Reference no: EM13789212

QUESTION 1: All contracts involving interests in land must be in writing to be enforceable.

True

False

QUESTION 2: Bob, research manager for Agri-Products, Inc., applies utilitarian ethics to determine that an action is morally correct when it produces:

a. the greatest good for Bob.

b. the greatest good for the most people.

c. the least good for the fewest people.

d. the least good for the most people.

QUESTION 3: Beth is a victim of Carl's violation of a criminal law. Criminal law is concerned with:

a. the prosecution of private individuals by other private individuals.

b. the prosecution of public officials by private individuals.

c. the relief avaliable when a person's rights are violated.

d. wrongs comitted against the public as a whole.

QUESTION 4: The unethical conduct of corporate management is unlikely to affect the behavior of lower-level employees.

True

False

QUESTION 5: A promise has no legal value as consideration.

True

False

QUESTION 6: A-One Pavers, Inc., contracts with Best Building Corporation to repave Best's parking lot. As with any contract, the elements of this contract do not include:

a. consideration.

b. contractual capacity.

c. legality.

d. practicality.

QUESTION 7: Accused persons cannot be forced to give information if it will be used to prosecute them.

True

False

QUESTION 8: Ann believes that Burt is about to hit her. To prevent harmful contact in this situation, Ann may use:

a. any force.

b. any force, except force that is likely to cause death.

c. force that is reasonably necessary.

d. no force.

QUESTION 9: A "distinctive" trademark is protected from unauthorized use.

True

False

QUESTION 10: Timber, Inc., and United Corporation enter into an oral contract for a sale of a lumber mill. Under the Statute of Frauds, before United takes possession, this contract is enforceable by:

a. either party.

b. neither party.

c. Timber only.

d. United only.

QUESTION 11: Abby and Ben copy and exchange MP3 music files over the Internet without anyone's permission. With respect to songs owned by Charter Recording Company, this is:

a. copyright infringement.

b. fair use.

c. licensing.

d. protected expression.

QUESTION 12: To commit an intentional tort, a person must act with an evil motive.

True

False

QUESTION 13: Sue and Roy are riding their horses together. Sue jokingly tells Roy that Roy's horse is too slow. Roy laughs and jokingly responds "Yes he is too slow! I would sell him for $5!" Sue hands Roy $5. This is

a valid acceptance because Sue gave Roy the money in a reasonable time.

a valid acceptance because there is consideration on both sides.

Not a valid acceptance because Roy's offer was made in jest.

not a valid acceptance because Roy's horse is worth more than $5.

QUESTION 14: A contract is always enforceable even if one party is aware that the other party made a mistake of fact.

True

False

QUESTION 15: Generally, parents are liable for contracts made by their minor children.

True

False

QUESTION 16: Under the objective theory of contracts, the intention to enter into a contract is judged by outward, objective facts as interpreted by a reasonable person.

True

False

QUESTION 17: A Minnesota state statute restricts certain kinds of advertising to protect consumers from being misled. A court would likely hold this statute to be:

a. an unconstitutional restriction of speech.

b. constitutional under the First Amendment.

c. justified by the need to protect individual rights.

d. necessary to protect state interests.

QUESTION 18: Brad files a suit against Corporate Industries, Inc., in a Delaware state court. A state court system typically includes:

a. a state supreme court and trial courts only.

b. a state supreme court, intermediate appellate courts, and trial courts.

c. intermediate appellate courts and trial courts only.

d. trial courts only.

QUESTION 19: To initiate a lawsuit, Allen files a complaint against Beth, who responds with an answer. Taken together, the complaint and answer are:

a. depositions.

b. discovery.

c. interrogatories.

d. the pleadings.

QUESTION 20: Biotech Research Associates asks its employees to consider ethical behavior from both the "categorical imperative" perspective and the Golden Rule approach. Unlike the latter, the categorical imperative:

a. allows a person to control the behavior of persons who behave unethically.

b. does not permit individuals to submit to the dictates of an unjust government.

c. focuses on personal survival.

d. forces a person to consider the consequences of his or her actions if everyone behaved in a similar way.