BUS 3130 Business Law, Week 4, Final Exam A + Grade (100/100)

BUS 3130 Final Exam 1 Week 4 Year 2022 Course: Business Law Test Week 4 Final Exam Question 1: The main difference between an employee and an independent contractor is, Question 2: A principal owes his/her agent the duty of reimbursement. Question 3: Which of the following is not exempt from satisfaction of judgment debts: Question 4: The duties of an agency relationship are implied only when the identity of the principal is disclosed to the third party. Questions 5: Danielle lives in California and is hired to work for a firm in New York. Her start date is one week away. Between finding someone to sublet her old apartment, moving costs and paying a first and last months' rent for a new apartment, the total costs incurred amount to $8,000. On her first day of work, she arrives to discover that the employer has changed his mind there is no longer a position available to her. She files suit for $8,000 on the grounds that she reasonably relied upon the new job when she incurred these costs. She is attempting to prevail based upon the Doctrine of Strict Liability. Question 6: An employer can raise or lower an at-will employee's salary Question 7: Filing a bankruptcy petition operates as a binder on virtually all litigation by creditors against the debtor. Question 8: A security interest is best described as every interest in personal property or fixtures that secures (guarantees) the payment or performance of an obligation Question 9: Some debts simply cannot be discharged in Bankruptcy. Which of the following CANNOT be discharged, and must be repaid? Question 10: Bankruptcy has many forms. Which of the following is not a type of Bankruptcy? Question 11: Digital Software, Inc. prefers to hire Asian Americans, because, according to its personnel director, "they're smarter and work harder" than other minorities. Showing a preference for one minority over another is prohibited by Question 12: Once a Bankruptcy petition is filed, creditors who are owed money may still attempt to collect the debts owed. Question 13: Laws which can assist creditors in collecting the payments due include: Question 14 Credit card applications from retail stores do not meet the requirement for a written security interest. Question 15: In employment law, an at-will employee refers to an employee who generally can be fired Question 16: The minimum number of members of a body of officials or other group that must be present before business can validly be transacted is called a dividend. Question 17: A suit brought by a shareholder to enforce a corporate cause of action against a third person is called: Question 18: If a person fails to pay a creditor, in some cases the creditor may get payment by: Question 19: Acts of a corporation that are beyond the authority given to it under its charter are called: Question 20: All states require a corporation name to include the word: