Straighterline Business
BUS 101 Straighterline Intro to Business
Exam
Course Title and Number: BUS 101 Straighterline
Intro to Business Exam
Exam Title: BUS 101 Straighterline Intro to Business Exam
Exam Date: Exam 2024- 2025
Instructor: [Insert Instructor’s Name]
Student Name: [Insert Student’s Name]
Student ID: [Insert Student ID]
Examination
180 minutes
Instructions:
1. Read each question carefully.
2. Answer all questions.
3. Use the provided answer sheet to mark your responses.
4. Ensure all answers are final before submitting the exam.
5. Please answer each question below and click Submit when you
have completed the Exam.
6. This test has a time limit, The test will save and submit
automatically when the time expires
7. This is Exam which will assess your knowledge on the course
Learning Resources.
Good Luck!
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, Straighterline Business 2025-2025
BUS 101 Straighterline Business Law Exam Review
Questions and Answers | 100% Pass Guaranteed |
Graded A+ |
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
Stare decisis: - Answer>> Lends predictability to
decisional law by relying on prior decisions
When a contract is partly printed and partly written: -
Answer>> The written terms control the printed terms
Tony contracted to buy wheat from farmer Brown. It
was contracted that Toby would pay farmer Brown,
three days after the delivery of the wheat. Brown's
delivery would be a _____ of Tony's duty to pay. -
Answer>> Constructive condition precedent
Notice to the promisor is important to address the
issue/s of: - Answer>> Liability and priority
Harry Hotdog is hired as an accountant by a large
Indianapolis-based accounting firm. The firm's attorney
drafts an employment contract which contains the
following clause: "Employee agrees that he will not
engage in the practice of accounting in Indianapolis for
one year after termination of his employment with this
firm." Hotdog signs the contract, works for six months
and then resigns and opens his own accounting firm in
Indianapolis. His former employer sues him for breach
of contract and is likely to: - Answer>> Win, if the
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,restriction is found to be reasonable in duration and
area
The word "Mitigate" denotes: - Answer>> A legal term
which means to reduce, avoid or minimize
The time limit set by the UCC statute of limitations for
contracts involving the sale of goods is: - Answer>> Four
years
Paulsen and Warren enter into a written contract.
Warren later sues Paulsen for breaking a certain oral
promise that Warren alleges is part of their deal.
Paulsen's oral promise is not included in the terms of
the written contract. At trial, Warren attempts to
introduce evidence about the oral promise and
Paulsen's attorney objects to the admission of the
evidence on the ground that it violates the parol
evidence rule. A court would refuse to admit evidence
about Paulsen's oral promise if: - Answer>> The oral
promise was made before the written contract was
signed and contradicts a term of the written contract
Exculpatory clauses are generally unenforceable: -
Answer>> If written to avoid charges of fraud and willful
misconduct
Why are contracts not to compete with a buyer of a
business or an employer assignable? - Answer>> To
protect the goodwill of the business
Unconscionable or adhesion contract is the action
involved in: - Answer>> Contracts resulting from unequal
bargaining power
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, "Parol evidence" refers to: - Answer>> The idea that
when the parties to an agreement have expressed their
agreement in a complete, unambiguous writing, the
writing is the best evidence of their intent
In which of the following situations would a writing, not
satisfy the statute of frauds? - Answer>> If it were signed
only by the party suing to enforce it and not by the
party to be charged
Farmer Logan had agreed to supply maize to Roxy Inc.
There was a terrible winter in his state which destroyed
his crop and later he fell sick and ultimately died.
Farmer Logan can be excused for nonperformance on
grounds of: - Answer>> Illness or death of the promisor
Miriam makes an oral agreement with John to sell him
200 acres of prime farmland for a mere $500. Their
agreement is: - Answer>> Is unenforceable as it lacks a
writing as required by the statute of frauds
Which of the following statements is true of the
adversary system? - Answer>> The adversary system
represents the idea that truth is best discovered
through the presentation of competing ideas
In order to appeal a decision: - Answer>> A party must
claim that the court made an error of law or that the
evidence in the trial did not support the trial court's
decision
A useful tool for understanding and persuading which
combines basic analytical thinking with recognition of
the special features of the underlying legal system is: -
Answer>> Legal reasoning
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