WGU D216, Agency Relationships Overview,
Business Organization Overview, Business Law for
Accountants Overview (FR)
Save
Terms in this set (174)
Mirrored Image Rule For Contracts, there must be an additional
acceptance when a counteroffer is presented.
Which type of trademark receives Fanciful marks
automatic protection? 3 multiple choice options
The doctrine of substantial There is a minor omission that can be remedied by
performance states that a party, who monetary damages.
in good faith, performs substantially
3 multiple choice options
all the terms of a contract can
enforce the contract against the
other party. What is a basic
requirement for performance to
qualify as substantial?
A collector agreed to sell a rare Statement of opinion
collection of baseball cards to a 3 multiple choice options
buyer for $2,000 after several weeks
of negotiation and discussion. After
the sale, the buyer and collector do
additional independent research and
both learn that the baseball cards
are worth only $20. What is the
court’s decision if this buyer sues this
collector?
,What is the time period for filing Within 45 days after filing the petition in bankruptcy
Chapter 7 Schedules after the filing of
3 multiple choice options
the petition?
Which type of relief does Chapter 7 of The debtor has an opportunity for a fresh start as
the Bankruptcy Code provide to a most or all debts are discharged on liquidation and
debtor? distribution to creditors.
3 multiple choice options
What is the eligibility requirement for a Small-business debtors that do not own or manage
small-business debtor to avoid the real estate with liabilities not exceeding $2.7 million
appointment of a creditor's 3 multiple choice options
committee?
Which bankruptcy filing has the Debtor-initiated filing under Chapter 7 Liquidation
advantage of being the least
3 multiple choice options
expensive and complicated?
What is a cramdown provision? Confirmation of the reorganization plan by the court
over the objections of a class of creditors
3 multiple choice options
How is the liability determined for Limited to the amount of the member's investment
members of a limited liability
3 multiple choice options
company, absent a member's
significant contribution to any tortious
conduct?
Which form of business organization Sole proprietorship
should someone have if flexibility in 3 multiple choice options
decision-making is valued over asset
protection?"
Which event can cause an agency Death or insanity of either the principal or the agent
authority to terminate by the 3 multiple choice options
operation of law?
, What is the duty of the principal to the To give the agent reasonable notice of the
agent in order to terminate an agency termination of the agency
at will? 3 multiple choice options
When is the principal liable to the When the agent had authority to enter legally
third parties for the actions of the binding contracts on behalf of the principal
agent? 3 multiple choice options
A landlord had some properties No, because the real estate agent offered to act
available, and a friend who is a real gratuitously.
estate agent offered to help find new
3 multiple choice options
tenants. The real estate agent did not
ask for payment nor was a contract
formed. Months later, the landlord did
not hear from the real estate agent.
The landlord's financial condition was
deteriorating, and the landlord
decided to sue the real estate agent
for breach of contract. Does the
landlord's suit have merits?
Which measure of the Sarbanes-Oxley Certification by the CEO and CFO for the accuracy of
Act ensures corporate accountability information in the financial statements
for the information in the financial
3 multiple choice options
reports?
Which element is being satisfied under Causation
the Lanham Act when a business 3 multiple choice options
claims false advertisement as the only
reason for its harm?
per curiam by decision of a judge, or of a court in unanimous
agreement.
plurality Candidate or party with the most votes cast in an
election, not necessarily more than half.
replevin an action to recover possession of personal property
Business Organization Overview, Business Law for
Accountants Overview (FR)
Save
Terms in this set (174)
Mirrored Image Rule For Contracts, there must be an additional
acceptance when a counteroffer is presented.
Which type of trademark receives Fanciful marks
automatic protection? 3 multiple choice options
The doctrine of substantial There is a minor omission that can be remedied by
performance states that a party, who monetary damages.
in good faith, performs substantially
3 multiple choice options
all the terms of a contract can
enforce the contract against the
other party. What is a basic
requirement for performance to
qualify as substantial?
A collector agreed to sell a rare Statement of opinion
collection of baseball cards to a 3 multiple choice options
buyer for $2,000 after several weeks
of negotiation and discussion. After
the sale, the buyer and collector do
additional independent research and
both learn that the baseball cards
are worth only $20. What is the
court’s decision if this buyer sues this
collector?
,What is the time period for filing Within 45 days after filing the petition in bankruptcy
Chapter 7 Schedules after the filing of
3 multiple choice options
the petition?
Which type of relief does Chapter 7 of The debtor has an opportunity for a fresh start as
the Bankruptcy Code provide to a most or all debts are discharged on liquidation and
debtor? distribution to creditors.
3 multiple choice options
What is the eligibility requirement for a Small-business debtors that do not own or manage
small-business debtor to avoid the real estate with liabilities not exceeding $2.7 million
appointment of a creditor's 3 multiple choice options
committee?
Which bankruptcy filing has the Debtor-initiated filing under Chapter 7 Liquidation
advantage of being the least
3 multiple choice options
expensive and complicated?
What is a cramdown provision? Confirmation of the reorganization plan by the court
over the objections of a class of creditors
3 multiple choice options
How is the liability determined for Limited to the amount of the member's investment
members of a limited liability
3 multiple choice options
company, absent a member's
significant contribution to any tortious
conduct?
Which form of business organization Sole proprietorship
should someone have if flexibility in 3 multiple choice options
decision-making is valued over asset
protection?"
Which event can cause an agency Death or insanity of either the principal or the agent
authority to terminate by the 3 multiple choice options
operation of law?
, What is the duty of the principal to the To give the agent reasonable notice of the
agent in order to terminate an agency termination of the agency
at will? 3 multiple choice options
When is the principal liable to the When the agent had authority to enter legally
third parties for the actions of the binding contracts on behalf of the principal
agent? 3 multiple choice options
A landlord had some properties No, because the real estate agent offered to act
available, and a friend who is a real gratuitously.
estate agent offered to help find new
3 multiple choice options
tenants. The real estate agent did not
ask for payment nor was a contract
formed. Months later, the landlord did
not hear from the real estate agent.
The landlord's financial condition was
deteriorating, and the landlord
decided to sue the real estate agent
for breach of contract. Does the
landlord's suit have merits?
Which measure of the Sarbanes-Oxley Certification by the CEO and CFO for the accuracy of
Act ensures corporate accountability information in the financial statements
for the information in the financial
3 multiple choice options
reports?
Which element is being satisfied under Causation
the Lanham Act when a business 3 multiple choice options
claims false advertisement as the only
reason for its harm?
per curiam by decision of a judge, or of a court in unanimous
agreement.
plurality Candidate or party with the most votes cast in an
election, not necessarily more than half.
replevin an action to recover possession of personal property
