QUESTION 1

Tina Turner filesfor Chapter 7 Bankruptcy in the appropriate federal court. The court will likely deny a discharge of Tina's debts if she

	a.	conceals records of her financial condition to defraud a creditor .
	b.	filed for bankruptcy 12 years ago .
	c.	none of the answers.
	d.	does not have sufficient assets to pay all of her secured creditors.

2 points

QUESTION 2

Luca Brasi and Don Corleonecontract to build theMuseum of the CosaNostra.Before either Luca or Don start to build or perform on thecontract, they agree to cancel their deal. This is an example of

	a.	novation.
	b.	mutual rescission.
	c.	accord and satisfaction.
	d.	specific performance.

2 points

QUESTION 3

Citibank Incorporated wishes to hire Lloyd Blankfein. Blankfeinpossesses special qualifications however, he is not a U.S. citizen. To hire Lloyd Blankfein, JPMCmust petition

	a.	the Social Security Administration.
	b.	U.S. Immigration and Customs Enforcement.
	c.	the National Labor Relations Board.
	d.	the U.S. Department of Labor.

2 points

QUESTION 4

The Gap agrees to assume the debt of Old Navy to JP Morgan Chase. This assumption of debt has not been recorded in writing. To be enforceable, the promise must be for the benefit of

	a.	any party.
	b.	Old Navy.
	c.	The Gap.
	d.	JP Morgan Chase.

2 points

QUESTION 5

MegynKelly is employed by CBS Studios. She takes temporary family leave to be with and treat her sick child. Upon Megyn's return, CBS Studios must

	a.	promote Megyn to the status of a key employee.
	b.	reimburse Megyn for her expenses while on leave.
	c.	do nothing.
	d.	restore Megyn to her same position or a comparable position.

2 points

QUESTION 6

In a chapter 7bankruptcy, after all of a debtorsassets are liquidatedand the proceeds distributed among creditors,the debtors remaining debt obligations

	a.	paid by the court.
	b.	are discharged .
	c.	must be paid by the debtor .
	d.	are put on hold until the debtor has sufficient means to pay them.

2 points

QUESTION 7

Amy Schumer contacts Geicoinsurance company and purchases insurance coverage for one of her many vintagemotor vehicles. Mrs. Shumer can assign her policy to Adam Sandler, a third party

	a.	under no circumstances .
	b.	under any circumstances .
	c.	as long as she does so in writing.
	d.	if a court approves the assignment.

2 points

QUESTION 8

OprahWinfrey and StedmanGrahamcontract for thesale of goods. In order to be a valid and enforceable contract, the contract should be in writing if the goods are valued at more than

	a.	$50.
	b.	$5.
	c.	$500.
	d.	$15.

2 points

QUESTION 9

The Fair Labor StandardsAct covers all of the following except

	a.	Child Labor
	b.	Retirement Benefits
	c.	Overtime Pay
	d.	Minimum Wage

2 points

QUESTION 10

Kim Kardashian agrees to sell her Contract Law textbook to Pete Davidsonfor $150.00. Kim then transfers her right to be paid for the textbook to KanyeWest. This transfer is

	a.	a third-party beneficiary contract.
	b.	prohibited.
	c.	a delegation .
	d.	an assignment.

2 points

QUESTION 11

Dodge and Fiat sign a contract. Toyota car company is an incidental beneficiary of the contract between Dodge and Fiat. As an incidental beneficiary,Toyota does not have any rights relating to the contractbetween Dodge and Fiat due to the principle of

	a.	delegation.
	b.	assignment.
	c.	privity.
	d.	vesting.