contracts
For $100: What is 'consideration' in contract law?
Something of value exchanged between parties
Explanation:
Consideration refers to something of value exchanged by both parties, making the contract enforceable.
For $100: Which of the following is an example of intentional tort?
Battery
Explanation:
Battery is an intentional tort because it involves deliberate harmful or offensive contact.
For $100: What is a key advantage of forming an LLC?
Flexible management with limited liability
Explanation:
LLCs offer limited liability protection while allowing flexible management structures.
For $100: The Family and Medical Leave Act (FMLA) provides eligible employees with what benefit?
Up to 12 weeks of unpaid, job‑protected leave
Explanation:
The FMLA provides eligible employees with up to 12 weeks of unpaid, job‑protected leave for certain family and medical reasons.
A trademark protects which of the following?
Brand names and logos
Explanation:
Trademarks protect brand identifiers such as names, logos, and slogans.
For $200: A valid contract generally requires which of the following elements?
Offer, acceptance, and consideration
Explanation:
A contract must include an offer, acceptance, and consideration to be enforceable.
For $200: What is the primary purpose of tort law?
Business Organizations — For $200: Which business structure is owned and operated by a single individual?
Sole proprietorship
Explanation:
A sole proprietorship is owned and run by one person with no legal distinction between owner and business.
For $200: Which federal agency enforces laws against workplace discrimination?
EEOC
Explanation:
The EEOC (Equal Employment Opportunity Commission) enforces federal anti-discrimination laws in the workplace.
For $200: Copyright protection applies to which type of work?
Original creative works fixed in a tangible medium
Explanation:
Copyright protects original creative works that are fixed in a tangible medium, such as writing, music, and art.
For $300: What is the 'mirror image rule'?
Acceptance must match the offer exactly
Explanation:
The mirror image rule requires that acceptance be identical to the offer; any change is a counteroffer.
For $300: In strict liability cases, the plaintiff must prove:
The activity or product was unreasonably dangerous
Explanation:
Strict liability focuses on inherently dangerous activities or defective products, not the defendant’s intent or care.
For $300: Which entity is considered a separate legal person from its owners?
Corporation
Explanation:
A corporation is a distinct legal entity separate from its shareholders.
For $300: Which law protects employees’ rights to form and join labor unions?
National Labor Relations Act (NLRA)
Explanation:
The NLRA protects employees’ rights to unionize and engage in collective bargaining.
For $400: What does a patent primarily protect?
Inventions and novel processes
Explanation:
Patents protect new and useful inventions, processes, machines, or compositions of matter.
For $400: Which of the following would make a contract voidable?
A minor entering the contract
Explanation:
Contracts entered into by minors are typically voidable at the minor’s option due to lack of full legal capacity.
$400: Negligence requires proving duty, breach, causation, and what?
Damages
Explanation:
Negligence requires damages to show that the breach caused real harm.
For $400: In a general partnership, partners typically share what?
Equal management rights and unlimited liability
Explanation:
General partners share management authority and have unlimited personal liability for partnership obligations.
For $400: 'At‑will employment' generally means what?
Either party may end the employment relationship at any time for any lawful reason
Explanation:
At‑will employment allows either the employer or employee to terminate the relationship at any time for any lawful reason.
For $400: Which of the following is required for a trademark to be enforceable?
It must be used in commerce
Explanation:
A trademark becomes enforceable through actual use in commerce, even if not federally registered.
For $500: Which of the following is an example of an unenforceable contract?
A contract for illegal activity
Explanation:
Contracts involving illegal subject matter are unenforceable because they violate public policy.
For $500: Defamation requires a false statement, publication, and what additional element?
Damages to reputation
Explanation:
Defamation requires that the false statement caused reputational harm to the plaintiff.
For $500: Which business structure offers limited liability to its owners?
Limited liability company (LLC)
Explanation:
LLCs provide limited liability protection while allowing flexible management.
For 500: The Fair Labor Standards Act (FLSA) primarily regulates which area?
Minimum wage and overtime
Explanation:
The FLSA governs minimum wage, overtime pay, and related labor standards.
For $500: Trade secrets are protected as long as what condition is met?
Reasonable steps are taken to keep them confidential
Explanation:
Trade secrets remain protected as long as the owner takes reasonable measures to maintain their secrecy.