Q AND A MID TERM BUSINESS LAW
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School
Keiser University *
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Course
1240
Subject
Law
Date
Feb 20, 2024
Type
docx
Pages
5
Uploaded by HighnessOxideAlpaca23
1)
When both parties to a contract are mistaken as to the same fact, the contract cannot be rescinded by either party.
True
X False
2)
Stare decisis refers to the practice of decising new cases with reference to previous decisions.
X True
False
3)
A court imposes a quasi contract to avoid one party's unjust enrichment at another's expense.
X True
False
4)
Gary hits Timothy in the back of the head. Gary is guilty of an assault.
True
X False
5)
Exculpatory clauses are rarely enforced.
X True
False
6)
A person who borrows a friend's car and fails to return it at the friend's request is guilty of conversion.
X True
False
7)
The act of accepting and giving legal force to previously unenforceable obligation is called:
emancipation
dissafirmance
X ratification
consideration
Question
8
of
25
Moving to another question will save this response.
8)
According to the parole evidence rule, any additional testimony/evidence not already contained in a written contract will be inadmissable, if the court finds the parties to have intended for the written contract to be a complete a final statement.
X True
False
9)
Standard Office Corporation pays Tech Products $1,000 to use a Tech computer for a month. For purposes of the UCC, this is
a consignment
X
a lease
a sale
a gift
10)
Suzy pays Triple-A Office Supply Company $1,500 for a new laptop computer. According to the UCC, this is
a gift
a lease
X a sale
not a gift, a lease, or a sale.
11)
Liquidated damages are an uncertain amount.
True
X False
12)
The President can hold acts of Congress and of the courts unconstitutional.
True
X False
13)
A copyright is infringed only if a work is copied in its entirety.
True
X False
14) A promise to do what one already has a legal duty to do is not legally sufficient consideration under most circumstances.
X True or False
15) Pedro is selling his iPod to Jerry for $250. Because this is a contract involving the sale of goods, in excess of $200, it must be in writing.
True
X False
16) The age of majority for contractual purposes is twenty-one years for females and eighteen years for males.
True
X False
17) To satisfy the elements of wrongful interference, a valid contract must exist, the third party must know said contract exists, and that third party must cause the breaking of the contract, regardless of intent.
True
X False
18) State e-signature laws are not uniform.
X True
False
19) Southern Distribution, Inc., signs a receipt for goods that will also serve as a contract for the goods' transport. This is
X a bill of lading
a destination contract
a shipment contract
a warehouse receipt
20
) 20) Intended beneficiaries have no legal rights under a contract.
True
X False
21) Offers that must be kept open for a period of time include advertisements.
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X FALSE
False
22) The Bill of Rights were designed to protect individuals against various types of interference by the federal government only.
X True
23) Better Home Products, Inc. (BHP), salespersons tell potential customers that BHP products are "excellent." This is
an express warranty
an implied warranty
a warranty of title
X puffery
24) The right of A-Plus Design, Inc., to reject goods that fail to conform to its contract with Brittle Bottling Company is
the mere image rule
the mailbox rule
the parole evidence rule
X the perfect tender rule
25) The Federal Trade Commission (FTC) rules that A+ Goods, Inc., engages in de-
ceptive advertising when it markets its product Best Cleaner as able to kill germs over long periods of time. In an action against A+ regarding Best, the FTC orders A+ to stop its false advertising of Best. This is
bait and switch advertising
X a cease and desist order
a counteradvertising order
excessive abuse of authority