What industry are you doing business in?
Retail sales, where we are doing business as a restaurant.
What state are you doing business in?
What is your business name?
Our new business name has been checked on the SC Secretary of States websi
Legal Environment of Business - Exam 3 (M)
What are the elements of a binding contract?
A. Offer, acceptance, consideration, and assent
B. Acceptance, consideration, assent, and legal object
C. Agreement, offer, acceptance, and consideration
Chapter 3 Study Quiz
The U.S. Department of Justice is challenging a state law that has legalized marijuana.
The United States must file the suit in that state's highest court.
The state trial court in Nevada has issued a decision in which a party has
Chapter 14 Quiz
F All states require some sort of a written agreement when forming an LLC, with some requiring
a full agreement and others requiring only certain parts of the agreement be in writing.
F In an LLC, owners of the business are called associat
Chapter 10 Quiz
F The doctrine of respondeat superior makes a principal liable for negligent acts of an employeeagent but does not impose liability on the principal for the negligent acts of a nonagent
F An express termination of the agency rela
Chapter 12 Quiz
F Any time that a man and a woman work for the same employer, doing the same job, they must
be paid equally under the Equal Pay Act.
F Affirmative action programs are designed to prevent future discriminatory practices.
F Telling dirty jok
Chapter 8 Quiz
F When a buyer enters into two simultaneous contracts with two different sellers in order to
ensure that the goods they need will be available to them, this is a business tactic called covering.
F If a contract between merchants does not co
Chapter 2 Study Quiz
State governments were not subject to the Bill of Rights restrictions and protections until
the Fourteenth Amendment was passed.
When an appellate court conducts an appeal of a lower court decision they are exercising
the power of
Chapter 4 Study Quiz
F A motion for a summary judgment is generally filed after both sides have presented their cases.
T Professor Mike has just punched a student during a class. Each of the students in attendance
who witnessed the punch may be sent inter
Chapter 15 Quiz
F Day to day management of a corporation is the responsibility of the board of directors.
F Albondigas Corp. is a Spanish corporation formed in Spain with its headquarters in Madrid. In
the U.S., Albondigas Corp. would be referred to as a
Chapter 9 Study Quiz
F A plane flying from New York to Paris has crashed into the Atlantic Ocean with no survivors.
The plane's flight recorder is under two miles of water and cannot be recovered. The weather was
clear, the pilots were rested and competen
Chapter 7 Quiz
F You are a contractor and you have just installed a wood deck for a customer. The contract calls
for a payment of $5,000 upon satisfactory completion. The customer is satisfied, but states that
they cannot pay now but will pay when they ge
Chapter 6 Quiz
F Scienter must be proven to successfully bring a case of innocent misrepresentation.
F Should an adult find out that they have entered into a contract with a minor; the adult may
disaffirm the contract if they do so before the minor reache
and Corporate Governance
2015 Bill Walsh
Choice of Business Entity,
Sole Proprietorships, and
2015 Bill Walsh
14-1 Articulate the factors that business