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Quiz on Legal Aspects of Business Quiz

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1. What is the primary purpose of the Uniform Commercial Code (UCC)?

2. Which of the following is not considered intellectual property?

3. What does the term 'tort' refer to in business law?

4. What is the function of antitrust laws in business?

5. What is the effect of a breach of contract in business law?

6. What does the term 'fiduciary duty' in business law refer to?

7. What is the purpose of the Sarbanes-Oxley Act in business law?

8. In employment law, what does 'at-will employment' mean?

9. Which agency is responsible for enforcing federal laws that make it illegal to discriminate in employment?

10. What legal principle states that a party can turn to the civil court system to seek compensation for a wrong committed against them?