Study Guide For Business Law Final

Business Forms Quiz
Correct answers are hidden.

Score for this quiz: 24 out of 40
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Question 1
4 / 4 pts
Which is currently the most popular form of business?
C corporation
limited partnership
S corporation
limited liability company
Question 2
4 / 4 pts
Business liability insurance is needed for which business form?
partnership
corporation
sole proprietorship
all of the above
Question 3
4 / 4 pts
If, as a business owner, I was required to issue K-1s, which business form would I be?
C corporation
S corporation
partnership
B and C
Question 4
4 / 4 pts
A limited partner in a partnership is subjecting his or her personal assets to risk.
True
False
Question 5
4 / 4 pts
The following business forms draft a document to provide information on how the
business should be run.
corporation
limited partnership
all of the above
IncorrectQuestion 6
0 / 4 pts
If I wanted to take my business public, I would choose the following form of business.
limited partnership
C corporation
S corporation
Question 7
4 / 4 pts
A limited liability company can be taxed like a corporation or a partnership.
True
False
.
Question 8
4 / 4 pts
One reason to choose a corporation over a limited liability company is liability
protection.
True is the correct answer

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Question 9
4 / 4 pts
Liability protection is available in all business forms.
False is the correct answer
UnansweredQuestion 10
4 / 4 pts
If I were opening a gymnastics facility, I would choose which type of business form for
liability protection?
B and C is the correct answer
Employment Quiz
Correct answers are hidden.
IncorrectQuestion 1
0 / 4 pts
Susan is the only female surveyor in her office. Her co-workers keep pin-up pictures in
their cubicles and talk about their conquests while out working. Susan feels compelled
to quit. This is
a voluntary discharge on the basis of impact discrimination
a harassing discharge on the basis of treatment discrimination
a constructive discharge on the basis of gender discrimination
not a discharge or discrimination
Question 2
4 / 4 pts
Home Health Care Services wants its employees and applicants to undergo genetic
testing. This business may not
discriminate in place or promotion against applicants who have a genetic predisposition

to disease
deny coverage or charge higher premiums to its employees for group health plans
based solely on a genetic predisposition to disease
refuse to hire or discharge employees who have a genetic predisposition to disease
all of the above
Question 3
4 / 4 pts
I work at a retail clothing store that is open on Saturdays and does 60% percent of its
business on the weekend. I hire Mashika to work in my store because she has retail
experience with a competitor. Mashika tells me that she cannot work on Saturdays
because she observes her religion on Saturday. I should
terminate her because working weekends is a fundamental part of the job

continue her employment but remember this limitation when it comes time for raises and
bonuses for employees
reduce her total hours on the schedule and give them to other employees that can work
on Saturdays
allow Mashika to have Saturdays off and evaluate her on her performance at the job
Question 4
4 / 4 pts
American Company replaces John, a 47-year-old employee, with Seth. John files a suit
against American Company under the Age Discrimination in Employment Act. To
establish a prima facie case, John must show that he
is more capable than Seth
is a member of a protected age group
is qualified for the position
B and C
Question 5
4 / 4 pts
I am the human resources director at WeDrill, Inc., an offshore oil rig company. I receive
an application for employment from Doug, a 17-year-old emancipated youth seeking
employment with my company in order to live on his own. I can employ Doug in my
offices in Baton Rouge as a file clerk.
True
False
Question 6
4 / 4 pts
ABC Company denies Angel FMLA leave for the birth of his child, but Angel takes the
time off anyway. The employer can be required to provide
damages for lost wages and benefits
job reinstatement
promotion, if one was denied
A, B, and C
Question 7
4 / 4 pts
With respect to age discrimination, a plaintiff must prove that he or she was replaced by
a person outside the protected class.
True
False
Question 8
4 / 4 pts
Most employees today work as employees at will unless there are exceptions present.
Some of the exceptions include
fraud or false promises

employment discrimination in violation of state or federal law
Whistleblowing
A, B, and C
Question 9
4 / 4 pts
Jacob retires from his job as a manager at Readers Bookstore. Federal law provides
termination of pension benefits upon employment termination
vesting of employees’ rights to all pension benefits immediately
employer’s required establishment of pension plans
timely and uninterrupted payment of private pension benefits
Question 10
4 / 4 pts
If I were to hire Sidney Crosby away from the Pittsburgh Penguins and bring him to the
Buffalo Sabers, I would have him sign a contract because
it would secure and bind him to my organization and I would be paid if he left sooner
than the term of his contract
I want to ensure that he does not prematurely leave my organization because of his
special skill and expertise
he is an employee that would be hard to replace

A, B, and C
Intellectual Property Quiz

IncorrectQuestion 1
0 / 4 pts
If I take old family-reunion photos from 1980 and create a photo book and share it with
family members, can one of those photos later be used by an advertising agency in a
campaign for a catering company entitled “Not Your Family’s Picnic”?
yes, but only with my permission as the creator of the work
no, because the other family members in the photo have not given their permission for
the images to be used
yes, because it would fall under the fair use doctrine
no, because the person that took the photo (or his/her heirs) has not given permission
Question 2
4 / 4 pts
If you took information from a website and included in verbatim in your paper for English
101 without referencing the source, you may have violated copyright law.
True
False
Question 3
4 / 4 pts
If Solomon Publishing receives a book for review and publishing, it should ensure that
the materials in the book are not copyrighted materials.
True
False
Question 4
4 / 4 pts
If I write lyrics to a song, I can protect it under a patent.
True
False
Question 5
4 / 4 pts
The word eyeglasses cannot be trademarked because it describes a generic class of
goods.
True
False
Question 6
4 / 4 pts
The following toys—Hula Hoop, Legos, YoYo, and Frisbee—all have what in common?
They are works of protected expression.
They were patented toys.
They are trade secrets.
They are descriptive terms.
IncorrectQuestion 7
0 / 4 pts
If you want to see whether a logo is already trademarked by a company, you can search
which database?
the World Wide Web
your state's Department of State website
United States Patent and Trademark Office
All of the above
Question 8
4 / 4 pts
Say you develop a program that can be utilized by amateur genealogists to create their
family trees by importing information from various databases around the world. In
addition to treaty laws and privacy laws, you would need to ensure that you are not
violating which of these laws?
copyright
patent
undue influence
contractual capacity
A and B
Question 9
4 / 4 pts
I create an ice cream that changes flavor the longer you keep it in your mouth. I would
want to protect that recipe under which of the following for the best protection?
patent
trade secret
copyright
A and B
Question 10
4 / 4 pts
You develop an application that would allow people to scan a product at a store and
compare prices at other local retailers. Under which intellectual property protection
might you apply?
patent
trademark
copyright
all of the above
Principal/Agent Quiz
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move this question.
Question 1
4 / 4 pts
An executor uses the decedent’s assets to pay his/her debts and distributes the assets
to the heirs.
True
False
Question 2
4 / 4 pts
An agreement to form an agency relationship can be oral.
True
False
Question 3
4 / 4 pts
An agency relationship can exist
between an employer and an employee
between an independent contractor and an employer
between a trustor and trustee
All of the above
Question 4
4 / 4 pts
An agency relationship can be formed by
agreement
ratification
estoppel
All of the above
Question 5
4 / 4 pts
A principal owes an agent a duty of estoppels.
True
False
IncorrectQuestion 6
0 / 4 pts
Destiny indicates that she is acting as an agent on behalf of an unnamed client, Archer
Partnership. When she enters into a contract with Shayla, Archer Partnership is
a disclosed principal
a nonexistent principal
an undisclosed principal
business principal
Question 7
4 / 4 pts
Independent contractors have no control over the details of their work performance.
True
False
Question 8
4 / 4 pts
A principal’s duty to an agent includes
compensation
reimbursement and indemnification
cooperation
All of the above
Question 9
4 / 4 pts
Stan is a crew chief on the Clear Waters, Inc. oil rig in the Gulf. One of the suppliers, Huett, Inc.,
came to the rig to deliver steel for rig repairs. Matthew, the supervisor for the rig, was off the rig
for an emergency meeting of management in New Orleans. Stan signed for the steel delivery
and had his employees off load the steel. Clear Waters, Inc. paid the invoice for the steel to
Huett, Inc. in due course. Stan's authority to act is
express
implied
emergency
ratification
Question 10
4 / 4 pts
A power of attorney gives the Samantha the authority to pay the monthly bills for her father’s
condo while he is on a cruise to Alaska.
True
False
Mediation, Arbitration, Litigation Quiz

•
Attempt Time Score
LATEST Attempt 1 17 minutes 32 out of 40
Question 1
4 / 4 pts
Samantha wants to initiate a lawsuit against Hollywood Theatre by filing a complaint. The
complaint should include which of the following?
interrogatories
a request for production of documents
the facts establishing Samantha’s basis for relief
A and C
Question 2
4 / 4 pts
The state supreme court must hear all cases appealed to the court.
True
False
IncorrectQuestion 3
0 / 4 pts
This form of alternate dispute resolution does not require the third party to render a decision, but
to help the parties resolve their issues.
negotiation
mediation
non-binding arbitration
binding arbitration
Question 4
4 / 4 pts
Which of the following may be part of the appellate process?
attorneys arguing cases before the judges
witnesses testifying before the court
the court rendering a decision to reverse and remand to the lower court
A and C
Question 5
4 / 4 pts
When an appellate court hears argument on a case and renders an opinion, the appellate court
can do which of the following?
affirm the trial court’s verdict
Object to the trial court’s verdict

remand to the trial court for further proceeding
A and C
IncorrectQuestion 6
0 / 4 pts
All litigation cases require a jury to render a verdict.
False is the correct answer
Question 7
4 / 4 pts
Mediation can only be entered into voluntarily and cannot be required by a court.
True
False
Question 8
4 / 4 pts
Which of the following is part of the discovery phase of litigation?
Pleadings
Depositions
Interrogatories
B and C
Question 9
4 / 4 pts
Which of the following are examples of federal specialty courts?
Divorce court
tax court
claims court
B and C
Question 10
4 / 4 pts
The following are required parts of the mediation process.
both parties meeting with the mediator
parties meeting independently with the mediator
a written settlement agreement
A and B
Business Torts and Product Liability Quiz
Question 1
4 / 4 pts
If, in the course of conversation, Mary tells Bill that the IRC Accounting Firm does not do a
complete job because the partners are incompetent, Mary is guilty of defamation.
True
False
IncorrectQuestion 2
0 / 4 pts
If Tom borrows a chain saw from Hank and, while using the chain saw, breaks one of the
components, fails to repair the saw, and returns it to Hank without telling him of the problem,
what would Tom would be guilty of?
conversion
invasion of privacy
trespass to property
negligence
Question 3
4 / 4 pts
Bolt Cola puts a picture of Usain Bolt on its can in order to sell more of its product. Usain Bolt
did not give permission; thus, Usain Bolt can file an invasion of privacy claim against Bolt Cola.
True
False
Question 4
4 / 4 pts
You have been invited to attend a baseball game with your friends. Your seats are on the third-
base line. If you are hit with a ball, your case is not actionable because you were aware of the
risk and voluntarily sat in those seats.
True
False
Question 5
4 / 4 pts
Francisco Garcıá of the Sacramento Kings was balancing on a 75-centimeter Ledraplastic
balancing ball along with weights when the ball burst and he was injured. He fractured his right
forearm and was unable to play the first four months in his firstyear contract with the Kings.
Francisco could file a products liability action against Ledraplastic.
True
False
Question 6
4 / 4 pts
Jake builds a dam across a creek in order to slow the flow of water onto his farm in the spring
and to make more room for planting crops. Paul can sue Jake for trespass to land because the
dam caused water to back up onto his property.
True
False
Question 7
4 / 4 pts
Frank’s car has just been repaired. When Frank exits the service station, his wheel falls off. At
the same time, a woman walking down the sidewalk near the service station trips and breaks
her arm. The woman would not have a claim against Frank because her injury resulted from her
tripping and not the car.
True
False
Question 8
4 / 4 pts
Say you are at a Cleveland Browns game against the Pittsburgh Steelers, and are a Steelers
fan. The fans around you start to heckle you, and you respond. The exchange escalates to
shoving, and you fall and injure your wrist. You would have which of the following potential
claims?
assault
defamation
battery
A and C
Question 9
4 / 4 pts
Bill falsely tells Kelly and Jocelyn, prospective buyers of a neighbor's home, that the neighbor
cheated Bill in the past. This causes Kelly and Jocelyn to back out of the sale. The neighbor can
bring a defamation action against Bill because
the neighbor can prove that Bill made the statement
Kelly and Jocelyn did not buy the house
Bill wrongfully interfered with a contractual relationship
A and B
Question 10
4 / 4 pts
Singer Joanna Wagner was under contract to sing for Lumley’s Lounge for a specified period of
years. Gye, owner of Gye’s Galas, knew of the contract and nonetheless enticed Wagner to
refuse to carry out the agreement; Wagner began to sing for Gye. Lumley’s Lounge went out of
business. Lumley can
sue Gye for wrongful interference with a contractual relationship
sue Wagner for breach of contract
sue Gye for defamation
A and B
Uniform Commercial Code Quiz

Question 1
4 / 4 pts
You can order a stop payment on a cashier’s check.
True
False
Question 2
4 / 4 pts
Betty issued 15 checks to her sister in various amounts over a two-day period. She
would like to stop payment on one of the checks she issued, but she does not know the
check number or the date it was issued and she is unsure of the amount. (She thinks
the check she wants to stop was around $100.) What is the bank’s liability to Betty if it
pays the check?
The bank is liable to Betty for the full amount of the check since she issued a stop
payment order.
The bank is not liable to Betty because she did not describe the check with reasonable
certainty.
The bank is not liable to Betty because she did not provide the order in advance for the
bank to take action.
The bank is partially liable to Betty because she described the check as best she could
in advance of her sister cashing it.
Question 3
4 / 4 pts
A check payable to “cash” is a bearer instrument.
True
False
IncorrectQuestion 4
0 / 4 pts
ABC Company issues a check to XYZ LLC. In the memo line of the check, ABC
Company writes, “Only payable if XYZ LLC delivers the widgets.” Which of the following
is the best answer for why this check cannot be cashed or deposited?
It is not payable on demand.
It is a conditional promise to pay XYZ LLC.

It is not payable at definite time.
Memo lines must be left blank on a check.
Question 5
4 / 4 pts
Tina makes a check payable to Jeff. Jeff endorses the check with his signature and
writes, “Payable to Ava.” Ava then endorses the check and takes it to her bank to be
deposited. Which answer correctly describes this scenario?
Ava’s endorsement is a third-party endorsement, since Ava was not an original party to
the check (i.e., Tina and Jeff) and she endorsed the check.
This is a third-party endorsement because three parties are involved: Tina, Jeff, and
Ava.
Since the check was deposited at a bank with three signatures on it (i.e., Tina’s, as the
maker of the check, and Jeff and Ava as endorsers), this is a third-party endorsement.
None of the above
IncorrectQuestion 6
0 / 4 pts
Tiffany delivers goods before she is able to file the UCC1. Does she have a purchase-
money security interest in the goods?
yes
no
Question 7
4 / 4 pts
Lynn is a teller at Third National Bank. Jim Smith, who is a regular customer, brings in a
check for $200 payable to “Kelly Webster,” which has Kelly Webster’s endorsement on
the back. Should Lynn give $200 cash to Jim?
yes
no
Question 8
4 / 4 pts
Written stop payment orders are valid for 12 months.
True
False
Question 9
4 / 4 pts
Steve, John, and Todd are signers on an operating account for Regency Corporation.
John issues a check to Flynn’s Tire Center. Who is authorized to place a stop payment
on this check?
only John
Steve or Todd
Todd or John
B and C
Question 10
4 / 4 pts
How is a security agreement authenticated?
signed by the debtor
notarized by a notary
filed with a local government agency
witnessed by two individuals

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Business Forms Quiz

Correct answers are hidden.

limited liability company

all of the above

limited liability company

limited liability company

True is the correct answer

False is the correct answer

B and C is the correct answer

a harassing discharge on the basis of treatment discrimination

a constructive discharge on the basis of gender discrimination

not a discharge or discrimination

discriminate in place or promotion against applicants who have a genetic predisposition

refuse to hire or discharge employees who have a genetic predisposition to disease

all of the above

terminate her because working weekends is a fundamental part of the job

is more capable than Seth

is a member of a protected age group

is qualified for the position

damages for lost wages and benefits

promotion, if one was denied

fraud or false promises

termination of pension benefits upon employment termination

vesting of employees’ rights to all pension benefits immediately

employer’s required establishment of pension plans

timely and uninterrupted payment of private pension benefits

he is an employee that would be hard to replace

Intellectual Property Quiz

yes, but only with my permission as the creator of the work

yes, because it would fall under the fair use doctrine

They were patented toys.

They are trade secrets.

They are descriptive terms.

the World Wide Web

your state's Department of State website

United States Patent and Trademark Office

All of the above

all of the above

between an employer and an employee

between an independent contractor and an employer

between a trustor and trustee

All of the above

All of the above

reimbursement and indemnification

All of the above

Mediation, Arbitration, Litigation Quiz

LATEST Attempt 1 17 minutes 32 out of 40

Score for this quiz: 32 out of 40

a request for production of documents

the facts establishing Samantha’s basis for relief

attorneys arguing cases before the judges

witnesses testifying before the court

affirm the trial court’s verdict

Object to the trial court’s verdict

All litigation cases require a jury to render a verdict.

False is the correct answer

both parties meeting with the mediator

parties meeting independently with the mediator

a written settlement agreement

the neighbor can prove that Bill made the statement

Kelly and Jocelyn did not buy the house

Bill wrongfully interfered with a contractual relationship

sue Wagner for breach of contract