LEGL-2501 - Business Law 1 Exam
Questions With 100% Verified Answers
The physical transfer of property is deemed transfer of ownership
rights.
True or False -
correct answer ✅False
If a seller delivers a greater quantity to the buyer than she ordered,
the buyer may reject the excess but not the entire delivery
True or False -
correct answer ✅False
If a seller fails to deliver goods, the buyer can buy the goods
elsewhere and sue the seller for the difference between the
contract price and the price that the buyer actually paid.
True or False -
correct answer ✅True
Reg owns a new telecomm start-up and is trying to grow his
company's customer base. A brand consultant has suggested that
Reg start a telemarketing initiative to get the word out about the
,LEGL-2501 - Business Law 1 Exam
Questions With 100% Verified Answers
company' services. Which of the following is NOT part of the
company's obligations in order to avoid potential criminal liability?
Select one:
Identifying the party for whom the call is being made
Providing the nature of the business and the reason for the call
Disclosing the price of the product being promoted
Making contact only during regular business hours -
correct answer ✅Making contact only during regular business
hours
If a condition in a contract for the sale of goods is breached by a
seller:
Select one:
,LEGL-2501 - Business Law 1 Exam
Questions With 100% Verified Answers
The buyer can repudiate the contract.
The buyer only can sue for damages.
The buyer can only repudiate if the contract includes the sale of
services.
The buyer can only sue for damages if the losses arising from the
breach exceed $1,000. -
correct answer ✅The buyer can repudiate the contract.
The philosophy of _________________ reflects the court's
unwillingness to interfere with the principle of freedom of contract.
Select one:
Caveat vendor
Caveat emptor
, LEGL-2501 - Business Law 1 Exam
Questions With 100% Verified Answers
Ultra vires
Intra vires -
correct answer ✅Caveat emptor
Under the Consumer Protection Act, 2002 special rules apply to all
agreements where the amount of payment by the consumer
exceeds $50.
True or False -
correct answer ✅False
Clicking an icon may bind you to a legally enforceable contract.
True or False -
correct answer ✅True
Under the Consumer Protection Act, 2002, a business:
Select one:
Questions With 100% Verified Answers
The physical transfer of property is deemed transfer of ownership
rights.
True or False -
correct answer ✅False
If a seller delivers a greater quantity to the buyer than she ordered,
the buyer may reject the excess but not the entire delivery
True or False -
correct answer ✅False
If a seller fails to deliver goods, the buyer can buy the goods
elsewhere and sue the seller for the difference between the
contract price and the price that the buyer actually paid.
True or False -
correct answer ✅True
Reg owns a new telecomm start-up and is trying to grow his
company's customer base. A brand consultant has suggested that
Reg start a telemarketing initiative to get the word out about the
,LEGL-2501 - Business Law 1 Exam
Questions With 100% Verified Answers
company' services. Which of the following is NOT part of the
company's obligations in order to avoid potential criminal liability?
Select one:
Identifying the party for whom the call is being made
Providing the nature of the business and the reason for the call
Disclosing the price of the product being promoted
Making contact only during regular business hours -
correct answer ✅Making contact only during regular business
hours
If a condition in a contract for the sale of goods is breached by a
seller:
Select one:
,LEGL-2501 - Business Law 1 Exam
Questions With 100% Verified Answers
The buyer can repudiate the contract.
The buyer only can sue for damages.
The buyer can only repudiate if the contract includes the sale of
services.
The buyer can only sue for damages if the losses arising from the
breach exceed $1,000. -
correct answer ✅The buyer can repudiate the contract.
The philosophy of _________________ reflects the court's
unwillingness to interfere with the principle of freedom of contract.
Select one:
Caveat vendor
Caveat emptor
, LEGL-2501 - Business Law 1 Exam
Questions With 100% Verified Answers
Ultra vires
Intra vires -
correct answer ✅Caveat emptor
Under the Consumer Protection Act, 2002 special rules apply to all
agreements where the amount of payment by the consumer
exceeds $50.
True or False -
correct answer ✅False
Clicking an icon may bind you to a legally enforceable contract.
True or False -
correct answer ✅True
Under the Consumer Protection Act, 2002, a business:
Select one:
