BUS 415 Final Exam.

1.
When statutes
are passed only after considerable study, debate and public input, this is an
example of which function of the law?

2.
What was the
U.S. Supreme Court’s reaction to a case where a business executive was found
guilty of aiding and abetting in the bribery of an Internal Revenue Service
Agent even though the Internal Revenue Service agent had been found not guilty
of the bribery in a separate trial?

3.
Which of the
following is most consistent with the Natural Law School of jurisprudence?

4.
Which of the
following statements is true regarding the relationship of law and ethics?

5.
Which of the
following is correct with regard to the relationship between law and ethics?

6.
Which of the
following is not one of the Caux Round Table Principles for International
Business?

7.
In a civil
case, which of the following is true about the order of the presentation of the
case?

8.
The U.S.
claims court hears what kind of cases?

9.
In general,
the courts in a civil law system play a much larger role in making law than in
a common law system.

10.
To be
successful in a negligence cause of action, the plaintiff must prove that the
defendant breached a duty of care that caused the plaintiff’s injuries.

11.
Which of the
following could not give rise to a strict liability in tort action for products
liability?

12.
The failure
of the manufacturer of a product to warn users of the dangerous propensities of
a product can be negligence.

13.
Types of
contracts that are commonly invalidated include the following except:

14.
When the
provider of a service provides that service without obtaining a required
license, with which kind(s) of license(s) can the service provider collect her
fee as provided in a contract?

15.
Where a
contract calls for action that violates a statute, in a breach of contract case
the court will:

16.
What
characteristics are necessary for a draft to be a check?

17.
Which of the
following will result in an instrument being nonnegotiable?

18.
Where must
the signature appear on a negotiable instrument in order to meet the signature
requirement?

19.
Articles 2
and 2(A) of the UCC cover which types of transactions:

20.
A homeowner
orally contracted to buy some custom made parts that the homeowner will use to
build a retaining wall in the homeowner’s back yard. The contract price for
these materials was $2,000. The buyer refused to take delivery even though they
were conforming. The seller is unable to sell these parts to anyone else
because they were individually designed for the homeowner. In a lawsuit against
the homeowner by the seller of the parts:

21.
A buyer
agrees to purchase “two cars” from an elevator company. All material
terms are contained in a written contract, but “two cars” is not
further defined. Which of the following evidence can be admitted if there is a
dispute over what “two cars” refers to?

22.
When an LLC
desires to do business in another state, it must obtain a(n):

23.
The uniform
law, issued in 1984 by the Committee on Corporate Laws of the American Bar
Association, that regulates the formation, operation, and termination of
corporations is:

24.
Which of the
following is true when a general partnership is converted to an LLC?

25.
Jan saw an
item at a local department store, which she considered purchasing but did not.
After getting home, she changed her mind. Her roommate was going to the same
store, so Jan asked the roommate to pick up the item for her. Jan gave her
credit card to the roommate and said, “Just sign my name; you know they
never check the signature.” The roommate purchased the item with Jan’s
credit card and signed Jan’s name. Has the roommate committed forgery?

26.
Which is true
about corporate criminal liability?

27.
Under The
Racketeer Influenced and Corrupt Organizations Act:

28.
Rover
Corporation is a regular corporation that has not elected S corporation status.
In 1992, Rover earns $100,000; in 1993, Rover distributes $50,000 to its
shareholders. Which of the following best describes the tax consequences to
Rover and its shareholders?

29.
The DEF
Corporation is incorporated in Texas. It wishes to do business in Oklahoma.
Before DEF can legally do business in Oklahoma, which of the following must it
do?

30.
John buys a
particular issue of stock that carries a stated dividend rate of 8 percent per
year; that if this dividend is not paid during a particular year, it will not
be paid in a subsequent year before common stock dividends are paid; that John
can exchange the stock for common stock in the future, at a specified exchange
price; and that if the corporation wants to, it may buy the stock back from
John at $50 per share. This stock is best described as:

31.
Which of the
following best describes the status of the employment at will doctrine in the
United States today?

32.
What is
generally the effect when an exception to the employment at will doctrine
applies?

33.
Under the
employment at will doctrine, an employment relationship can be terminated:

34.
Which of the
following items is a legal justification for paying unequal wages based on
gender?

35.
Which of the
following is a correct statement of the requirements for a bona fide
occupational qualification?

36.
Which of the
following is true about sexual harassment in the workplace?

37.
Which of the
following is true about misappropriation of trade secrets?

38.
Which of the
following is true about misappropriation of trade secrets?

39.
When can an
ordinary word such as “window” be granted trademark protection?

40.
Under
workers’ compensation, when an employee is accidentally injured on the job:

41.
Which of the
following statements best describes the workers’ compensation rules?

42.
Company
handbooks have been found to amount to a(n) ___________ exception to the
employment at will doctrine.