Bus Final exam answer 1

2821 Words12 Pages
1. A shareholder in a professional corporation can be liable for malpractice arising from the rendering of professional services. (Points : 2) True 2. Jay tells Kim that he will buy her textbook from the last semester for $80. Kim agrees. Jay and Kim have (Points : 2) an express contract. 3. Barb allows Candy to enter Barb 's warehouse and take a DVD player. Charged with theft, Candy can successfully claim, as a defense, (Points : 2) consent. 4. The U.S. Congress enacts a new federal statute that sets different standards for the liability of businesses selling defective products. This statute applies (Points : 2) to all of the states. 5. Eastside Warehouse offers to sell a forklift to Forest Lumber Company, but it is stolen before Forest…show more content…
Dana buys a bottle of Aero Cola. The mark has been infringed by (Points : 2) Aero. 27. Browse-wrap terms are generally enforceable. (Points : 2) True 28. Most courts are usually very concerned about the fairness of contracts. (Points : 2) True 29. Nina is a director of Omega, Inc. Under the standard of due care owed by directors of a corporation, Nina 's decisions must be (Points : 2) informed and reasonable. 30. Omni Products, Inc., and Plenty Sales Corporation transact a deal over the Internet. Their contract does not mention the UETA. The UETA covers (Points : 2) only the part of the contract that involves e-signatures. 31. Common law is a term for social manners and customs that are familiar to most of us. (Points : 2) False 32. Owen, Paula, Quinn, and Rita combine to finance the building of Super Stores, a shopping mall. Their selected form of business organization is an investment group, or (Points : 2) a joint venture. 33. Begin Anew Enterprise, Inc., completes its registration process and begins advertising the availability of its new issue of securities. The firm places a tombstone ad in the financial papers. This ad tells prospective investors (Points : 2) where to buy the securities. 34. Outstate Properties, Inc. (OPI), agrees to sell certain acreage to Pia. OPI repudiates the deal. Pia sues OPI and recovers damages. Pia can now obtain (Points : 2) damages representing restitution. 35. Some states
Open Document