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Exam (elaborations)

Exam- Business Law Midterm Test with Solutions

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  • Business Law

Exam- Business Law Midterm Test with Solutions

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  • September 10, 2024
  • 42
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Business law
  • Business law
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Exam- Business Law Midterm Test with Solutions

James 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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