1999 Fall Midterm - Fall1999 ProfessorIsler True/False 1 2

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Business Law Midterm Fall 1999 Fall 1999 Professor Isler True/False Indicate whether the sentence or statement is true or false. ____ 1. The stability and predictability created by the law is essential to business activities. ____ 2. The federal government retains all powers not specifically delegated to the states. ____ 3. There is a specific guarantee of a right to privacy in the Constitution. ____ 4. Unintentionally causing a party to break a contract may constitute wrongful interference with a contractual  relationship. ____ 5. Disparagement of property is another term for appropriation. ____ 6. The degree of care to be exercised in a situation can vary with a person's profession or occupation. ____ 7. The doctrine of strict liability applies only to abnormally dangerous activities. ____ 8. Trade dress has the same legal protection as trademarks. ____ 9. Counterfeiting constitutes forgery. ____ 10. Under the mailbox rule, an acceptance can be valid as soon as it is sent. Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. ____ 11. Alan is a judge. The function of Alan and other judges is to a. decide cases on the basis of their opinions about the issues. b. decide cases on the basis of their personal philosophical views. c. interpret and apply the laws. d. make the laws. ____ 12. Voters in North Carolina approve a new state constitution, after which the Ocean City Council passes new  ordinances, the North Carolina Department of Parks and Recreation issues new rules, and the Ocean City  Chamber of Commerce sends out new instructions. Sources of law do  not  include
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a. ordinances passed by the Ocean City Council. b. instructions issued by the Ocean City Chamber of Commerce. c. rules issued by the North Carolina Department of Parks and Recreation. d. state constitutions passed by popular vote. ____ 13. As a judge, Jay applies common law rules. These rules develop from a. decisions of the courts in legal disputes. b. regulations issued by administrative agencies. c. statutes enacted by Congress and the state legislatures. d. uniform laws drafted by legal scholars. ____ 14. In a suit against Charles, Donna obtains the cancellation of a contractual obligation, which is a. a remedy at law. b. rescission. c. restitution. d. specific performance. ____ 15. Kurt is a judge hearing the case of  Local Co. v. Macro Corp.  Applying the relevant rule of law to the facts of  the case requires Kurt to find previously decided cases that, in relation to the case under consideration, are a. as different as possible. b.
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This note was uploaded on 05/19/2011 for the course SENG 211 taught by Professor Louis during the Spring '11 term at Southwest Texas Junior College.

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1999 Fall Midterm - Fall1999 ProfessorIsler True/False 1 2

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