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Essay on Lwc1 Study Guide

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1. An individual makes an offer to buy an item from a company for $5,000. When is a contract for the purchase of the item created? Choose 1 answer A. When the offer is accepted by the company B. When the offer is presented to the company C. When the individual presents the $5,000 to the company D. When the company makes a counteroffer 2.What are the elements that make a contract enforceable? Choose 1 answers A. Terms, configuration, timeliness, legality B. Offer, entitlement, majority, legality C. Offer, acceptance, consideration, morality D. Agreement, consideration, capacity, legality 3.At what point is a contract implied? Choose 1 answer A. When contract terms are explicitly …show more content…

EPA requires the company to shut down unless it takes immediate action within EPA regulations. Which action can the power company take to continue operating? Choose 1 answer A. Buy more emissions allowances B. Request an emissions variance C. Shorten operating hours D. Use lower-sulfur coal 13. What is a violation of the Clean Water Act of 1972? Choose 1 answer A. A city drains water from a wetlands area to develop the land. B. A municipality restricts use of wetlands within city limits. C. A business seeks approval from the Environmental Protection Agency to dredge a river. D. A business is contracted to build a bridge over a river. 14. What is an example of alternative dispute resolution? Choose 1 answer A. A ruling by the U.S. Supreme Court on a matter B. A meeting in which a mediator works with both parties C. An appeals court ruling on a dispute D. A lawsuit that is settled prior to going to trial 15. What is an advantage to using alternative dispute resolution rather than litigation? Choose 1 answer A. It does not require personal involvement of the parties. B. It involves formal court hearings and rulings. C. It involves negotiation directly between the parties. D. It does not require

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