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Exam- Business Law Midterm Test with Solutions
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Exam- Business Law Midterm Test with Solutions
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Exam- Business Law Midterm Test with SolutionsJames and Kay enter into a contract for the sale of a bicycle, but Kay later refuses to deliver
the goods. James asks a court to order Kay to perform as promised. Ordering a party to
perform what was promised is:
a) an equitable remedy.
b) an unenforceable demand.
c) an action.
d) beyond the court's authority. Correct-a) an equitable remedy
Sustainable Crops Corporation regularly expresses opinions on political issues, including
whether to ban the use of genetically modified organisms (GMOs). Under the First
Amendment, corporate political speech is:
a) discouraged.
b) forbidden.
c) protected.
d) required. Correct-c) protected
, Exam- Business Law Midterm Test with Solutions
In most states, the courts no longer grant "equitable" remedies.
T or F Correct-False
Lyndon, a citizen of Maryland, obtains a federal license to operate a commercial fishing boat
in a certain area off the Maryland coast. The Maryland state legislature enacts a law that bans
all commercial fishing in that area. The state law most likely violates:
a) no provision in the U.S. Constitution.
b) the commerce clause.
c) the due process clause.
d) the supremacy clause Correct-d) the supremacy clause
The U.S. Constitution explicitly mentions a general right to privacy.
T or F Correct-False
, Exam- Business Law Midterm Test with Solutions
State laws protect individuals' privacy rights.
T or F Correct-True
The Fourteenth Amendment guarantees a right to due process of law.
T or F Correct-True
International law is the law of a foreign nation and varies from country to country.
T or F Correct-False
Charles is a federal judge whose judicial decisions are part of case law, which does not include
interpretations of:
a) regulations created by administrative agencies.
b) constitutional provisions.
, Exam- Business Law Midterm Test with Solutions
c) statutes enacted by legislatures.
d) parties' subjective motives for engaging in litigation. Correct-d) parties' subjective
motives for engaging in litigation.
Under the Constitution, the judicial branch interprets the laws.
T or F Correct-True
According to the view that New Allied Manufacturing Corporation is a "citizen," New Allied is
expected to:
a) participate in bettering communities and society.
b) primarily generate revenue for its owners.
c) have no responsibility other than profit maximization.
d) efficiently allocate scarce resources. Correct-a) participate in bettering communities and
society.
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