Business Law Comprehensive Exam with correct
answers 2026/2027
Application of due process clause v. equal protection clause - correct answersDue Process
Clause - government can't take life, liberty without due process of law.
Equal Protection - state can't discriminate without due process of law.
Application of summary judgment and relevancy to ethical obligation - correct answersWhen
one party believes that there are no important facts in dispute, he will file a motion for
summary judgment.
Basis for minor's liability? - correct answersThe subject matter is a necessity
Battery v. assault - correct answersbattery: touching another person without consent
assault: the expectation of immediate harmful or offensive contact. Its an attempt at battery.
Civil v. criminal law - correct answersCivil Law:
-Law that applies to protect the individual
, -Individual burden of proving case
Criminal Law:
-Law that applies to protect society
-DA responsible for proving case
Commercial Impossibility - correct answersExcuse for nonperformance on a commercial
contract. the parties go their separate ways. Impossible for anybody (in that area) to perform
(ex. COVID stopping a wedding).
Commercial Impracticability - correct answersContracting party can't perform, like about to go
bankrupt, or power out or something. Contracting party would be responsible. If substitute
performance is possible, then the responsible party needs to pay for the substitute
performance.
Contracts covered by the common law v. sales law - correct answersCommon Law: terms are
fairly firm and permanent
- price is the most essential term.
Sales Contract: terms are negotiated and adjusted throughout the life of the contract.
- quantity is the most essential term.
Criteria for defamation of character: libel vs. slander - correct answersLibel --> written
Slander --> spoken
Criteria for undue influence - correct answers- Exists if there's a trust relationship. Often,
parents and kids. Or, if you're in a partnership with someone else. Each party represents the
entire partnership.
answers 2026/2027
Application of due process clause v. equal protection clause - correct answersDue Process
Clause - government can't take life, liberty without due process of law.
Equal Protection - state can't discriminate without due process of law.
Application of summary judgment and relevancy to ethical obligation - correct answersWhen
one party believes that there are no important facts in dispute, he will file a motion for
summary judgment.
Basis for minor's liability? - correct answersThe subject matter is a necessity
Battery v. assault - correct answersbattery: touching another person without consent
assault: the expectation of immediate harmful or offensive contact. Its an attempt at battery.
Civil v. criminal law - correct answersCivil Law:
-Law that applies to protect the individual
, -Individual burden of proving case
Criminal Law:
-Law that applies to protect society
-DA responsible for proving case
Commercial Impossibility - correct answersExcuse for nonperformance on a commercial
contract. the parties go their separate ways. Impossible for anybody (in that area) to perform
(ex. COVID stopping a wedding).
Commercial Impracticability - correct answersContracting party can't perform, like about to go
bankrupt, or power out or something. Contracting party would be responsible. If substitute
performance is possible, then the responsible party needs to pay for the substitute
performance.
Contracts covered by the common law v. sales law - correct answersCommon Law: terms are
fairly firm and permanent
- price is the most essential term.
Sales Contract: terms are negotiated and adjusted throughout the life of the contract.
- quantity is the most essential term.
Criteria for defamation of character: libel vs. slander - correct answersLibel --> written
Slander --> spoken
Criteria for undue influence - correct answers- Exists if there's a trust relationship. Often,
parents and kids. Or, if you're in a partnership with someone else. Each party represents the
entire partnership.
