Business

Negligence, or unintentional acts that result in injury, is covered un

QUESTION Negligence, or unintentional acts that result in injury, is covered under which type of law? A) consumer protection law B) commercial law C) tort law D) property law E) tax law   ANSWER Answer: C Explanation: C) Tort laws apply to wrongful injuries in business relationships not covered by contract law or criminal law. […]

Read full post

Date: September 3rd, 2020

A civil—that is, noncriminal—wrongful act that results in injury t

QUESTION A civil—that is, noncriminal—wrongful act that results in injury to people or property is called what? A) a discharge B) a breach C) a tort D) a liability E) a trademark   ANSWER Answer: C Explanation: C) From the French for “wrong,” a tort is a civil—that is, noncriminal—wrongful act that results in injury […]

Read full post

Date: September 3rd, 2020

Which type of law covers warranties and negotiable instruments? A) co

QUESTION Which type of law covers warranties and negotiable instruments? A) commercial law B) contract law C) bankruptcy law D) tort law E) consumer protection law   ANSWER Answer: A Explanation: A) Commercial law covers laws affecting sales transactions, under which warranties and negotiable instruments are covered.

Read full post

Date: September 3rd, 2020

When treaties and trade agreements do not cover points of contention b

QUESTION When treaties and trade agreements do not cover points of contention between nations, which of the following bodies sometimes makes decisions that affect international business? A) the United Nations B) the United States C) the European Trade Union D) Canada E) the Peace Corps   ANSWER Answer: A Explanation: A) Decisions of international organizations […]

Read full post

Date: September 3rd, 2020

The Consumer Product Safety Commission, the Environmental Protection A

QUESTION The Consumer Product Safety Commission, the Environmental Protection Agency, and the Federal Communications Commission are all federal agencies with the power to create and enforce rules and regulations. They are all mainly involved with which type of law? A) common law B) statutory law C) international law D) administrative law E) national law   […]

Read full post

Date: September 3rd, 2020

Brenda had health insurance that paid 80 percent of hospitalizations a

QUESTION Brenda had health insurance that paid 80 percent of hospitalizations and other costs. Brenda was sick with cancer for two years, requiring that she have two surgeries, chemotherapy, and radiation therapy. Brenda was unable to work for a good part of that time, but in 2011 she was healthy and returned to work as […]

Read full post

Date: September 3rd, 2020

Which of the following is NOT one of the six conditions that make a co

QUESTION Which of the following is NOT one of the six conditions that make a contract legally enforceable? A) offer B) agreement C) consent D) consideration E) legality   ANSWER Answer: A Explanation: A) The two of the six conditions that make a contract legally enforceable and that are missing from the list are capacity […]

Read full post

Date: September 3rd, 2020