BUS 1001
Central Georgia Tech School
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Examen
BUS 1001 Milestone #2 Business Law Questions and Answer
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---11enero 20242023/2024A+
- Tort law is similar to criminal law in that __________. 
 
they both have primarily developed in common law courts 
 
they both require specific intent on the part of the defendant 
 
they both require a wrongful act by a defendant for the plaintiff to recover 
 
they both require specific intent on the part of the plaintiff 
CONCEPT 
Introduction to Tort Law 
2 
The Uniform Commercial Code (UCC) is the primary source of law for 
contracts regarding __________. 
 
the sale or leas...
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Examen
BUS 1001 Unit 1 Challenge 2 Questions and Answers(100% VERIFIED A+ GRADED )
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---2enero 20242023/2024A+
- Unit 1 Challenge 2 
Which of the following individuals would benefit most from an LLC? 
a.)Tessa has a great idea for a start-up and wants a form of business 
organization that will make it easy for her to raise funds quickly. 
b.)Gerald wants to formalize his business, but he's interested in the 
simplest form of business organization and not really worried about 
liability. 
c.)Hector is thinking of starting a business and wants a form of 
organization that gives him flexibility and adaptabil...
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Examen
BUS 1001 Unit 2 Challenge 1 Questions and Answers(100% VERIFIED A+ GRADED )2024 LATEST VERSION
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---2enero 20242023/2024A+
- Unit 2 Challenge 1 
A purpose of the Statute of Frauds is to __________. 
 a.)prevent one party from falsely claiming that a contract was formed 
in certain areas of exchange 
 b.)enforce the full execution of oral contracts 
 c.)outline the penalties for committing fraud in certain kinds of 
contracts 
 d.)ensure
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Examen
BUS 1001 Unit 1 Challenge Questions and Answers(100% VERIFIED A+ GRADED )2024 LATEST VERSION
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---3enero 20242023/2024A+
- Unit 1 Challenge 1 
Statutory law is created by __________. 
 a.) 
the legislative branch 
 b.) 
the judicial branch 
 c.) 
all three branches of government 
 d.) 
the executive branch 
If the U.S. Constitution does not give the federal government 
explicit jurisdiction over an area of law, the jurisdiction falls to 
__________. 
 a.) 
the courts 
 b.) 
the states 
 c.) 
the President 
 d.) 
the people 
Select the true statement about substantive law in the U.S. 
 a.) ...
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greatsolutions
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Examen
BUS 1001 Unit 1 Challenge 3 Questions and Answers(100% VERIFIED A+ GRADED )2024 LATEST VERSION
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---2enero 20242023/2024
- Unit 1 Challenge 3 
What is a disadvantage of mediation compared to arbitration? 
 a.)It is possible that mediation will fail to result in resolution. 
 b.)Mediation is typically much more costly than arbitration. 
 c.)It relies on a neutral third party to ensure fairness. 
 d.)Mediation is more public, and thus more open to scrutiny. 
Why might this have occurred? 
 a.)The jury was instructed to decide the case as the judge wanted. 
 b.)The jury was hung, meaning it could not ...
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Examen
BUS 1001 Unit 1 Challenge 4 Questions and Answers(100% VERIFIED A+ GRADED )2024 LATEST VERSION
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---2enero 20242023/2024A+
- Unit 1 Challenge 4 
Select the strategy that would be least effective in reducing the 
company's criminal liability. 
 a.)It could encourage employees to investigate one another. 
 b.)It could publicly and substantively support the whistleblower who 
exposed the former CEO. 
 c.)It could hire a new CEO who outwardly prioritizes ethical behavior 
and leads by example. 
 d.)It could update its code of ethics and ensure it's frequently 
referenced by management. 
Consider what you hav...
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Examen
BUS 1001 Unit 2 Challenge 1 Questions and Answers(100% VERIFIED A+ GRADED )2024 LATEST VERSION
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---2enero 20242023/2024A+
- Unit 2 Challenge 1 
A purpose of the Statute of Frauds is to __________. 
 a.)prevent one party from falsely claiming that a contract was formed 
in certain areas of exchange 
 b.)enforce the full execution of oral contracts 
 c.)outline the penalties for committing fraud in certain kinds of 
contracts 
 d.)ensure that contracts formed for fraudulent purposes are preserved 
in writing 
A contract is usually rendered unenforceable when __________. 
 a.)the contract is formed under ...
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Examen
BUS 1001 Unit 2 Challenge 3 Questions and Answers(100% VERIFIED A+ GRADED )2024 LATEST VERSION
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---2enero 20242023/2024A+
- Unit 2 Challenge 3 
A man is in a car accident, and a woman who sees the accident rushes over to help 
him. The man ends up with permanent partial paralysis resulting from the woman's care. 
The injured man later sues the woman for negligence. 
Assuming it is true, which of the following would represent a strong defense 
against the negligence claim? 
 a.) 
The man knowingly and voluntarily assumed the risks associated with driving 
a car. 
 b.) 
The man has a documented history of speedi...
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