibited from bribing foreign officials under the:

Civil Rights Act.

Federal Sentencing Guidelines.

Foreign Corrupt Practices Act.

Federal Indictments Act.

Question 14

5 / 5 pts
Appeals of the decisions of federal administrative agencies are made to the ______.

U.S. Circuit Courts of Appeals

U.S. District Courts

U.S. Supreme Court

International Court of Justice

Question 16

5 / 5 pts
The Uniform Commercial Code was ______.

adopted by all 50 states in 1943

upheld by the Supreme Court as constitutional in 1971

prepared in 1952 by the National Conference of Commissioners

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.

True

False

Question 18

5 / 5 pts
The Uniform Commercial Code has been adopted, at least partly, by all 50 states.

True

False

Question 19

5 / 5 pts
The usual motivation behind whistleblowing is the outrage to a person’s sense of:

confidence.

knowledge.

self-esteem.

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):

whistleblower.

quality assuror.

protagonist.

ethic guru.

Question 21

5 / 5 pts
The laws passed by Congress and by state legislatures are called ______.

statutes

stare decisis

executive orders

notices

Question 22

5 / 5 pts
A check presented more than six months after its date is known as a:

traveler’s check.

stale check.

certified check.

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:

specific defense.

special defense.

commercial defense.

personal defense.

Question 24

5 / 5 pts
Administrative agencies lack the authority to establish rules that have the force of law.

True

False

Question 25

5 / 5 pts
A certified check is one that the bank has promised to pay when it is presented for payment.

True

False

Question 26

5 / 5 pts
A misdemeanor is a less serious offense than a ______.

blue-collar crime

felony

civil wrong

tort

Question 27

5 / 5 pts
All but one of the following organizational forms have limited liability. This exception is the:

limited partnership.

subchapter S corporation.

sole proprietorship.

corporation.

Question 28

5 / 5 pts
A barren promise is one that involves a promise:

to do something one is already required to do.

to perform an illegal act.

to perform an act that involves an unreasonable period of time.

that cannot be performed.

Question 29

5 / 5 pts
According to the UCC, a sale is:

a negotiated transaction.

a payment for goods.

the passing of title from the seller to the buyer for a price.

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:

importer.

carrier.

dealer.

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.

limitation of pleadings

liability limitation

limitations of law

statute of limitations

Question 32

5 / 5 pts
A pledge or a subscription, which is a promise to donate money, is unenforceable.

True

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:

restraining order.

redeeming power.

condition.

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.

contracting party

competent party

contractor

valid participant

Question 35

5 / 5 pts
A written contract can be a handwritten note.

True

False

Question 36

5 / 5 pts
A minor who has appointed an agent may ________ the contract of agency in some states

reform

modify

avoid

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 _____.

misrepresentation.

nuisance.

churning.

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.

True

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.

True

False

Question 40

5 / 5 pts
A contract may provide for its termination after a certain period of time.

True

False

Question 41

5 / 5 pts
A mentally ill person may sometimes have lucid periods during which he or she may exercise sound judgment.

True

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.

True

False

IncorrectQuestion 43

0 / 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 crime is an offense against the public at large.

True

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.

True

False

Question 46

5 / 5 pts
A business owned and operated by two or more persons is a(n):

partnership.

corporation.

sole proprietorship.

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.

physician

discologist

psychiatrist

nurse

Question 48

5 / 5 pts
A person who makes a promise without requiring some benefit in return has made a:

onerous contract.

gratuitous promise.

barren promise.

pledge or subscription.

Question 49

5 / 5 pts
A certain action can either be a tort or a crime; it cannot be both.

True

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.

True

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 7

5 / 5 pts
A cashier’s check is drawn against the depositor’s own funds.

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 18

5 / 5 pts
A code of ethics is also known as a(n):

credo.

kudo.

epilogue.

quantum.

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.

Question 50

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:

carrier.

retailer.

importer.

dealer.

Flag this Question

Question 25 pts
There are 50 federal circuit courts of appeal, one for each state.

Flag this Question

Question 35 pts
A distinction between law and ethics is that legal mandates are usually more:

Flag this Question

Question 45 pts
The Uniform Commercial Code was ______.

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:

Flag this Question

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 125 pts
An assignment must always be in writing.

Flag this Question

Question 135 pts
Sometimes, the driving force for reform may be the:

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:

Flag this Question

Question 275 pts
A barren promise is one that involves a promise:

Flag this Question

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 345 pts
According to the doctrine of frustration of purpose:

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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 365 pts
A written contract can be a handwritten note.

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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 385 pts
A contract is enforceable even if:

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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 425 pts
A bill of sale that is handwritten is:

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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 45 pts
The Uniform Commercial Code was ______.

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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 125 pts
An assignment must always be in writing.

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Question 135 pts
Sometimes, the driving force for reform may be the:

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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 275 pts
A barren promise is one that involves a promise:

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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 345 pts
According to the doctrine of frustration of purpose:

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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 365 pts
A written contract can be a handwritten note.

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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.

Flag this Question

Question 385 pts
A contract is enforceable even if:

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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 425 pts
A bill of sale that is handwritten is:

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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:

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:

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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.

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