Question 16 1 points Save
A covenant not to sue is the substitution of a contractual obligation for a legal action.
Question 17 1 points Save
Resolving whether a promise should be enforced is the essence of contract law.
Question 18 1 points Save
To be legally sufficient, consideration must include something of economic value.
Question 19 2 points Save
Serene City enacts an ordinance that bans the use of "sound amplifying systems" on public streets. Tyler wants to campaign for a seat on the city council by broadcasting his message through speakers mounted on a truck. In Tyler's suit against the city, a court would likely hold the ordinance to be
justified by the need to protect individual rights.
Question 20 2 points Save
Bailey, the president of Carmichael Commodities Company, claims that certain actions by the federal government and by the state of Delaware infringe on rights guaranteed by the Bill of Rights. All of these rights limit
Delaware and the federal government.
Question 21 2 points Save
Wisconsin, like other states, may regulate private activities to protect or promote the public order, health, safety, and general welfare under its
Question 22 2 points Save
In Ben v. City Car Dealership, a state supreme court held that a minor could cancel a contract for the sale of a car. Now a trial court in the same state is deciding Daphne v. Even Steven Auto Deals, Inc., a case with similar facts. Under the doctrine of stare decisis, the trial court is likely to
allow the minor the Daphne case to cancel the contract.
Question 23 2 points Save
Crater Tools Company is subject to regulations issued by the Occupational Safety and Health Administration (OSHA). Like other federal administrative agencies, the OSHA was created by
Congress, through enabling legislation.
Question 24 1 points Save
To be enforceable, a contract for a sale of goods priced at $50 or more must be in writing.
Question 25 1 points Save
A contract involving a sale is the only contract relating to an interest in land that must be in writing to be enforceable.
Question 26 1 points Save
A contract must be in writing to be enforceable unless its performance is impossible within one year.
Question 27 1 points Save
A severable contract is unenforceable as a violation of public policy.
Question 28 2 points Save
Lyle, vice-president of sales for Mi-T Electric, Inc., adheres to Judeo-Christian religious ethical standards. With respect to their application, these standards are
Question 29 2 points Save
Peak & Vale Accountants provides other firms with accounting services. Questions of what is ethical involve the extent to which Peak & Vale has
an ethical duty beyond those duties mandated by law.
Question 30 2 points Save
Halley, a lawyer on the staff of International Group, applies the utilitarian theory of ethics in business contexts. Utilitarianism focuses on
the consequences of an action.
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