WGU - BUSINESS LAW C713 exam questions and answers 2024

What is the principal source of stare decisis and precedent? A) Constitutional Law B) Administrative Law C) Statutory Law D) Common Law Common Law A rent-to-own store offered for sale a sofa that was manufactured in a foreign county. The store intentionally represented that the sofa was made from leather, but in reality it was made from vinyl. A consumer used a credit card to purchase the sofa and hopes the Federal Trade Commission regulations can help resolve the dispute. How would these regulations help this consumer? A) They prohibit unfair or deceptive acts or practices. B) They offer fraud insurance for small businesses. C) They require merchants to honor the warranties on the products they sell. D) hey oversee products imported from foreign countries. They prohibit unfair or deceptive acts or practices. From which source do laws governing crime primarily arise? A) Civil Law B) Common Law C) Constitutional Law D) Statutory Law Constitutional Law Which type of law governs a claim for age discrimination in private employment? A) Criminal Law B) Common Law C) Statutory Law D) Constitutional Law Common Law During a state trial the following testimony is recorded: An individual holds an online auction claiming to be selling the rights to a valuable apartment building. A small business owner wins the auction and pays the individual $1 million, only to learn that the individual did not disclose that the apartment building has serious structural defects, in a panic, the small business owner burns down the building and asks the insurance company to pay for the loss. Which trial action brought by the state against the small business owner is supported by this scenario? A) Criminal trial for making false statements B) Civil trial for arson C) Civil trial for tortious interference D) Criminal trial for fraud Criminal trial for fraud During a state trial, the following testimony is recorded: An individual holds an online auction claiming to be selling the rights to a large bridge in New York. The individual does not own the bridge or have any claim to it. A small business is looking to establish a paving contract with the City of New York and bids $1 million in the auction for the bridge, hoping to leverage the bridge into a contract with the city. The small business wins the auction and pays the individual $1 million, only to learn that the individual does not have a legal claim on the bridge. Which trial action brought by the state is supported by this scenario? A) Criminal trial for making false statements B) Civil trial for tortious interference C) Civil trial for slander of title D) Criminal trial for fraud Criminal trial for fraud During a state trial, the following testimony is recorded: An individual working for Firm A learns of a contract between Firms B and C. The individual goes to Firm C and convinces it to break its contract with Firm B and enter into a new contract with Firm A. The individual lies to Firm A about personal involvement in the conflict, saying Firm C decided to break the contract with Firm B on its own. The individual repeats the same lie to Firm B. Which state trial action brought by Firm B is supported by this scenario? A)Criminal trial for making false statements B) Criminal trial for tortious interference with a contract C) Civil trial for tortious interference with a contract D)Civil trial for making false statements Civil trial for tortious interference with a contract An employee leaves the company office and is injured by a falling tree branch. The employee sues the company. The trial court rules that the company is liable for the worker's injury. This decision goes against past precedent, which held that employers are not liable for injuries to employees outside the office. The company appeals the decision, and a U.S. court of appeals holds in the company's favor. How will future rulings by judges who disagree with a court of appeal's findings be affected by this precedent? A)The court of appeals will sanction future judges who fail to follow precedent. B) Future rulings of trial courts that fail to consider precedent will be overturned by the court of appeals directly. C) The court of appeals will order the lower courts that fail to consider precedent to rehear the case. D) Future rulings by judges who disagree with a U.S. court of appeal's ruling will be taken up directly by The court of appeals will order the lower courts that fail to consider precedent to rehear the case.