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BLFf8ExtraCreditExam

BLFf8ExtraCreditExam - Extra Credit Exam Chapters 1 4 6 7 9...

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Extra Credit Exam: Chapters 1 – 4, 6, 7, 9 - 19 & 52 Fall 2008 Page 1 of 7 LAWS 3930-001 & -003 Business Law Fundamentals O'Hara © 2008 ___________________________________ print name on the line above as your signature INSTRUCTIONS: A. This Extra Credit Exam must be completed within the allocated time ( i.e., maximum of 55 minutes ). It is a closed book exam. B. Recall the material difference between e.g. ( for example ) versus i.e. ( that is ). C. As each student finishes this exam, that student shall return both the student's exam and the answer sheet and then leave the exam room until after the end of the exam ( e.g., all students finish in less than 60 minutes ). Class will resume after this Extra Credit Exam . D. Descriptive statistics of the class' grades will be posted to BlackBoard. An email notice of the posting will be sent. E. This Extra Credit Exam is worth 6% of the course grade . This exam is in the True-False format with 50 questions. Use computer sheet answer option A for True and B for False . Like the quizzes, this Extra Credit Exam is graded Pass = 100% and Fail = 0%; with an 80% correct answers earning a Pass. F. There are no appeals of this Extra Credit Exam or its questions . G. NOTE: A question never is false because of a section reference to the Constitution or to any statute (e.g., Amendment IX). All such section references always are true and are included solely to help the students orient themselves. Any question with a section reference can be false because of some other reason.
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Extra Credit Exam: Chapters 1 – 4, 6, 7, 9 - 19 & 52 Fall 2008 Page 2 of 7 LAWS 3930-001 & -003 Business Law Fundamentals O'Hara © 2008 EXTRA CREDIT EXAM QUESTIONS: 1. T F USA law allocates liability towards actions that are both knowing and voluntary ( e.g., assumption of the risk defense in tort ). Also, USA law favors the objective over the subjective. Knowing comes in three forms: actual knowledge ( subjective [i.e., scienter] ), receipt of notice ( objective ), and reason to know ( objective ). 2. T F Objective can be express ( i.e., words: oral or written ) or can be implied ( i.e., acts, words, and/or circumstances ). 3. T F Broadly, the law is divided into the fields of equity and of law. Equity relies upon maxims and decisions that are not precedence. In contrast, the common law relies upon rules and cases of first impression to create precedence.
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