The seller can recover the purchase price for the goods only under certain circumstances, including when:
Explain how state standards came into existence. Discuss the impact of the standards movement on classroom instruction.
August 7, 2017Create a Microsoft PowerPoint presentation, consisting of 10- to 12-slides, outlining the elements required to create a memo that informs staff in an accurate manner of an impending reduction in the workforce.
August 7, 2017The seller can recover the purchase price for the goods only under certain circumstances, including when:
Question 1
- The seller can recover the purchase price for the goods only under certain circumstances, including when:
| The buyer accepts, but fails to pay for the goods. | ||
| The goods are destroyed after risk of loss passes to the buyer. | ||
| The buyer rejects specially manufactured goods that cannot be resold. | ||
| A, B and C. |
0.5 points
Question 2
- Which of the following is a true statement?
| It is unlawful for an employer in the U.S. to hire illegal immigrants unless the employer is based in a border region with very high employment. | ||
| As a general rule, it is illegal in the U.S. for private sector employers to use polygraph tests on their employees. | ||
| The WARN Act in the U.S. prohibits a company from closing a major plant unless it gets the permission of the Department of Labor. | ||
| A closed shop which requires union membership as a condition of hiring is legal pursuant to federal labor laws in the United States. |
0.5 points
Question 3
- Which of the following best describes a shareholder’s preemptive rights?
| The right to purchase shares of another shareholder pursuant to a buy-and-sell agreement. | ||
| The right to purchase a pro-rata portion of any additional shares issued by the corporation. | ||
| The right of shareholders to override actions of the board of directors. | ||
| The right of shareholders to remove members of the board of directors without cause. |
0.5 points
Question 4
- Under the implied warranty of merchantability:
| A. | Both merchants and non-merchants generally are liable. | |
| B. | The warranty includes a requirement that the goods be adequately packaged and labeled. | |
| C. | The warranty applies even if a product is misused and instructions are disregarded. | |
| D. | The warranty is based on a reasonable consumer expectations test as to what a high quality of a good should be. |
0.5 points
Question 5
- Under the UCC a merchant is best described as a
| A salesman or saleswoman | ||
| A retailer | ||
| An inventor | ||
| A Venetian |
0.5 points
Question 6
- Common law consists of:
| Laws which all nations have in common. | ||
| Laws which affect everyone, including ordinary persons. | ||
| Rulings and opinions which have been issued by judges when deciding previous cases. | ||
| Laws which more people are aware of. |
0.5 points
Question 7
- Under the common law, a tort can best be defined as:
| A. | Any violation of an ethical or moral duty. | |
| B. | Another term for a crime or misdemeanor. | |
| C. | An action done in breach of an agreement that allows the aggrieved party to recover damages. | |
| D. | A civil wrong that allows an injured person to recover damages. |
0.5 points
Question 8
- A sues B in a state trial court for negligence. A loses the suit. If A wants to appeal, the most appropriate court in which to file the appeal is
| the state appellate court. | ||
| the nearest federal district court. | ||
| the nearest federal court of appeals. | ||
| the United States Supreme Court. |
0.5 points
Question 9
- Which of the following is a FALSE statement:
| A. | Comity is a international law principle which holds that countries should comply with international treaties and other sources of international law due to the mutual respect that countries should have for one another. | |
| B. | U.S. courts typically will review the laws, acts, and judicial decisions of foreign countries and interfere with foreign government legal and judicial proceedings which are taking place in foreign countries. | |
| C. | The Act of State doctrine holds that the judicial system in one country does not have the power or authority to challenge or overrule the acts of another country within that country. | |
| D. | The doctrine of Sovereign Immunity is based on the premise that the jurisdiction of a country within its own territory is exclusive and absolute. |
0.5 points
Question 10
- Which of the following factors is not required to qualify as a partnership?
| Equal investments of effort and capital. | ||
| An association of two or more persons sharing profits. | ||
| The carrying on of a business. | ||
| Co-ownership of the business. |
