Business Law Answer Key

Business Law upshot Key This is a comprehensive distinguish to all the questions, including some chapters which we did non cover. You be responsible only for chapters on the syllabus. Ch. 1 A. 3 B. 5 C. 1 D. 2 E. 4 1. F 2. T 3. F 4. T 5. T 6. B 7. D 8. D 9. A 10. E Ch. 3 A. 5 B. 4 C. 2 D. 1 3 E. 3 1 Interrogatories is a pre audition procedure involving written questions to be signed under vow attestation is a pretrial procedure involving spontaneous questions answered under oath 1.F 2. F 3. T 4. T- F 5. T About champion half of all rightsuits settle ahead trail -) True In a lawsuit for m cardinaly damages, both the complainant and the defendant are generally authorise to a jury. -) True 6. E 7. D 8. C 9. C 10. D Ch. 4 A. 5 B. 6 C. 1 D. 2 E. 3 F. 4 Stare Decisis The rein in that requires courts to decide cases based on the preceding(prenominal) Promulgate- The act an administrative agency creating a overbold rule 1. T 2. F- T 3. T 4. F 5. F 6. F The due proces s clause requires that all citizen is entitled to a jury trial before any right or property refer is taken -) false Administrative agencies play an advisory persona in the life of many industries exactly do non have the juristic authority to enforce their opinions. -) dour 7. D 8. B 9. C 10. D 11. C 12. B If Colorado passes a hotel value of 8 percent for Colorado residents and 15 percent for out of state visitors. The new law is void, based on the profession clause. Which of these is an example of judicial review? A federal court declares a statute(predicate) unconstitutional What is an example of a serve?A court order requiring a deponent to answer questions. Ch. 5 ideal A. 4 B. 3 C. 6 D. 2 E. 1 F. 7 G. 5 1. F 2. F (not enough information shelling for sure) 3. T 4. F 5. T 6. D 7. A 8. C 9. C 10. C Ch. 6 A. 3 B. 5 C. 1 D. 2 E. 4 1. F 2. T (depends in which state state law differs on this point) 3. F 4. T-F 5. T 6. F Some states are comparative scorn states but t he majorities are contributory default states. -) False A landowner big businessman be liable if a dinner guest take flight on a broken porch step but not liable if a trespasser fell on the same place. ) True 7. C 8. D 9. D 10. C Ch. 7 A. 5 B. 1 (this seems to be the topper choice, although the definition sounds more like the Anti-Money make clean Act rather than RICO, which was originally passed to besiege organized crime). C. 4 D. 6 E. 3 F. 2 1. F 2. T 3. T 4. F 5. F Corporate officers butt joint be convicted of crimes corporation they cannot be -) False An affidavit is the governments established charge of criminal wrongdoing. Affidavit- a written statement signed under oath 6. D 7. E 8. A 9. A- E 10. B A prosecutor implicated that he may lack fit evidence to obtain a opinion may agree to an affidavit. Professor asks Janice, his inform assistant to please drive the professors car to the repair shop. Janice gets in and drives, not to the garage, but 1,400 miles f arther due west to Las Vegas. Janice has committed Embezzlement. Ch. 9 A. 4 (this is how the text defines implied requires, but keep in pass that if you spell out the foothold of a agreement, this is going to be an express contract an implied contract is one which can be inferred from the conduct of the parties) B. 5 C. 3 D. 1 E. Implied contract- An agreement based on voice communication and actions of the parties Consideration- Bargaining that leads to an exchange between the parties Liquidated debt- a debt in which the amount is undisputed. Bilateral contract- a common law principle requiring the word meaning to be on exactly the terms of the introduce. 1. F 2. F 3. F 4. T 5. F 6. A (although E seems ok to me as well) 7. C (although A seems ok to me as well, but perhaps not enough facts are provided, so C is the better answer) 8. E 9. C- E 10. E Abdul hires Sean to work in his store, and agrees to pay him $9 an hour.Control Key and Word text edition and Graphics.Th is agreement is governed by the UCC-)False If someone makes and offer and that person puts another offer on the table, they are rejecting the offer. Ch. 10 A. 3(intent is just one of the elements to prove fraud) B. 4 C. 5 D. 1 E. 2 Part Performance- Entry onto land, or improvements made to it, by a purchaser who has no written contract forgiving Clause- a contract clause mean to relieve one caller from strength tort financial obligation 1. T 2. F 3. T- F 4. T 5. T 6. F Non compete clauses are suspect because they dispose to restrain free trade. -) True 7.B 8. A 9. D 10. A 11. C 12. D If people are buying and exchange a house and neither party has copy of the emails, they liquid have the parties still have a binding contract for the sale of Louises House. You drive up to a fancy restaurant and hired man your car keys to the valet . You have created a Baliment. Bailment giving possession and control of individual(prenominal) property to another person. CH. 16 A. 3 B. 4 C. 1 D. 5 E. 2 1. T-F 2. F-T 3. F 4. F-T 5. T A of import is continuously liable on a contract, whether he is full disclosed, unidentified or undisclosed. ) True When a contract goes wrong, a third party can always recover damages from the federal agent, whether the principal is fully disclosed, unidentified, or undisclosed. -) False An agent may never act for two principals whose interest conflict-) false 6. B 7. C 8. B-D 9. C 10. A-none Someone painting the outside of a building you own crashed through a window, injuring a visiting executive. Which of the following questions would our lawyer not need to ask to square up if the painter was your employee? Had you checked the painters references?Which of the following activities committed by an agent is not likely to create liability for the principal. A car accident succession driving to work. Ch. 17 A. 4 B. 6 C. 5 D. 2 E. 1 F. 3 1. F 2. F 3. F 4. T 5. T 6. F 7. F 8. F 9. F 10. E 11. A 12. B 13. C 14. E 15. A CH. 18 A. 1 B. 3 C. 4 D. 2 E. 5 1. T 2. T 3. F 4. F 5. T 6. B 7. E 8. D 9. D 10. B CH. 20 A. 2 B. 5 C. 4 D. 1 E. 3 1. F 2. T 3. T 4. F 5. F 6. C 7. A 8. D 9. C 10. C CH. 22 A. 4 B. 5 C. 3 D. 1 E. 2 1. F 2. T 3. F 4. F 5. T 6. D 7. C 8. B 9. B 10. C CH. 25 A. 4 B. 3 C. 5 D. 1 E. 2 1. T 2. T 3. F 4. T 5. T 6. B 7. C 8. D 9. B 10. A