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Question 5 Mark this question Which of the following best defines property law? A system for excluding certain groups from property ownership A method of
Question 5
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Which of the following best defines property law?
- A system for excluding certain groups from property ownership
- A method of acquiring, retaining, and transferring property peacefully
- A means of dividing wealth in a society
- A process for assigning property value
Question 8
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Which of the following most clearly represents anillegaltermination of employment?
- A store clerk is fired after violating several provisions of the employee handbook. The clerk has no formal employment contract, but she is only given two weeks' notice.
- A janitor misses work for three days to serve on a jury and is fired by his employer for exceeding his vacation time.
- The owner of a small greeting card company suddenly files for bankruptcy and closes the business, letting go all of his employees.
- A test prep tutor is fired by the company that hired her because its revenue is falling. The employee has performed well since she was hired.
Question 10
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Which of the following is true of agency relationships?
- Legally binding agency relationships may be formed between a principal who is a minor and an agent, if the agent is a fully capable adult.
- Agency relationships require an exchange of consideration to be formed.
- Agency relationships are created between a principal and an employee, who represents the principal to an agent.
- Agency relationshipsare created between a principal and an agent, who represents the principal to a third party.
Question 11
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Which of the following is an important purpose of intellectual property rights?
- To give Congress the power to decide which discoveries are useful
- To encourage inventors to share their discoveries with the public
- To ensure quality and efficiency in the marketplace
- To make new products affordable for consumers
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