Week 4 - Quiz_ BUS311_ Business Law I (BBL2348A)
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School
Ashford University *
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Course
311
Subject
Law
Date
Jan 9, 2024
Type
Pages
6
Uploaded by TonyRoyal
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Week 4 - Quiz
Due
Jan 8, 2024 at 12:59am
Points
10
Questions
10
Time Limit
720 Minutes
Instructions
Attempt History
Attempt
Time
Score
LATEST
Attempt 1
48 minutes
8 out of 10
Score for this quiz: 8
out of 10
Submitted Dec 25 at 3:56pm
This attempt took 48 minutes.
Week 4 Quiz
[WLOs: 1, 2, 3] [CLOs: 2, 5]
Prior to taking this quiz, review Chapters 11 and 13 of the textbook. Complete the quiz on these chapters.
The quiz contains 10 multiple-choice questions and is worth 5% of your grade. You will have 12 hours to
complete the quiz, and it must be taken in one sitting.
Click on the Take the Quiz
button when you are ready to start this exam. When finished, click on Submit
Quiz
.
0 / 1 pts
Question 1
How would a carpenter show proof of ownership of a wardrobe and chest of
drawers they built?
a receipt for the lumber and other necessary supplies You Answered
You Answered
a photograph of themself standing next to the furniture the work they expended to create the furniture orrect Answer
orrect Answer
a notarized document showing proof of ownership of the furniture The answer can be found in Chapter 11, Section 11.1, Personal
Property
.
0 / 1 pts
Question 2
Aaron sees an old picnic table in the grass alongside the road and, thinking
the table has been discarded, takes it home with him. He spends the rest of
the spring sanding the table down and refinishing it, then places it in his front
yard. In reality, the table belongs to Corinne, who had placed it in the grass
for a family picnic. Corrine sees the table in Aaron’s front yard, knocks on
Aaron’s front door, and demands her table back. Which of the following
statements applies to this scenario? Aaron can keep the table. Corinne can just take the table back. Corinne must pay Aaron for the improvements. orrect Answer
orrect Answer
Corinne can sue Aaron for conversion. You Answered
You Answered
The answer can be found in Chapter 11, Section 11.1, Personal
Property
.
1 / 1 pts
Question 3
Lawanda has lived in her townhouse for 4 years on a month-to-month basis.
Her landlord gives her notice that he wants her to move out by May 1 so he
can convert the townhouse into a condo and sell it. Lawanda, who doesn’t
want to move, continues to live in the townhouse past May 1. Which of the
following types of nonpossessory interest in land does this scenario
illustrate?
tenancy for years periodic tenancy tenancy at will tenancy at sufferance Correct!
Correct!
1 / 1 pts
Question 4
Which of the following scenarios would be considered a violation of fair use
if done without getting the copyright holder’s permission?
quoting a brief excerpt of a book in a review of that book copying a newspaper article to hand out to a high school social studies class quoting a brief excerpt from a journal article in a scholarly paper reprinting a copyrighted book and citing the author Correct!
Correct!
1 / 1 pts
Question 5
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Heather, who works for a corporation, was appointed by the board of
directors. Her job duties include managing the regular, daily operations of
the corporation. Heather is which of the following types of employees?
shareholder officer Correct!
Correct!
chair of the board agent 1 / 1 pts
Question 6
Which of the following items are considered to be intangible personal
property
?
land vehicles stocks Correct!
Correct!
buildings 1 / 1 pts
Question 7
Which of the following types of business organization is considered in the
eyes of the law to be a person that enjoys an existence apart from the
individuals who own or manage it?
S corporation
C corporation Correct!
Correct!
limited liability partnership limited liability company 1 / 1 pts
Question 8
Geoff, Barney, and Ada are attorneys who have known each other since law
school and decide to start their own law firm. Which of the following forms of
business organization would be most suitable for them?
S corporation general partnership limited partnership limited liability partnership Correct!
Correct!
1 / 1 pts
Question 9
Which of the following statements regarding principals and agents in a
general partnership is TRUE?
only one partner can be an agent for the business only one partner can be a principal in transactions partners can only be an agent or a principal, but not both all partners are both principals and agents to the other partners Correct!
Correct!
1 / 1 pts
Question 10
Bess and Claude run a dress boutique, with Bess as general partner and
Claude as limited partner. If Bess neglects to pay the store’s rent for 3
months and the landlord sues, which of the following consequences can
Bess and Claude expect to occur?
Claude’s capital contribution and share of undistributed profits will be
protected.
Claude stands to lose personal assets such as his personal bank account
and his car.
Bess will be potentially personally liable to the landlord for the back rent. Correct!
Correct!
Bess will be potentially personally liable to Claude if the business goes under.
Quiz Score: 8
out of 10
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