Study Guide

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LAW/421 Final Examination Study Guide This study guide will prepare you for the Final Examination you will complete in Week Five. It contains practice questions, which are related to each week’s objectives. In addition, refer to each week’s readings and your student guide as study references for the Final Examination. Week One: Introduction to Law Objective: Define the functions of law in society. 1. Precedent evolves from a. state and federal constitutions b. state and federal statutes c. the common law d. a combination of both state and federal statutes and common law Objective: Define the functions of law in society. 2. Once stare decisis and case precedent is established, a. it may be disregarded and…show more content…
13. Mike is walking through a parking lot and finds Kathy lying unconscious. He puts her in his car and takes her to the hospital. The hospital saves her life and, when she becomes conscious, they present her with a bill. a. Kathy has to pay based on a unilateral contract. b. Kathy has to pay based on an implied contract. c. Kathy has to pay based on a quasi contract. d. Mike has to pay because he brought her to the hospital. Objective: Analyze the elements necessary to form valid contracts. 14. 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? a. JSM must sell the boots at the advertised price. b. Josh has accepted JSM's offer to sell. c. JSM has made an ambiguous offer. d. Josh has made an offer. Objective: Summarize the legal defenses to contract formation. 15. Young has just fired Kathy who was her agent. Young places an ad in the classified section of the various local newspapers stating that, "Kathy no longer works for or represents Young in any way". Young would place this ad a. to eliminate any possible liability resulting from actual authority b. to eliminate any possible liability resulting from apparent

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