BUS 302L - Business Law Questions and Answers | Latest Update | Already Graded A

BUS 302L - Business Law Questions and Answers | Latest Update | Already Graded A **Question:** Paul visited Dan's Bookstore and was briefly detained by Dan on suspicion of theft, which later proved to be unfounded. Paul subsequently sued Dan for false imprisonment. What legal principle is likely to determine the outcome of this case? **Options:** - Dan will prevail if he acted reasonably based on a suspicion of theft. - Dan will lose because no theft occurred. - Dan's actions are protected under unconditional immunity. - Dan requires a warrant to detain someone. **Correct Answer:** Dan will prevail if he acted reasonably based on a suspicion of theft. --- **Question:** Bonds wrote to McGuire offering to sell his house for $950,000 with payment upon delivery of a merchantable deed within 60 days. How would the legality of Bonds' letter typically be evaluated under contract law? **Options:** - Bonds' letter becomes an offer only if both parties agree. - Bonds' letter is an offer if McGuire believes Bonds intended it to be so. - Bonds' letter is valid if a reasonable person would view it as an offer. - Bonds' letter is not valid unless Bonds intended it as an offer. **Correct Answer:** Bonds' letter is valid if a reasonable person would view it as an offer. --- **Question:** Iverson Jewelers sent a letter to Miller offering to sell a Rolex watch at a favorable price. How would this letter typically be evaluated under contract law? **Options:** - The letter is considered a valid offer to sell the watch. - A valid offer cannot be made through a letter. - The letter makes a valid offer that expires after a reasonable time. - The letter lacks essential elements required for an offer. **Correct Answer:** The letter lacks essential elements required for an offer. --- **Question:** Don's negligent driving caused a series of collisions, ultimately resulting in Paul suffering a heart attack. Paul sued Don for negligence. What legal elements would likely support Paul's case? **Options:** - Paul must prove Don's actions directly caused his injuries. - Paul must prove Don caused the specific damages he suffered. - Paul must prove Don breached a duty of care owed to him. - Paul must prove all of the above (a, b & c). **Correct Answer:** Paul must prove all of the above (a, b & c). --- **Question:** Sammy agreed to sell his car to Larry for $400, payable upon delivery. Larry accepted the car but never paid Sammy. Eight years later, Sammy sues Larry for the $400. What would the likely legal outcome be based on the statute of limitations? **Options:** - No contract existed between Sammy and Larry. - A contract existed but may not be enforceable due to time limitations. - A contract existed but must be in writing to be enforceable. - A contract existed and is enforceable. **Correct Answer:** A contract existed but may not be enforceable due to time limitations. --- **Question:** Bill found dead insects inside a can of Sipep purchased from Ajax Minimart. If Bill sues Ajax under strict product liability, what must Bill demonstrate to succeed in his lawsuit? **Options:** - Ajax is a known merchant of Sipep products. - Ajax knew or should have known about the defective can. - Ajax had prior incidents of similar