MCQ

QUESTION 26

Today it is unlawful for a company to monitor its employees for the purpose of ensuring that they perform their employment duties.

True

False

QUESTION 27

The legal definition of goodwill is the positive association that attracts customers towards the owner's wares or services rather than those of its competitor.

True

False

QUESTION 28

Personal privacy includes the protection of one's home, business, and personal spaces.

True

False

QUESTION 29

The law of privacy balances

an individual's right to privacy against the individual's right to security.

the needs of society in a democratic state.

the needs of society and an individual's right to privacy.

the needs of society and court decisions relating to privacy.

the requirements of territorial privacy against those of personal privacy.

QUESTION 30

A and B agree that A will lease a truck owned by B. The truck is valued at $30 000 and the term, which cannot be cancelled, is three years, by which time A will have paid slightly more than $22 500.00 in lease payments. In this situation, the lease is best described as

a hire-purchase agreement.

a security lease.

a financing lease.

an operating lease.

a purchase or capital lease.