LSTD 2106 TEST 2 QUESTIONS AND
ANSWERS (GRADED A)
Which of the following statements is true of international arbitration? - ANSWER-
International arbitration usually has no connection with the country in which the
arbitration is being held.
Which of the following is true of sovereign immunity? - ANSWER-it exempts nations
from jurisdiction by other nations' courts
Which of the following is true of the International Court of Justice? - ANSWER-it gives
advisory opinions on legal questions submitted to it by duly authorized international
organs
The International Court of Justice sits in Luxembourg and is the final arbiter of the codes
governing European Union (EU) member countries. - ANSWER-False
Which of the following is protected under the Copyright Act? - ANSWER-Choreographic
works
"Already Gone" is a popular brand of kitchen disinfectant. The mark "Already Gone"
best fits into the ____ category. - ANSWER-suggestive trademark
Liability for a defective product can be triggered even when - ANSWER-the seller has
exercised all possible care in preparation and sale of the product
A contract is simply an agreement that a court of law will recognize and enforce. -
ANSWER-True
which of the following elements of a contract pertains to the fact that there is an offer
and agreement between the involved parties? - ANSWER-Mutual assent
if an individual was legally declared to be incompetent by a court prior to entering into a
contract, most states will consider the contract to be voidable. - ANSWER-True
Mutual assent refers only to the written acceptance of an offer. - ANSWER-False
Linda has signed a two-year-long contract with HNS Inc., a clothing retail store, to work
as a sales trainee. Linda's parents are outraged because Linda is not yet 18 years of
age. In this scenario, which of the following elements of the contract between Linda and
HNS Inc. has most likely been missed? - ANSWER-Capacity to contract
, Although the good faith requirement is ordinarily met by the parties simply performing
their obligations completely, the law recognizes that there are some cases in which one
party does not perform completely yet has still acted in good faith and is entitled to
enforce the remaining obligations in the contract against the other party. - ANSWER-
True
The rule preventing recovery for reasonably avoidable damages is often called the duty
to mitigate. - ANSWER-True
Dev agrees to sell Walter a house in 60 days. At the planned time, Dev breaches the
agreement by refusing to sell the house. Because Walter wanted the particular house
for its personal significance, he cannot be compensated with another house. In this
case, the court will most likely require Dev to sell Walter the house as promised. Which
type of equitable remedy is indicated in this scenario? - ANSWER-A specific
performance
The law provides protection against interference from third parties to existing contracts
only and not to potential contracts. - ANSWER-False
Which of the following acts would be considered negligence per se? - ANSWER-Alan
drives his car at 60 mph in a 35 mph zone because he does not see the speed limit sign
In cases of fraudulent misrepresentation, the law allows the innocent party to recover if:
- ANSWER-the innocent party relied on the misrepresentation
The doctrine of res ipsa loquitur is concerned with - ANSWER-pointing to facts that infer
negligent conduct without a showing of exactly how the tortfeasor behaved
Which of the following individuals is protected against defamation claims through a
qualified privilege? - ANSWER-a non-government official who relies on and cites an
official public document while making an allegation
According to the doctrine of accord and satisfaction, rendering a substitute performance
does not guarantee a discharge of obligation until the original performance contracted
for is accomplished. - ANSWER-False
Liquidated damages are damages that the parties in a contract agrees to ahead of time.
- ANSWER-True
An assignment is a transfer of future rights under a contract by one party in a contract to
a third party. - ANSWER-True
If one party to a contract uses any form of unfair coercion to induce another party to
enter into or modify a contract, the coerced party may avoid the contract on the basis of
_____. - ANSWER-Duress
ANSWERS (GRADED A)
Which of the following statements is true of international arbitration? - ANSWER-
International arbitration usually has no connection with the country in which the
arbitration is being held.
Which of the following is true of sovereign immunity? - ANSWER-it exempts nations
from jurisdiction by other nations' courts
Which of the following is true of the International Court of Justice? - ANSWER-it gives
advisory opinions on legal questions submitted to it by duly authorized international
organs
The International Court of Justice sits in Luxembourg and is the final arbiter of the codes
governing European Union (EU) member countries. - ANSWER-False
Which of the following is protected under the Copyright Act? - ANSWER-Choreographic
works
"Already Gone" is a popular brand of kitchen disinfectant. The mark "Already Gone"
best fits into the ____ category. - ANSWER-suggestive trademark
Liability for a defective product can be triggered even when - ANSWER-the seller has
exercised all possible care in preparation and sale of the product
A contract is simply an agreement that a court of law will recognize and enforce. -
ANSWER-True
which of the following elements of a contract pertains to the fact that there is an offer
and agreement between the involved parties? - ANSWER-Mutual assent
if an individual was legally declared to be incompetent by a court prior to entering into a
contract, most states will consider the contract to be voidable. - ANSWER-True
Mutual assent refers only to the written acceptance of an offer. - ANSWER-False
Linda has signed a two-year-long contract with HNS Inc., a clothing retail store, to work
as a sales trainee. Linda's parents are outraged because Linda is not yet 18 years of
age. In this scenario, which of the following elements of the contract between Linda and
HNS Inc. has most likely been missed? - ANSWER-Capacity to contract
, Although the good faith requirement is ordinarily met by the parties simply performing
their obligations completely, the law recognizes that there are some cases in which one
party does not perform completely yet has still acted in good faith and is entitled to
enforce the remaining obligations in the contract against the other party. - ANSWER-
True
The rule preventing recovery for reasonably avoidable damages is often called the duty
to mitigate. - ANSWER-True
Dev agrees to sell Walter a house in 60 days. At the planned time, Dev breaches the
agreement by refusing to sell the house. Because Walter wanted the particular house
for its personal significance, he cannot be compensated with another house. In this
case, the court will most likely require Dev to sell Walter the house as promised. Which
type of equitable remedy is indicated in this scenario? - ANSWER-A specific
performance
The law provides protection against interference from third parties to existing contracts
only and not to potential contracts. - ANSWER-False
Which of the following acts would be considered negligence per se? - ANSWER-Alan
drives his car at 60 mph in a 35 mph zone because he does not see the speed limit sign
In cases of fraudulent misrepresentation, the law allows the innocent party to recover if:
- ANSWER-the innocent party relied on the misrepresentation
The doctrine of res ipsa loquitur is concerned with - ANSWER-pointing to facts that infer
negligent conduct without a showing of exactly how the tortfeasor behaved
Which of the following individuals is protected against defamation claims through a
qualified privilege? - ANSWER-a non-government official who relies on and cites an
official public document while making an allegation
According to the doctrine of accord and satisfaction, rendering a substitute performance
does not guarantee a discharge of obligation until the original performance contracted
for is accomplished. - ANSWER-False
Liquidated damages are damages that the parties in a contract agrees to ahead of time.
- ANSWER-True
An assignment is a transfer of future rights under a contract by one party in a contract to
a third party. - ANSWER-True
If one party to a contract uses any form of unfair coercion to induce another party to
enter into or modify a contract, the coerced party may avoid the contract on the basis of
_____. - ANSWER-Duress
