BUS 1001

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...

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...

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

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.) ...

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 ...

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...

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 ...

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...