Law 531 final exam 1 - Study guides, Class notes & Summaries

LAW 531 ACTUAL FINAL EXAM 1) Which of the following is a distinguishing feature of a common law legal system? A. Requiring guilt be proven beyond a reasonable doubt B. The sole source of law is a comprehensive civil code C. An appeal process D. The making of law by the judges and the following of precedent 2) Which best describes the types of agency authority held by officers of a corporation? A. Vicarious authority B. Express and obvious authority C. Implied and app...

LAW 531 Final Exam 2018 1. The obligation owed by individuals to one another not to cause any unreasonable harm or any risk of harm is called: duty of care duty of restoration. duty of loyalty. duty of restitution. 2. Which of the following best describes the term warranty? It refers to the terms in a sales contract stipulating the party that will bear the risk of loss of goods during shipment. It is a purchaser’s title to goods obtained by the impersonation of another person. It is...

LAW 531 Final Exam 2018 1. The obligation owed by individuals to one another not to cause any unreasonable harm or any risk of harm is called: duty of care duty of restoration. duty of loyalty. duty of restitution. 2. Which of the following best describes the term warranty? It refers to the terms in a sales contract stipulating the party that will bear the risk of loss of goods during shipment. It is a purchaser’s title to goods obtained by the impersonation of another person. It is...

LAW 531 FINAL EXAM 2 1. What are the two categories of government regulations that pertain to businesses? a). General government regulations & specific government regulations b). Statutory law regulations & common law regulations c). Civil government regulations & criminal government regulations d). Public law regulations & private law regulations 2. In a survey of the nonattainment areas in the state, the agency found Helmont to be the district that exceeded the ozone standard by the...

LAW 531 Final Exam As of August 2016 University of Phoenix 25/30 (83.3%) 1. Ted is the president of Soprano Corporation (SC). Ted decided to have SC manufacture large, gas- guzzling SUV automobiles just before gasoline prices rose dramatically. As a result, SC lost billions of dollars. The shareholders of SC want to sue Ted for this bad decision that cost them billions. However, Ted had made a reasonable investigation before making this decision, he had a rational basis for it, & he had no co...

LAW 531 Final Exam As of August 2016 University of Phoenix 25/30 (83.3%) 1. Ted is the president of Soprano Corporation (SC). Ted decided to have SC manufacture large, gas- guzzling SUV automobiles just before gasoline prices rose dramatically. As a result, SC lost billions of dollars. The shareholders of SC want to sue Ted for this bad decision that cost them billions. However, Ted had made a reasonable investigation before making this decision, he had a rational basis for it, & he had no co...

LAW 531 Final Exam 1. The obligation owed by individuals to one another not to cause any unreasonable harm or any risk of harm is called: duty of care duty of restoration. duty of loyalty. duty of restitution. 2. Which of the following best describes the term warranty? It refers to the terms in a sales contract stipulating the party that will bear the risk of loss of goods during shipment. It is a purchaser’s title to goods obtained by the impersonation of another person. It is the ...

LAW 531 ACTUAL FINAL EXAM 1)Which of the following is a distinguishing feature of a common law legal system? A.Requiring guilt be proven beyond a reasonable doubt B.The sole source of law is a comprehensive civil code C.An appeal process D.The making of law by the judges and the following of precedent 2)Which best describes the types of agency authority held by officers of a corporation? A.Vicarious authority B.Express and obvious authority C.Implied and apparent aut...

LAW 531 Final Exam As of August 2016 University of Phoenix 25/30 (83.3%) 1. Ted is the president of Soprano Corporation (SC). Ted decided to have SC manufacture large, gas- guzzling SUV automobiles just before gasoline prices rose dramatically. As a result, SC lost billions of dollars. The shareholders of SC want to sue Ted for this bad decision that cost them billions. However, Ted had made a reasonable investigation before making this decision, he had a rational basis for it, & he had no co...

LAW 531 Final Exam 2018 1. The obligation owed by individuals to one another not to cause any unreasonable harm or any risk of harm is called: duty of care duty of restoration. duty of loyalty. duty of restitution. 2. Which of the following best describes the term warranty? It refers to the terms in a sales contract stipulating the party that will bear the risk of loss of goods during shipment. It is a purchaser’s title to goods obtained by the impersonation of another person. It is...