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 […]
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 […]
QUESTION Sinead had a tree on her property that blocked Marlon’s view of the meadow across the street from his house. Marlon got more and more annoyed by the tree’s presence until the day he cut down the tree when Sinead was at work. Sinead is able to sue Marlon for intentional tort. Indicate whether […]
QUESTION Which of the following is NOT one of the eight types of business law? A) contract law B) consumer-protection law C) environmental law D) bankruptcy law E) property law ANSWER Answer: C Explanation: C) Environmental law is not one of the eight types of business law.
QUESTION Implied warranties include the premise that the product or service should deliver the promises advertised. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: Implied warranties include the premise that the product or service should deliver the promises advertised. They also include the premise that the product or service should […]
QUESTION For cases that are not solved in lower courts but keep getting passed up through the court system, what is the order of the type of court each case goes through? A) supreme courts, appellate courts, trial courts B) appellate courts, trial courts, supreme courts C) appellate courts, supreme courts, trial courts D) trial […]
QUESTION A negotiable instrument represents only guarantees of terms specifically stated by the seller. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: A negotiable instrument may include terms not specifically stated by the seller.
QUESTION Jane, a 45-year-old who had suffered brain injury as a result of an aneurysm, was walking by a hot tub dealership when the salesperson invited her in to look at his newest model spa. When the salesperson told Jane she could own the tub, Jane was very excited. She agreed to the payment plan […]
QUESTION Statutory laws can be written by the U.S. Congress, city councils, and state legislatures. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: Statutory laws, called statutes, are written laws that are created by legislative bodies.
QUESTION The Consumer Financial Protective Bureau, an independent agency housed in the Federal Reserve with its own budget and director and the authority to prevent or correct financial abuses, was set up as an attempt to try to prevent another big financial crisis. It is responsible for financial consumer protection. The CFPB is an example […]
