25 Which of the following statements is not correct? Common law is a term for law that is common throughout the world in all major legal systems. O Money damages is the normal remedy at law today in common law legal systems. Equitable remedies include injunctions and decrees of specific performance. O Generally, a state court can exercise jurisdiction over anyone within the boundaries of the state. Question 26 Which of the following is NOT one of the aspects of the implied warranty of merchantability? The goods are suitable for the ordinary purposes for which they are used. The goods are adequately contained, packaged, and labeled. The goods are priced justly and fairly. The goods within each unit or part are of an even quality. 1 pts 1 pts Question 27 The Statute of Frauds O Is the tort of deceit Is concerned with perjury and misrepresentation Is a common law doctrine OIs a federal standard 1 pts Question 36 Which of the following statements is true? An agreement usually consists of an offer and a counteroffer. 1 pts In most states in the U.S., the revocation of a contract is not legally effective until it is actually received by the parties. For an item to be classified as a good pursuant to the Uniform Commercial Code, it must be intangible. Pursuant to the UCC, an agreement modifying a contract needs no consideration to be binding. Question 37 Which of the following is a false statement? 1 pts The breach of duty element in the test for negligence liability in the U.S. is governed predominantly by the reasonable person standard. The doctrine of res ipsa loquitur can apply if an event causing the harm normally does not occur in the absence of negligence. A battery occurs only if the victim suffers actual serious physical harm, that is, the victim is "battered." O One may be able to recover damages for emotional distress in a tort lawsuit for negligence. Question 46 1 pts Which of the following is a true statement? O Appraisal rights are never available under state corporate law. A person who wants to offer a small issue of stock in his or her business to the residents of just one state, which is the only state where this person does business, most likely does not have to comply with the Security Act of 1933 but usually will have to comply with state security law. Oand S are partners in a computer business that is in the process of dissolution. Both wish to keep a certain desk lamp after the business is wound up. Because S paid for the lamp with partnership funds, she is entitled to keep the lamp but only if it was her idea to buy the lamp and she was the one who actually bought it. In general, a partner who devotes a significant amount of his time and energy to a partnership business will automatically be entitled to any compensation if the partnership agreement is silent. D Question 47 Which of the following is not true? The plaintiff s required level of proof to win a civil trial is greater than in a criminal trial. The victim of a crime may be able to bring a civil lawsuit against the alleged criminal. O After a criminal defendant has been found not guilty, the victim may still bring a civil suit for damages against the same defendant if the victim has not already done so. O Procedural protections for defendants are greater in criminal cases than in civil cases. 1 pts