Legal Environment of Business Final Exam – EMCC – 2026 – Study and Practice
Guide
Article 2 - correct answer ✔✔ What article of the UCC governs the sale of goods?
Article 2 governs the personal property and real property? T or F? - correct answer ✔✔ False
True - correct answer ✔✔ Article 2A applies to the lease of goods, T or F?
true - correct answer ✔✔ Shipment of conforming goods may be used or commuicated as
acceptance. T or F?
acceptance; breach - correct answer ✔✔ A prompt shipment of nonconforming goods prompts
both ___________ and ____________.
consideration - correct answer ✔✔ The UCC requires no additional _________ which is different
from common law.
writing - correct answer ✔✔ What is required for modification?
statute of fraud - correct answer ✔✔ Writing requirement is governed by the ______________.
True - correct answer ✔✔ Writing is required if the sale of goods is for $500 or more. True or
False?
all of these - correct answer ✔✔ The Perfect Tender Rule says the buyer/lessee may do what?
, A civil wrong - correct answer ✔✔ What is a tort?
false - correct answer ✔✔ A civil wrong is punishable by imprisonment. True or False?
Wrongdoer - correct answer ✔✔ A tortfeasor is the ________.
False - correct answer ✔✔ A tort committed must be intentional. True or False?
Compensatory and Punitive - correct answer ✔✔ Damages recognized by the law with respect
to torts include which of the following?
Tort Reform - correct answer ✔✔ Capping of non-economic damages is known as what?
Negligence - correct answer ✔✔ Which of the following is NOT an intentional torn?
False - correct answer ✔✔ Slander and Libel are the same form of defamation. True or False?
True - correct answer ✔✔ _______ is a defense to defamation. t or f
Malicious Prosecution - correct answer ✔✔ Initiating a lawsuit out of malice and without
probable cause is called _______.
Conversion - correct answer ✔✔ Taking, using, selling, or retaining possession of personal
property without permission or legal authorization is called _________.
Intent - correct answer ✔✔ Negligence does NOT require _______.
Guide
Article 2 - correct answer ✔✔ What article of the UCC governs the sale of goods?
Article 2 governs the personal property and real property? T or F? - correct answer ✔✔ False
True - correct answer ✔✔ Article 2A applies to the lease of goods, T or F?
true - correct answer ✔✔ Shipment of conforming goods may be used or commuicated as
acceptance. T or F?
acceptance; breach - correct answer ✔✔ A prompt shipment of nonconforming goods prompts
both ___________ and ____________.
consideration - correct answer ✔✔ The UCC requires no additional _________ which is different
from common law.
writing - correct answer ✔✔ What is required for modification?
statute of fraud - correct answer ✔✔ Writing requirement is governed by the ______________.
True - correct answer ✔✔ Writing is required if the sale of goods is for $500 or more. True or
False?
all of these - correct answer ✔✔ The Perfect Tender Rule says the buyer/lessee may do what?
, A civil wrong - correct answer ✔✔ What is a tort?
false - correct answer ✔✔ A civil wrong is punishable by imprisonment. True or False?
Wrongdoer - correct answer ✔✔ A tortfeasor is the ________.
False - correct answer ✔✔ A tort committed must be intentional. True or False?
Compensatory and Punitive - correct answer ✔✔ Damages recognized by the law with respect
to torts include which of the following?
Tort Reform - correct answer ✔✔ Capping of non-economic damages is known as what?
Negligence - correct answer ✔✔ Which of the following is NOT an intentional torn?
False - correct answer ✔✔ Slander and Libel are the same form of defamation. True or False?
True - correct answer ✔✔ _______ is a defense to defamation. t or f
Malicious Prosecution - correct answer ✔✔ Initiating a lawsuit out of malice and without
probable cause is called _______.
Conversion - correct answer ✔✔ Taking, using, selling, or retaining possession of personal
property without permission or legal authorization is called _________.
Intent - correct answer ✔✔ Negligence does NOT require _______.
