LSTD 2106 Test 2 QUESTIONS &
ANSWERS(RATED A+)
Which of the following statements is true of international arbitration? -
ANSWERInternational arbitration usually has no connection with the country in which
the arbitration is being held.
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. - ANSWERTrue
Mutual assent refers only to the written acceptance of an offer. - ANSWERFalse
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? - ANSWERCapacity to
contract
Which of the following is true of sovereign immunity? - ANSWERit exempts nations
from jurisdiction by other nations' courts
Which of the following is true of the International Court of Justice? - ANSWERit 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. - ANSWERFalse
Which of the following is protected under the Copyright Act? -
ANSWERChoreographic works
"Already Gone" is a popular brand of kitchen disinfectant. The mark "Already Gone"
best fits into the ____ category. - ANSWERsuggestive trademark
Liability for a defective product can be triggered even when - ANSWERthe 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. -
ANSWERTrue
which of the following elements of a contract pertains to the fact that there is an offer
and agreement between the involved parties? - ANSWERMutual assent
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
ANSWERS(RATED A+)
Which of the following statements is true of international arbitration? -
ANSWERInternational arbitration usually has no connection with the country in which
the arbitration is being held.
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. - ANSWERTrue
Mutual assent refers only to the written acceptance of an offer. - ANSWERFalse
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? - ANSWERCapacity to
contract
Which of the following is true of sovereign immunity? - ANSWERit exempts nations
from jurisdiction by other nations' courts
Which of the following is true of the International Court of Justice? - ANSWERit 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. - ANSWERFalse
Which of the following is protected under the Copyright Act? -
ANSWERChoreographic works
"Already Gone" is a popular brand of kitchen disinfectant. The mark "Already Gone"
best fits into the ____ category. - ANSWERsuggestive trademark
Liability for a defective product can be triggered even when - ANSWERthe 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. -
ANSWERTrue
which of the following elements of a contract pertains to the fact that there is an offer
and agreement between the involved parties? - ANSWERMutual assent
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
