Commercial Law
Exam Solutions
Course Introduction
Commercial Law examines the legal framework governing business and commercial transactions. The course covers key areas such as contract formation and enforcement, sale of goods, agency, negotiable instruments, and secured transactions. Students explore the rights and obligations of parties in commercial dealings, analyze relevant statutes and case law, and assess the impact of legal principles on business operations. By understanding the foundational legal concepts, students will be better equipped to navigate real-world business scenarios and address legal issues that arise in commercial contexts.
Recommended Textbook Law and Ethics in the Business Environment 8th Edition by Terry Halbert
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9 Chapters
148 Verified Questions
148 Flashcards
Source URL: https://quizplus.com/study-set/212
Page 2
Chapter 1: Law, Ethics, Business: An Introduction
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21 Verified Questions
21 Flashcards
Source URL: https://quizplus.com/quiz/3124
Sample Questions
Q1) Virtue ethics:
A) focuses on what human beings are capable of being.
B) develop from learning how to make choices in difficult situations.
C) accepts that individuals rarely reach moral excellence.
D) are based on the concept that a person's ethical beliefs are developed in childhood and do not change.
Answer: A
Q2) Which of the following statements regarding Benefit Corporations is true?
A) Benefit corporations are required to identify one or more specific benefit purposes.
B) Directors of benefit corporations are protected from all lawsuits from both shareholders and beneficiaries of the corporation's public benefit purpose.
C) Benefit corporations are incorporated under state law with the intent to be profitable.
D) All of these statements regarding benefit corporations are true.
Answer: C
Q3) From where do ethical preferences originate?
Answer: Ethical preferences originate not from legislators or judges, but from an individual's own critical consciousness.
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3
Chapter 2: The Duty of Loyalty: Whistleblowing
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15 Verified Questions
15 Flashcards
Source URL: https://quizplus.com/quiz/3125
Sample Questions
Q1) How was Ken Kendrick of The Peanut Corporation of America a typical whistleblower? An atypical whistleblower?
Answer: Mr. Kendrick's was a typical whistleblower because he tried to resolve the issue internally with his manager and the CEO. He was an atypical whistleblower because he next tried to deal with the problems anonymously and then left the company without doing anything more until a salmonella outbreak at a different PCA plant. Second, although he realizes that he did the right thing, he sees himself as more of a "prison snitch" than a whistleblower.
Q2) According to research, what are the characteristics of the typical whistleblower?
Answer: The typical whistleblower is a long-term, highly loyal employee who strongly believes his or her company should do the right thing. A whistleblower tends to try to resolve the issue(s) internally. If nothing is done in response to the complaint(s), the whistleblower feels compelled to disclose the problem to authorities outside the company and/or the media.
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4
Chapter 3: Privacy and Technology
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20 Verified Questions
20 Flashcards
Source URL: https://quizplus.com/quiz/3126
Sample Questions
Q1) Since a corporation is a "person" in the eyes of the law, a corporation's constitutional right to privacy is identical to a natural person's rights.
A)True
B)False
Answer: False
Q2) The 2004 Heath Information and Portability and Accountability Act (HIPPA):
A) requires consent for medical information to be accessed and shared.
B) prohibits discriminatory use of pre-employment medical tests.
C) prohibits employers from requesting genetic information as part of a post-offer medical exam.
D) All of these statements are true.
Answer: A
Q3) It is perfectly legal for employers to secretly and intrusively spy on their employees. A)True
B)False
Answer: True
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Page 5
Chapter 4: Valuing Diversity: Stereotyping v Inclusion
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15 Verified Questions
15 Flashcards
Source URL: https://quizplus.com/quiz/3127
Sample Questions
Q1) In order to be covered by the ADA (Americans with Disabilities Act), a disability must be ongoing and permanent for the foreseeable future.
A)True
B)False
Q2) What must a plaintiff show to make a prima facie case of hostile environment sexual harassment?
Q3) Which of the following federal government agencies is charged with enforcing Title VII of the Civil Rights Act of 1964?
A) U.S. Department of Labor
B) Merit Systems Protection Board
C) Office of Personnel Management
D)Equal Employment Opportunity Commission
Q4) Title VII specifically addresses the issues of affirmative action, sexual harassment, and same-sex marriage.
A)True
B)False
Q5) What is the EEOC guideline on English-only workplace rules? What are two reasons given for the rules?
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Chapter 5: Workers Rights as Human Rights: Health and Safety
in the Global Workplace
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15 Verified Questions
15 Flashcards
Source URL: https://quizplus.com/quiz/3128
Sample Questions
Q1) Explain what the Workers Rights Consortium is and what it has done to combat sweatshops.
Q2) According to Henry Shue, what are the six factors required to make a cost a true harm?
Q3) According to Henry Shue, firms are not in the business of protecting the interests of their workers, except when this is a means to accomplish the organizational objectives.
A)True
B)False
Q4) OSHA has a wide range of tools available to address the risks that workers face.
A)True
B)False
Q5) The ADA direct threat provision permits an employer to impose a:
A) "requirement that an individual shall not pose a direct threat to the health or safety of other individuals in the workplace."
B) "requirement that an individual shall not pose a direct threat to the health or safety of themselves in the workplace."
C) Both a. and b.
D) Neither a. nor b.
Page 7
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Chapter 6: Environmental Law and Justice: Responsibility and Survival
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16 Verified Questions
16 Flashcards
Source URL: https://quizplus.com/quiz/3129
Sample Questions
Q1) Explain how the tradeable permit plan works.
Q2) Discuss the obligations of human beings to Mother Earth according to the universal declaration of rights of Mother Earth.
Q3) Under the ___________ plan, the EPA auctions a set number of sulfur dioxide emission allowances annually, with each allowance permitting one ton of emissions.
A) allocation of resources
B) tradeable permit
C) green capitalism
D) shareholder activism
Q4) The power of eminent domain requires the government to provide just compensation to a property owner when taking private property for public purposes. Discuss your thoughts on whether the following should be considered "public purposes."
a. The government taking private property to transfer to a private company for development of a strip mall.
b. The government taking private property to build a highway.
c. The government taking private property to expand an airport.
Q5) Explain the Crisis of Agrobiodiversity as explained by Carmen G. Gonzalez.
Page 8
Q6) What is environmental justice? What started the movement in the United States?
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Chapter 7: Marketing and Technology: Choice and Manipulation
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15 Verified Questions
15 Flashcards
Source URL: https://quizplus.com/quiz/3130
Sample Questions
Q1) In the case of R.J. Reynolds Tobacco Company, et al. v. FDA, what was the majority opinion regarding the First Amendment and the graphic warning requirements?
Q2) Direct-to-consumer advertising of prescription drugs began in the late 1980's to early 1990's. Based on the information in the Norplant case in the text, discuss the reasons why it should or should not be allowed.
Q3) Discuss how the fast food industry's response to the obesity epidemic in children has changed since the publication of the Surgeon General's report.
Q4) Obesity in children has continued to rise since 1976 and approximately ¾ of all teens and youth are overweight.
A)True
B)False
Q5) Discuss some of the ways the FTC has curbed online marketing efforts.
Q6) What forms can deceptive advertising claims take?
Q7) The debate over advertising fast food and other "junk foods" to kids is in effect settled, since federal and state laws have put limits on that advertising.
A)True
B)False
Page 9
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Chapter
Available Study Resources on Quizplus for this Chatper
15 Verified Questions
15 Flashcards
Source URL: https://quizplus.com/quiz/3131
Sample Questions
Q1) Discuss Sugarman's "Performance-based regulation." Is this a viable means to create safer products or is it unnecessary government interference?
Q2) The organization that works with companies on recalls of unsafe products (such as lead-paint laden Thomas the Train toys) is
A) The Consumer Protection Group (CPG)
B) The Consumer Product Safety Commission (CPSC)
C) The Product Protection People (P3)
D) The Buy American Coalition (BAC)
Q3) The Ford Pinto exploded when rear-ended by another vehicle. The Pinto suffered from a(an):
A) Design Defect
B) Manufacturing Defect
C) Warning Defect
D) End-user Defect
Q4) The most notable exception to caveat emptor was for
A) Food
B) Automobiles
C) Clothing
D) Shoes
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Chapter 9: Ownership, Creativity and Innovation: Intellectual Property
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16 Verified Questions
16 Flashcards
Source URL: https://quizplus.com/quiz/3132
Sample Questions
Q1) American copyright law creates a bundle of rights for the owner, including the right to reproduce, distribute, perform, display, or adapt the work.
A)True
B)False
Q2) Discuss the Fair Use Doctrine. What are the four statutory factors used to determine if a use is fair?
Q3) The difference between the Project Gutenberg (PG) and the Google book scanning project is:
A) The PG limits itself to the "classics"
B) The PG limits itself to only works in the public domain
C) Google only digitizes full documents but the PG digitizes key segments
D) The PG limits itself to "orphan" works - those with hard-to-find authors or owners.
Q4) Give a brief description of the increased protection in U.S. Copyright laws starting in 1994 and using approximate dates.
Q5) Discuss how intellectual property is different from other kinds of property.
Q6) What must a plaintiff prove to establish copyright infringement?
Q7) Why was the Digital Millennium Copyright Act passed?
Page 11
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