Final Exam Essay Example
Business Law Final Exam Fall 2012 Asano Takisawa
True/False
Indicate whether the statement is true or false.
__F_ 1. Equity is a branch of unwritten law that seeks to supply remedies of equal measure to the parties in a legal dispute.
__T_ 2. Most online dispute resolution services apply general, universal legal principles to resolve disputes.
__T_ 3. A failure to return personal property is conversion even if the rightful owner consented to the initial taking.
__T_ 4. Self-defense is a defense to negligence.
__F_ 5. A generic term is not protected under trademark law unless it acquires a secondary meaning.
__T_ 6. Any crime that requires knowledge of computer technology for its investigation is a computer crime.
__T_ 7. Corporations can be perceived as owing ethical duties to groups other than their shareholders.
__T_ 8. An action may be legal but not ethical.
__T_ 9. Some U.S. bribery laws are directed toward accountants.
__F_ 10. There are no exceptions to the rule that contracts voluntarily entered into will be enforced.
__F_ 11. An executory contract is one that has been fully performed.
__T_ 12. The terms of a shrink-wrap agreement may be enforced in the same way as the terms of other contracts.
__T_ 13. The E-Sign Act preempts the uniform version of the Uniform Electronic Transactions Act (UETA).
__T_ 14. Normally, a court of law will not question the adequacy of consideration.
__T_ 15. If there is a statute that prohibits a certain action, a contract to do it is unenforceable.
__T_ 16. Scienter exists if a party makes a statement that he or she does not believe is true.
__T_ 17. A party's oral agreement to pay another's debt is never enforceable.
__F_ 18. On a contract breach, the nonbreaching party's only option is to refuse to perform.
__T_ 19. Stocks are an example of property that does not come under UCC Article 2.
__T_ 20. Express warranties displace all inconsistent implied warranties.
True/False
Indicate whether the statement is true or false.
__F_ 1. Equity is a branch of unwritten law that seeks to supply remedies of equal measure to the parties in a legal dispute.
__T_ 2. Most online dispute resolution services apply general, universal legal principles to resolve disputes.
__T_ 3. A failure to return personal property is conversion even if the rightful owner consented to the initial taking.
__T_ 4. Self-defense is a defense to negligence.
__F_ 5. A generic term is not protected under trademark law unless it acquires a secondary meaning.
__T_ 6. Any crime that requires knowledge of computer technology for its investigation is a computer crime.
__T_ 7. Corporations can be perceived as owing ethical duties to groups other than their shareholders.
__T_ 8. An action may be legal but not ethical.
__T_ 9. Some U.S. bribery laws are directed toward accountants.
__F_ 10. There are no exceptions to the rule that contracts voluntarily entered into will be enforced.
__F_ 11. An executory contract is one that has been fully performed.
__T_ 12. The terms of a shrink-wrap agreement may be enforced in the same way as the terms of other contracts.
__T_ 13. The E-Sign Act preempts the uniform version of the Uniform Electronic Transactions Act (UETA).
__T_ 14. Normally, a court of law will not question the adequacy of consideration.
__T_ 15. If there is a statute that prohibits a certain action, a contract to do it is unenforceable.
__T_ 16. Scienter exists if a party makes a statement that he or she does not believe is true.
__T_ 17. A party's oral agreement to pay another's debt is never enforceable.
__F_ 18. On a contract breach, the nonbreaching party's only option is to refuse to perform.
__T_ 19. Stocks are an example of property that does not come under UCC Article 2.
__T_ 20. Express warranties displace all inconsistent implied warranties.