Commercial and residential are terms used to describe ________________________.

Goods

Real Estate

Services

Intangible Property

The following are different types of intangible personal property:

Entertainment contract, sounds systems, and lighting

Credit default swaps, mortgage backed securities, and foreclosures

Copyrights, contracts, and certificates of stock

Stocks, bonds, and shackles

The following would be examples of bailees:__________________.

A player, a UPS truck, and a tuxedo shop

Circus performers, bounty jumpers, and pet store owners

Shipping companies, banks, and pawn shops

A tour guide, a drug dealer, a bookie

When the owner of an automobile leaves their automobile at a repair shop a __________________ has occurred.

warranty

bailment

common law

caveat emptor

Hermione is going on vacation and leaves her pet cat with Luna. She leaves careful instructions on how her cat likes to be cared for, cat food, a cat bed, cat toys, and some cat treats with Luna.This is an example of a _______.

Unilateral benefit bailment

Mutual benefit bailment

Bifurcated benefit bailment

Multi-lateral benefit bailment

A negotiable instrument must _____________.

be in writing

be processed by a bank

have a negotiation seal attached to them

have no writing on the back

It is fraud to ______.

designate the payee

sign a negotiable instrument written for an account that is not yours and does not have your money in it.

fix the amount of currency to be paid

order a promise to pay

A negotiable instrument can be ___________________________________.

must be numbered according to the age of an account

played by a negotiator

a substitute for money

a telephone

It is required that negotiable instruments have _______.

have at least two account numbers listed

be on watermarked paper

A fixed, specific amount

be written to "Cash

Forgery is almost always a ______.

Group of answer choices

provable crime

a misdemeanor

a mitigating circumstance

a felony

A negotiable instrument must ______________________.

designate a payee, even if it is to oneself or "cash

be written in one of the six approved fonts by the Federal Reserve

have a changeable date

pass through at least four institutions to be fully negotiated

Liability can also mean ___________________________.

ethos

logos and trademarks

legally responsible

torturous conditions

The most severe type of liability is _____.

Primary liability

Secondary liability

Tertiary liability

Premeditated liability

A customer shopping at a grocery store spills a container of blueberries in a high traffic area. The customer kicks the container and some of the blueberries to the side of the path and leaves.A few other customers walk right through the blueberries and squish them all over the floor.Who has primary liability in this situation if someone were to slip on the blueberry mess?

The customer who first spilled the blueberries, because they negligently did not inform the store of the spill.

The grocery store

The second customer who arrived at the scene of the accident and did nothing

The third customer who witnessed it was now a mess and told no one

Which level of crime carries the most severe criminal penalties?

Felony

Misdemeanor

Infraction

Tort

Which of the following is not a sworn officer of the court?

Judge

Plaintiff

Bailiff

Clerk of Court

The elements of a _________________________ are the tortfeasor had a duty of care, there was a breach of that duty, the breach caused an injury, and there is an actual injury.

Negligent Tort

Punitive damage calculation

Manufacturer's liability

Invasion of privacy case

An agreement is different than a contract, because _____________________________.

It is the offer and acceptance part of a binding contract. An agreement should be taken seriously in business, but is not as enforceable as a contract.

It is more enforceable in court, because neither party was under duress when they signed it.

It can be oral, written, or implied unilaterally and the court will consider it eligible for consideration.

It is arranged by those with power of attorney for both capable parties.

A cow, a service, and a promise to leave town could all be considered to be ________.

Legal entities

Consideration

Corporations

Bargains