Employment Law
Question Bank
Course Introduction
Employment Law is an essential course that explores the legal framework governing the relationship between employers and employees. It covers key topics such as employment contracts, workplace rights and obligations, discrimination, health and safety, wrongful termination, and collective bargaining. Students learn about federal and state employment statutes, regulatory agencies, and landmark court decisions that shape the modern workplace. The course equips learners with practical knowledge to identify, analyze, and resolve common legal issues in employment, preparing them for human resource roles, legal professions, or business management.
Recommended Textbook
Business Law Today Text and Summarized Cases E Standard 9th Edition by Roger LeRoy Miller
Available Study Resources on Quizplus
37 Chapters
2663 Verified Questions
2663 Flashcards
Source URL: https://quizplus.com/study-set/3781
Page 2
Chapter 1: The Legal Environment
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75451
Sample Questions
Q1) The legislature of the state of Missouri enacts a new statute that sets standards for the liability of businesses selling defective products.This statute applies
A) only in Missouri.
B) only in Missouri and its border states.
C) in all states.
D) in all states but only to matters not covered by other states' laws.
Answer: A
Q2) Refer to Fact Pattern 1-1.These opinions are collected and published in volumes called
A) citations.
B) codes.
C) regulations.
D) reporters.
Answer: D
Q3) A state constitution is supreme within the state's borders so long as it does not conflict with the U.S.Constitution or a federal law.
A)True
B)False
Answer: True
To view all questions and flashcards with answers, click on the resource link above.
Page 3
Chapter 2: Constitutional Law
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75452
Sample Questions
Q1) Wisconsin,like other states,may regulate private activities to protect or promote the public order,health,safety,and general welfare under its
A) police powers.
B) taxing powers.
C) spending powers.
D) supreme powers.
Answer: A
Q2) Whether the federal government preempted a certain area is always clear.
A)True
B)False
Answer: False
Q3) Expression of all kinds is subject to reasonable restrictions.
A)True
B)False
Answer: True
Q4) Under the Constitution,the judicial branch interprets the laws.
A)True
B)False
Answer: True
To view all questions and flashcards with answers, click on the resource link above. Page 4
Chapter 3: Courts and Alternative Dispute Resolution
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75453
Sample Questions
Q1) Lynn files a suit against Karl.Karl denies Lynn's charges and sets forth his own claim that Lynn breached their contract and owes Karl money for the breach.This is
A) a counterclaim.
B) a crosclaim.
C) an affirmative defense.
D) an irrelevant response.
Answer: A
Q2) Olsen Grocery Company files a suit against Pickle Products,Inc.Pickle responds that even if Olsen's statement of the facts is true,according to the law Pickle is not liable.This is
A) a counterclaim.
B) a motion for judgment on the pleadings.
C) a motion for summary judgment.
D) a motion to dismiss.
Answer: D
Q3) An answer can admit to the allegations made in a complaint. A)True
B)False
Answer: True
To view all questions and flashcards with answers, click on the resource link above.
Page 5
Chapter 4: Torts and Cyber Torts
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75454
Sample Questions
Q1) An individual's right to privacy includes the exclusive use of his or her identity.
A)True
B)False
Q2) Disparagement of property is another term for slander of quality.
A)True
B)False
Q3) Toni files a suit against Universal Media Corporation for defamation.Actual malice must be shown for recovery of damages if Toni is
A) a corporate officer.
B) a non-employee.
C) a private individual.
D) a public figure.
Q4) Self-defense is a defense to negligence.
A)True
B)False
Q5) A party cannot recover damages for severe emotional distress absent a showing of physical injury.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 6
Chapter 5: Intellectual Property and Internet Law
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75455
Sample Questions
Q1) Standard Corporation can not claim a trademark in the phrase "Quality Is Standard" if the phrase
A) has a secondary meaning.
B) is descriptive.
C) is generic.
D) means nothing.
Q2) Bubbly Cola features Sparkly Cola's trademark without its owner's permission.Bubbly's use of the mark is actionable provided A) consumers are confused.
B) Bubbly's use is intentional.
C) Bubbly's use reduces the value of Sparkly's mark.
D) Sparkly's mark is registered.
Q3) Mary Kate Corporation allows Ashley Company to use Mary Kate's trademark as part of Ashley's domain name.This is
A) a license.
B) a likelihood of consumer confusion.
C) cybersquatting.
D) trademark dilution.
To view all questions and flashcards with answers, click on the resource link above.
Chapter 6: Criminal Law
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75456
Sample Questions
Q1) Ludwig receives from Milo a marimba stolen from Nadine.To be criminally liable,Ludwig must know
A) Milo.
B) Nadine.
C) that the marimba is stolen.
D) what a marimba is.
Q2) The police arrest Lou,who confesses to a crime.Later,Lou refutes the confession and demands a trial,at which witnesses testify they saw him commit the crime.Lou is convicted and sentenced.The U.S.Constitution provides safeguards against all of the following except
A) deprivations of life or liberty without due process of law.
B) not being allowed to question witnesses.
C) punishment.
D) self-incrimination.
Q3) Kino sees a DVD player on the porch of Lulu's house,takes the player to his home,and tells everyone he owns it.Maya,holding a knife,forces Nick to give her his boom box,and runs away with it.Ollie breaks into Pam's apartment,takes a computer,and leaves.Which of these acts are crimes,and what are the differences among them?
To view all questions and flashcards with answers, click on the resource link above. Page 8
Chapter 7: Cyber Crime
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75457
Sample Questions
Q1) Unlike stalking in the "real" world,cyberstalking requires an "incredible threat."
A)True
B)False
Q2) Any crime committed with a computer is a computer crime.
A)True
B)False
Q3) Elisa steals Filbert's personal information from Filbert's computer.This is computer crime in which the computer is
A) the object of the crime.
B) the subject of the crime.
C) the instrument of the crime.
D) irrelevant to the crime.
Q4) Iggy uses his computer to break into Hye Technology Company's computer.Iggy is
A) a hacker.
B) a bot.
C) a botnet.
D) a worm.
To view all questions and flashcards with answers, click on the resource link above. Page 9
Chapter 8: Ethics and Business Decision Making
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75458
Sample Questions
Q1) Under the principle of rights theory,one person's set of values is as "right" as another's.
A)True
B)False
Q2) Bribery of foreign government officials is both an ethical and a legal issue.
A)True
B)False
Q3) Ethical codes of conduct can set the ethical tone of a firm.
A)True
B)False
Q4) A common ethical dilemma faced by the management of General Holdings Corporation involves the effect that its decision will have on A) one group as opposed to another.
B) the firm's competitors.
C) the government.
D) the U.S. Chamber of Commerce.
Q5) Corporate ethical policies must be clearly communicated to be effective.
A)True B)False
To view all questions and flashcards with answers, click on the resource link above. Page 10
Chapter 9: Nature and Classification
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75459
Sample Questions
Q1) Ed,a businessperson,is a friend of Fran,the owner of a candy store.Every day,Ed spends five minutes in Fran's candy store,looking at the candy and usually buying one or two candy bars.One afternoon,Ed goes into the store,looks at the candy,and picks up a $1 candy bar.Ed waves the candy at Fran without saying a word and walks out.Is there a contract? If so,how would it be classified in terms of formation,performance,and enforceability?
Q2) Dot,a real estate agent,tells Elbert,a home seller,that her commission is 12 percent.Elbert agrees that Dot can sell his house but refuses to sign a contract unless the amount of the commission is reduced.After the house is sold,Elbert refuses to pay 12 percent.Dot is most likely to recover
A) nothing.
B) on a theory of an express contract.
C) on a theory of an implied-in-fact contract.
D) on a theory of quasi contract.
Q3) An offeror is a person who makes an offer.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 11
Chapter 10: Agreement in Traditional and E-Contracts
Available Study Resources on Quizplus for this Chatper
71 Verified Questions
71 Flashcards
Source URL: https://quizplus.com/quiz/75460
Sample Questions
Q1) An e-contract must meet the same basic requirements as a paper contract.
A)True
B)False
Q2) A partnering agreement reduces the likelihood that a dispute will arise under a contract.
A)True
B)False
Q3) Jaime and Kip,consumers,transact a deal over the Internet.Their contract does not mention the UETA.The UETA covers A) none of the contract.
B) only the part of the contract that involves computer data.
C) only the part of the contract that does not involve computer data.
D) the entire contract.
Q4) An acceptance that materially changes a term in the offer will still be considered an acceptance.
A)True
B)False
Q5) The UETA applies to an e-transaction unless the parties "opt out."
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 12
Chapter 11: Consideration, capacity, and Legality
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75461
Sample Questions
Q1) A severable contract is unenforceable as a violation of public policy.
A)True
B)False
Q2) A minor may disaffirm a contract only if the subject matter is illegal.
A)True
B)False
Q3) An exculpatory clause in an employment contract is not enforceable if the clause is against public policy.
A)True
B)False
Q4) The doctrine of promissory estoppel requires a clear and definite promise.
A)True
B)False
Q5) To be legally sufficient,consideration must include something of economic value.
A)True
B)False
Q6) A release does not require consideration to be legally binding.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 13
Chapter 12: Defenses to Contract Enforceability
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75462
Sample Questions
Q1) An integrated contract is the final embodiment of the terms of an agreement.
A)True
B)False
Q2) Multi Investments,Inc.,offers to buy Nano Toy Corporation.On May 1,Nano provides copies of its financial statements for the previous year,showing an inventory of $10 million.On May 15,Nano discovers that the previous year's inventory is overstated by $5 million,but does not inform Multi.On June 1,Multi,relying on the financial statements,buys Nano.On June 10,the buyer discovers the inventory overstatement.Can Multi succeed in a suit against Nano for fraud?
Q3) Misrepresentation of a material fact can occur through words alone.
A)True
B)False
Q4) Elle buys a new textbook for $100 and a used car for $5,000,and signs a one-year lease for an apartment for $1,000 monthly rent to start at the beginning of the next month.The Statute of Frauds covers
A) the apartment lease, and the textbook and car purchases.
B) the apartment lease and the car purchase only.
C) the apartment lease only.
D) the textbook and car purchases only.
To view all questions and flashcards with answers, click on the resource link above. Page 14
Chapter 13: Third Party Rights and Discharge
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75463
Sample Questions
Q1) A contract will be discharged if foreseeable circumstances make it impossible to attain the contract's purpose.
A)True
B)False
Q2) Xavier enters into a contract to operate a Yummy Yogurt franchise,which Yummy agrees to support as long as Xavier maintains his business license.Yummy's duty to perform is
A) absolute.
B) conditional.
C) licentious.
D) operational.
Q3) Performance of an accord discharges an original contractual obligation.
A)True
B)False
Q4) Refer to Fact Pattern 13-1.With respect to Mutual's duties,Neil's performance most likely
A) discharges Mutual from the contract.
B) has no effect on Mutual's performance.
C) increases Mutual's duties under the contract.
D) suspends Mutual's duty to perform.
Page 15
To view all questions and flashcards with answers, click on the resource link above.
Chapter 14: Breach and Remedies
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75464
Sample Questions
Q1) Ira orally agrees to buy a unique collection of sports memorabilia for $1,000 from Jane and sends her $250 as a down payment.When Ira sends her the rest of the price,Jane refuses to ship Ira the collection.Ira should seek A) damages.
B) reformation.
C) rescission.
D) specific performance.
Q2) Damages are awarded for whatever injury a nonbreaching party suffers,whether or not the breaching party could have foreseen the injury.
A)True
B)False
Q3) Reformation allows a court to rewrite a contract to reflect the parties' true intentions.
A)True
B)False
Q4) Quasi contracts allow the courts to act as if a contract exists when there is no contract.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 16
Chapter 15: The Formation of Sales and Lease Contracts
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75465
Sample Questions
Q1) A lessee is a party who transfers a right to the possession and use of goods under a lease.
A)True
B)False
Q2) Over the course of a year,Real Deal Corporation sells appliances to customers to whom it extends credit.Real Deal orders the appliances from Superior Appliance Company's warehouse,from which the items are shipped via common carrier to Real Deal's customers.Article 2 of the UCC governs
A) all of the parties' sales of the goods.
B) Real Deal's extension of credit.
C) Superior's storage of the goods.
D) the common carrier's delivery of the goods.
Q3) Office Equipment Leasing,Inc.(OEL),agrees to lease five computer workstations to Product Promotion Corporation (PPC).Before any interest in the workstations can pass from OEL to PPC,they must be
A) in existence and identified as the goods in the contract.
B) in existence only.
C) identified as the specific goods designated in the contract only.
D) none of the choices.
To view all questions and flashcards with answers, click on the resource link above.
Page 17
Chapter 16: Performance Breach of Sales Lease Contracts
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75466
Sample Questions
Q1) The doctrine of commercial impracticability only extends to problems that could have been foreseen.
A)True
B)False
Q2) Pep Paints agrees to sell to Quality Painters Grade A-1 latex outdoor paint to be delivered May 8.On May 7,Pep tenders Grade B-2 paint.Quality rejects the Grade B-2 paint.Two days later,Pep tenders Grade C-3 paint with an offer of a price allowance.Pep has
A) additional, unlimited time to cure.
B) a reasonable, additional time to cure.
C) one more day to cure.
D) no more time to cure.
Q3) Regal Manufacturing Company contracts to sell sweaters to Superb Styles
Store.Before the sweaters are delivered,Superb indicates that it will not be able to pay.Regal can resell the goods
A) either after finishing the job (and identifying the goods), or after stopping the job.
B) only after finishing the job and identifying the goods.
C) only if Regal immediately stops the job.
D) under no circumstances.
To view all questions and flashcards with answers, click on the resource link above.
Page 18
Chapter 17: Warranties and Product Liability
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75467
Sample Questions
Q1) Privity of contract between the plaintiff and the defendant is required to bring a product liability suit based on negligence.
A)True
B)False
Q2) An expression of opinion by a seller will not usually create a warranty.
A)True
B)False
Q3) A seller must provide a written warranty for consumer goods.
A)True
B)False
Q4) In sales law,a warranty is an assurance by one party of the existence of a fact on which the other party can rely.
A)True
B)False
Q5) Any product may be made entirely safe for all consumption.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
Page 19
Chapter 18: Negotiable Instrument: Transferability Liability
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75468
Sample Questions
Q1) Kris transfers a note,on which Liu is the maker,to Mia,who takes it for value and in good faith.Mia knows that Kris breached the contract underlying the note,giving Liu a defense against payment.With respect to this note,Mia is
A) a knowledgeable holder in due course.
B) an ordinary holder.
C) an ordinary holder in due course.
D) an ordinary note taker.
Q2) Presentment warranties protect the person who presents an instrument for payment.
A)True
B)False
Q3) State Bank receives a check drawn by Tricia.The check is received after the established "cutoff" hour.Payment can be postponed without dishonor
A) indefinitely.
B) under no circumstances.
C) unless Tricia personally demands acceptance.
D) until the close of the next business day.
To view all questions and flashcards with answers, click on the resource link above.
Chapter 19: Checks and Banking in the Digital Age
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75469
Sample Questions
Q1) A bank cannot recover from a holder who cashes a check bearing a forged indorsement once the bank has accepted and paid the item.
A)True
B)False
Q2) A financial institution must encode a returned check with certain information.
A)True
B)False
Q3) A customer must examine a bank statement and report any discovered forged signature to recover from the bank for the forgery.
A)True
B)False
Q4) First Community Bank agrees to accept a check by setting aside sufficient funds to cover the amount.This check is considered A) cashed.
B) certified.
C) deposited.
D) provisionally credited.
To view all questions and flashcards with answers, click on the resource link above.
21
Chapter 20: Security Interests in Personal Property
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75470
Sample Questions
Q1) A security agreement must be filed in person to be valid and enforceable.
A)True
B)False
Q2) Quotient Financial Corporation is a secured party with a security interest in property owned by Retail Sales Company.Perfection of this security interest may not protect Quotient Financial against the claim of A) a bank.
B) a buyer in the ordinary course of business.
C) a subsequent lien creditor.
D) a trustee in bankruptcy.
Q3) The payment of Brian's debt to Chuck is guaranteed by Brian's personal property.This is
A) a reorganization.
B) a secured transaction.
C) a suretyship agreement.
D) a violation of most state laws.
Q4) For a creditor to have an enforceable security interest,the debtor must have title to the collateral.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 22
Chapter 21: Creditors Rights and Bankruptcy
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75471
Sample Questions
Q1) In general,the claims of all of the creditors of an estate must be satisfied before any remaining amounts can be given to the debtor.
A)True
B)False
Q2) Ross and Sally agree to guarantee Tim's debt.Ross's maximum liability is $30,000,and Sally's is $20,000.Tim owes $20,000 and is in default.Ross pays the creditor the entire amount.In the absence of an agreement to the contrary,Ross can recover from Sally
A) $8,000.
B) $10,000.
C) $20,000.
D) nothing.
Q3) A corporate debtor must be "out of business" before it can file a bankruptcy petition for reorganization under Chapter 11.
A)True B)False
Q4) A debtor's car may be exempt from satisfaction of a judgment debt.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 23
Chapter 22: International Law in a Global Economy
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75472
Sample Questions
Q1) The management of Sport Shoes Corporation,a U.S.firm,wants to expand into foreign investment and employment markets.They are considering either opening their own production facility in a foreign country or entering into a licensing agreement with a foreign firm.What are the advantages and disadvantages of each of these courses of action?
Q2) An international custom is a general practice accepted in the international arena as law.
A)True
B)False
Q3) A clause in a contract between Timber Corporation,a U.S.business,and Wang,Ltd.,a Japanese business,specifies that disputes over the contract will be adjudicated in the United States.This is
A) a choice-of-forum clause.
B) a choice-of-law clause.
C) a force majeure clause.
D) an arbitration clause.
Q4) Quotas are limits on the amounts of goods that can be imported.
A)True B)False
To view all questions and flashcards with answers, click on the resource link above. Page 24
Chapter 23: Agency Relationships in Business
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75473
Sample Questions
Q1) An agent is authorized to act on behalf of a principal in doing business with third parties.
A)True
B)False
Q2) A power of attorney is a written document.
A)True
B)False
Q3) An agent can take advantage of an agency relationship to make a "secret" profit.
A)True
B)False
Q4) Jock hires Kym to act as his agent to purchase Lifetime Gym & Fitness,Inc.Jock tells Kym to reveal that she is buying the firm on behalf of a third party and to tell Lifetime's seller who that third party is.Jock is
A) a disclosed principal.
B) an apparent principal.
C) an undisclosed principal.
D) a partially disclosed principal.
Q5) An agency relationship may be created for any legal purpose.
A)True
B)False
25
To view all questions and flashcards with answers, click on the resource link above.
Chapter 24: Employment,immigration,and Labor Law
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75474
Sample Questions
Q1) Link and Meryl are employees of Natural Resources,Inc.(NRI).When Odel,the president of NRI,learns that Link and Meryl are active in union activities,he discharges them.Link and Meryl may bring an action against NRI under A) federal labor law.
B) federal or state unemployment law.
C) state workers' compensation law.
D) the employment at-will doctrine.
Q2) Healthy Harvest Company runs a candy and fruit processing and packaging plant.Most of Healthy Harvest's business is done during holiday seasons,especially between Halloween and New Year's Day,and in the spring.The company hires a large temporary workforce during its busiest times.Occasionally,a position opens for an individual with highly specialized skills,particularly to operate and maintain the company's inventory and sales control systems.Can Healthy Harvest hire noncitizens for its temporary,seasonal work? Can the company hire a noncitizen with special skills for certain jobs? If so,what procedures must the employer follow in both situations to do this hiring? If not,how can Healthy Harvest be assured that it is hiring only citizens?
To view all questions and flashcards with answers, click on the resource link above.
Chapter 25: Employment Discrimination
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75475
Sample Questions
Q1) An employer can be liable for an employee's sexual harassment of a member of the same gender.
A)True
B)False
Q2) The Civil Rights Act of 1964 prohibits job discrimination on the basis of experience.
A)True
B)False
Q3) Mona files an employment discrimination suit against Nationwide Corporation (NC)under Title VII.If Mona shows that NC acted with malice or reckless indifference,she may recover
A) compensatory damages only.
B) compensatory or punitive damages.
C) neither compensatory nor punitive damages.
D) punitive damages only.
Q4) Lack of discriminatory intent is a complete defense to a charge of unlawful employment discrimination.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
Page 27
Chapter 26: Sole Proprietorships and Private Franchises
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75476
Sample Questions
Q1) One of the disadvantages of a sole proprietorship is that the owner is liable for the losses of the business.
A)True
B)False
Q2) Pricey Auto Corporation gives notice to Quint that Pricey is terminating their franchise arrangement.Winding up the business requires
A) a new franchise agreement.
B) nothing more than closing immediately.
C) Quint's death, disability, or insolvency.
D) returning Pricey's property.
Q3) If a party to a franchise contract fails to perform,he or she may be subject to a suit for breach of contract.
A)True B)False
Q4) Under no circumstances may a franchisor establish an additional franchise in a territory allotted to a franchisee.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
Chapter 27: All Forms of Partnerships
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75477
Sample Questions
Q1) Refer to Fact Pattern 27-1.Hal signs a contract with Lycra Chips,a retail component supplier,allegedly on Kappa's behalf.The contract is binding on
A) Hal, Ira, Jill, and Kappa.
B) Hal only.
C) Kappa only.
D) no one.
Q2) Jim and Kyle are partners in J&K Sales,which exports technical equipment under a three-year partnership agreement.The U.S.government declares that the equipment can no longer be exported.J&K
A) dissolves as soon as the stated term expires.
B) dissolves as soon as the partners agree to dissolve it.
C) dissolves immediately unless the partners change its business.
D) does not dissolve.
Q3) An association cannot be a partnership without an express agreement.
A)True
B)False
Q4) A limited liability partnership must be formed in compliance with state law.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 29
Chapter 28: Limited Liability Companies Special Business
Forms
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75478
Sample Questions
Q1) Most limited liability company (LLC)statutes provide that unless the members agree otherwise,all profits of the LLC will be divided equally.
A)True
B)False
Q2) The beneficiaries of a business trust are personally liable for its obligations.
A)True
B)False
Q3) The owners of an unincorporated cooperative have joint liability for its obligations.
A)True
B)False
Q4) Dreem Land Corporation and EZ Investments Company transfer their property to Financial Managers,Inc.,which manages the property and distributes the profits to Dreem and EZ.This form of a business organization is
A) a business trust.
B) a joint stock company.
C) a joint venture.
D) a syndicate.
To view all questions and flashcards with answers, click on the resource link above. Page 30
Chapter 29: Corporate Formation, merger, and Termination
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75479
Sample Questions
Q1) In a merger,only the surviving corporation's shareholders are entitled to appraisal rights.
A)True
B)False
Q2) Any person who buys common stock acquires voting rights in a corporation.
A)True
B)False
Q3) Mall Stores Corporation owns 95 percent of the shares of Niche Retail Corporation.Mall Stores combines with Niche Retail,but only Mall Stores continues to exist.This transaction was
A) a consolidation.
B) a share exchange.
C) a short-form merger.
D) a termination.
Q4) A corporate director is an "owner" of the corporation. A)True
B)False
Q5) A foreign corporation is a corporation formed in another country. A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
Chapter 30: Corporate Directors, officers, Shareholders
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75480
Sample Questions
Q1) Officers are required to exercise a reasonable amount of supervision over the corporate directors.
A)True
B)False
Q2) Lovey is a shareholder of Matchless Corporation with preemptive rights.With these rights,Lovey can
A) buy a prorated share of a new issue of stock before other buyers.
B) choose to have Matchless act exclusively in a certain area.
C) "preempt" managerial decisions that affect shareholders.
D) sell a prorated share of a new issue of stock before other sellers.
Q3) A majority shareholder does not owe a fiduciary duty to minority shareholders under any circumstances.
A)True
B)False
Q4) Corporate shareholders are the ultimate authority in every corporation.
A)True
B)False
Q5) An individual director does not act as an agent to bind the corporation.
A)True
B)False
32
To view all questions and flashcards with answers, click on the resource link above.
Chapter 31: Investor Protection, insider Trading, Corp Gov
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75481
Sample Questions
Q1) Violations of the Securities Exchange Act of 1934 may be subject to criminal prosecution.
A)True
B)False
Q2) A free-writing prospectus may be used before the Securities and Exchange Commission completes its review of a related registration statement.
A)True
B)False
Q3) When Looking Glass Corporation wishes to issue certain securities,it must provide sufficient information for Alice,and other unsophisticated investors,to evaluate the financial risk involved.Specifically,the law imposes liability for making a false statement or omission that is "material." What sort of information would Alice consider material?
Q4) Refer to Fact Pattern 31-2.Under SEC Rule l0b-5,Sid would not be liable if he had waited to buy Tech stock until
A) after Sid told Uri of the new game.
B) after Uri bought Tech stock.
C) after the public release of the game.
D) just before the game was released.
To view all questions and flashcards with answers, click on the resource link above.
Page 33
Chapter 32: Promoting Competition
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75482
Sample Questions
Q1) A price-fixing agreement that is reasonable does not violate antitrust law.
A)True
B)False
Q2) Size alone determines whether a firm is a monopoly.
A)True
B)False
Q3) Gulf Air,Inc.,is the major wholesale distributor of software in the state of Florida.Its closest competitor is Fluid Systems Company,another Florida firm.The two firms agree that Gulf Air will operate in south Florida and Fluid Systems will operate in north Florida.This is
A) a group boycott.
B) a market division.
C) a joint venture.
D) an exclusive-dealing contract.
Q4) Maximum resale price maintenance agreements are subject to analysis under the rule of reason.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 34
Chapter 33: Consumer and Environmental Law
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75483
Sample Questions
Q1) In the ordinary course of business,Xtra Charge Company sells goods to Yvon and other consumers on credit under installment sales contracts that typically require at least one year of monthly payments.Xtra does not disclose all of the credit terms to its customers.This practice is most likely to result in
A) a cease-and-desist order.
B) a fine.
C) no sanctions.
D) rescission of the contracts.
Q2) The Environmental Protection Agency (EPA)has the authority to regulate "any air pollutant." In issuing standards for the discharge of soot and other pollutants,the EPA
A) does not have to take economic costs into account.
B) must take into account the economic costs to businesses.
C) must take into account the economic costs to government.
D) must take into account the economic costs to the general public.
Q3) Once the government begins to clean up a waste disposal site,only the party who generated the waste must contribute to the cost.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
Chapter 34: Liability of Accountants Other Professionals
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75484
Sample Questions
Q1) Gert,an accountant,contracts to conduct an audit for Hailey.In performing the audit,Gert fails to detect certain misconduct.Gert is most likely
A) liable if a normal audit would have revealed the misconduct.
B) liable if Gert issues a specifically qualified opinion.
C) not liable if Gert generally disclaims any liability.
D) not liable if the misconduct was due to Hailey's negligence.
Q2) Grover Nut Company files a suit against Hud,its former accountant,alleging actual fraud.Grover must prove
A) intent to deceive.
B) misrepresentation of a non-material fact.
C) the lack of an injury.
D) unjustifiable reliance.
Q3) An accountant's liability under the Securities Act of 1933 requires privity of contract with the purchaser of a security.
A)True
B)False
Q4) A professional cannot be liable for fraud in the absence of fraudulent intent.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 36
Chapter 35: Personal Property and Bailments
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75485
Sample Questions
Q1) Idaho Farms mistakenly puts its potatoes in Jackson Co-op's storage bin,which already contains Kelly Spud Farm's potatoes.It is impossible to tell which potatoes originally belonged to which party.This is
A) a bailment.
B) accession.
C) confusion.
D) production.
Q2) Procter,who is not in contemplation of imminent death,tells his daughter Opal that she can have his Dodge truck on his death,whenever that happens.This is
A) a valid gift causa mortis.
B) a valid gift inter vivos.
C) a valid gift largesse.
D) not a valid gift.
Q3) If property is owned as community property,each spouse owns an undivided one-half interest in it.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 37
Chapter 36: Real Property and Landlord-Tenant Law
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75486
Sample Questions
Q1) To acquire the ownership of a mountain cabin by adverse possession,Cody must occupy the cabin exclusively,continuously,and peaceably for a specified period of time
A) in an, open, hostile, and adverse manner.
B) until the owner files a suit.
C) without the owner's knowledge.
D) with the state's permission.
Q2) Refer to Fact Pattern 36-1.Nika's ownership interest is A) a fee simple absolute.
B) a leasehold estate.
C) a life estate.
D) an easement.
Q3) A warranty deed provides the most protection against defects of title.
A)True B)False
Q4) Generally,contract doctrines apply to a landlord-tenant relationship. A)True B)False
To view all questions and flashcards with answers, click on the resource link above.
Chapter 37: Insurance, wills, and Trusts
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/75487
Sample Questions
Q1) Lani is asked to serve as a witness to Mona's will. To qualify,Lani must be
A) a collateral heir.
B) a lineal descendant.
C) eighteen years of age or older.
D) mentally competent.
Q2) Don executes a will leaving half of his farm to his spouse Elsie and the rest to his sons,Frank and Greg,in equal shares.The will disinherits a third son,Hal.Don and Elsie divorce,but Don dies before changing his will.Under the Uniform Probate Code
A) Elsie receives half of the farm, and Frank and Greg share the rest.
B) Elsie receives half of the farm, and Frank, Greg, and Hal share the rest.
C) Frank and Greg receive the entire estate in equal shares.
D) the state inherits the entire estate.
Q3) Dieter's will provides for a distribution of his assets on his death.Who will "distribute" Dieter's property,and what are the steps involved?
Q4) A testator is a decedent who dies without a will.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 39