Acct 215 Final Exam Questions With
Complete Verified Solutions.
Which of the following would be a legal principle used by a court when the defendant has been accused
of wrongfully diverting rain water? - Answer Common enemy doctrine
Jackson is on his way to school when he places his bag on the ground next to a bench while waiting for a
bus. He forgets the bag when boarding the bus. The bag would be referred to as - Answer Mislaid
property
The case of Stewart v. Judy resulted in - Answer A farmer gaining land through adverse possession
Martha hosts a party at her house. She invites Nelson. Because of the invitation, Nelson most likely has
obtained a(an)? - Answer License
Assume Jack and Jill purchase a home after they are married. Under the common law (and some states
today), the fact that Jack and Jill are married would create a - Answer Tenancy by the entirety
Jerry leaves his son Mitchell his personal home as part of his will. This type of gift is referred to as a? -
Answer Testamentary gift
Juanita wants to buy a home. As part of the proposed purchase, Juanita hires an attorney named David
to review the ownership history of the property. David provides a written document detailing his
findings. This document is most likely to be referred to as a? - Answer Title opinion
Which of the following bailments creates the highest duty of care for the bailee? - Answer Bailment for
the sole benefit of the bailee
Which of the following statements would most likely lead to a case of fraud if proven untrue and
material? - Answer "This computer is brand-new and has not been used before"
, An advertisement that states untrue information about the company's own product is most likely
considered - Answer Deceptive advertising
US food and packaging laws don't require disclosure of - Answer Wage paid to workers who
manufactured the product
Which of the following professions generally does not require state licensure before providing services? -
Answer Janitorial services
In which of the following situations would a consumer need to consent to a telemarketer's actions? -
Answer Telemarketer wishes to play a prerecorded message to a cell phone user
Bill decides to sell a gift he got from his mother. The gift was a brand-new camera. Bill has not opened
the box. Bill's profession is that of a cab driver. Rita purchases the camera from Bill. Which of the
following warranties could not apply in this situation? - Answer Implied warranty of merchantability
A consumer has all of the following rights under federal law, except: - Answer The right to have a recent
bankruptcy hidden from their credit report
All of the following must be disclosed by a financial institution, except: - Answer Lowest rate of
competitors
Marissa was told when she was hired that she would only be let go (fired) for one of two reasons. 1)
Customer demand was insufficient to support her job. 2) Marissa received an unsatisfactory employee
evaluation at year-end. Which of the following statements is true? - Answer Marissa is not an at-will
employee and can only be fired for cause
In the case of Torosyan v. Boehringer Ingelheim Pharmaceuticals, Mr. Torosyan - Answer Moved across
the country to work as a chemist
Requiring job applicants to be at least six feet tall when most women are not six feet tall may result in -
Answer Disparate impact
Complete Verified Solutions.
Which of the following would be a legal principle used by a court when the defendant has been accused
of wrongfully diverting rain water? - Answer Common enemy doctrine
Jackson is on his way to school when he places his bag on the ground next to a bench while waiting for a
bus. He forgets the bag when boarding the bus. The bag would be referred to as - Answer Mislaid
property
The case of Stewart v. Judy resulted in - Answer A farmer gaining land through adverse possession
Martha hosts a party at her house. She invites Nelson. Because of the invitation, Nelson most likely has
obtained a(an)? - Answer License
Assume Jack and Jill purchase a home after they are married. Under the common law (and some states
today), the fact that Jack and Jill are married would create a - Answer Tenancy by the entirety
Jerry leaves his son Mitchell his personal home as part of his will. This type of gift is referred to as a? -
Answer Testamentary gift
Juanita wants to buy a home. As part of the proposed purchase, Juanita hires an attorney named David
to review the ownership history of the property. David provides a written document detailing his
findings. This document is most likely to be referred to as a? - Answer Title opinion
Which of the following bailments creates the highest duty of care for the bailee? - Answer Bailment for
the sole benefit of the bailee
Which of the following statements would most likely lead to a case of fraud if proven untrue and
material? - Answer "This computer is brand-new and has not been used before"
, An advertisement that states untrue information about the company's own product is most likely
considered - Answer Deceptive advertising
US food and packaging laws don't require disclosure of - Answer Wage paid to workers who
manufactured the product
Which of the following professions generally does not require state licensure before providing services? -
Answer Janitorial services
In which of the following situations would a consumer need to consent to a telemarketer's actions? -
Answer Telemarketer wishes to play a prerecorded message to a cell phone user
Bill decides to sell a gift he got from his mother. The gift was a brand-new camera. Bill has not opened
the box. Bill's profession is that of a cab driver. Rita purchases the camera from Bill. Which of the
following warranties could not apply in this situation? - Answer Implied warranty of merchantability
A consumer has all of the following rights under federal law, except: - Answer The right to have a recent
bankruptcy hidden from their credit report
All of the following must be disclosed by a financial institution, except: - Answer Lowest rate of
competitors
Marissa was told when she was hired that she would only be let go (fired) for one of two reasons. 1)
Customer demand was insufficient to support her job. 2) Marissa received an unsatisfactory employee
evaluation at year-end. Which of the following statements is true? - Answer Marissa is not an at-will
employee and can only be fired for cause
In the case of Torosyan v. Boehringer Ingelheim Pharmaceuticals, Mr. Torosyan - Answer Moved across
the country to work as a chemist
Requiring job applicants to be at least six feet tall when most women are not six feet tall may result in -
Answer Disparate impact
