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BL Final Review T/F
Test Description: T/F for BL Final
Instructions: Answer all questions to get your test result.
1) The existence of both the Senate and the House of Representatives allows for various checks and balances
A
False
B
True
2) Crimes are offenses against society and torts are offenses against individuals
A
True
B
False
3) The federal Constitution is the main instrument for allocating powers between people and their governments
A
True
B
False
4) Often a mediator is brought in to negotiate a binding settlement between parties
A
True
B
False
5) The decisions of the U.S. Supreme Court that interpret or apply the constitution are final and cannot be overturned
A
True
B
False
6) All persons, including minors, are liable for their torts
A
True
B
False
7) Unless they arise from a bargained-for exchange, gifts have legal value are not consideration
A
False
B
True
8) The injured party must usually take reasonable steps to mitigate damages
A
False
B
True
9) A major provision in the UCC governing the sale of goods makes agreements or contract clauses that are unconscionable unenforceable
A
True
B
False
10) 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
11) 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
12) Grapevines and rose bushes are real property, but the grapes and roses raised would be personal property
A
True
B
False
13) In the bailment relationship, the bailor is the party who accepts possession and control
A
True
B
False
14) 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
True
B
False
15) If a person acts outside the scope of her or her authority, the principal is not bound
A
True
B
False
16) Agents may buy for themselves or sell to their relatives without violating the duty of loyalty and obedience
A
True
B
False
17) The principal's main obligation is the duty to pay what was promised for the agency services
A
True
B
False
18) Gratuitous agency occurs in cases where the agent receives no consideration and there is no contract
A
True
B
False
19) Illegal employment discrimination does not only apply in hiring but also in any term, condition, or privilege of employment
A
False
B
True
20) If the owner of a corporation dies, the present corporation would be dissolved and a new entity formed
A
False
B
True
*select an answer for all questions
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