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BUS 311 Week 4 Quiz (Two Sets). 2022
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BUS 311 Week 4 Quiz (Two Sets). 2022
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BUS 311 Week 4 QuizQuestion 1
Cary, Dean, and Madeline are partners in a furniture store. Madeline wants to buy some antiques
from an upcoming estate sale. Dean thinks it’s a good idea, but Cary says it is too pricey.
Madeline goes ahead and buys the antiques. Which of the following best describes the situation?
Cary will not be liable to the estate on the antiques contract.
The estate can hold the partnership liable, but Madeline has breached her duty to the
partnership.
All three partners must agree on the furniture purchase.
The partnership and all three partners will be liable on the contract for the antiques.
Question 2
Carmen tells Jason, “I just found out I have cancer and I probably only have a month to live, so
I’m giving you my oil painting, ‘Flowers in a Vase’.” Jason commiserates over her impending
death, thanks her, and takes the painting. This illustrates:
An irrevocable gift
Two of these
A revocable gift
A gift causa mortis
A gift inter vivos
Question 3
William, who wrote a novel twenty years ago about a school for magicians, sues J.K. Rowling,
author of the Harry Potter books, for copyright infringement. William will probably lose,
because
Rowling is very rich and can afford a better lawyer.
William wrote his book too many years ago.
William never registered his copyright.
Plots are not copyrightable.
Question 4
Which of the following is a partnership?
Allen, Bianca, and Caroline jointly run an organization offering free advice to LGBT
teenagers.
Jennifer and Brad each put in $20,000 to buy a high interest Certificate of Deposit,
intending to cash it at maturity and split the money equally.
, All of these are partnerships.
Peyton and Eli, who invest $50,000 and $75,000 respectively, buy a bookstore and run it
together.
Question 5
The power of the government to regulate what use real property may be used for is known as:
Adverse possession
Eminent domain
Community impact restriction
Zoning
Question 6
Which of the following has NOT been a criticism of the Supreme Court’s decision in Citizens
United v. Federal Election Commission?
It allowed corporations to play too major a role in political campaigns.
It overly restricted freedom of speech.
It allowed too much anonymity in money spent to influence campaigns.
All persons’ rights are not identical.
Question 7
Cary, Dean, and Madeline are partners in a furniture store. While on his way to deliver some
furniture to a customer, Cary accidentally runs over Pamela Pedestrian. Pamela sues the
partnership. Which of the following is true?
Cary is liable to Pamela.
All three partners are liable to Pamela.
Cary is liable to his partners for breaching his duty as an agent for the partnership.
All of these
Question 8
A trademark is an example of:
Correct!
Intellectual property
Tangible property
Real property
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