Multiple Choice Questions for Business Law Test

What is ethics? According to Velasquez et al (2010), “ethics is a well-founded standard of right and wrong that prescribe what humans ought to do, usually in terms of rights, obligations,

Week five provided Learning Team A the opportunity to review and analyze seven case scenarios regarding Grocery, Inc. These case scenarios include, Grocery, Inc. Uniform Commercial Codes (UCC), renovation, minor employee, Gap Filing Rule, employee breach of contract, F.O.B., and supplier. Although, Grocery, Inc. is not involved directly with each scenario, consequentially, the learning team will also depict the store’s involvement indirectly. After reviewing and analyzing the seven scenarios for Grocery, Inc., the learning team obtained comprehensive knowledge of business uniform commercial code.

Ethics are defined as “a set of moral principles and perceptions about right versus wrong and the resulting philosophy of conduct that is practiced by an individual, group, profession, or culture” (Barker, 2001, p. 159). In the field

10. Dan hires Eve to perform at Dan 's Club, but Eve later breaches the agreement to accept a higher-paying job at First Star Arena. Dan files a suit gainst Eve. The court will most likley: award damages to Dan.

12. Which of the following torts committed by an agent is the liability of the principal?

1.  Able entered into an oral contract with Baker for the sale of Able 's car for $5,000. Later Baker breached that contract. Able wants to sue to enforce the contract. Under the Statute of Frauds, who is the "party to be charged" in this case?

Ethics is a branch of philosophy that involves the study of good and bad, of right and wrong. It includes theories such as relativism and universalism. Virtue, Categorical Imperative, and the principle of utility are three ethical standards. Environmental ethics is the application of ethical standards to relationships between humans and nonhuman entities.

In this task, Customer of Legislation, I will discuss the five main acts of parliament that the legislations are made for the business. The legislation is a law, which there are five for businesses, which everyone must follow the law, however, the ideas of Laws in a business are made by the government to make sure customers of a business are protected from a business by the five Acts of Parliament. These Laws of parliament will make sure the Business follows the rules for customer’s protection purposes. However, if they don’t follow the rules, the customers could be harmed; the businesses must be honest to customers; the business must not take advantage of customers.

Explain how respondeat superior and vicarious liability applies to employees of a health care facility. Include how these doctrines will apply not only to direct care givers but to office personnel and administration as well.

Jonathan's Soccer Mart (JSM) advertises a pair of boots on sale. The normal price is $150.00 and the sale price should have read $135.00 but the advertisement says $15.00. Josh walks into the store, picks up a pair of the boots, and puts $15.00 on the counter demanding to purchase the boots at the advertised price. Which of the following is correct?

Let me begin by assessing the current situation and relationship with Don. Don and I met because of our individual desires to walk with Christ. We developed our friendship that eventually evolved to a business relationship; we are both small business owners. Our business venture started under favorable circumstances consistent with implied duty of faith and fair dealings. According to Kubasek, Brennan, &Browne (2012), an implied contract is formed by conduct of involved parties rather than written or spoken words. That was exactly the case between us. Don would place routine

Ethics are the “standards of conduct that indicate how one should behave based on moral duties and virtues.”

According to Guido, ethics is the branch of philosophy concerned with the evaluation of human action. A broader definition would be that ethics involves the principles or assumptions underpinning the way individuals or groups ought to conduct themselves.

Introduction: In this assignment I will go over a few legal terms in relation to contract law. I will also talk about a few precedents that help explain the law.

Numerous and varied laws regulate the activities of all businesses and everyone involved in business, from owner to manager to employee. Some major business law categories are as follows: