Reference no: EM132265806
1. Inadvertently, Ralph leaves his backpack at Sushi Café when he stops for lunch. The backpack is?
?mislaid property.
?abandoned property.
?bailed property.
?lost property.
2. Enrico accesses Finance Bank’s computer system without authority to obtain protected financial and credit records. Under federal law, this is
?a felony if it was done for a commercial purpose.
?not a crime.
?a crime but not a felony.
?a felony if the bank brings a civil suit against Enrico.
3. Equine World enters into a contract with FabuloSales to provide Equine World with a plan to repurpose its marketing strategy. If FabuloSales breaches the contract, Equine World has a duty to:
?punish FabuloSales and deter others from similar acts.
?take no action.
?reduce the loss that FabuloSales might otherwise suffer.
?reduce the damages that Equine World might otherwise suffer.
4. Kelly is accused of receiving stolen property. She can refuse to provide information about her allegedly criminal activities
?under no circumstances.
?if she suspects the information will be used to prosecute her.
?if the information is “fruit of the poisonous tree.”
?if the police do not promise to keep the information confidential.
5. Even in states that permit certain types of gambling, courts find that gambling contracts are illegal.
True
False
6. Gwen and Hunt are partners in Investment Associates. Hunt takes advantage of a partnership opportunity for personal gain that causes the firm’s business to suffer. A court orders Hunt to hold the profits in trust for the partnership. This is?
?an living trust.
?a resulting trust.
?a constructive trust.
?a testamentary trust.
7. Maya dies without a will. A court appoints Nora to handle the probate of Maya’s estate. The administrator of the estate is?
?Maya’s closest blood relative.
?Maya.
?Nora.
?the court.
8. Ohio charges Pablo, an architect, a fee to practice his profession in the state. This is
?unconscionable.
exculpatory.
?usurious.
?a license.