Question 1. Generally, which power(s) does (do) an administrative agency possess?
all powers necessary to effectively perform the duties entrusted to it
legislative only
judicial only
executive only
Question 2. A contract is said to be executory when
it is in writing
it is under seal
all of the obligations thereunder have been performed
any of the obligations thereunder remain to be performed
Question 3. A bilateral contract consists of a:
promise for a future act
promise for refraining from acting
promise for a promise
promise to contract in the future
Question 4. The ethical category of integrity and truthfulness is best expressed as:
maintaining ones values and principles so long as profits can be maintained.
maintaining ones values and principles so long as the costs are not great.
maintaining ones values and principles unless deviating will go unnoticed.
maintaining ones values and principles despite the consequences or cost.
Question 5. Which of the following has been linked with the long-term growth and profitability of business organizations?
High standards for product quality
High standards for employee welfare
High standards for customer service
All of the above
Question 6. An offer may be terminated by
a revocation of the offer by the offeror
lapse of time
death or disability of either party
all of the above
Question 7. Consideration is:
the concern shown by the other contracting party
what is determined by the promisor as the price for the promise
a stated number of dollars
the concern of both contracting parties for the protection of the environment
Question 8. A deposition:
is the testimony of a witness taken under oath
is conducted outside the court room
can be used to impeach a witness
all of the above
Question 9. A motion for summary judgement can be filed when:
the defendent fails to file an answer to the complaint
the plaintiff fails to conduct discovery
when there is no disputed issue of material fact in the case
none of the above
Question 10. Statutory law is written by:
Congress and other legislative bodies
judges
governmental agencies
the president
Question 11. An administrative regulation:
Is a guideline that may be voluntarily followed
Has the force of law
Is a suggestion that will protect the environment
Is a standard used to govern industry
Question 12. A regulation adopted by a federal administrative agency is binding if:
It has been printed in the Federal Register
The persons affected have received copies of it
The persons affected have notified the agency of their approval of the regulation
Publicity has been given to it by the news media
Question 13. An obligation to pay the reasonable value of services rendered when there is no contract would be called:
quasi-contractual
quasi-enforceable
semi-enforceable
valid
Question 14. Consideration to support a contract generally requires
an adequate exchange
a reasonable price
an agreed exchange
none of the above
Question 15. When one party has broken a contract, there are remedies, which include:
Bringing an action for damages
Rescinding the contract
Seeking specific performance
All of the above
Question 16. An express warranty is:
a statement by the seller which is the basis of the bargin
a statment by the seller which must include the words express warranty
a statement by the seller which must be made before the sale occurs
none of the above
Question 17. A buyer may revoke acceptance of goods:
and not give notice of the revocation to the seller
if the goods are substantially impaired
and the parties are required by law to go to court to resolve questions related to their rights and responsibilities under the contract
none of the above
Question 18. The obligations of the parties to a sales contract include:
The seller's duty to deliver the goods to the buyer's place of business
The buyer's duty to always accept the goods
The seller's duty to arrange for appropriate transport
The buyer's duty to pay for the goods
Question 19. One party to a contract permitting the other party to continue performance without objecting that the performance is unsatisfactory is an example of a(n):
Waiver
Breach
Anticipatory repudiation
Forbearance
Question 20. Disparate impact exists when facially neutral employment practices:
Adversely impact a protected group
Intentionally discriminate against a protected group
Favorably impact a protected group
Intentionally impact unfavorably a protected group but the activity is business related
Question 21. Hostile working environment sexual harassment:
Cannot be created by unwelcome sexual flirtations and propositions
Cannot result in an injunction being granted against offensive conduct
Can result in an award of punitive damages
Can result in a business being sold
Question 22. The warranty of merchantability
can be disclaimed
does not apply to the serving for value of food or drink to be consumed on the seller's premises
implies that the goods are fit for all purposes for which such goods are used
all of the above
Question 23. An oral contract can be enforced when it relates to:
The purchase of a television set for $200
The sale of an interest in land for $400
Managing a factory for five years
A promise to answer for the debit of another
Question 24. When a sales contract is broken by the seller, the buyer may
reject the nonconforming goods
revoke acceptance of goods which do not conform to the contract
allow the tender of nonconforming goods to be cured
all of the above
Question 25. The sources of American law include:
state constitutions and the Federal constitution
statutes enacted by state legislatures and the Congress
court decisions and U.S. treaties
all of the above
Question 26. Legal principles expressed for the first time in court decisions are called:
statutory law
stare decisis
common law
case law
Question 27. The Americans With Disabilities Act applies to private employers when:
They have federal contracts
They have been shown to exhibit a pattern of discrimination
They have 15 or more employees
They have contracts with any state agency
Question 28. Parol evidence is generally admissible to explain:
Ambiguous terms
Why signatures are missing
Why a contract was not performed
Implied terms
Question 29. Maria intentionally attempts to have Patty break a contract Patty has with Alfred. Maria will be liable under which theory of tort?
libel
product disparagement
wrongful interference with a contract
infliction of emotional distress
Question 30. Which of the following does not constitute acceptance:
Express statement of approval by the buyer
Examination by the buyer
Retaining goods for an unreasonably long period of time
Modifying the goods
Question 31. Defamation consisting of the publication or communication of false, spoken words is termed:
slander
libel
privilege
perjury
Question 32. Bob sent letters to people randonly slected from the phone book. The letters said "It is agreed that we will paint your house for a price based upon the cost of the materials and our labor." Sue received the letter. Sue and Bob have
a division contract
a contingency contract
an invitation to negotiate
an option contract
Question 33. Among the guidelines for balancing the interests of various stakeholders to resolve ethical dilemmas in business are:
Identify potential parties who could be injured by the proposed action
Define the problem from both the decision maker's viewpoint and the opposing viewpoints
Ask whether you would be willing to describe a proposed action to your family, board of directors, congressional hearings, or other public forum
All of the above
Question 34. Today the following parties may recover damages in product liability cases
the buyer and the buyer's family members
only the buyer
the buyer, the buyer's customers and employees, and other third parites
none of the above
Question 35. If the buyer materially breaches a sales contract
the seller may not cancel the contract until she has given the buyer at least six months to preform
the seller is still obligated to perform
the seller may cancel the contract and the cancellation ends the contract and discharges all unperformed obligations on both sides.
none of the above
Question 36. Philip Laws rented an apartment from Candice Sutton. Laws had notified Sutton on more than one occasion that the wooden steps to his apartment were decaying and in need of repair. Laws claimed that he had to leave the outside light on in order to avoid portions of the steps that would no longer bear his weight when he came in at night. Sutton promised to repair the steps while Laws was away on a business trip. Accordingly, Laws did not leave the lights on during his absence. When he returned three nights later Laws was injured when one of the steps broke under his weight as he was entering his apratment. Laws sued Sutton. Sutton replied that she should not bear full responsibility for Laws' injury, as Laws knew of the condition of the steps, and had not taken the customary precaution of lighting the area.
a. You be the jury. How do you decide?
b. Discuss the applicable law(s) and then apply the law(s) to the material facts in the problem. In discussing the law, describe each element of the law and the facts that apply to each element. Include a discussion of any possible defenses.
Question 37. Sierra and Hannah went snowboarding at Mammoth last winter. On the trip Sierra admired Hannah's snowboard, and told her so. Hannah told Sierra that she was going to buy a new snowboard in the summer and that Hannah would sell this board to Sierra for $300. Sierra agreed to buy the board. That August Hannah bought a new snowboard. She called Sierra and told her she was ready to complete the sale. Sierra responded by saying "What sale?" Hannah reminded Sierra of the conversation they had had that winter about Sierra buying Hannah's old snowboard. Sierra's response was "Oh, I was just admiring your board. I didn't want to buy it."
a. You be the jury. Do Sierra and Hannah have a contract?
b. Discuss the applicable law(s) and then apply the law(s) to the material facts in the problem. In discussing the law, describe each element of the law and the facts that apply to each element.