QUESTION The two sides reach an impasse, with the union demanding more expensive safety measures than management feels are necessary. If the two sides opt for arbitration as the next step, which of the following should both sides take care to do? A) Gain popular support for their position through carefully chosen media exposure. B) […]
QUESTION Which of the following, if true, weakens the argument for developing organic beauty products? A) Few companies have obtained patents for their organic product innovations. B) Competitors in this segment are quick to copy any new product innovation and mimic product design. C) Organic offerings have a shorter shelf-life compared to synthetic products. D) […]
QUESTION iStore has been criticized for offering higher discounts to DataCorp, a major computer manufacturer. Which of the following is the most effective defense in this scenario? A) Other companies offer similar discounts to DataCorp. B) iStore’s costs are lower on such sales because of higher volumes. C) iStore has always offered lower rates to […]
QUESTION Which response to the current business environment is considered legal? A) iStore discriminates in its pricing because it manufactures different qualities of headphones for different computer manufacturers. B) iStore requires dealers to charge a specified retail price for its products. C) iStore raises memory card prices and then announces a huge discount. D) iStore […]
QUESTION Viktor says he agreed to house-sit for the Deeners for three months for $300 per month, for $900 total. The Deeners say the agreement was for $300 total. If this case went to arbitration, under which condition of contract law would the case most likely be handled? A) Capacity: Viktor would need to prove […]
QUESTION What are antitrust laws? A) laws to regulate competition B) laws protecting buyers C) laws affecting relief for debtors D) laws affecting sales transactions E) laws applying to wrongful injuries ANSWER Answer: A Explanation: A) Antitrust law consists of laws designed to keep markets competitive by deterring big businesses from driving out small […]
QUESTION Which of the following correctly describes the specific performance type of remedy to a breach of contract? A) I have the right to decide that no further action is necessary. B) I have the right to insist the other party go ahead with his or her part of the agreement. C) The other party […]
QUESTION Robin and Chris have divorced and each wants full custody of their son. What legal options are open to them at this point? What will be an ideal response? ANSWER Answer: Robin and Chris have three options. (1) They could go to mediation, in which a neutral third party listens to both sides […]
QUESTION The Freedom Philharmonic Orchestra was scheduled to play a concert at a riverside pavilion. But the conductor of the orchestra got into an argument with the pavilion’s director over hours available for rehearsal, and the conductor said the orchestra would not go through with the concert. The pavilion’s director got a court to compel […]
QUESTION Rolando had a written contract that he was to perform a poetry reading at a local bookstore for $300, but the bookstore made a mistake and double-booked: It had a second poet at the store at the same time. So Rolando was unable to do his reading. The bookstore said it owed Rolando nothing […]
