Donley- Final Exam- Business Law

Which of the following is an essential element of a valid contract?

• Written document

• Offer and acceptance

• Witness signature

• Government approval

What is the primary purpose of property law?

• To regulate marriage ceremonies

• To protect ownership rights

• To enforce criminal penalties

• To manage insurance claims

Which of the following is a legal requirement for marriage in most jurisdictions?

• Both parties must be over 21

• Both parties must consent

• Both parties must own property

• Both parties must have children

A bailment involves:

• The transfer of property ownership

• The temporary transfer of possession of goods

• The creation of a marriage contract

• The enforcement of criminal law

Which law protects consumers from false advertising?

• Property Law

• Consumer Protection Law

• Marriage Law

• Criminal Law

Discrimination in the workplace based on race is prohibited by:

• Property Law

• Contract Law

• Employee Discrimination Laws

• Bailment Law

Which of the following is NOT a requirement for a valid contract?

• Mutual agreement

• Lawful object

• Written form in all cases

• Consideration

What is the term for the person who temporarily receives possession of goods in a bailment?

• Bailor

• Bailee

• Lessor

• Lessee

Which of the following is an example of real property?

• A car

• A house

• A computer

• A book

Which act is most likely to be considered a violation of consumer protection rights?

• Selling a product at a discount

• Mislabeling a product’s ingredients

• Offering a warranty

• Providing a user manual