BUSINESS LAW 1 FINAL EXAM questions and answers 2022/2023 LATEST UPDATE RATED 100%

BUSINESS LAW 1 FINAL EXAM questions and answers 2022/2023 LATEST UPDATE RATED 100% Grading Summary These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Date Taken: 10/10/ Time Spent: 36 min , 59 secs Points Received: 228 / 300 (76%) Question Type: # Of Questions: # Correct: True/False 10 8 Multiple Choice 32 22 Short 4 N/A Grade Details - All Questions Page: 1 2 3 1. Question : Giving a ring to one's fiance is an example of a conditional gift to be returned if the couple decides not to get married. Student Answer: CORRECT True False Points Received: 6 of 6 Comments: 2. Question : According to the principle of federal supremacy and the U.S. Constitution, federal law never defeats conflicting state law. Student Answer: True CORRECT False Points Received: 6 of 6 Comments: 3. Question : A misdemeanor is a type of tort. Student Answer: INCORRECT True CORRECT False Points Received: 0 of 6 Comments: 4. Question : Generally, silence is not considered acceptance. Student Answer: CORRECT True INCORRECT False Points Received: 0 of 6 Comments: 5. Question : Under the mailbox rule, an authorized acceptance is effective even if it is not received. Student Answer: CORRECT True False Points Received: 6 of 6 Comments: 6. Question : A boat blown into the wrong dock by a storm is considered abandoned property. Student Answer: True CORRECT False Points Received: 6 of 6 Comments: 7. Question : Substantial performance does not apply if the breach of contract was willful.