Question 38
Under the UCC, firm offers can be made:
Orally or in writing by merchants.
Orally or in writing by merchants, but only in
writing by nonmerchants.
In writing by either merchants or nonmerchants.
In writing by merchants.
0.5 points
Question 39
Which of the following is the most accurate
statement?
A sole proprietorship is a separate legal entity
for U.S. tax purposes and thus the entity must file its own tax return.
A franchise is an association of members
comparable to a partnership organized to provide an information sharing
exchange among the members about economic issues.
Franchisors that firmly set and fix the prices
at which the franchisees can resell products or perform services may violate
antitrust laws.
A franchisor can always establish an
additional franchisee in a territory allotted to a franchisee if the franchisee
agreement is silent as to exclusivity of the territory.
0.5 points
Question 40
The sales provisions of Article 2 of the UCC
apply to:
Neither merchants nor nonmerchants.
Nonmerchants, but not to merchants.
Merchants, but not nonmerchants.
Both
merchants and nonmerchants.
Question 30
The major disadvantage of a sole proprietorship
is:
The difficulty and cost of formation.
The unlimited liability for the
business’s debts.
The sharing of management authority with others.
The difficulty in transferring ownership to
others.
0.5 points
Question 31
Common law consists of:
Laws which all nations have in common.
Laws which affect everyone, including ordinary
persons.
Rulings and opinions which have been
issued by judges when deciding previous cases.
Laws which more people are aware of.
Question 11
A contract that one party may avoid without
being in breach is
Void
Valid
Voidable
Executory
0.5 points
Question 12
Under the UCC, between merchants, if a purported
acceptance contains additional terms, there is an acceptance, and
The additional terms are not part of the
contract.
The additional terms are part of the contract.
The
additional terms do not become part of the contract if they materially alter
the contract.
There is no contract.
0.5 points
Question 13
Which of the following is FALSE regarding
lawsuits pursuant to Title VII of the Civil Rights Act?
a.
An employer can be liable for discrimination
pursuant to Title VII based on the “disparate impact” theory even if
there is no evidence of intentional discrimination.
b.
Language discrimination based on an
English-only policy can be grounds for a national origin discrimination lawsuit
if the employer does not have a legitimate business reason for requiring its
employees to speak English.
c.
Discriminating against applicants for employment
based on their appearance because they are not sufficiently attractive, pretty,
or handsome is as a general rule a Title VII violation since the non-attractive
are discriminated against.
d.
Sexual stereotyping of women based on
stereotypical notions of appropriate female behavior by male managers is a
violation of Title VII.
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