Question: 1.When a relationship involves both money and a position of trust, it is _____ (a) an indemnification (b) ovation (c) a fiduciary relationship (d) an

1.When a relationship involves both money and a position of trust, it is _____

(a) an indemnification

(b) ovation

(c) a fiduciary relationship

(d) an implied warranty.

2.If a company's policy is neutral on its face, but it results in unexpected discrimination, this is called _____

(a) disparate treatment

(b) disparate impact

(c) mixed motives

(d) arbitrary.

3.If you want to protect yourself from being sued for non-performance on a contract due to a natural disaster, you would want to include a _____

(a) severability clause

(b) time is of the essence clause

(c) force majeure clause

(d) arbitration clause.

4.A valid contract dealing with land _____

(a) is governed by the Statute of Frauds

(b) is governed by the UCC

(c) must be in writing

(d) both "a" and "c."

5.The chief characteristic of the UCC is ____

(a) rigid rules

(b) flexibility

(c) the requirement standard clauses in contracts

(d) mandatory damages.

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