Haymans BUS 250 Final Questions With Complete Solutions
"I'll sell you my car if I agree to sell it" is an example of:
Correct Answers An illusory promise.
A contract most likely will be declared unconscionable if:
Correct Answers It is oppressive and the weaker party did not
fully understand the consequences of the agreement.
A jury decision in a civil case: Correct Answers is achieved by
informal deliberations.
Advantages of alternative dispute resolution (ADR) include:
Correct Answers All of the above:
ADR is faster than litigation
ADR keeps the parties talking rather than fighting
ADR is less expensive than litigation
After answering a summons and complaint, Mike received a set
of written questions from the plaintiff's attorney. He was
directed to respond to the questions in writing under oath. This
discovery technique is called: Correct Answers Interrogatories
After the plaintiff has presented the case, the defendant may be
granted a: Correct Answers direct verdict
An agreement in which a buyer agrees to buy all the goods
produced by a manufacturer is known as: Correct Answers An
output contract
,Assume that in December 2006, environmental protection
agency (EPA) bald and administrative complaint against Marlin
fire arms company alleging that the company exceeded
chromium in missions limits the EPA proposed a $257,162 fine.
Which statement is correct concerning the administrative agency
adjudication? Correct Answers The losing party has a right to
appeal.
Bernie owes an undisputed amount to Wilde's Heating and Air
conditioning. Which of the following is true? Correct Answers
If wilde's agrees to accept less than the full amount as full
payment, the agreement is not binding.
Common law refers to: Correct Answers Lame when judges
decide cases and then follow those decisions and later cases.
Congress and acted legislation in 1933 to regulate the securities
industry and prohibit various forms of fraud with securities.
They securities exchange act of 1934 was passed a year later.
This law created the securities and exchange commission (SEC)
as an independent regulatory entity whose function is to minister
the two laws. The S EC has generated rules and regulations to
administer these acts. These rules and regulations are: Correct
Answers Administrative law
Congresswoman Sloan introduced a bill in the House of
Representatives. If the bill is approved by the health committee
specializing in that subject, the bill will go to: Correct Answers
The full house
, Deborah purchased a boat from sun and surf Marine. She later
learned that The salesman had made misrepresentations to
induce her to make a purchase under the UCC section 2-271.
Debra can resend the contract: Correct Answers And sue for
damages whether the misrepresentation was fraudulent or
innocent
Dick offers to sell Jane his 1955 Thunderbird Convertible before
Jane can accept the offer, lightning strikes the car and it is
totally destroyed. Which of the following is true? Correct
Answers The offer is terminated by law.
Ethels exercise world plans to order three weight machines from
Pete push, pedal and push, Inc. for a total of $15,000. Pete's
demands that Ethel's friend, moneybags, I bought the
independent business woman (not concerned with ethils
business in anyway) promise to pay pizza for the three machines
if ethels exercise world does not. Which of the promises and this
problem must be in writing to be enforceable? Correct Answers
Both moneybags promise and Ethel's exercise of world promise.
Floyd offers to sell his 1967 Ford Mustang convertible to Tim.
Before they conclude their negotiations, Floyd dies. Which of
the following is true? Correct Answers The offeror terminates
automatically upon Floyd's death.
For the purpose of the statute of fraud's, and interest in land
includes: Correct Answers All of the above:
A house
A real estate mortgage
An easement
"I'll sell you my car if I agree to sell it" is an example of:
Correct Answers An illusory promise.
A contract most likely will be declared unconscionable if:
Correct Answers It is oppressive and the weaker party did not
fully understand the consequences of the agreement.
A jury decision in a civil case: Correct Answers is achieved by
informal deliberations.
Advantages of alternative dispute resolution (ADR) include:
Correct Answers All of the above:
ADR is faster than litigation
ADR keeps the parties talking rather than fighting
ADR is less expensive than litigation
After answering a summons and complaint, Mike received a set
of written questions from the plaintiff's attorney. He was
directed to respond to the questions in writing under oath. This
discovery technique is called: Correct Answers Interrogatories
After the plaintiff has presented the case, the defendant may be
granted a: Correct Answers direct verdict
An agreement in which a buyer agrees to buy all the goods
produced by a manufacturer is known as: Correct Answers An
output contract
,Assume that in December 2006, environmental protection
agency (EPA) bald and administrative complaint against Marlin
fire arms company alleging that the company exceeded
chromium in missions limits the EPA proposed a $257,162 fine.
Which statement is correct concerning the administrative agency
adjudication? Correct Answers The losing party has a right to
appeal.
Bernie owes an undisputed amount to Wilde's Heating and Air
conditioning. Which of the following is true? Correct Answers
If wilde's agrees to accept less than the full amount as full
payment, the agreement is not binding.
Common law refers to: Correct Answers Lame when judges
decide cases and then follow those decisions and later cases.
Congress and acted legislation in 1933 to regulate the securities
industry and prohibit various forms of fraud with securities.
They securities exchange act of 1934 was passed a year later.
This law created the securities and exchange commission (SEC)
as an independent regulatory entity whose function is to minister
the two laws. The S EC has generated rules and regulations to
administer these acts. These rules and regulations are: Correct
Answers Administrative law
Congresswoman Sloan introduced a bill in the House of
Representatives. If the bill is approved by the health committee
specializing in that subject, the bill will go to: Correct Answers
The full house
, Deborah purchased a boat from sun and surf Marine. She later
learned that The salesman had made misrepresentations to
induce her to make a purchase under the UCC section 2-271.
Debra can resend the contract: Correct Answers And sue for
damages whether the misrepresentation was fraudulent or
innocent
Dick offers to sell Jane his 1955 Thunderbird Convertible before
Jane can accept the offer, lightning strikes the car and it is
totally destroyed. Which of the following is true? Correct
Answers The offer is terminated by law.
Ethels exercise world plans to order three weight machines from
Pete push, pedal and push, Inc. for a total of $15,000. Pete's
demands that Ethel's friend, moneybags, I bought the
independent business woman (not concerned with ethils
business in anyway) promise to pay pizza for the three machines
if ethels exercise world does not. Which of the promises and this
problem must be in writing to be enforceable? Correct Answers
Both moneybags promise and Ethel's exercise of world promise.
Floyd offers to sell his 1967 Ford Mustang convertible to Tim.
Before they conclude their negotiations, Floyd dies. Which of
the following is true? Correct Answers The offeror terminates
automatically upon Floyd's death.
For the purpose of the statute of fraud's, and interest in land
includes: Correct Answers All of the above:
A house
A real estate mortgage
An easement
