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Sophia Business Law Unit 2 Milestone 2 Latest Questions And Answers

A wrongful act need not actually be the cause of an injury for liability on a theory of negligence. - Answer False. A reasonable person standard determines whether allegedly negligent conduct breached a duty of care. - Answer True Negligence requires a failure to exercise due care. - Answer True Strict liability is liability strictly for intended results. - Answer False. Strict liability requires a failure to exercise due care. - Answer False. In many states, the plaintiff's negl...

Duress - Answer Forcing a party into a contract through fear of threat makes rhe contract voidable (must be wrongful or illegal, incapable of excercising free will Fraud - Answer When a person intentionally makes an assertion that is not in accord with the facts. A contract is - Answer A promise or agreement that can be enforced in court undue influence - Answer Contract lacks voluntary consent and is voidable One of the main purposes of contract law is to - Answer Ensure that certai...

In a bailment, neither the bailor nor the bailee intends that title to the property should pass. - Answer True Cindy and Scott own property as joint tenants. If Cindy dies, Scott acquires ownership of Cindy's interest in the property. - Answer True Bill parked his gasoline tanker truck at Highbeam Hotel while seeking lodging for the night. Highbeam employees went to the gasoline truck to assist in finding a satisfactory parking place, smelled gasoline, noticed a leak from the truck, and r...

There are two sides to a case presented before the trier of fact - Answer - person or persons who apply the law, they decide the winner or loser (a judge or jury) Liable/ Liabilty - Answer deals with responsibility (who is responsible) 3 important aspects of the law - Answer 1. Law is powerful 2. Law is important 3. Law is fascinating Laws are forever - Answer Changing True/ false - Founding fathers created a multi level government which guaranteed citizens rights - Answer True - (...

A person may own property as joint tenant with the right of survivorship with any of the following except a(n) - Answer related minor child Long, Fall, and owned a building as JOINT TENANTS - Answer one third interest as tenant in common Which of the following forms of tenancy will be created if a tenant stays in possession of the leased premises without the landlord's consent, after the tenant's 1 yr written leases expires? - Answer Tenancy at sufferance Which of the following elemen...

Tell me 5 purposes of business laws. - Answer Equality, safe products, level playing field, worker safety and regulation Tell me 6 sources of business laws. - Answer Treaties, Statutes, Case Law, US Constitution, Executive Orders and Administrative Agency Laws Tell me what the principle of stare decisis means. - Answer Courts will follow previous rulings until something big happens Judicial review - Answer The Judicial branch interpreting the laws making sure the other 2 branches are no...

Contract law demonstrates which excuses our society accepts for breaking certain types of promises. - Answer t Contract law does not distinguish between promises that create only moral obligations and promises that are legally binding - Answer f In contract law, intent is determined by the personal or subjective intent, or belief, of a party - Answer f One of the four requirements of a valid contract is an adequate price - Answer f The term consideration refers to the legality of the...

Why do we care about intellectual property? - Answer - Meisterstuck: difference in quality - A lot of value of associations you make - Buying brands and association - Companies sell brands not products - Consumers got quality they expected - Get value of brand without paying for it - Protecting brands become important Sophia Agostino has dedicated her life to the mastery of business law. Her notes and commentary have achieved cult status as a work of art. She has always wanted to visi...