Introduction to Business Law

CHAPTER 32-INSURANCE TRUE/FALSE 1. In purchasing life insurance, Kelsey concealed the fact that she has…

CHAPTER 31-ESTATE PLANNING TRUE/FALSE 1. The Uniform Probate Code has been adopted in all states.…

CHAPTER 30-PERSONAL PROPERTY AND BAILMENT TRUE/FALSE 1. Jerry enters a restaurant and hangs his coat…

CHAPTER 29-REAL PROPERTY AND TENANT-LANDLORD LAW TRUE/FALSE 1. Landlord-tenant relationships are governed by a mixture…

CHAPTER 28-INTELLECTUAL PROPERTY TRUE/FALSE 1. A patent is available for an idea as well as…

CHAPTER 27-CYBERLAW TRUE/FALSE 1. The Internet was started in the 1960s as a project to…

CHAPTER 26-ENVIRONMENTAL LAW TRUE/FALSE 1. Weste, Inc. decided to expand by building a $50 million…

CHAPTER 25-CONSUMER LAW TRUE/FALSE 1. The Consumer Trade Commission focuses mainly on protection of consumers…

CHAPTER 24-ACCOUNTANTS' LIABILITY TRUE/FALSE 1. One of the accountant's most important roles is to serve…

CHAPTER 23-GOVERNMENT REGULATION: SECURITIES AND ANTITRUST TRUE/FALSE 1. The Sherman Act was designed to prevent…

CHAPTER 22-LIFE AND DEATH OF A CORPORATION TRUE/FALSE 1. Zach decided to incorporate his business…

CHAPTER 21-STARTING A BUSINESS: LLCS AND OTHER OPTION TRUE/FALSE 1. Corporations have perpetual existence. Answer:…

CHAPTER 20-LABOR LAW TRUE/FALSE 1. A fundamental aim of the National Labor Relations Act is…

CHAPTER 19-EMPLOYMENT DISCRIMINATION TRUE/FALSE 1. Under the Equal Pay Act of 1963 an employee may…

CHAPTER 18-EMPLOYMENT LAW TRUE/FALSE 1. During the hiring interview, Supervisor Staci told Henry that as…

CHAPTER 17-AGENCY LAW TRUE/FALSE 1. Larry decided to relocate to Germany. Larry hired Happy Homes,…

CHAPTER 16-BANKRUPTCY TRUE/FALSE 1. Under all chapters of the Bankruptcy Code, most of the debtor’s…

CHAPTER 15-SECURED TRANSACTIONS TRUE/FALSE 1. Pharm-Ace holds a patent on a drug. Pharm-Ace used the…

CHAPTER 14-NEGOTIABLE INSTRUMENTS TRUE/FALSE 1. There are two types of commercial paper: express and implied.…

CHAPTER 13-INTRODUCTION TO SALES TRUE/FALSE 1. The UCC has abolished the common law requirement of…