BUSINESS LAW 1
Kristin obtained a loan form a bank but she never received a statement telling her repayment terms and the annual percentage rate. Which law did this financial institution violate?
C Truth in lending law
What legal concepts did the United States adopt when it gained independence?
English Common Law
SCENARIO 3.02A Marlin asked Dory to sell his coral while he was vacationing in the Caribbean. When Dory agreed to become Marlin's agent, she had the power to legally bind Marlin to a sales contract. They had a voluntary. consensual relationship. Dory DID NOT receive payment for the service. In SCENARIO 3.02A, what term identifies Marlin?
What is principal
Wanda’s employer wants to pay her less than the minimum wage. Which law would Wanda use to protect her current wages from being changed to below minimum wage?
A. Child Labor Law
B. Fair Labor Standards Act
C. Payroll Deductions Act
D. The Employer Law
Fair Labor Standards
What is the purpose of bankruptcy laws?
Help the debtor overcome their debt
Walter sends a threatening letter to U.S. Supreme Court justice. Which agency would be responsible for providing protection to the judge?
US Marshall
Jack hacked into Ryan’s email account. He is demanding money or he will share embarrassing information. What cybercrime did Jack commit?
A. Cyber spoofing
B. Cyber piracy
C. Cyber blackmail
D. Cyber terrorism
C. cyber blackmail
Carter Construction is building the new civic arena. The construction is expected to take over two years to complete. The contract must be in writing according to which law?
Statute of Frauds
___________________ is government-regulated program that provides medical benefits and income to employees who are injured or acquire a disease as a result of their job.
Workers compensation
When Susan and Tom divorce, their child would like to live with the father. This is a factor when considering what?
Custody
SCENARIO 3.02A Marlin asked Dory to sell his coral while he was vacationing in the Caribbean. When Dory agreed to become Marlin's agent, she had the power to legally bind Marlin to a sales contract. They had a voluntary, consensual relationship. Dory DID NOT receive payment for the service. In SCENARIO 3.02A, what type of agent is Dory?
What is Gratuitous Agent
Medical researchers testing animals understand that they are helping thousands of people by harming a few animals. Which theory are they using?
Greatest good
Betty and John want to have a ceremonial marriage. Who can marry them?
Judge
Fran is 80 years old and has to go to the doctor every month for treatments. What type of social security
benefit will cover her?
Medicare
Disability
Medicaid
Medicare
In a bailment contract, explain the special duties of the bailee?
A. Pays for service received
B. Picks up goods in a reasonable time
C. Provides reasonable care
D. Warrants merchantability
C
Matthew lost his arm and leg in a farming accident. Which type of insurance will cover this loss?
Disability or Accidental death and dismemberment
Accidental death and dismemberment
U. S. President Johnson signed into law a bill that Congress sent to him. The Supreme Court declared the law unconstitutional a month later. Which government branch is Congress representing?
Legislative
Maria’s mother dies. Maria is left with her mother’s car and house. What is the car and house considered?:
C inheritance
Henry sent an email to his boss falsely accusing a co-worker of stealing office supplies. What cyber tort did Henry commit?
A. Identity theft
B. Cyber defamation
C. Cyber piracy
D. Cyber vandalism
B. Cyber defamation
Bobby’s uncle dies. Bobby received his uncle’s mansion. What term describes Bobby in this scenario?
a.Beneficiary
b.Dower
c.Heir
d.Fiduciary
Heir
An environmental group is suing to stop clear cutting of trees by a local developer. What type of remedy will they request?
Injunction
Specific performance
Punitive damages
Injunction
SCENARIO 3.02B Shaggy represented Scooby in a real estate transaction when Scooby sold his property to Scrappy-Doo. In SCENARIO 3.02B, who is the third party?
What is Scrappy-Doo
After being offered a new car at a discount, Lisa decided to turn down the offer. How was this contract terminated?
Rejection
Roger wants to purchase insurance that will provide financial support for his family in the event of his death. Which insurance should he purchase?
Life
Jennifer and Brad are shopping for a car at Dewey Auto Sales. Brad found a used car he liked. On the car window was a sign that said “AS IS”. What type of warranty did the car have?
Full Warranty
No Warranty
Limited Warranty
No Warranty