LES 305 Exam 3 questions with answers
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Assumption of risk - CORRECT ANSWERS ✔✔Defense in |\ |\ |\ |\ |\ |\ |\ |\
negligence cases that prevents an injured party from recovering
|\ |\ |\ |\ |\ |\ |\ |\ |\
if it can be established that the injured party realized the risk and
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
engaged in the conduct anyway.
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Consent Decree - CORRECT ANSWERS ✔✔For administrative
|\ |\ |\ |\ |\ |\ |\
agencies, a type of plea bargain; a settlement document for an
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
administrative agency's charges. |\ |\
Implied warranty of merchantability - CORRECT ANSWERS ✔✔A
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warranty that the goods are of average quality; given in every
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
sale of foods by a merchant.
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Express warranty - CORRECT ANSWERS ✔✔Expressed promise by
|\ |\ |\ |\ |\ |\ |\
seller as to the quality, abilities, or performance of a product.
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Privity - CORRECT ANSWERS ✔✔Direct contractual relationship.
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Misuse - CORRECT ANSWERS ✔✔In product liability, a defense
|\ |\ |\ |\ |\ |\ |\ |\ |\
based on the plaintiff's failure to follow instructions or use of a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
product for improper purposes. |\ |\ |\
Contributory negligence - CORRECT ANSWERS ✔✔Negligence |\ |\ |\ |\ |\ |\
defense that bars an injured party from recovering any damages
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
,if the injured party acted in a negligent way and contributed to
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
her own injuries.
|\ |\
Corrective advertising - CORRECT ANSWERS ✔✔FTC remedy that
|\ |\ |\ |\ |\ |\ |\ |\
requires a company to run ads explaining previous deceptive ads
|\ |\ |\ |\ |\ |\ |\ |\ |\
or run a new statement in future ads.
|\ |\ |\ |\ |\ |\ |\ |\
Strict liability - CORRECT ANSWERS ✔✔Liability without fault
|\ |\ |\ |\ |\ |\ |\
Bait and switch - CORRECT ANSWERS ✔✔Term given to
|\ |\ |\ |\ |\ |\ |\ |\ |\
advertising technique in which a low-price product is advertised
|\ |\ |\ |\ |\ |\ |\ |\ |\
and then the customer is told that the product is unavailable or is
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
talked into a higher-priced product; prohibited by the FTC.
|\ |\ |\ |\ |\ |\ |\ |\ |\
Disclaimers - CORRECT ANSWERS ✔✔A provision in a contract |\ |\ |\ |\ |\ |\ |\ |\ |\
that eliminates liability such as a warranty disclaimer or a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
disclaimer of tort liability. |\ |\ |\
Unconscionable - CORRECT ANSWERS ✔✔A defense to an |\ |\ |\ |\ |\ |\ |\ |\
otherwise valid contract that is grossly unfair to one side in the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
contract.
Implied warranty of fitness for a particular - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔Warranty given by seller to buyer that promises goods will |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
meet the buyer's specified needs.
|\ |\ |\ |\
Comparative negligence - CORRECT ANSWERS ✔✔In negligence, |\ |\ |\ |\ |\ |\ |\
a defense that allocates responsibility for an accident between
|\ |\ |\ |\ |\ |\ |\ |\ |\
, the plaintiff and defendant when both were negligent and
|\ |\ |\ |\ |\ |\ |\ |\ |\
allocates the recovery in proportion to liability.
|\ |\ |\ |\ |\ |\
Federal Trade Commission (FTC) - CORRECT ANSWERS ✔✔Federal
|\ |\ |\ |\ |\ |\ |\
agency responsible for regulation of unfair and deceptive trade
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
practices, including deceptive advertisements.
|\ |\ |\
Caveat emptor - CORRECT ANSWERS ✔✔Latin term for "Let the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
buyer beware". |\
Immigration and Naturalization Act - CORRECT ANSWERS |\ |\ |\ |\ |\ |\ |\
✔✔Original federal act governing employer obligations on
|\ |\ |\ |\ |\ |\ |\
employing immigrants |\
Minimum Wage - CORRECT ANSWERS ✔✔Under FLSA, all
|\ |\ |\ |\ |\ |\ |\ |\
employees must be paid a minimum wage. |\ |\ |\ |\ |\ |\
Pension Protection Act of 2006 - CORRECT ANSWERS ✔✔Federal
|\ |\ |\ |\ |\ |\ |\ |\ |\
law that imposes additional funding and disclosure requirements
|\ |\ |\ |\ |\ |\ |\ |\
on employers who have employee pension plans.
|\ |\ |\ |\ |\ |\
Employee Retirement Income Security Act of 1974 (ERISA) -
|\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Congressional act establishing
|\ |\ |\ |\ |\
requirements for disclosure and other procedures with relation to
|\ |\ |\ |\ |\ |\ |\ |\ |\
employees' retirement plans. |\ |\
Overtime Pay - CORRECT ANSWERS ✔✔Pay rate required for work
|\ |\ |\ |\ |\ |\ |\ |\ |\
beyond the maximum forty-hour work week for covered workers.
|\ |\ |\ |\ |\ |\ |\ |\ |\
|\ |\ |\ |\ |\ |\
Assumption of risk - CORRECT ANSWERS ✔✔Defense in |\ |\ |\ |\ |\ |\ |\ |\
negligence cases that prevents an injured party from recovering
|\ |\ |\ |\ |\ |\ |\ |\ |\
if it can be established that the injured party realized the risk and
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
engaged in the conduct anyway.
|\ |\ |\ |\ |\
Consent Decree - CORRECT ANSWERS ✔✔For administrative
|\ |\ |\ |\ |\ |\ |\
agencies, a type of plea bargain; a settlement document for an
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
administrative agency's charges. |\ |\
Implied warranty of merchantability - CORRECT ANSWERS ✔✔A
|\ |\ |\ |\ |\ |\ |\ |\
warranty that the goods are of average quality; given in every
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
sale of foods by a merchant.
|\ |\ |\ |\ |\
Express warranty - CORRECT ANSWERS ✔✔Expressed promise by
|\ |\ |\ |\ |\ |\ |\
seller as to the quality, abilities, or performance of a product.
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Privity - CORRECT ANSWERS ✔✔Direct contractual relationship.
|\ |\ |\ |\ |\ |\
Misuse - CORRECT ANSWERS ✔✔In product liability, a defense
|\ |\ |\ |\ |\ |\ |\ |\ |\
based on the plaintiff's failure to follow instructions or use of a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
product for improper purposes. |\ |\ |\
Contributory negligence - CORRECT ANSWERS ✔✔Negligence |\ |\ |\ |\ |\ |\
defense that bars an injured party from recovering any damages
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
,if the injured party acted in a negligent way and contributed to
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
her own injuries.
|\ |\
Corrective advertising - CORRECT ANSWERS ✔✔FTC remedy that
|\ |\ |\ |\ |\ |\ |\ |\
requires a company to run ads explaining previous deceptive ads
|\ |\ |\ |\ |\ |\ |\ |\ |\
or run a new statement in future ads.
|\ |\ |\ |\ |\ |\ |\ |\
Strict liability - CORRECT ANSWERS ✔✔Liability without fault
|\ |\ |\ |\ |\ |\ |\
Bait and switch - CORRECT ANSWERS ✔✔Term given to
|\ |\ |\ |\ |\ |\ |\ |\ |\
advertising technique in which a low-price product is advertised
|\ |\ |\ |\ |\ |\ |\ |\ |\
and then the customer is told that the product is unavailable or is
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
talked into a higher-priced product; prohibited by the FTC.
|\ |\ |\ |\ |\ |\ |\ |\ |\
Disclaimers - CORRECT ANSWERS ✔✔A provision in a contract |\ |\ |\ |\ |\ |\ |\ |\ |\
that eliminates liability such as a warranty disclaimer or a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
disclaimer of tort liability. |\ |\ |\
Unconscionable - CORRECT ANSWERS ✔✔A defense to an |\ |\ |\ |\ |\ |\ |\ |\
otherwise valid contract that is grossly unfair to one side in the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
contract.
Implied warranty of fitness for a particular - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔Warranty given by seller to buyer that promises goods will |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
meet the buyer's specified needs.
|\ |\ |\ |\
Comparative negligence - CORRECT ANSWERS ✔✔In negligence, |\ |\ |\ |\ |\ |\ |\
a defense that allocates responsibility for an accident between
|\ |\ |\ |\ |\ |\ |\ |\ |\
, the plaintiff and defendant when both were negligent and
|\ |\ |\ |\ |\ |\ |\ |\ |\
allocates the recovery in proportion to liability.
|\ |\ |\ |\ |\ |\
Federal Trade Commission (FTC) - CORRECT ANSWERS ✔✔Federal
|\ |\ |\ |\ |\ |\ |\
agency responsible for regulation of unfair and deceptive trade
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
practices, including deceptive advertisements.
|\ |\ |\
Caveat emptor - CORRECT ANSWERS ✔✔Latin term for "Let the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
buyer beware". |\
Immigration and Naturalization Act - CORRECT ANSWERS |\ |\ |\ |\ |\ |\ |\
✔✔Original federal act governing employer obligations on
|\ |\ |\ |\ |\ |\ |\
employing immigrants |\
Minimum Wage - CORRECT ANSWERS ✔✔Under FLSA, all
|\ |\ |\ |\ |\ |\ |\ |\
employees must be paid a minimum wage. |\ |\ |\ |\ |\ |\
Pension Protection Act of 2006 - CORRECT ANSWERS ✔✔Federal
|\ |\ |\ |\ |\ |\ |\ |\ |\
law that imposes additional funding and disclosure requirements
|\ |\ |\ |\ |\ |\ |\ |\
on employers who have employee pension plans.
|\ |\ |\ |\ |\ |\
Employee Retirement Income Security Act of 1974 (ERISA) -
|\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Congressional act establishing
|\ |\ |\ |\ |\
requirements for disclosure and other procedures with relation to
|\ |\ |\ |\ |\ |\ |\ |\ |\
employees' retirement plans. |\ |\
Overtime Pay - CORRECT ANSWERS ✔✔Pay rate required for work
|\ |\ |\ |\ |\ |\ |\ |\ |\
beyond the maximum forty-hour work week for covered workers.
|\ |\ |\ |\ |\ |\ |\ |\ |\
