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BLAW 3310- Exam 3 Questions with Accurate Answers 2024
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Exam of 6 pages for the course BLAW 3310 at BLAW 3310 (BLAW 3310- Exam 3)
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BLAW 3310- Exam 3Anna enters into a promissory to borrow $10,000 from John and will pay him back with ten consecutive $1,000 monthly payments without interest. Ann delivers to John a check drawn on her Chase Bank account for the correct amount on the first payment date. John(holder &payee) takes it to his bank and deposits it. Anna is properly called in
order in time both a _____ and a ______ under these two types of negotiable instruments. - answer Maker....drawer
Julie is owed child support by Bob under the terms of their divorce decree. He is behind $25,000 in support payments owed to her. She obtains an order of garnishment against American Airlines where he works for $1,000 weekly (net). The maximum amount she can garnish weekly is: - answer $250 (25%)
ABC Company employs John as its driver who makes deliveries all over the DFW-area in the company van. John has a bad wreck one day while making a delivery in the company van and hurts Susan. She will likely argue that _______ is liable under the doctrine of ____________. - answer ABC...respondeat superior
Jay gives his brother Allen a written document allowing Jay only to sell Allen's Florida house i.e. to sign Jay's name to all required documents. This called a ___________________. - answer Limited power of attorney
Texas employers can terminate an employee at any time for any reason. This is called________. - answer Employment-at-will doctrine
The Family Medical Leave Act (FMLA) requires that certain employers must provide an employee with up to ______________________. - answer 12 weeks off work with no
pay
On June 1,2019 Anna placed $100,000 into Wells Fargo National Bank and was given a
Certificate of Deposit saying she must leave the funds on deposit until June 1,2020 where they will earn 3.0% per annum interest. On December 1,2019 she must withdraw all of her available funds to pay for an operation. She will be able to withdraw ________at that time. - answer $100,000
A contractual obligation of buyer to make a payment to seller for the price for goods purchased can be terminated entirely by operation of law in the event of___________. - answer A discharge in bankruptcy filed by buyer ABC Company is asked to construct an elevator for its one disabled employee who has an impairment in walking. It refuses to do so and claims this is too expensive. This is based on its defense of _________________. - answer Undue hardship to ABC
ERISA vesting requirements determine the employee's right to _______________. - answer Own as their own funds the employer's past contributions to their retirement plan(no more than 5 years)
A franchisor must make certain written, advance disclosures to prospective franchisees about itself under the requirement of the _______________ enforced by _______________. - answer Franchise Rule...Federal Trade Commission
Which statement about Title 7 of the 1964 Civil Rights Act is true? . - answer Title 7 prohibits discrimination based on sexual orientation as that is "sex discrimination"
One June 1, 2019, Anna placed $100,000 into Wells Fargo National Bank (Bank) and was given a Certificate of Deposit saying she must leave the funds on deposit until June
1, 2020, where they will earn 3.0% per annum interest. Anna files bankruptcy on December 1, 2019. On June 1,2020 she will be paid ____, by the Bank. - answer $103,000
The National Labor Relations Act and The Fair Labor Standards Act were adopted in - answer 1930s
ABC Company has 100 hourly wage employees working on the plant floor in its factory. Also, there are 10 company managers, vice presidents, or white-collar office employees. A labor organization (Union) has a secret ballot election in which it wins 60% of the votes in the unit. The Union will now automatically represent ____ employees. - answer 100(all of them) since they won majority vote which must be more than 50%
ABS Corporation has a large factory in pecos, Texas employing 500 people. It intends to shut down the entire facility on October 1,2021. Under the WARN Act ABC must give written notice to the employees of its intended plant closure on or before approximately - answer August 1, 2021 (60 days)
Bankruptcy Code - answer title 11 of the US code- the federal statute that governs the bankruptcy process( no Texas bankruptcy courts and shows up in your credit report for only 7 years)
Garnishment - answer a legal process that allows 25% at most that can be taken from your paycheck to be withheld for payment of a debt
principal-agent problem - answer problem in which an agent(employee) performing activities on behalf of a principal(company/employer) pursues his or her own interests
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