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21)Which of the following is a false statement?AnswerThe pre-existing rule of common law contracts allows a party, who is bound by a prior contract to perform a duty, to use that same duty as new consideration.The parties to a contract can mutually rescind a contract.Generally, a later promise to do what one already has a legal duty to do is legally insufficient consideration under the common law.For an item to be classified as a "good" pursuant to the Uniform Commercial Code, it typically is tangible personal property.22)Martha is a minority shareholder in the ABC Corporation. Which method of voting would give Martha the best chance to elect someone to the board of directors?AnswerCumulative.Noncumulative.Proxy.Supermajority.23)Which of the following is a false statement?AnswerIf a contract for the sale of goods does not include a price term, it nonetheless may still be enforceable pursuant to the Uniform Commercial Code.If a contract for the sales of goods does not include the exact terms for payment, it normally will be unenforceable since it is impermissibly vague.When an offer for the sale of goods does not specify a means of acceptance, the offer usually can be accepted by any manner reasonable under the circumstances.A warranty is an assurance by the buyer to the seller that he or she will pay valid and good consideration for a product.24)Under Article II of the UCC a seller may notWithhold deliverySeize the good back on his or her ownStop delivery in transitSell the goods25)Who is protected under the Age Discrimination in Employment Act?AnswerAll workers who are age 40 or over.All workers of any age who are discriminated against because they are thought to be too old.All workers who are in a job in which they were 40 years of age or over when hired.Any worker who is replaced with a younger worker26)The Parol Evidence Rule prohibits oral testimony thatAnswerShows failure of considerationExplains ambiguitiesShows fraudVaries the terms of an existing and complete written contract28)Which of the following is a false statement?AnswerU.S. child labor laws provide that children aged 12-14 may engage in sales work outside school hours if their parents consent and if no heavy lifting is involved.Both men and women can sue for sexual harassment in the United States.Whistleblowing by employees in the private sector can now be a legally protected activity pursuant to some states' laws in the United States.A deceptive advertisement is one that is either false or misleading pursuant to the U.S. Federal Trade Commission's legal standards.29)In a general partnership, the partners own partnership property:Answeras joint tenants.as tenants in partnershiptenants in commonaccording only to their shares of the partnership profits.
30)Which of the following is the most accurate statement?AnswerA sole proprietorship is a separate legal entity for U.S. tax purposes and thus the entity must file its own tax return.A franchise is an association of members comparable to a partnership organized to provide an information sharing exchange among the members about economic issues.Franchisors that firmly set and fix the prices at which the franchisees can resell products or perform services may violate antitrust laws.A franchisor can always establish an additional franchisee in a territory allotted to a franchisee if the franchisee agreement is silent as to exclusivity of the territory.
Ok Perfect.. Im going to open another thread. Thank you again...
pd: In the other thread you can answer the all questions? you already answer 22 I need have 19 left
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