Business Law - Ch. 7 & 8 Review
Authored by Maggie Margrey
Business
10th Grade
Used 2+ times
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24 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The cooling-off rule gives you three business days to change your mind about a transaction that was made away from the seller’s regular place of business.
True
False
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Common carriers are liable for damages to all the goods they ship even when they are not negligent.
True
False
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Sales law applies to the sale of goods and property.
True
False
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Walmart purchased 10 new self-checkout machines and paid to have them installed. The common law of contract applies in this situation.
True
False
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Lost property must be returned to the owner if the owner can be found.
True
False
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Most property is acquired by purchase, gift or inheritance.
True
False
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Items attached to a house, such as kitchen cabinets and fixtures, are NOT considered real property.
True
False
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