Questions and Answers of Essentials of Business Law

What levers can Luke use to influence those with whom he disagrees?a. It is important to think about the long-term success of the company. Over the long run, customers will be best served and
Kant believed that:(a) It is ethical to tell a lie if necessary to protect an innocent person from great harm.(b) It is ethical to tell a lie if the benefit of the lie outweighs the cost.(c) It is
The following statement is true:(a) Most people are honest the vast majority of the time.(b) Even people who do not believe in God are more likely to behave honestly after reading the Ten
The Legal Environment event no longer appears on her credit record, but the bank form asks about all bankruptcies. Although she is perfectly willing to lie on the form, Rob insists that she be
For which of the following activities can a foreign sovereign be sued?(a) Operating a factory dangerously(b) Issuing a law that discriminates against a certain group(c) Suspending the civil rights of
Outdoor Technologies (an Australian company) obtained a judgment for $500,000 against Silver Star (a Chinese company) in a court in Australia. Silver Star owned property in Iowa, so Outdoor filed
The president negotiates a defense agreement with a foreign government. To take effect, the agreement must be ratified by which of the following?(a) Two-thirds of the House of Representatives(b)
Lynn is an author living in Nevada. She contracted with a company in China, which promised to print her custom children’s books. After receiving Lynn’s payment, the company disappeared without
A bill is vetoed by _______________.(a) The speaker of the House(b) A majority of the voting members of the Senate(c) The president(d) The Supreme Court
If a bill is vetoed, it may still become law if it is approved by _______________.(a) Two-thirds of the Supreme Court(b) Two-thirds of registered voters(c) Two-thirds of the Congress(d) The
When courts interpret statutes, they ask _______________.(a) What the words in the statute ordinarily mean(b) Which political parties endorsed the law(c) What Congress intended the law to do(d)
Under FOIA, any citizen may demand information about _______________.(a) How an agency operates(b) How an agency spends its money(c) Files that an agency has collected on the citizen herself(d) All
Iseberg, Slavin, and Gross were business partners. After Iseberg forced Slavin out of the business, Slavin told Gross he wanted to shoot Iseberg. Two years later, Slavin did just that, rendering
If information requested under FOIA is not exempt, an agency has _______________ to comply with the request.(a) 10 days(b) 30 days(c) 3 months(d) 6 months
Should the law require restaurant employees to know and employ the Heimlich maneuver to assist a choking victim? If they do a bad job, they could cause additional injury. Should it permit them to do
Greenville College, a public community college, has a policy of admitting only male students. If the policy is challenged under the Fourteenth Amendment, _______________ scrutiny will be applied.(a)
Which of the following statements accurately describes statutes that Congress and the president may create?(a) Statutes must be related to a power listed in Article I, section 8, of the
A state statute prohibits advertising by any sexually oriented business within 1 mile of the state highways. The state argues that the law protects minors and reduces prostitution. The businesses
Which of the following is true of the origin of judicial review?(a) It was created by Article II of the Constitution.(b) It was created by Article III of the Constitution.(c) It was created in the
Consider Kelo v. City of New London, in which a city with a revitalization plan squared off against property owners who did not wish to sell their property. The key constitutional provision was the
Edward Salib owned a donut shop. To attract customers, he displayed large signs in his store window. The city ordered him to remove the signs because they violated its Sign Code, which prohibited
Alice is suing Betty. After the discovery process, Alice believes that no relevant facts are in dispute and that there is no need for a trial. She should move for a _______________.(a) Judgment on
Glen lives in Illinois. He applies for a job with a Missouri company, and he is told, amazingly, that the job is open only to white applicants. He will now sue the Missouri company under the Civil
A default judgment can be entered if which of the following is true?(a) A plaintiff presents her evidence at trial and clearly fails to meet her burden of proof.(b) A defendant loses a lawsuit and
Higher courts are reluctant to review a lower court’s factual findings. Should this be so? Would appeals be fairer if appellate courts reviewed everything?
Barry and Carl are next-door neighbors. Barry’s dog digs under Carl’s fence and does $500 worth of damage to Carl’s garden. Barry refuses to pay for the damage, claiming that Carl’s cats
In a criminal case, which statement is true?(a) The prosecution must prove the government’s case by a preponderance of the evidence.(b) The criminal defendant is entitled to a lawyer even if she
The police are not required to obtain a warrant before conducting a search if:(a) A reliable informant has told them they will find evidence of a crime in a particular location.(b) They have a
Under the exclusionary rule, which statement is true?(a) Evidence must be excluded from trial if the search warrant is defective, even if the police believed at the time of the search that it was
Henry asks his girlfriend, Alina, to drive his car to the repair shop. She drives his car all right—to Las Vegas, where she hits the slots. Alina has committed:(a) Fraud.(b) Embezzlement.(c)
Which of the following elements is required for a RICO conviction?(a) Investment in a legitimate business(b) Two or more criminal acts(c) Maintaining or acquiring businesses through criminal
Imagine a case in which a jury awards compensatory damages of $1 million. In most cases, a jury would rarely be allowed to award more than _______________ in punitive damages.(a) $1 million(b) $3
Lindsay had a limp. As she exited a Marshall’s store and walked to her car, a store security guard asked her what was wrong. She said had been in a car accident and showed the security guard her
Al runs a red light and hits Carol’s car. She later sues, claiming the following losses:I. $10,000—car repairsII. $10,000—medical expensesIII. $10,000—lost wages (she could not work for two
The United States Constitution is among the finest legal accomplishments in the history of the world. Which of the following influenced Ben Franklin, Thomas Jefferson, and the rest of the Founding
The Big Red Traveling (BRT) Carnival is in town. Tony arrives at 8:00 p.m., parks in the lot—and is robbed at gunpoint by a man who beats him and escapes with his money. There are several police
Indicate whether each of the following statements is true or false.The United States currently has a single payer system to provide health insurance to all individuals.
Answer the following questions, which require you to think critically about the legal principles that you learned in this chapter.Is it ethical for an attorney in fact to make health care decisions
Answer the following questions, which require you to think critically about the legal principles that you learned in this chapterShould the current state regulation of health insurance companies be
Answer the following questions, which require you to think critically about the legal principles that you learned in this chapter.Is it fair that some employees receive health insurance benefits
Answer the following questions, which require you to think critically about the legal principles that you learned in this chapter.What are some ways in which employers can keep the costs of providing
Answer the following questions, which require you to think critically about the legal principles that you learned in this chapter.Given that the requirements for drafting and executing valid advance
Answer the following questions, which require you to think critically about the legal principles that you learned in this chapter.Should the FCPA impose U.S. ethical standards on the activities of
Indicate whether each of the following statements is true or false.An employer has the right to be free from featherbedding.
Indicate whether each of the following statements is true or false.Insider trading that is properly reported to the SEC is legal.
Match each of the numbered definitions with the correct term in the following list. a. Social mediab. Cyberstalkingc. Improper affiliation d. Equal Credit Opportunity Acte. Username
Answer the following questions and discuss them in class.Distinguish between real and personal property.
Roche and Hecht owned a boat, which they used for weekend fishing trips. Because both were married and had children, they set up their agreement to own the boat in such a way that if either one died,
Indicate whether each of the following statements is true or false.The landlord–tenant relationship can be created by express or implied contract.
Complete the following activities. Then share your findings with the class.Using the Internet and search engines, investigate cases that embody the terms testamentary intent, testamentary capacity,
Indicate whether each of the following statements is true or false.A person of any age can make a will.
Answer the following questions, which require you to think critically about the legal principles that you learned this chapter.Why is it important to society that the law protect intellectual
Study each of the following cases. Answer the questions that follow with Yes or No.Milbank Enterprises decided to purchase equipment for its printing business from Lee Equipment. On April 1, Lee
Indicate whether each of the following statements is true or false.In a partnership, the expulsion of one of the partners must always be for cause.
Answer the following questions and discuss them in class.Explain the differences between a limited partnership and other partnerships
Answer the following questions and discuss them in class.Differentiate between the principal–agent and employer–employee relationships.
Answer the following questions and discuss them in class.Explain how an agency may be terminated.
Answer the following questions and discuss them in class.Explain the provisions of the Magnuson-Moss Warranty Act.
Study each of the following cases. Answer the questions that follow with Yes or No.Miro, the owner of a supermarket, contracted with Market Supply Company for one complete checkout counter, including
Answer the following questions and discuss them in class.The term warranty and distinguish between express and implied warranties.
Complete the following activities. Share your findings with the class.In teams of three or four, interview owners or managers of small businesses to determine how their sales contracts address
Answer the following questions and discuss them in class.Explain how title and certificate of title relate to ownership.
Complete the following activities. Share your findings with the class.A Bill of Sale, Bill of Lading or Warehouse Reciept must be in writing. Find (or create) an example of these documents that have
Study each of the following cases. Answer the questions that follow with Yes or No.Chiu agreed to sell his custom-built sailboat to Graham for $60,000. Before delivery, Chiu received another offer
Indicate whether each of the following statements is true or false.Services of artists, musicians, photographers, and athletes can be delegated.
Indicate whether each of the following statements is true or false.In most cases, duties required in an employment contract are not delegable.
Answer the following questions and discuss them in class.Distinguish between a third-party beneficiary and an incidental beneficiary.
Answer the following questions and discuss them in class.Why do you think an antenuptial agreement dealing with the custody of children would not be enforceable?
Answer the following questions and discuss them in classIs an illegal agreement enforceable? Why or why not?
Answer the questions that follow with Yes or No.What are some crimes that are particularly applicable to business?
Answer the questions that follow with Yes or No.What are the three major classifications of crimes?
Answer the following questions and discuss them in class.Explain the distinction between fraud and misrepresentation
Answer the following questions and discuss them in class.What are some examples of duress?
Answer the following questions, which require you to think critically about the legal principles hat you learned in this chapter.What is the difference between extortion and bribery?
Indicate whether each of the following statements is true or false.Administrative agencies are found at local, state, and federal levels of government
Complete the following activities. Share your findings with the class.Using the Internet and search engines, locate the website of one of the administrative agencies that affect the lives of
Complete the following activities. Share your findings with the class.Working in teams of three or four, interview officials or supervisors of some department or agency of municipal government—such
Complete the following activities. Share your findings with the class.Using the Internet and search engines, investigate blogs that contain political speech. Make a listing of statements and explain
Complete the following activities. Share your findings with the class.In teams of three or four, visit the offices of local college and city newspapers. Ask the reporters and writers to explain the
Indicate whether each of the following statements is true or false.A person who defames another individual by exhibiting an insulting drawing in a public place could be charged with libel.
Answer the following questions, which require you to think critically about the legal principles that you learned in this chapter.Analyze and critique some current activities of government relating
Complete the following activities. Share your findings with the class.Using the Internet and search engines, find information about the Securities and Exchange Commission’s program to reward
Answer the following questions and discuss them in class.Identify several common torts and explain how each might be committed in a business environment
Complete the following activities. Share your findings with the class. In teams of three or four, interview several property/casualty insurance agents or claims adjusters (as distinguished from
Answer the following questions, which require you to think critically about the legal principles that you learned in this chapter.The law protects businesses against defamatory statements or writings
Complete the following activities. Share your findings with the class.Using the Internet and search engines, investigate a case involving negligence.
Do you think that a U.S. citizen who disagrees with U.S. foreign policy against one of its enemies should be charged with treason for donating money to that enemy’s war efforts against the United
Study each of the following cases. Answer the questions that follow with Yes or No.Scher, a homeowner, purchased a vacuum cleaner from a door to door salesperson. When the salesperson demonstrated
Answer the following questions and discuss them in class.Explain how law affects(a) People’s personal or social lives and(b) Business or business operations.
On June 1, Cain delivered his 1994 automobile to Barr, the operator of a repair shop, for necessary repairs. Barr put the car in his lot on Main Street. The lot, which is fenced on all sides except
John Walker, a widower, died testate. His will, in part, provided:“I give and bequeath my piano to my daughter Nancy. I give and bequeath to my daughter Jennifer the sum of $1,000. I give and
In 1963, a deed for land in Pitt County, North Carolina, was executed and delivered by Joel and Louisa Tyson “unto M. H. Jackson and wife Maggie Jackson, for and during the term of their natural
On June 30, 1997, Martin Hendrickson and Solveig Hendrickson were married, and on January 3, 1998, a home previously owned by Martin was conveyed to them as joint tenants and not as tenants in
On January 1, 2001, Davis and Hershey owned Blackacre as tenants in common. On July 1, 2001, Davis made a written contract to sell Blackacre to Dibbert for $25,000. Pursuant to this contract, Dibbert
John Doe, for valuable consideration, agreed to convey to Richard Roe eighty acres of land. He delivered a deed, the material portions of which read:“I, John Doe, grant and convey to Richard Roe
In May 1996, Fred Parramore executed four deeds, each conveying a life estate in his land to him and his wife and a remainder interest in one-fourth of his land to each of his four children: Alney,
Leo owned a one-story, one-family dwelling in a single-family residential zoning district in Detroit. He attempted to sell the house with its adjoining lot for $38,500. Houses in the neighborhood
The states of California and Nevada established the Tahoe Regional Planning Agency (TRPA) to study the impact of development on Lake Tahoe. The TRPA imposed two moratoria beginning in 1981, totaling
State whether or not a trust is created in each of the following situations:(a) A declares herself trustee of “the bulk of my securities” in trust for B.(b) A, the owner of Blackacre, purports to
Joe Brown gave to his wife, Mary Brown, $35,000 with which to buy real property. They orally agreed that title to the real property should be taken in the name of Mary Brown but that she should hold

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