BUS 311 Week 2 Quiz Chapter 006
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An enforceable contract can result from an agreement that imposes a legal obligation.
BT: Knowledge
PO: 2
True False
To be legally enforceable, a contract must...
BUS 311 Week 2 Quiz Chapter 007
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Offer and acceptance are the essential elements of a contract.
BT: Knowledge
PO: 1
True False
Even when an offer specifies all the terms and conditions of a...
BUS 311 Week 2 Quiz Chapter 008
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Genuineness, or reality of an agreement, is said to be present in a contract when there is a true meeting of the minds.
BT: Knowledge
PO: 1
True False
A fraud...
BUS 311 Week 2 Quiz Chapter 009
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Consideration in a contract may be more than just the promises exchanged by the parties, but the actual benefit gained and the detriment suffered by them.
BT:...
BUS 311 Week 2 Quiz Chapter 010
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The UCC specifies that a competent party is a person of legal age, but fails to take into account the mental state of the individual.
BT: Knowledge
PO: 1
True...
BUS 311 Week 2 Quiz Chapter 011
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If the parties to a contract are legally competent and have reached mutual agreement, the law does not require that the purpose of the agreement be legal.
BT:...
BUS 311 Week 2 Quiz Chapter 012
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Competency of parties is not a mandatory requirement to make a contract valid.
BT: Knowledge
PO: 1
True False
The parol evidence rule states that any spoken or...
BUS 311 Week 2 Quiz Chapter 013
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When rights or duties that arise from a contract are legally transferred to a third party, such contracts are an exception to the general rule that only the parties...
BUS 311 Week 2 Quiz Chapter 014
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Contracts may be terminated by alteration.
BT: Knowledge
PO: 1
True False
A contract may provide for its termination after a certain period of time.
BT:...
BUS 311 Week 3 Quiz Chapter 018
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A person who represents another is known as a principal.
BT: Knowledge
PO: 1
True False
Anyone who is legally competent to act for himself or herself can act...
BUS 311 Week 3 Chapter 019
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There is only one organizational form that is available for a business structure.
BT: Knowledge
PO: 1
True False
Businesses are generally structured as one of the...
BUS 311 Week 3 Quiz Chapter 022
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Automobiles, furniture, clothing, and pets are not considered tangible goods.
BT: Comprehension
PO: 1
True False
Personal property, such as trees or shrubbery...
BUS 311 Week 3 Chapter 024
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A license gives a person the right of possession.
BT: Knowledge
PO: 1
True False
The person who agrees to pay for the use of real property is known as the landlord....
BUS 311 Week 4 Quiz Chapter 026
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Intellectual property is not protected through the use of trade secrets, trademarks, copyrights, and patents.
BT: Knowledge
PO: 1
True False
Goodwill refers to...
BUS 311 Week 4 Quiz Chapter 027
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While there are currently no federal laws prohibiting the use of cookies when gathering information regarding adults, the Children's Online Privacy Protection Act...
BUS 311 Week 4 Chapter 028
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Firms that conduct business on the Web are subject to the same legal restrictions as are the traditional brick-and-mortar firms.
BT: Knowledge
PO: 1
True False...
BUS 311 Week 4 Quiz Chapter 029
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An employer must pay an employee the agreed-upon wage, subject to company policy, union contracts, and government mandates, for his or her services.
BT: Knowledge...
BUS 311 Week 4 quiz Chapter 030
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There are numerous federal and state laws that serve to protect employees from accidents and sicknesses that are job-related.
BT: Knowledge
PO: 1
True False...
BUS 311 Week 5 Quiz Chapter 031
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A breach of warranty lawsuit is based upon tort law.
BT: Knowledge
PO: 1
True False
Many purchasers or users of products, or even third parties, who sustain...
BUS 311 Week 5 Quiz Chapter 032
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All competent parties are not liable for their negligence or their failure to meet their contractual obligations.
BT: Knowledge
PO: 1
True False
The...
BUS 311 Week 5 Quiz Chapter 033
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Although the use of English as the language of business is increasing, cultural differences, disparate legal systems, and fluctuating exchange rates remain major...