301 BLAW Part 1 Exam- P. Baker UTM
The final arbiter as to the constitutionality of laws passed by Congress
or by the legislature of a state is the Supreme Court of the United
States. -Correct Answer ✔ ✔ True
The three distinct and independent branches of the United States
government are: -Correct Answer ✔ ✔ the federal judiciary, the
Congress, and the executive branch.
An ethical decision-making approach that relies on a central authority
or set of rules, such as the Koran or the Bible, is: -Correct Answer ✔
✔ ethical fundamentalism
A factor demanding the ethical and social responsibility of business is:
-Correct Answer ✔ ✔ the sheer size and power of individual
corporations.
,Ethics can be defined broadly as the study of what is good or right for
human beings. -Correct Answer ✔ ✔ True
Ethical issues in business settings include corporate governance,
whistle-blowing, shareholder voting, and management's duties to
shareholders. -Correct Answer ✔ ✔ True
Which of the following is not generally required in order to have a
valid contract? -Correct Answer ✔ ✔ Fairness of the bargain
The doctrine of promissory estoppel: -Correct Answer ✔ ✔ is a
doctrine enforcing noncontractual promises.
includes as a requirement within the doctrine that there has been
justifiable reliance on the promise.
a doctrine relying on justice and not contractual rights.
, All of these (answer )
The concept of consideration in contract law includes: -Correct
Answer ✔ ✔ an inducement to each party to make a return
exchange.
Sarah offers to pay Allison $150 if Allison will paint her apartment
while she is out of town on vacation for two weeks. Allison makes no
promise but tells Sarah that she will think about it. While Sarah is out
of town, Allison paints the apartment. Which choice does not describe
the situation? -Correct Answer ✔ ✔
Quasi contracts are used to provide a remedy when the parties enter
into a(n): -Correct Answer ✔ ✔ void contract
James offers to sell his fishing boat to Brenda for $3,000. Brenda says
she will apply for a loan and will buy the boat within a week. A
The final arbiter as to the constitutionality of laws passed by Congress
or by the legislature of a state is the Supreme Court of the United
States. -Correct Answer ✔ ✔ True
The three distinct and independent branches of the United States
government are: -Correct Answer ✔ ✔ the federal judiciary, the
Congress, and the executive branch.
An ethical decision-making approach that relies on a central authority
or set of rules, such as the Koran or the Bible, is: -Correct Answer ✔
✔ ethical fundamentalism
A factor demanding the ethical and social responsibility of business is:
-Correct Answer ✔ ✔ the sheer size and power of individual
corporations.
,Ethics can be defined broadly as the study of what is good or right for
human beings. -Correct Answer ✔ ✔ True
Ethical issues in business settings include corporate governance,
whistle-blowing, shareholder voting, and management's duties to
shareholders. -Correct Answer ✔ ✔ True
Which of the following is not generally required in order to have a
valid contract? -Correct Answer ✔ ✔ Fairness of the bargain
The doctrine of promissory estoppel: -Correct Answer ✔ ✔ is a
doctrine enforcing noncontractual promises.
includes as a requirement within the doctrine that there has been
justifiable reliance on the promise.
a doctrine relying on justice and not contractual rights.
, All of these (answer )
The concept of consideration in contract law includes: -Correct
Answer ✔ ✔ an inducement to each party to make a return
exchange.
Sarah offers to pay Allison $150 if Allison will paint her apartment
while she is out of town on vacation for two weeks. Allison makes no
promise but tells Sarah that she will think about it. While Sarah is out
of town, Allison paints the apartment. Which choice does not describe
the situation? -Correct Answer ✔ ✔
Quasi contracts are used to provide a remedy when the parties enter
into a(n): -Correct Answer ✔ ✔ void contract
James offers to sell his fishing boat to Brenda for $3,000. Brenda says
she will apply for a loan and will buy the boat within a week. A
