Business Law 1 Final Exam

QUESTION 1Criminal law as opposed to civil law is concerned most with: the prosecution of private individuals by other private individuals. the prosecution of public officials by private individuals. the relief available when a person’s rights are violated.  wrongs committed against the public as a whole.6 points   QUESTION 2Which of the following is considered tangible personal property? A car A copyright on a book A house attached to property A plot of land6 points   QUESTION 3 The covenant of quiet enjoyment requires a landlord to leave the tenant undisturbed in the tenants enjoyment of the property. True False6 points   QUESTION 4Which of the following is copyrightable? The idea of a dark and stormy night in a horror novel.  An invention for the light bulb. The television show The Sopranos The trademark word Aspirin.6 points   QUESTION 5Which of the following is not a type of trademark that determines partially how strong a mark is? Descriptive Suggestive Arbitrary Invented6 points   QUESTION 6What are the elements of a contract?For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).     — Font family — — Font size —                   — Format –HeadingSub Heading 1Sub Heading 2ParagraphFormatted Code — Font family –Andale MonoArialArial BlackBook AntiquaComic Sans MSCourier NewGeorgiaHelveticaImpactSymbolTahomaTerminalTimes New RomanTrebuchet MSVerdanaWebdingsWingdings — Font size –1 (8pt)2 (10pt)3 (12pt)4 (14pt)5 (18pt)6 (24pt)7 (36pt)                                                                                 Path: Words:17 points   QUESTION 7In which of the following situations is revocation of an offer effective: Alice has a unilateral contract. The offer is to paint her house for $50.  Bob begins to paint the house before he finishes Alice tries to revoke the contract Bob offers to sell a car to Bill. He promises to keep the offer open for two weeks. After one week, he tells Bill that the offer is revoked. Same facts as above except this time Bill pays Bob $10 to keep the offer open.7 points   QUESTION 8Which of the following is not a type of business entity? A sole proprietorship A corporation A collaboration A partnership7 points   QUESTION 9What are the two main types of fiduciary duties owed by partners to one another and the partnership?     — Font family — — Font size —                   — Format –HeadingSub Heading 1Sub Heading 2ParagraphFormatted Code — Font family –Andale MonoArialArial BlackBook AntiquaComic Sans MSCourier NewGeorgiaHelveticaImpactSymbolTahomaTerminalTimes New RomanTrebuchet MSVerdanaWebdingsWingdings — Font size –1 (8pt)2 (10pt)3 (12pt)4 (14pt)5 (18pt)6 (24pt)7 (36pt)                                                                                 Path: pWords:07 points   QUESTION 10Herb, a computer programmer for Inventory Control Corporation, is arrested in his employer’s parking lot on suspicion of larceny. Herb must be informed of his right to a trial by jury. punishment. question witnesses. remain silent.7 points   QUESTION 11Patty creates a formal will designating how she would like her estate distributed after she dies. Patty is a(n) testator. heir. executor. administrator.7 points   QUESTION 12Johnny is a minor. As a minor, Boyd has the capacity to enter into an invalid contract. an unavoidable contract. a valid contract that may be disaffirmed. no contract.7 points   QUESTION 13When determining whether procedural unconscionability exists, what factor with the court not take into consideration: The relative bargaining power of the parties. The age of the parties. Whether the terms of the agreement are unfair. The experience of the parties.7 points   QUESTION 14Unilateral mistake (where the party not laboring under the mistake is not aware the other party is mistake) is the basis for declaring a contract invalid.  True False7 points   QUESTION 15Which right is not found in the sixth amdendment? The right to confront witnesses Right to an attorney Due process A speedy trial.7 points   Click Save and Submit to save and submit. Click Save All Answers to save all answers.