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Exam (elaborations)

Bus-115 Exam Review Questions With Answers

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BUS-115 EXAM REVIEW QUESTIONS WITH ANSWERS

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Website advertisements for the sale of goods or services are generally considered as
________


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invitations to buyers to make an offer




According to the UCC, the "reasonableness" standard ________

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is a practical standard used to gauge what people really do in the
marketplace




Which of the following is most relevant in determining whether an item is a necessary?


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The minor's age




Stare decisis ________

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lends predictability to decisional law by relying on prior decisions




Which of the following is an example of cooperative antibribery efforts aimed at
combating corruption in international business dealings?


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The IACAC




People lacking mental capacity are liable for the ________blank value of necessaries
________blank minors.

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reasonable; on the same basis and for the same reasons as




Which of the following is true regarding stare decisis?


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State court decisions are binding only within the same state.




Generally, a promise to discharge a(n) ________blank debt for partial payment of the
debt at or after its due date is unenforceable due to lack of ________blank.


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liquidated; consideration




One objective of preventive law is to arrange business plans and methods to increase
profits by ________


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reaching business goals through enforceable contracts while avoiding
government prohibitions

, To demonstrate a "pattern of activity" prohibited by RICO, the prosecution must
prove, at a minimum, the commission of ________blank designated offenses within a
________blank period.


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two; 10-year




To recover in a negligence suit, the plaintiff must prove that the ________


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defendant's breach of duty was the proximate cause of the plaintiff's
injuries




Which of the following is a circumstance where both parties involved in a contract are
under a mistaken belief about a material fact?


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Mutual mistake




Which of the following must be present for an offer to have a legal effect?


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