BUS 540 Business Law for Managers

Question 1 A check purchased from a bank by paying the bank the amount of the check plus a fee for issuing the check Not yet on the bank's own accounts is referred to as: answered Marked out of Select one: 1.00 O a. a cashier's check Flag question O b. a certified check O c. a personal check O d. a reasonable draft Question 2 A valid contract requires all of the following except: Answer saved Marked out of Select one: 1.00 O a. Offer Flag question O b. Acceptance O c. Consideration O d. A writingQuestion 3 Benjamin Franklin's quote that "Creditors have better memories than debtors" means: Not yet answered Select one: Marked out of 1.00 O a. Creditors are usually smarter people than debtors. Flag O b. Creditors have more money than debtors. question O c. Creditors are much more likely to remember loaning someone money than the person who borrowed the money is likely to remember the loan. O d. You should never loan anyone money. Question 4 Betty worked for Primocopier Company of Orange County. She was in charge of buying all of the supplies for Not yet the company. On February 28, she was fired by Primocopier Company. The company however, forgot to answered inform its vendors that Betty no longer worked for the company and that John was now in charge of ordering Marked out of supplies. Thinking that she was helping the company, on March 10, Betty put in a large order for new 1.00 supplies, many of which the company did not need. The company refused to accept supplies claiming that Flag Betty had no authority to bind the company. If the vendor sues the company and wins, which of the following question legal theories would probably have been a basis for their success in the lawsuit? Select one: O a. Express agency of Betty O b. Implied agency of Betty O c. Agency of Betty by ratification O d. Apparent agency of BettyQuestion 5 Bob is a pizza delivery employee for HHH Pizza. One day he makes a delivery to John. After making the Not yet delivery, Bob decides to take a break and visit his girlfriend. On his way from John's home to his girlfriend's answered home, Bob has an accident. Is HHH Pizza responsible for this accident? Marked out of 1.00 Select one: Flag question a. Yes, because Bob is their employee. b. No, because Bob was on "frolic and detour." O c. Yes, because Bob had not commuted home. O d. No, because HHH Pizza is a restaurant not a delivery company. Question 6 Bob needs a new lock for his front door. He is not very familiar with locks so he hires a locksmith to Not yet determine what lock was needed, to get the lock, and then install the lock. The locksmith examines the door answered decides on a lock, gets the lock, but although the lock functions as a lock, it does not fit Bob's front door. If Marked out of Bob sues the locksmith what result? 1.00 Flag Select one: question O a. Bob wins because of the implied warranty of merchantability. O b. Bob loses because the door belongs to Bob not the locksmith. O c. Bob wins because of the implied warranty of fitness for a particular purpose. O d. Bob loses because the locksmith is an expert in finding and installing locks.Question 7 Bob works at a jewelry store as one of the sales clerks. Every once in a while, but never more than once a Not yet month, he steals a piece of jewelry from the store. He sells this jewelry to another small store on the other answered side of town for a fair price. The other store is not aware that Bob is stealing the jewelry. Bob's store Marked out of discovers the thefts and sues the second store for recovery of the jewels. Which of the following would be 1.00 the most likely result? Flag question Select one: O a. Bob's jewelry store will prevail because Bob, as a thief cannot acquire or transfer title to the jewelry. O b. The other store will prevail because Bob got the jewelry through fraud not theft. O c. Bob's jewelry store will prevail because the other store knew the jewelry was stolen. O d. The other store will prevail because it was smaller than Bob's store. Question 8 Certain products are inherently dangerous and cannot be made any safer and still accomplish the purpose Not yet for which they were designed. Under these circumstances, the manufacturer has what duty to the ultimate answered consumer? Marked out of 1.00 Select one: Flag question O a. Duty to make safe O b. Duty to redesign O c. Duty to destroy the product O d. Duty to warnQuestion 9 F.O.B. is an abbreviation of what? Not yet answered Select one: Marked out of 1.00 O a. Federal Office of Bulletins Flag O b. Free on Board question O c. Fraud on the Buyer O d. Failure to Obey Basics Question 10 Federal environmental laws are primarily enforced by which federal agency? Not yet answered Select one: Marked out of 1.00 O a. The EPA Flag O b. The FDIC question O c. The Congress O d. The Supreme Court