Question11: Java Cafes, Inc., and Kaffe Import Corporation dispute a term in their contract. Resolving the dispute between Java and Kaffe by having a neutral third party render a binding decision is one of the advantages of:

a.arbitration b.conciliation C.intervention d.mediation

Question12: Mack and Nancy engage in a business transaction from which a dispute arises. Mack initiates a lawsuit against Nancy by filing a complaint. If Nancy files a motion to dismiss, she is asserting that:

a. Mack did not state a claim for which relief can be granted. b.Mack's statement of the facts is not true. C.Mack's statement of the law is not true. d.Nancy suffered greater harm than Mack. Question13: Jay drops a bowling ball on Kyla's foot. Jay is liable for negligence if he acted.

a. unrealistically. b. with carelessness C. unrecognizably d. intentionally

Question25: Termination of an offer by the parties involved can be done by all of the following:

a. Revocation of the offer before acceptance b. Counteroffer C. lapse of time d. All of the above e. None of the above

Question27: A closed corporation is one:

a. with a pending application for incorporation b. with stock that can only be traded with other corporations c. that is in the process of dissolution d. that has a small number of stockholders e. that issues only preferred stock