Liberty University BUSI 301 quiz 1 Complete solution
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1. Franz asks Joe if he will paint his office building fo
...
Liberty University BUSI 301 quiz 1 Complete solution
100% satisfied:
https://liberty.selz.com/item/busi-301-quiz-1-liberty-university-answers-completesolutions
1. Franz asks Joe if he will paint his office building for $1,000. Joe says he will do the
job for $2,000. Joe's response is
2. A unilateral contract is formed by an exchange of promises.
3. The terms agreement and contract have the same meaning.
4. Lin-Mara's company has a code of ethics and a separate code of conduct. If she
wants to be sure that she complies with the company dress code, she would
reference the code of ethics.
5. In Lucy v. Zehmer, the two parties were drinking in a bar when Lucy offered to buy
Zehmer's farm. After some negotiation, a written contract was executed. Zehmer
claimed the entire episode was a joke and he never intended to sell his farm. The
court determined that
6. That corporations have a social responsibility and that profitability should be
secondary reflects
7. Ethical misconduct not only includes illegal and unethical practices but also
includes able practices of managers and organizations.
8. Codes of ethics are insufficient and do not serve their proper purpose if they are
intended only to ensure that company policies are legal.
9. The primary difference between arbitration and other forms of ADR is that
arbitration is quicker.
10. The Federal Arbitration Act enumerates specific procedures for conducting
arbitration hearings.
11. The effects test has been used by courts to establish personal jurisdiction over
out-of-state defendants for both intentional and unintentional acts that have
caused harm to in-state plaintiffs.
12. If an Oregon corporation sues the Environmental Protection Agency, a federal
administrative agency, it may sue in either an Oregon state court or a federal
district court located in Oregon.
13. A state probate court, which hears only will and estate matters, is generally
described as having limited authority or jurisdiction.
14. The U.S. system of common law is deep-seated in the French common law established by
the Norman kings around 1066
15. Which of the following is not a true statement about the standard to be used to establish
minimal contacts when determining if a court has jurisdiction over out-of-state companies that
advertise and sell products over the Internet?
16. In January 2012, about one-third of Facebook’s users were the subject of social
experiments, without their knowledge. The other two-thirds chose to opt out of
the testing.
17. What action did Facebook’s COO, Sheryl Sandburg, take in response to the
complaint?
18. Facebook conducted a psychological test on its users to study
19. The mailbox rule is a principle stating that the offeree's response operates as an
acceptance only if it is the precise mirror image of the offer.
20. Much of the origins of the law dealt with issues related to _______.
21.
When the United States Supreme Court formally recognized their role in achieving
equality for all Americans during the civil rights movement, they were following a
________ philosophy.
22. Attorneys who work for a company and are part of the executive or mid-level
management team are specifically referred to as ________ counsel.
23. Attorneys, particularly in a business context, are also referred to as _______.
24. (p. 11) Measures of judicial action intended to compensate an injured party in a civil law
suit are called _______.
25. (p. 12) Equitable rules used in the context of Common Law rules that guide courts in
deciding cases or controversies are called equitable _______.
26. Judicial opinions are also known as the ________ of the case.
27. (p. 15) A collection of uniform legal principles focused on a particular area of traditional
state law is called ________ of the law.
28. p. 7) Trial lawyers are also referred to as _______.
29. (p. 18) ________ are recognized as binding between two parties even though no specific
statute or regulation provides for the rights of the parties.
30. (p. 4) Legal positivists believe that agreed upon laws should be uniformly and strictly
enforced and may only be changed by the government.
31. (p. 5) Law today is crucial to business by creating some degree of reliability to be used
in business planning and commercial transactions.
32. (p. 8) States tend to amend their constitutions less frequently than is the case with the
United States Constitution.
33. (p. 9) A presidential veto may be overridden by a 2/3 majority vote of the Senate.
34. (p. 4) Legal Realism is the oldest form of American jurisprudence and was founded
during the American Revolution and forms the basis for the United States
Constitution.
35. (p. 10) Courts regularly and overturn administrative agency decisions involving how
and when an agency enforces a regulation.
36. (p. 11) The power of courts to establish law in matters not specifically addressed by
statutes is very limited in common law countries.
37. (p. 11) Equitable remedies are available to compensate injured parties in both civil and
criminal lawsuits.
38. (p. 11) Most states have separate courts of law and equity.
39. (p. 12) A statute of limitations determines the maximum and minimum amounts of
monetary relief that may be granted in different types of civil law suits.
40. (p. 15) The purpose of secondary sources of law is to increase uniformity and fairness
across courts in the 50 states.
41. (p. 18) A wrongful act may violate civil law or criminal law but cannot violate both
simultaneously.
42. (p. 18) A zoning law which regulates what a landowner may or may not do with their
privately owned property is an example of a public law.
43. (p. 18) Laws which require tha
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