Business Law Textbook Final Exam

Free Practice Test Instructions:

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

Question 1 1.

You've been eyeing that 60-inch television in the appliance store window for weeks. Finally, it's payday, and you sprint to the store and make the purchase. It's simple. Fork over the cash and walk away with your very own television. See, the promisor, the appliance store, promised to give you a spanking new TV for $500, and you, the promisee, promised to pay for it. Done!

This is an example of an:

Question 2 2. Which of the following is NOT a tort of transferred liability?

Question 3 3. Which party files a civil suit?

Question 4 4. When does a third party beneficiary's rights vest?

Question 5 5. Let's say that Andrew owns 20 shares of stock in ABC, Inc. The ABC board of directors approves a dividend distribution. It will be paid in the form of cash dividends, paid at a rate of $5.00 per share. ABC will therefore issue payment to Andrew in the amount of $_.

Question 6 6. What type of jurisdiction is being used when cases are decided in specific courts based on their type, like a divorce or a murder?

Question 7 7.

True or false:

1. Mutual assent is considered the meeting of the minds between three or more parties that forms the foundation of a contract.

2. At the time of mutual assent, it can be said that a legally binding contract does not exist.

Question 8 8. There are many different theories, or schools of jurisprudence. Justice Sotomayor explained that 'the law that lawyers practice and judges declare is not a definitive, capital 'L' law that many would like to think exists.' Instead, courts and lawyers are 'constantly overhauling the law and adapting it to the realities of ever-changing social, industrial, and political conditions.' She is advocating:

Question 9 9. The Federal Trade Commission is made up of several different bureaus. Which bureau handles credit protection?

Question 10 10. Which of the following is true regarding criminal and civil causes of action?

Question 11 11. The purpose behind a statute of frauds is:

Question 12 12. The Great Flying Carmelo has a high wire act in a local casino. He suspends himself over the casino floor and does very dangerous tricks. On the weekends, he practices in the yard of his rented house. This particular weekend, he fell and injured his back and neck. What is the scope of liability for Carmelo's landlord?

Question 13 13. Jim's Lawn Mowing eagerly accepts the contract rights to complete the mowing sessions for Silver Cliff's clients. In this agreement, Jim's Lawn Mowing would be considered which party?

Question 14 14. Let's say that you and I made an oral contract. You're going to paint my house next week, and I'm going to pay you $1,000. You show up next week and you completely paint my house. That I can't then raise a defense that I don't owe you the $1,000 is called:

Question 15 15. How did the Griswold v. Connecticut case use the 9th Amendment?

Tell us about yourself

Are you a student or a teacher?

I am a student I am a teacher

Business Law Textbook Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

Business Law Textbook  /  Business Courses
Support