Exam Law
Final Exam Final Quiz Multiple choice Quiz
Exam 1
1) George, an employee, breaches a fixed-term employment contract by quitting before the end of the term. What can his employer, MNO Inc. recover as damages?
A. All amounts already paid to the employee under the contract.
B. The costs of hiring a replacement employee plus any increase in salary paid to the replacement employee.
C. Nothing, because courts do not order anyone to perform a job against his or her will.
D. Only amounts paid to the employee for which the employee has not yet done the work.
2) In a guaranty arragement, the guarantor:
A. Promises to pay the debt of another if that person does not pay.
B. Promises to assume responsibility for the quality of goods.
C. Promises to pay the debt of another in any circumstances.
D. Promises to pay the debt of another contingent up the happening of some external event.
3) Which of the following is a distinguishing feature of a common law legal system?
A. The sole source of law is a comprehensive civil code
B. Requiring guilt be proven beyond a reasonable doubt
C. An appeal process
D. The making of law by the judges and the following of precedent
4) If a corporation is properly incorporated in one state and wants to do business in second state, the corporation:
A. Register with the Interstate Corporation Commission.
B. Must do nothing because being incorporated in one state entitles the corporation to do business in all states.
C. May be required to obtain a certificate of authority from the second state.
D. Must incorporate in the second state.
5) If an LLC fails to follow formalities such as keeping minutes of meetings, then which of the following is true?
A. This failure will not result in imposing personal liability on any member.
B. All
Exam 1
1) George, an employee, breaches a fixed-term employment contract by quitting before the end of the term. What can his employer, MNO Inc. recover as damages?
A. All amounts already paid to the employee under the contract.
B. The costs of hiring a replacement employee plus any increase in salary paid to the replacement employee.
C. Nothing, because courts do not order anyone to perform a job against his or her will.
D. Only amounts paid to the employee for which the employee has not yet done the work.
2) In a guaranty arragement, the guarantor:
A. Promises to pay the debt of another if that person does not pay.
B. Promises to assume responsibility for the quality of goods.
C. Promises to pay the debt of another in any circumstances.
D. Promises to pay the debt of another contingent up the happening of some external event.
3) Which of the following is a distinguishing feature of a common law legal system?
A. The sole source of law is a comprehensive civil code
B. Requiring guilt be proven beyond a reasonable doubt
C. An appeal process
D. The making of law by the judges and the following of precedent
4) If a corporation is properly incorporated in one state and wants to do business in second state, the corporation:
A. Register with the Interstate Corporation Commission.
B. Must do nothing because being incorporated in one state entitles the corporation to do business in all states.
C. May be required to obtain a certificate of authority from the second state.
D. Must incorporate in the second state.
5) If an LLC fails to follow formalities such as keeping minutes of meetings, then which of the following is true?
A. This failure will not result in imposing personal liability on any member.
B. All