BL Final Review T/F: Question Preview (ID: 22955)


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The existence of both the Senate and the House of Representatives allows for various checks and balances
a) True b) False c) d)
Crimes are offenses against society and torts are offenses against individuals
a) True b) False c) d)
The federal Constitution is the main instrument for allocating powers between people and their governments
a) True b) False c) d)
Often a mediator is brought in to negotiate a binding settlement between parties
a) False b) True c) d)
The decisions of the U.S. Supreme Court that interpret or apply the constitution are final and cannot be overturned
a) False b) True c) d)
All persons, including minors, are liable for their torts
a) True b) False c) d)
Unless they arise from a bargained-for exchange, gifts have legal value are not consideration
a) True b) False c) d)
The injured party must usually take reasonable steps to mitigate damages
a) True b) False c) d)
A major provision in the UCC governing the sale of goods makes agreements or contract clauses that are unconscionable unenforceable
a) True b) False c) d)
Courts will not enforce a contract that cannot be performed within one year unless there is a signed writing to prove the agreement
a) True b) False c) d)
In order for a bailment to arise, both possession and control of the goods must shift from the bailor to the bailee.
a) True b) False c) d)
Grapevines and rose bushes are real property, but the grapes and roses raised would be personal property
a) True b) False c) d)
In the bailment relationship, the bailor is the party who accepts possession and control
a) False b) True c) d)
Liability insurance is a type of social insurance that indemnifies against personal injury and property damage claims for which the insured is legally responsible
a) False b) True c) d)
If a person acts outside the scope of her or her authority, the principal is not bound
a) True b) False c) d)
Agents may buy for themselves or sell to their relatives without violating the duty of loyalty and obedience
a) False b) True c) d)
The principal's main obligation is the duty to pay what was promised for the agency services
a) True b) False c) d)
Gratuitous agency occurs in cases where the agent receives no consideration and there is no contract
a) True b) False c) d)
Illegal employment discrimination does not only apply in hiring but also in any term, condition, or privilege of employment
a) True b) False c) d)
If the owner of a corporation dies, the present corporation would be dissolved and a new entity formed
a) False b) True c) d)
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