business law exam study guide 123456

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Business Law - Final Exam Study Guide Chapters 1, 2, 3, 4, 5, 6, Scroll down below to see the answers. “REF” is the page number in the text the answer is on. All answers to the short answer questions are in your notes. True/False Indicate whether the statement is true or false. ____ 1. The three branches of the U.S. government are known as the legislative, executive, and administrative branches. ____ 2. The U.S. Supreme Court justices are selected by the states. ____ 3. Courts can make laws by deciding whether or not laws conflict with the Constitution. ____ 4. When unethical business practices are discovered, new laws are often created to hold all businesses more accountable. ____ 5. The duties and requirements for serving in state and local governments are determined by the federal government. ____ 6. The main sources of the law include constitutional law, commerce law, statutes, and civil law. ____ 7. The 19th Amendment gave women the right to vote. ____ 8. Everyone in the United States must follow any treaty that the United States has signed. ____ 9. Civil law is enacted to govern the relationships between two parties and usually involves the government. ____10. Civil litigation usually begins with pleadings and a pretrial hearing. ____11. A crime is an offense against the public good. ____12. Motive plays no part in proving criminal liability. ____13. A person claiming self-defense must retreat before resorting to force. ____14. It is first-degree murder if someone is killed while the accused is committing another serious crime. ____15. Robbery is the wrongful and violent taking of personal property. ____16. Embezzlement is what criminals do when they need to hide large amounts of money illegally.

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Page 1: Business Law Exam Study Guide 123456

Business Law - Final Exam Study GuideChapters 1, 2, 3, 4, 5, 6, Scroll down below to see the answers. “REF” is the page number in the text the answer is on. All answers to the short answer questions are in your notes.

True/FalseIndicate whether the statement is true or false.

____ 1. The three branches of the U.S. government are known as the legislative, executive, and administrative branches.

____ 2. The U.S. Supreme Court justices are selected by the states.

____ 3. Courts can make laws by deciding whether or not laws conflict with the Constitution.

____ 4. When unethical business practices are discovered, new laws are often created to hold all businesses more accountable.

____ 5. The duties and requirements for serving in state and local governments are determined by the federal government.

____ 6. The main sources of the law include constitutional law, commerce law, statutes, and civil law.

____ 7. The 19th Amendment gave women the right to vote.

____ 8. Everyone in the United States must follow any treaty that the United States has signed.

____ 9. Civil law is enacted to govern the relationships between two parties and usually involves the government.

____ 10. Civil litigation usually begins with pleadings and a pretrial hearing.

____ 11. A crime is an offense against the public good.

____ 12. Motive plays no part in proving criminal liability.

____ 13. A person claiming self-defense must retreat before resorting to force.

____ 14. It is first-degree murder if someone is killed while the accused is committing another serious crime.

____ 15. Robbery is the wrongful and violent taking of personal property.

____ 16. Embezzlement is what criminals do when they need to hide large amounts of money illegally.

____ 17. Aiding and comforting enemies of the United States is called treason and is illegal.

____ 18. The person accused of a crime is called the plaintiff.

____ 19. The American legal system is a dual system made up of the federal court system and the state court system.

____ 20. The purpose of the International Criminal Court (ICC) is to provide free attorney services to U.S. citizens arrested overseas.

____ 21. A tort is a wrong committed against an individual.

____ 22. Public officials must prove actual malice to succeed in a defamation lawsuit.

____ 23. Invasion of privacy is an unintentional tort.

____ 24. Even the most careless conduct will not result in liability for negligence unless there is actual harm.

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____ 25. The main difference between intentional torts and negligence is that one is deliberate, while the other is usually caused by carelessness.

____ 26. Although the reasonable person test is very subjective, it is used primarily in intentional tort cases.

____ 27. The tortfeasor is the plaintiff in a lawsuit.

____ 28. Mexican tort law does not provide for compensation for pain and suffering.

____ 29. Current tort reform legislation includes survival statutes and wrongful death statutes.

____ 30. If you are driving your car too fast on a rainy evening and have an accident, you might have committed an intentional tort.

____ 31. An oral contract is not enforceable by law.

____ 32. A valid contract must contain at least four of the six elements of a contract.

____ 33. Consideration is the legal ability to enter a contract.

____ 34. When a bilateral contract is made, one person makes a promise to do something if and when another person does something.

____ 35. Contracts for clothing and motor vehicles are examples of exceptions to the mirror image rule.

____ 36. According to common law, when you send an acceptance over long distances, it is effective three days after it is sent.

____ 37. A contract that is void has no legal effect.

____ 38. The Statute of Frauds requires that both parties involved in the contract be honest with each other.

____ 39. Advertisements in newspapers, price tags, and signs in store windows are treated by the law as invitations to negotiate.

____ 40. An offer must always be made seriously for it to be legal.

____ 41. A minor has an absolute right to avoid a contract.

____ 42. A minor may affirm part of a contract while disaffirming another part.

____ 43. An emancipated minor is a child who is no longer under the legal control of his or her own parents.

____ 44. Refraining from doing something illegal is a type of detriment.

____ 45. Parents have certain rights under the law regarding their minor children, including the right to discipline and the right to manage their children’s property.

____ 46. Minors who have signed a military enlistment agreement can legally get out of it based on their age.

____ 47. Capacity rules allow minors, people with mental impairments, and people under the influence of drugs and alcohol to disaffirm a contract.

____ 48. One of the characteristics of consideration is that it must involve something of value.

____ 49. For a contract to be considered unconscionable, there must be equal power between the parties involved.

____ 50. Minors are not allowed to enter into any contracts.

____ 51. The court will not rule on when a contract must be completed if time for performance is unspecified.

____ 52. The doctrine of substantial performance is often applied to construction contracts.

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____ 53. Ending a contract by mutual release is not allowed by law.

____ 54. The destruction of the subject matter needed to perform the contract, through no fault of either party, discharges that contract.

____ 55. You have a right to sue a person who breaches a contract made with you.

____ 56. A person may win a lawsuit for fraud even if no loss is suffered.

____ 57. When actual physical force is used to cause another person to enter a contract, the contract is void.

____ 58. When a bilateral mistake is made, neither party may void the contract.

____ 59. A legal means for enforcing a right or correcting a wrong is called a remedy.

____ 60. When you win a lawsuit and collect thousands of dollars beyond what you actually lost, you have received bilateral damages.

Multiple ChoiceIdentify the choice that best completes the statement or answers the question.

____ 71. A set of laws made by the courts based on the customs and traditions of the people is calleda. the Roman Code. c. common law.b. administrative law. d. moral law.

____ 72. Decisions made by the highest court of any state follow the law ofa. original jurisdiction. c. citation.b. prosecution. d. precedent.

____ 73. One difference between criminal and civil procedure isa. the judge can decide who has the right to due process and who does not.b. in civil cases the procedures must be followed exactly, while in criminal cases they do not.c. in civil cases the defendants have the right to due process, but in criminal cases they do

not.d. in criminal cases the procedures must be followed exactly, while in civil cases they do not.

____ 74. Young people who appear before a juvenile court have a. the right to an open trial in front of the jury.b. the right to request to be tried as an adult.c. no right to a trial and no right to be released on bail.d. a right to a trial and a right to be released on bail.

____ 75. An appeal in a civil case can a. be based only on the arguments made during arraignment.b. be based only on a legal mistake by the judge.c. lead to a retrial at the appellate level.d. lead to fines or imprisonment.

____ 76. A case that has been decided by a state supreme court may be appealed to thea. general trial court. c. U.S. Supreme Court.b. special U.S. court. d. intermediate appellate court.

____ 77. Statutory laws are signed by the President or Governor after they are passed by thea. judges. c. legislators.b. commerce board. d. regulatory agencies.

____ 78. The unlawful killing of one human being by another, without malice aforethought, isa. justifiable homicide. c. second-degree murder.b. first-degree murder. d. manslaughter.

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____ 79. In a criminal proceeding, the government is referred to as thea. defendant. c. plaintiff.b. offender. d. protagonist.

____ 80. If a law enforcement officer induces a law-abiding citizen to commit a crime, the accused may claima. self-defense. c. endangerment.b. entrapment. d. insanity.

____ 81. Threatening a person at gunpoint is calleda. kidnapping. c. torture.b. aggravated assault. d. larceny by false pretenses.

____ 82. The wrongful taking of another's property by a person who has been entrusted with that property isa. extortion. c. larceny.b. robbery. d. embezzlement.

____ 83. Crimes are categorized into crimes against people, property, motor vehicles, and a. murder, manslaughter, and rape.b. assault, battery, and arson.c. business, government, and society.d. kidnapping, domestic violence, and vandalism.

____ 84. When you lie under oath during a court process, you are committinga. disorderly conduct. c. bribery.b. perjury. d. treason.

____ 85. A minor offense that is usually punishable by a fine rather than jail time is called a. a misdemeanor. c. entrapment.b. a felony. d. an infraction.

____ 86. A wrongful injury to, or interference with, the property of another isa. nuisance. c. trespass.b. defamation. d. invasion of privacy.

____ 87. A false statement made orally to a third party isa. slander. c. breach of duty.b. defamation. d. libel.

____ 88. People who are engaged in extremely dangerous activities may be held liable even without negligence or malice; this is known as the doctrine ofa. assumption of risk. c. unintentional liability.b. strict liability. d. dangerous liability.

____ 89. To determine if the defendant's conduct was the proximate cause of the plaintiff's injury, the court applies thea. proximate cause test. c. forensic test.b. actual cause test. d. foreseeability test.

____ 90. The negligence defense that might be used by a baseball club that is sued by spectators isa. contributory negligence. c. assumption of risk.b. comparative negligence. d. proximate cause.

____ 91. The difference between a crime and a tort is that a crime is committed against the public good, while a tort a. is committed against a particular person or property.b. is caused when someone is being threatened.c. is considered a wrong against all of society.d. hurts all members of the community.

____ 92. Using explosives and keeping alligators as pets are examples of a. survival statutes. c. conversion.b. negligence. d. strict liability.

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____ 93. The remedies available in tort law usually includea. a public apology by the tortfeasor printed in the local newspaper.b. prison time for the tortfeasor.c. financial compensation to the victim for injuries caused by the tortfeasor.d. financial compensation for the victim and prison time for the tortfeasor.

____ 94. The taking back of an offer by the offeror isa. revocation. c. cancellation.b. rejection. d. consideration.

____ 95. A contract that amounts to nothing and has no legal effect isa. unenforceable. c. void.b. voidable. d. unilateral.

____ 96. A contract that contains a promise by both parties isa. express. c. bilateral.b. implied. d. unilateral.

____ 97. To be effective, an offer must be communicated to thea. attorney. c. lender.b. offeree. d. offeror.

____ 98. In order for the acceptance to be legally binding, it must bea. made in person and in writing by the offeree.b. unconditional and in writing by the offeror and offeree.c. made in person and follow the rules regarding the method of acceptance.d. unconditional and follow the rules regarding the method of acceptance.

____ 99. In China, when people sign a contract, it meansa. all parties know what to do and by when.b. they are ready to fulfill the contract.c. that everyone will complete the requirements of the contract. d. they simply want to do business with each other.

____ 100. In contract law, consideration can be defined as a. the thing of value promised in exchange for something else of value.b. anyone who enters into a legal contract has the ability to do so.c. contracts that involve illegal acts are not allowed.d. both parties communicating clearly when entering into a contract.

____ 101. Invitations to deal, trade, or make an offer by the seller are considered invitations a. of legality. c. to make a counteroffer.b. to negotiate. d. for consideration.

____ 102. The age of majority in most states isa. 16. c. 20.b. 18. d. 21.

____ 103. A minor who claims to be over the age of majority commitsa. fraud. c. extortion.b. misrepresentation. d. larceny by false pretenses.

____ 104. When a minor disaffirms a contract, the merchandise received upon entering the contract should bea. undamaged. c. paid for.b. returned. d. ratified.

____ 105. A minor is held responsible for the fair value ofa. athletic shoes. c. medical care.b. CDs. d. video games.

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____ 106. When a guardian is appointed by the court for a mentally impaired person, that person’s contracts are then declared a. voidable. c. void.b. binding. d. disaffirmed.

____ 107. Giving up something that one has a legal right to do is a type ofa. benefit. c. detriment.b. forbearance. d. obligation.

____ 108. A court may refuse to enforce a contract that it findsa. fair. c. inadequate.b. illusory. d. unconscionable.

____ 109. When a contract ends, it is said to bea. discharged. c. tendered.b. released. d. avoided.

____ 110. An offer to do what you have agreed to do under a contract is calleda. substantial performance. c. tender of performance.b. accord and satisfaction. d. satisfactory performance.

____ 111. Specific performance asks the court to order the other party in a contract toa. pay the contract in full. c. stop doing what the contract says.b. obey all injunctions immediately. d. do what he or she has agreed to do.

____ 112. Wrongful acts of one of the parties may discharge a contract bya. the Wrongful Act Statute. c. operation of law.b. the statute of limitations. d. mutual release.

____ 113. The legal transfer of a right under contract is called a(n)a. alteration. c. novation.b. assignment. d. delegation.

____ 114. Threats of a business nature that cause a person to enter into a contract without real consent would qualify asa. undue influence. c. economic duress.b. duress. d. fraud.

____ 115. A deliberate deception to secure unfair or unlawful gain is calleda. misrepresentation. c. a unilateral mistake.b. libel. d. fraud.

____ 116. Which of the following is NOT a remedy for a breach of contract?a. You may request the contract be continued.b. You may accept the breach.c. You may sue for damages.d. You may ask the court for a remedy.

CompletionComplete each statement.

125. The heart of the ____________________ is empathy, which means putting yourself in another’s situation.

126. The first amendments to the U.S. Constitution, which protect our individual freedom, are called the ____________________.

127. ____________________ are laws specifically passed by a governing body created for that purpose.

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128. According to the principle of ____________________ a person cannot be tried twice for the same crime in the same court.

129. In a civil case there are two types of ____________________: one is a payment of money and the other is some other action by the defendant.

130. The person being tried for a crime is called the ____________________.

131. A crime that is less serious and has a less severe penalty than a felony is a(n) ____________________.

132. A father who uses force to save his child from an attack may claim ____________________.

133. Killing someone without intending to do so is ____________________.

134. The removal or restraint of a person against that person's will is ____________________.

135. Shoplifting is a form of ____________________.

136. The willful and malicious burning of a house or building is ____________________.

137. Some states classify lesser crimes as minor misdemeanors or ____________________.

138. If you signed a false signature on a check intending to deceive someone, you would be committing ____________________.

139. When one person interferes with another's rights, either intentionally or negligently, a(n) ____________________ is committed.

140. Loud noises late at night, noxious odors, and fumes coming from a nearby house are all examples of ____________________.

141. The wrongful act of injuring another person's reputation by making false statements is known as ____________________.

142. If a wrongdoer has injured another party, a court will usually award ____________________ to the injured party.

143. ____________________ consists of lies about objects.

144. In a product liability case, both the seller and the ____________________ of the item are liable for injuries caused by the product.

145. Entering another person's land or property without permission is called ____________________.

146. Any agreement enforceable by law is a(n) ____________________.

147. People sometimes enter into ____________________ contracts without exchanging a word.

148. The offeree's refusal, or ____________________, of an offer ends that offer.

149. A contract is ____________________ if it can be canceled by one of the parties.

150. A(n) ____________________ contract is stated in words and may be either oral or written.

151. An offer must be definite, communicated to the offeree, and ____________________.

152. To fully understand the nature of contracts, we must understand the ____________________ that make up a contract.

153. After reaching the age of majority, a person may ____________________ a contract made during minority by using, selling, or keeping the item, or by making payments.

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154. Contracts made by a mentally ill person who has been declared insane by a court action are ____________________.

155. Consideration is the exchange of ____________________ and detriments by the parties to an agreement.

156. A contract in which one party has much more power than another is considered ____________________.

157. Minors must understand that driving is a(n) ____________________, not a right, and it must be earned.

158. Blake and Philip decide to legally settle their contractual dispute by having Blake accept as full payment $100 less than the amount in the original contract. This is called ___________________.

159. For valid ____________________, each party must give up something in order to get something in exchange.

160. As long as all terms have been carried out properly and completely, the contract is discharged by ____________________.

161. A(n) ____________________ is an agreement between two parties to end an agreement.

162. If the time for performance is not mentioned in a contract, the court will say the contract must be completed in a time that is suitable and fair, or in ____________________.

163. A(n) ____________________ mistake is an error on the part of one of the parties to a contract.

164. A person who intentionally fails to reveal an important fact is committing the fraud of ____________________.

165. When actual physical force is used to cause another to enter a contract, the contract is ____________________.

Matching

Match each term with its definition.a. substantive law f. general trial courtsb. appellate court g. ethicalc. alternative dispute resolution h. procedural lawd. constitution i. jurisdictione. precedent j. administrative law

____ 175. A document that spells out the principles by which the country’s, state’s, or local government operates____ 176. Rules and procedures established by regulatory agencies____ 177. Has two major divisions: civil and criminal____ 178. Tells us what the law is, not how the law works____ 179. State courts located in each county handling criminal and civil cases____ 180. A requirement for a judge to follow an earlier court decision when deciding a case with similar circumstances____ 181. Courts that review cases from lower courts____ 182. Changes in these standards often lead to new laws____ 183. Federal courts have this over patent and copyright cases____ 184. A substitute for a lawsuit used to resolve disagreements outside the court system

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Match each term with its definition.a. crime f. prosecutorb. insanity g. batteryc. infractions h. feloniesd. plaintiff i. manslaughtere. self-defense j. misdemeanor

____ 185. In court, the party that accuses a person of a crime____ 186. A type of defense for people who believe they were in danger and had no other choice but to use force to

protect themselves____ 187. Major crimes such as murder or rape____ 188. Killing someone without intending to do so____ 189. A type of defense for people who do not know what they are doing____ 190. An offense committed against the public good or society____ 191. Sometimes called the district attorney; represents the people____ 192. A speeding ticket and other minor traffic violations are examples____ 193. Less serious crimes such as driving without a license____ 194. The forceful and unlawful touching of another person

Match each term with its definition.a. intentional tort f. duty of careb. strict liability g. proximate causec. nuisance h. contributory negligenced. defamation i. comparative negligencee. negligence j. assumption of risk

____ 195. The obligation to use a reasonable standard to prevent injury to others____ 196. Anything that interferes with the enjoyment of life or property____ 197. Negligence of each party is compared, and the amount of the plaintiff's recovery is reduced by the percent of

his or her negligence____ 198. The failure to exercise the degree of care that a reasonable person would have exercised in the same

circumstances____ 199. Behavior by the plaintiff that helped to cause the injury____ 200. Actions that are deliberate and cause hurt or embarrassment to others____ 201. When the plaintiff knew of the risk involved and still took a chance of being injured____ 202. The wrongful act of injuring another's reputation by making false statements____ 203. The legal connection between unreasonable conduct and the resulting harm____ 204. A legal doctrine that says some activities are so dangerous that liability will always follow

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Match each term with its definition.a. contract f. express contractb. offer g. implied contractc. acceptance h. counterofferd. mirror image rule i. revocatione. unilateral contract j. rejection

____ 205. A contract that comes about from the actions of the parties____ 206. The terms stated in the acceptance must match the terms of the offer____ 207. A refusal of an offer by the offeree that brings the offer to an end____ 208. Any agreement enforceable by law____ 209. A response to an offer that changes the terms of the original offer____ 210. Unqualified willingness to go along with an offer____ 211. Contains a promise by only one person to do something when the other party performs some act____ 212. Proposal by one party to another party to enter into a contract____ 213. The taking back of an offer by the offeror____ 214. A contract stated in words; may be oral or written

Match each term with its definition.a. capacity f. adhesion contractb. disaffirm g. ratificationc. forbearance h. promissory estoppeld. consideration i. Statute of Fraudse. unconscionable contract j. illegality

____ 215. The act of agreeing to go along with a contract that could have been voided____ 216. When the consideration is so out of line that it shocks the court____ 217. A take-it-or-leave-it offer____ 218. Legal ability to enter a contract____ 219. Can destroy an otherwise valid contract____ 220. The principle that a promise made without consideration my be enforced to prevent injustice____ 221. A state law that requires certain laws be in writing____ 222. Not doing what you have the right to do____ 223. To show the intent not to live up to a contract____ 224. The exchange of benefits and detriments by the parties to the contract

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Match each term with its definition.a. discharge by agreement f. tenderb. performance g. undue influencec. assignment h. breach of contractd. delegation i. statute of limitationse. substantial performance j. fraud

____ 225. When the party completes the major requirements of a contract with only a few minor details remaining____ 226. The transfer of a duty under a contract____ 227. A deliberate deception intended to serve an unfair gain____ 228. A time limit for suing in a civil case____ 229. Both parties agree to end the contract____ 230. The transfer of a right under a contract____ 231. Actions that make inappropriate use of one person’s power over another____ 232. An offer to do what you have agreed to do under a contract____ 233. When the parties fulfill the terms of a contract by doing what they promised earlier____ 234. When a person fails to perform the duties of the contract

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Business Law - Final Exam Study GuideAnswer Section

TRUE/FALSE

1. ANS: F PTS: 1 DIF: 1 REF: 10NAT: NBEA IB2a

2. ANS: F PTS: 1 DIF: 1 REF: 193. ANS: T PTS: 1 DIF: 2 REF: 13

NAT: NBEA IB3d | NBEA IC | NBEA IC1a | NBEA IC2a4. ANS: T PTS: 1 DIF: 2 REF: 9

NAT: NBEA IA3a5. ANS: F PTS: 1 DIF: 1 REF: 106. ANS: F PTS: 1 DIF: 2 REF: 9-14

NAT: NBEA IB7. ANS: T PTS: 1 DIF: 2 REF: 10

NAT: NBEA IB3b8. ANS: T PTS: 1 DIF: 2 REF: 149. ANS: F PTS: 1 DIF: 2 REF: 20-21

10. ANS: T PTS: 1 DIF: 2 REF: 22NAT: NBEA ID3d | NBEA ID3e

11. ANS: T PTS: 1 DIF: 1 REF: 3512. ANS: T PTS: 1 DIF: 1 REF: 3813. ANS: F PTS: 1 DIF: 2 REF: 4014. ANS: T PTS: 1 DIF: 1 REF: 42

NAT: NBEA IE2b15. ANS: T PTS: 1 DIF: 1 REF: 44

NAT: NBEA IE2b16. ANS: F PTS: 1 DIF: 2 REF: 45

NAT: NBEA IE2b | NBEA IE3a17. ANS: T PTS: 1 DIF: 2 REF: 45

NAT: NBEA IE2b18. ANS: F PTS: 1 DIF: 2 REF: 3519. ANS: T PTS: 1 DIF: 2 REF: 3620. ANS: F PTS: 1 DIF: 2 REF: 3721. ANS: T PTS: 1 DIF: 1 REF: 5522. ANS: T PTS: 1 DIF: 2 REF: 5823. ANS: F PTS: 1 DIF: 2 REF: 5824. ANS: T PTS: 1 DIF: 2 REF: 6325. ANS: T PTS: 1 DIF: 2 REF: 56 | 61

NAT: NBEA IE3d26. ANS: F PTS: 1 DIF: 2 REF: 62

NAT: NBEA IE3e27. ANS: F PTS: 1 DIF: 1 REF: 5528. ANS: T PTS: 1 DIF: 1 REF: 5529. ANS: T PTS: 1 DIF: 2 REF: 6530. ANS: F PTS: 1 DIF: 2 REF: 61

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NAT: NBEA IE3d31. ANS: F PTS: 1 DIF: 1 REF: 82

NAT: NBEA IIA3a32. ANS: F PTS: 1 DIF: 2 REF: 8233. ANS: F PTS: 1 DIF: 2 REF: 8334. ANS: T PTS: 1 DIF: 1 REF: 85

NAT: NBEA IIA3a35. ANS: T PTS: 1 DIF: 1 REF: 9036. ANS: F PTS: 1 DIF: 1 REF: 90

NAT: NBEA IIA3b37. ANS: T PTS: 1 DIF: 1 REF: 8438. ANS: F PTS: 1 DIF: 2 REF: 8639. ANS: T PTS: 1 DIF: 1 REF: 8840. ANS: T PTS: 1 DIF: 1 REF: 88

NAT: NBEA IIA3b41. ANS: T PTS: 1 DIF: 1 REF: 102

NAT: NBEA IIA3f42. ANS: F PTS: 1 DIF: 2 REF: 104

NAT: NBEA IIA3f43. ANS: T PTS: 1 DIF: 2 REF: 10344. ANS: F PTS: 1 DIF: 3 REF: 11645. ANS: T PTS: 1 DIF: 2 REF: 105

NAT: NBEA IIA3g46. ANS: F PTS: 1 DIF: 1 REF: 104

NAT: NBEA IIA3f47. ANS: T PTS: 1 DIF: 1 REF: 101

NAT: NBEA IIA3f | NBEA IIA3g48. ANS: T PTS: 1 DIF: 1 REF: 11649. ANS: F PTS: 1 DIF: 2 REF: 117

NAT: NBEA IIA3h50. ANS: F PTS: 1 DIF: 1 REF: 10251. ANS: F PTS: 1 DIF: 1 REF: 13152. ANS: T PTS: 1 DIF: 2 REF: 13253. ANS: F PTS: 1 DIF: 2 REF: 13354. ANS: T PTS: 1 DIF: 1 REF: 13555. ANS: T PTS: 1 DIF: 1 REF: 136

NAT: NBEA IIA3o56. ANS: F PTS: 1 DIF: 1 REF: 141

NAT: NBEA IIA3d57. ANS: T PTS: 1 DIF: 1 REF: 144

NAT: NBEA IIA3d58. ANS: F PTS: 1 DIF: 1 REF: 144

NAT: NBEA IIA3d59. ANS: T PTS: 1 DIF: 1 REF: 14560. ANS: F PTS: 1 DIF: 2 REF: 14661. ANS: T PTS: 1 DIF: 2 REF: 327

NAT: NBEA IIIB1a | NBEA IIIB2a62. ANS: F PTS: 1 DIF: 2 REF: 331

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NAT: NBEA IIIB3j63. ANS: T PTS: 1 DIF: 1 REF: 338

NAT: NBEA IIIB3e | NBEA IIIB3f64. ANS: F PTS: 1 DIF: 2 REF: 339

NAT: NBEA IIIB3c65. ANS: T PTS: 1 DIF: 1 REF: 32866. ANS: F PTS: 1 DIF: 2 REF: 34167. ANS: T PTS: 1 DIF: 2 REF: 330

NAT: NBEA IIIB3j68. ANS: F PTS: 1 DIF: 2 REF: 33369. ANS: T PTS: 1 DIF: 2 REF: 334

NAT: NBEA IIIB3g70. ANS: F PTS: 1 DIF: 2 REF: 336

MULTIPLE CHOICE

71. ANS: C PTS: 1 DIF: 2 REF: 11NAT: NBEA IB

72. ANS: D PTS: 1 DIF: 2 REF: 1173. ANS: D PTS: 1 DIF: 3 REF: 24

NAT: NBEA IE2a74. ANS: C PTS: 1 DIF: 3 REF: 27

NAT: NBEA IC3b75. ANS: B PTS: 1 DIF: 2 REF: 24

NAT: NBEA ID3f76. ANS: C PTS: 1 DIF: 2 REF: 17-19

NAT: NBEA IC3d | NBEA ID3f77. ANS: C PTS: 1 DIF: 1 REF: 11

NAT: NBEA IB2b78. ANS: D PTS: 1 DIF: 3 REF: 42

NAT: NBEA IE2b79. ANS: C PTS: 1 DIF: 2 REF: 3580. ANS: B PTS: 1 DIF: 1 REF: 3981. ANS: B PTS: 1 DIF: 2 REF: 43

NAT: NBEA IE2b82. ANS: D PTS: 1 DIF: 1 REF: 44

NAT: NBEA IE2b | NBEA IE3a83. ANS: C PTS: 1 DIF: 2 REF: 4284. ANS: B PTS: 1 DIF: 1 REF: 4685. ANS: D PTS: 1 DIF: 1 REF: 3586. ANS: C PTS: 1 DIF: 1 REF: 5987. ANS: A PTS: 1 DIF: 1 REF: 5888. ANS: B PTS: 1 DIF: 3 REF: 64

NAT: NBEA IE3f89. ANS: D PTS: 1 DIF: 2 REF: 62

NAT: NBEA IE3e90. ANS: C PTS: 1 DIF: 2 REF: 63

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91. ANS: A PTS: 1 DIF: 3 REF: 56NAT: NBEA IE3c

92. ANS: D PTS: 1 DIF: 2 REF: 64NAT: NBEA IE3f

93. ANS: C PTS: 1 DIF: 3 REF: 56NAT: NBEA IE3g

94. ANS: A PTS: 1 DIF: 1 REF: 9195. ANS: C PTS: 1 DIF: 2 REF: 8496. ANS: C PTS: 1 DIF: 1 REF: 85

NAT: NBEA IIA3a97. ANS: B PTS: 1 DIF: 1 REF: 89

NAT: NBEA IIA3b98. ANS: D PTS: 1 DIF: 2 REF: 89

NAT: NBEA IIA3b99. ANS: D PTS: 1 DIF: 3 REF: 92

NAT: NBEA IIA3p100. ANS: A PTS: 1 DIF: 2 REF: 83101. ANS: B PTS: 1 DIF: 2 REF: 88102. ANS: B PTS: 1 DIF: 1 REF: 103103. ANS: A PTS: 1 DIF: 2 REF: 103104. ANS: B PTS: 1 DIF: 2 REF: 104

NAT: NBEA IIA3f105. ANS: C PTS: 1 DIF: 1 REF: 104106. ANS: C PTS: 1 DIF: 2 REF: 102107. ANS: C PTS: 1 DIF: 3 REF: 116108. ANS: D PTS: 1 DIF: 2 REF: 117109. ANS: A PTS: 1 DIF: 1 REF: 131110. ANS: C PTS: 1 DIF: 1 REF: 132111. ANS: D PTS: 1 DIF: 1 REF: 147112. ANS: C PTS: 1 DIF: 1 REF: 135113. ANS: B PTS: 1 DIF: 1 REF: 137114. ANS: C PTS: 1 DIF: 1 REF: 144

NAT: NBEA IIA3d115. ANS: D PTS: 1 DIF: 1 REF: 141

NAT: NBEA IIA3d116. ANS: A PTS: 1 DIF: 2 REF: 145

NAT: NBEA IIA3o117. ANS: A PTS: 1 DIF: 1 REF: 328

NAT: NBEA IIIB2b118. ANS: B PTS: 1 DIF: 2 REF: 331

NAT: NBEA IIIB3j119. ANS: D PTS: 1 DIF: 1 REF: 338

NAT: NBEA IIIB3a | NBEA IIIB3d120. ANS: D PTS: 1 DIF: 2 REF: 339

NAT: NBEA IIIB3g121. ANS: B PTS: 1 DIF: 2 REF: 328

NAT: NBEA IIIB2b122. ANS: B PTS: 1 DIF: 2 REF: 330

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NAT: NBEA IIIB3j123. ANS: D PTS: 1 DIF: 2 REF: 333

NAT: NBEA IIIB3g124. ANS: A PTS: 1 DIF: 2 REF: 336

COMPLETION

125. ANS: Golden Rule

PTS: 1 DIF: 1 REF: 7126. ANS: Bill of Rights

PTS: 1 DIF: 1 REF: 10127. ANS: Statutes

PTS: 1 DIF: 2 REF: 18 NAT: NBEA IB3b128. ANS: double jeopardy

PTS: 1 DIF: 2 REF: 12129. ANS: remedies

PTS: 1 DIF: 2 REF: 24130. ANS: defendant

PTS: 1 DIF: 1 REF: 35131. ANS: misdemeanor

PTS: 1 DIF: 1 REF: 35132. ANS: defense of family members

PTS: 1 DIF: 1 REF: 40133. ANS: manslaughter

PTS: 1 DIF: 1 REF: 42134. ANS: kidnapping

PTS: 1 DIF: 1 REF: 43 NAT: NBEA IE2b135. ANS: larceny

PTS: 1 DIF: 2 REF: 44136. ANS: arson

PTS: 1 DIF: 1 REF: 45 NAT: NBEA IE3a137. ANS: petty offenses

PTS: 1 DIF: 2 REF: 35138. ANS: forgery

PTS: 1 DIF: 2 REF: 45 NAT: NBEA IE3a

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139. ANS: tort

PTS: 1 DIF: 1 REF: 55140. ANS: nuisance

PTS: 1 DIF: 1 REF: 59141. ANS: defamation

PTS: 1 DIF: 1 REF: 58142. ANS: monetary damages

PTS: 1 DIF: 1 REF: 56143. ANS: Disparagement

PTS: 1 DIF: 1 REF: 59144. ANS: manufacturer

PTS: 1 DIF: 2 REF: 64145. ANS: trespass

PTS: 1 DIF: 1 REF: 59146. ANS: contract

PTS: 1 DIF: 1 REF: 82 NAT: NBEA IIA1a147. ANS: implied

PTS: 1 DIF: 1 REF: 85 NAT: NBEA IIA3a148. ANS: rejection

PTS: 1 DIF: 1 REF: 92149. ANS: voidable

PTS: 1 DIF: 1 REF: 84-85150. ANS: express

PTS: 1 DIF: 1 REF: 85 NAT: NBEA IIA3a151. ANS: seriously intended

PTS: 1 DIF: 2 REF: 88152. ANS: elements

PTS: 1 DIF: 1 REF: 82-83153. ANS: ratify

PTS: 1 DIF: 1 REF: 104154. ANS: void

PTS: 1 DIF: 1 REF: 102 NAT: NBEA IIA3g155. ANS: benefits

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PTS: 1 DIF: 1 REF: 116156. ANS: unconscionable

PTS: 1 DIF: 1 REF: 117157. ANS: privilege

PTS: 1 DIF: 1 REF: 104 NAT: NBEA IIA3h158. ANS: accord and satisfaction

PTS: 1 DIF: 2 REF: 120159. ANS: consideration

PTS: 1 DIF: 1 REF: 116160. ANS: complete performance

PTS: 1 DIF: 2 REF: 131161. ANS: mutual release

PTS: 1 DIF: 1 REF: 133162. ANS: reasonable time

PTS: 1 DIF: 1 REF: 131163. ANS: unilateral

PTS: 1 DIF: 1 REF: 143 NAT: NBEA IIA3d164. ANS: concealment

PTS: 1 DIF: 2 REF: 142 NAT: NBEA IIA3d165. ANS: void

PTS: 1 DIF: 2 REF: 144 NAT: NBEA IIA3d166. ANS: National Labor Relations Board

PTS: 1 DIF: 3 REF: 330 NAT: NBEA IIIB3j167. ANS: implied covenant

PTS: 1 DIF: 2 REF: 329 NAT: NBEA IIIB2c168. ANS: implied contract

PTS: 1 DIF: 2 REF: 328 NAT: NBEA IIIB2b169. ANS: Taft-Hartley

PTS: 1 DIF: 2 REF: 331 NAT: NBEA IIIB3j170. ANS: Fourth

PTS: 1 DIF: 1 REF: 336 NAT: NBEA IIIB3e171. ANS: safety

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PTS: 1 DIF: 1 REF: 333172. ANS:

EPAEnvironmental Protection Agency

PTS: 1 DIF: 2 REF: 333173. ANS:

EEOCEqual Employment Opportunity Commission

PTS: 1 DIF: 2 REF: 338-339174. ANS:

ADAAmericans with Disabilities Act

PTS: 1 DIF: 2 REF: 340 NAT: NBEA IIIB3f

MATCHING

175. ANS: D PTS: 1 REF: 9 NAT: NBEA IB2a | NBEA IB3c176. ANS: J PTS: 1 REF: 16177. ANS: H PTS: 1 REF: 20 NAT: NBEA ID178. ANS: A PTS: 1 REF: 20 NAT: NBEA IE179. ANS: F PTS: 1 REF: 19180. ANS: E PTS: 1 REF: 11 NAT: NBEA IB3d181. ANS: B PTS: 1 REF: 16 NAT: NBEA IC3c | NBEA ID3f182. ANS: G PTS: 1 REF: 9 NAT: NBEA IA2a183. ANS: I PTS: 1 REF: 16 NAT: NBEA IC3a184. ANS: C PTS: 1 REF: 21 NAT: NBEA ID3b

185. ANS: D PTS: 1 DIF: 1186. ANS: E PTS: 1 DIF: 1187. ANS: H PTS: 1 DIF: 1 NAT: NBEA IE2b188. ANS: I PTS: 1 DIF: 1189. ANS: B PTS: 1 DIF: 1190. ANS: A PTS: 1 DIF: 1191. ANS: F PTS: 1 DIF: 1192. ANS: C PTS: 1 DIF: 1193. ANS: J PTS: 1 DIF: 1194. ANS: G PTS: 1 DIF: 1

195. ANS: F PTS: 1 DIF: 1196. ANS: C PTS: 1 DIF: 1197. ANS: I PTS: 1 DIF: 1198. ANS: E PTS: 1 DIF: 1 NAT: NBEA IE3d199. ANS: H PTS: 1 DIF: 1200. ANS: A PTS: 1 DIF: 1 NAT: NBEA IE3d201. ANS: J PTS: 1 DIF: 1

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202. ANS: D PTS: 1 DIF: 1203. ANS: G PTS: 1 DIF: 1 NAT: NBEA IE3e204. ANS: B PTS: 1 DIF: 1

205. ANS: G PTS: 1 DIF: 1 NAT: NBEA IIA3a206. ANS: D PTS: 1 DIF: 1207. ANS: J PTS: 1 DIF: 1208. ANS: A PTS: 1 DIF: 1209. ANS: H PTS: 1 DIF: 1210. ANS: C PTS: 1 DIF: 1 NAT: NBEA IIA3b211. ANS: E PTS: 1 DIF: 1212. ANS: B PTS: 1 DIF: 1 NAT: NBEA IIA3b213. ANS: I PTS: 1 DIF: 1214. ANS: F PTS: 1 DIF: 1 NAT: NBEA IIA3a

215. ANS: G PTS: 1 DIF: 1216. ANS: E PTS: 1 DIF: 1217. ANS: F PTS: 1 DIF: 1218. ANS: A PTS: 1 DIF: 1219. ANS: J PTS: 1 DIF: 1220. ANS: H PTS: 1 DIF: 1221. ANS: I PTS: 1 DIF: 1222. ANS: C PTS: 1 DIF: 1223. ANS: B PTS: 1 DIF: 1224. ANS: D PTS: 1 DIF: 1

225. ANS: E PTS: 1 DIF: 1226. ANS: D PTS: 1 DIF: 1227. ANS: J PTS: 1 DIF: 1 NAT: NBEA IIA3d228. ANS: I PTS: 1 DIF: 1229. ANS: A PTS: 1 DIF: 1230. ANS: C PTS: 1 DIF: 1231. ANS: G PTS: 1 DIF: 1 NAT: NBEA IIA3d232. ANS: F PTS: 1 DIF: 1233. ANS: B PTS: 1 DIF: 1234. ANS: H PTS: 1 DIF: 1 NAT: NBEA IIA3o

235. ANS: C PTS: 1 DIF: 1 NAT: NBEA IIIB3i236. ANS: F PTS: 1 DIF: 1 NAT: NBEA IIIB2b237. ANS: H PTS: 1 DIF: 1238. ANS: J PTS: 1 DIF: 1 NAT: NBEA IIIB3h239. ANS: A PTS: 1 DIF: 1 NAT: NBEA IIIB1a | NBEA IIIB2a240. ANS: I PTS: 1 DIF: 1 NAT: NBEA IIIB3h241. ANS: G PTS: 1 DIF: 1 NAT: NBEA IIIB2c242. ANS: B PTS: 1 DIF: 1243. ANS: E PTS: 1 DIF: 1 NAT: NBEA IIIB3b244. ANS: D PTS: 1 DIF: 1 NAT: NBEA IIIB3b

Page 21: Business Law Exam Study Guide 123456

Short Answer Questions. You need to know:

1. List the 5 main sources of law (ch 1)2. List at least 2 differences between a civil case and a criminal case court proceeding (ch 1)3. List, define and give an example of the 3 types of crimes (ch 2)4. List and explain the 4 elements of negligence (ch 3)5. List and explain the 6 elements of a contract (ch 4 & 5)6. List and explain the 4 basic rights afforded to all employees (ch 15)7. Choose a case from the list below. Explain who was involved, the court’s decision and the

reason the court gave for their decision.

a. Brown v Board of Edb. Roe v Wadec. Miranda v. Arizonad. United States v. Nixone. United States v. John w. Hinkleyf. Liebeck v. McDonalds Restaurantsg. Phillips v. Cricket Lightersh. Vokes v. Arthur Murrayi. Heiman v. Parrishj. Pavlicic v. Vogtsberger