Exam (elaborations)

BUSINESS LAW Final Exam Practice Questions

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Course
Business law

Institution
Business Law

1 BUSINESS LAW Final Exam Practice Questions2 BUSINESS LAW – Bus 340 PRACTICE QUESTIONS The following practice questions, both the question type and content, are similar to the type and format of questions on the final exam. Please use them a study aid to prepare for the final exam. 1. ...

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BUSINESS LAW
Final Exam
Practice
Questions

1

,BUSINESS LAW – Bus 340

PRACTICE QUESTIONS

The following practice questions, both the question type and content, are similar
to the type and format of questions on the final exam. Please use them a study
aid to prepare for the final exam.

1. In a civil lawsuit against Ellen, Fred obtains an injunction, which is:
a. a remedy at law.
b. an equitable remedy.
c. not possible under our U.S. system of jurisprudence.
d. none of the above.

2. Our society has laws for which of the following reasons:

a. to provide stability and predictability in personal and business
affairs.
b. to provide society with guidance as to what acts are considered
legally http://www.mangahere.co/manga/fairy_tail/v38/c384/right
and legally wrong.
c. to provide penalties and sanctions for wrongful acts.
d. all of the above.

3. Common law rules develop from:

a. statutes enacted by Congress and the state legislatures.
b. the principles behind the decisions in hypothetical disputes.
c. the principles behind judicial decisions in actual legal disputes.
d. propositions voted on by state residents and enacted into law.

4. What is the doctrine under which judges are obligated to follow the
precedents established in prior decisions?

a. stare decisis.
b. res ipsa loquitur.
c. commom law
d. post hoc.

5. In a particular case, if a court decides that an established rule of precedent is
incorrect or inapplicable, the court:

a. must refuse to decide the particular case.
b. must apply the precedent.
c. may rule contrary to the precedent.
d. must “stand on the decided case.”

2

,6. Statutory Law can best be defined as:

a. laws enacted by legislative bodies at any level of government.
b. a body of law created by administrative bodies in order to carry out
their duties and responsibilities.
c. rules of law announced or created in court decisions.
d. all of the above.

7. Primary sources of law include:

I. the U.S. Constitution and the constitutions of the various
states.
II. Statutes, or laws, passed by Congress and by state
legislatures.
III. Publications that summarize and interpret the law, such as
legal treatises and Restatements of Law.
IV. Regulations created by administrative agencies and
ordinances or other rules adopted by cities, counties
and special districts.

a. III only.
b. II, III, and IV.
c. I, II, III, and IV.
d. I, II, and IV only.

8. Ann convinces DD’s Cleaners, a dry-cleaning business, to enter into a long-
term purchase contract with her company, Chem-Clean, for dry-cleaning solution.
However, unknown to Ann, DD’s is only in her second year of a five-year contract
with Zed’s Solutions Inc., a dry-cleaning solution company that Ann is constantly
fighting for business. As a result of DD’s new contract with Ann, DD’s Cleaners
stops purchasing cleaning solution form Zed, breaching the current five-year
contract with Zed. Zed sues DD for breach of contract and Ann (Chem-Clean) for
wrongful interference with a contractual relation. Zed’s likelihood of success
against Ann (Chem-Clean) is:

a. very good – because Ann induced the breach of contract.
b. not good – because Ann did not have knowledge of the existing
contract.
c. very good – because all that Zed must show is that Ann reaped the
benefits of the broken contract.
d. a and c, but not b.

d. a and c but not b
Explanation:

3

, The reason behind this is because there had been a predetermined legal tender for the Zed
and so there aught to be a move to the completion without the interference of the breaching
of the contract by the third party involved.

9. Substantive Law can best be defined as:

a. body of law concerned with wrongs committed against the public as
a whole, which are enforced by local district attorney offices.
b. a body of law consisting of all laws that establish the methods of
enforcing the established rights and obligations.
c. a body of law consisting of laws that define, describe, regulate, and
create legal rights and obligations.
d. all of the above.

10. Irma files a civil action against Jim. To succeed, Irma must prove her case:

a. beyond a reasonable doubt.
b. by indisputable proof.
c. within an iota of truth.
d. by a preponderance of the evidence.

11. Dana, a resident of California, owns a farm in Oregon. A dispute arises over
the ownership of the farm with Bob, a resident of Nevada. Bob files suit against
Dana in Oregon. Regarding this suit, Oregon:

a. can exercise “long arm” jurisdiction.
b. can exercise in personam jurisdiction.
c. can exercise in rem jurisdiction.
d. cannot exercise jurisdiction.

12. Procedural Law can best be defined as:

a. the law that establishes the methods of enforcing the rights
established by substantive law.
b. the law that defines, describes, regulates, and creates legal rights
and obligations.
c. the law that requires that all similarly situated individuals be treated
similar.
d. none of the above.

13. An intentional tort must have which of the following elements:

a. volitional movement by the defendant which causes injury.
b. intent to commit an act which causes harmful or offensive contact.
c. failure to exercise the standard of care that a reasonable person
would exercise in similar circumstances creating a dangerous situation.
4

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