Navigation » List of Schools » El Camino College » Law » Law 4 – The Legal Environment of Business » Spring 2020 » Final Exam
Below are the questions for the exam with the choices of answers:
Question #1
A Crunchy
B Chunky
C Low-fat
D yStar
Question #2
A a mockarama
B a link
C a knock off
D a parody
Question #3
A Beth has made a valid, binding gift because she intended to transfer present ownership to Ross and Ross accepted the flag.
B Beth has not made a valid, binding gift of the flag because the donor must deliver the property to the donee, which was not done here.
C Beth has made a valid, binding gift if Beth agreed to give the flag in exchange for Ross’s legal services.
D Beth has not made a valid, binding gift of the flag because gifts are never binding and can always be revoked by the donor.
Question #4
A The washer and dryer are fixtures, but the furnace is not.
B The furnace is a fixture, but the washer and dryer are not.
C The washer, dryer, and furnace are all fixtures.
D The furnace and the washer are fixtures, but the dryer is not.
Question #5
A Potential damages are higher
B the mark is valid nationally
C it allows the trademark owner to use the TM symbol to put others on notice of the protection
D All of the above
Question #6
A Jane would win as this is a voidable contract.
B The law would not enforce this contract
C Shelly would win as this is a unilateral contract.
D The law would enforce this valid, enforceable contract.
Question #7
A Fred would win, as he did not ask Patty to quit her job.
B Fred would win, as family members cannot sue each other for breach of an oral promise.
C Patty would win, as a contract was formed when Fred promised to pay her the support.
D Patty may win under the doctrine of promissory estoppel.
Question #8
A Mary’s counteroffer terminates Carl’s offer of $1,500.
B Mary’s offer is a firm offer. Carl has an exclusive right to consider her offer for a reasonable period of time.
C Neither offer is valid. Who would ever pay $1,000 or $1,500 for a beer can collection?
D If Carl rejects Mary’s counteroffer, she can still accept Carl’s offer of $1,500.
Question #9
A not enforceable because Becky is a minor and could disaffirm the contract.
B enforceable because the agreement accomplishes Ben’s goal of keeping Becky from drinking.
C enforceable because Becky is giving up the right to do something she would otherwise be entitled to do.
D not enforceable because Becky does not have a legal right to drink alcohol.
Question #10
A the written agreement is a full and final expression of the parties’ agreement.
B the Statute of Frauds applies.
C the contract was a full and final oral explanation of the parties’ agreement.
D the contract has been fully performed by both parties.
Question #11
A Dick can still revoke his offer so long as he does so before Jane accepts.
B Jane can still accept the offer and John must find a 1955 Thunderbird to sell.
C Jane can still accept the offer. She will be entitled to the insurance proceeds.
D The offer is terminated and Jane can no longer accept.
Question #12
A when it provides them with necessities.
B if they are the age of minority
C If they promise that they won’t disaffirm.
D if they have a co-signer
Question #13
A Consideration
B Performance
C Legality
D Offer
Question #14
A Judicial Branch
B Executive Branch
C Legislative Branch
D Administrative Agencies
Question #15
A This is a material breach. Jackie must still pay something to Charles.
B This is substantial performance. Jackie owes nothing to Charles.
C This is a material breach. Jackie owes nothing to Charles.
D This is substantial performance because Charles actually laid all of the carpet. Jackie must still pay something to Charles.
Question #16
A object to the confirmation in writing within 10 days.
B call the seller and object to the confirmation as soon as she gets back from her two-week vacation.
C ignore the confirmation
D return the goods within two weeks of their delivery with a note attached saying she will not pay for the goods.
Question #17
A Walter will lose unless the promise was in writing.
B Walter will lose, as he gave no consideration.
C Walter will win, as no consideration is required to modify an employment contract.
D Walter will win, as the promise is enforceable.
Question #18
A an unliquidated offer.
B a conditional offer.
C a unilateral contract.
D an illusory promise.
Question #19
A A toy manufacturer contracted to sell dolls valued at $10,000 to a department store.
B Jeremy, a full-time student, sold his snow blower to a friend for $450.
C Tobias Department Store contracted to sell Jenny a $400 doll.
D A $5,000 deposit paid to a licensed contractor for two weeks’ worth of home renovations.
Question #20
A Michael made an offer but Sarah did not accept because of the Mirror Image Rule.
B Michael made an invitation to bargain but not an offer.
C Michael made offer and Sarah accepted the offer.
D The offer is not valid because it was not accepted in writing.
Question #21
A contributory negligence
B strict liability
C Res ipsa loquitur
D knowledge to a substantial certainty
Question #22
A If Wilde’s agrees to accept less than the full amount, the agreement is only binding if it is in writing and signed by Bernie.
B If the parties agree to settle for less than the full amount, there is no consideration to make the agreement enforceable.
C The disputed amount is also known as an unliquidated amount.
D If Wilde’s agrees to accept less than the full amount as full payment, the agreement is not binding.
Question #23
A burglary
B trespass
C stealing
D conversion
Question #24
A Jim is not liable to Diane for defamation.
B Jim is liable to Diane for defamation.
C Jim is liable to Diane for defamation only if she is a public figure.
D Jim is liable to Diane for defamation unless he can show a legitimate reason for having to tell Lana about Diane’s prison history.
Question #25
A FALSE
B TRUE
Question #26
A TRUE
B FALSE
Question #27
A TRUE
B FALSE
Question #28
A FALSE
B TRUE
Question #29
A FALSE
B TRUE
Question #30
A TRUE
B FALSE
Question #31
A FALSE
B TRUE
Question #32
A FALSE
B TRUE
Question #33
A FALSE
B TRUE
Question #34
A FALSE
B TRUE
Question #35
A TRUE
B FALSE
Question #36
A FALSE
B TRUE
Question #37
A TRUE
B FALSE
Question #38
A FALSE
B TRUE
Question #39
A TRUE
B FALSE
Question #40
A FALSE
B TRUE