1. Stare decisis refers to the practice of decising new cases with reference to previous decisions. (Points: 4)
True
False


2. If an act is legal, it is ethical. (Points: 4)
True
False


3. Generally, a court can exercise jurisdiction over the residents of the state in which the court is located. (Points: 4)
True
False


4. The Bill of Rights protects individuals against various types of interference by the federal government only. (Points: 4)
True
False


5. A person who borrows a friend's car and fails to return it at the friend's request is guilty of conversion. (Points: 4)
True
False


6. A copyright is infringed only if a work is copied in its entirety. (Points: 4)
True
False


7. Jane goes into Robert's car, and without his knowledge, takes his car radio. Jane is guilty of robbery. (Points: 4)
True
False


8. A court imposes a quasi contract to avoid one party's unjust enrichment at another's expense. (Points: 4)
True
False


9. Offers that must be kept open for a period of time include advertisements. (Points: 4)
True
False


10. A promise to do what one already has a legal duty to do is not legally sufficient consideration under most circumstances. (Points: 4)
True
False


11. An exculpatory clauses are rarely enforced. (Points: 4)
True
False


12. The age of majority for contractual purposes is twenty-one years for females and eighteen years for males. (Points: 4)
True
False


13. When both parties to a contract are mistaken as to the same fact, the contract cannot be rescinded by either party. (Points: 4)
True
False


14. Pedro is selling his iPod to Jerry for $250. Because this is a contract involving the sale of goods, in excess of $200, it must be in writing. (Points: 4)
True
False


15. Intended beneficiaries have no legal rights under a contract. (Points: 4)
True
False


16. Liquidated damages are an uncertain amount. (Points: 4)
True
False


17. State e-signature laws are not uniform. (Points: 4)
True
False


18. Gary hits Timothy in the back of the head. Gary is guilty of an assault. (Points: 4)
True
False


19. The President can hold acts of Congress and of the courts unconstitutional. (Points: 4)
True
False


20. Suzy pays Triple-A Office Supply Company $1,500 for a new laptop com­puter. According to the UCC, this is (Points: 4)
a gift
a lease
a sale
not a gift, a lease, or a sale.


21. Standard Office Corporation pays Tech Products $1,000 to use a Tech com­puter for a month. For purposes of the UCC, this is (Points: 4)
a consignment
a lease
a sale
a gift


22. Southern Distribution, Inc., signs a receipt for goods that will also serve as a contract for the goods’ transport. This is (Points: 4)
a bill of lading
a destination contract
a shipment contract
a warehouse receipt


23. The right of A-Plus Design, Inc., to reject goods that fail to conform to its contract with Brittle Bottling Company is (Points: 4)
the mere image rule
the mailbox rule
the parole evidence rule
the perfect tender rule


24. Better Home Products, Inc. (BHP), salespersons tell potential customers that BHP prod­ucts are “excellent.” This is (Points: 4)
an express warranty
an implied warranty
a warranty of title
puffery


25. The Federal Trade Commission (FTC) rules that A+ Goods, Inc., engages in de­ceptive advertising when it markets its product Best Cleaner as able to kill germs over long periods of time. In an action against A+ re­gard­ing Best, XXXXX XXXXX orders A+ to stop its false advertising of Best. This is (Points: 4)
bait and switch advertising
a cease and desist order
a counteradvertising order
excessive abuse of authority

Optional Information:
Subject: quiz business law

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