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Exam 21 :test Planning Table for Bonus Exam A

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Question 1

Multiple Choice

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You agree to sell your car to your neighbor for $5,000.You and your neighbor have provided each other:

A) duress.
B) consideration.
C) an endorsement.
D) an expressed warranty.

E) A) and B)
F) A) and C)

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Question 2

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When a person's or company's behavior causes unintentional harm or injury to others they are said to be __________ in tort law.

A) out-of-control
B) liable
C) negligent
D) purposeful

E) A) and C)
F) B) and D)

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Question 3

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________ is the process of eliminating laws and regulations that hinder competition.

The recent lawsuits against the tobacco industry are examples of tort law.

The holder of an exclusive copyright may charge a fee to anyone who wishes to use the copyrighted material.

Both the airline and telecommunications industries have been deregulated.

The financial claims of ________ are given priority when assets are distributed among creditors in a bankruptcy case.

__________ often help to pay for highway construction or improvements.

Common law is the body of law established through legislative action by Congress.

Another name for "sin tax" is "excise tax."

Affordable healthcare continues to be a hotly debated topic in the United States.At this time,the government has passed legislation known as the Patient Protection and Affordable Care Act.The legislation's purpose is:

One day as Brian was speaking with one of his customers a shriek went up from the other side of the restaurant.When he rushed over,he found that one of his customers had spilled hot tea on her arm.If this customer was so inclined,she could __________ and the court would likely find in her favor.

The federal government can levy a sin tax in an effort to encourage businesses to hire new employees.

Under contract law,"duress" means the presence of coercion through force or threat of force.

"Specific performance" means that a person who violates a contract is required to live up to the agreement even if money damages are adequate.

The Griggs v.Duke Power Company 1971) case established a precedent on the need to use job-related tests in employment practices.Similar court cases have been decided based on this decision.This is an example of:

Brian and Sondra own a very successful Cajun restaurant.They recently built their own building and own all of the decorations in the restaurant,along with the equipment needed to run the business.They will pay real property taxes on the building and land and personal property taxes on the decorations and equipment.

The Clayton Act of 1914 prohibits price discrimination.

Your 15-year-old brother comes home with the great news that he has decided to buy his first car and has just agreed to give $10,000 to a complete stranger.He signed the contract and just needs to pay the stranger and pick up the car.Your dad is upset and calls the stranger to tell him your brother will not be buying the car.The stranger can:

When John Dough was brought to court accused of robbing a bank,he was prosecuted under civil law.