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WorksheetsBusiness Law Final Exam Review
Total questions: 60
Worksheet time: 30mins
If a state constitution and the U.S. Constitution conflict, which prevails?
The US Constitution
Neither prevails, the matter is referred to Congress
U. S. President Johnson signed into law a bill that Congress sent to him. The Supreme Court declared the law unconstitutional a month later. Which government branch is the Supreme Court representing?
Executive
Judicial
Ashley forgot to pack a lunch for work and finds that she is very hungry half way through her day. She knows she could easily take another persons lunch from the office refrigerator but decides not to because she would not want someone to do that to her. Which form of ethical reasoning did Ashley use?
The Golden Rule
The Greatest Good
After a terrorist bombing attack, which federal agency has jurisdiction to assist with clean up and recovery?
US Marshall
Homeland Security
Which North Carolina court would be the first to hear a case involving a misdemeanor larceny charge?
NC Court of Appeals
NC District Court
Which federal court would a plaintiff expect to originate their case and have their complaint heard by a jury?
District Court
Superior Court
U. S. President Johnson signed into law a bill that Congress sent to him. The Supreme Court declared the law unconstitutional a month later. Which government branch is Congress representing?
Executive
Legislative
When a case is heard by the U.S. Court of Appeals it will be adjudicated by a panel of _____ justices in one of _____ circuits?
9/13
3/13
What is the official term given to a defendants response to a complaint in a civil case?
Answer
Testimony
Which of the following scenarios would the N.C. Court of Appeals have jurisdiction over?
A person who has been arrested for multiple parking violations.
A felony armed robbery case that is being appealed after the case was heard by the Superior Court.
Marco and Angelica are purchasing their first home. What law requires that their contract be in writing?
Statute of frauds
Promissory estoppel
Mark purchases a piece of rare art from Jill for $5,000. The contract was written and signed by both parties. In this scenario, who is Mark?
Offeree
Donor
A detective caught a suspect who intentionally set fire to a pharmacy. He was not allowed to accept a gift from the proprietor due to:
Existing duty
promise to make a gift
Bill and Sarah agreed at lunch to a contract for landscaping services. Bill did not have the contract form for Sarah to sign. What type of contract is this?
Unenforceable
Oral
Monica has a contract with Fred’s Landscape Service to mulch her yard. After the job is finished, the contract is discharged by what method?
Operation of law
Complete performance
Greg has a contract with Steve to buy a riding lawnmower. After the contract was signed, Greg changed the price from $150 to $250 without Steve's knowledge. What method of termination is this?
Operation of law
Impossibility of Performance
Carol has agreed to make Debbie’s prom dress. Debbie has indicated that she wants her to make the dress, a cape, and gloves. Carol is pressed for time and forgot to make the gloves. What type of performance has Carol completed?
Tender of performance
Substantial performance
Nancy has a contract to buy a car from Bryan. Nancy realizes she cannot afford the car. After signing the contract, Bryan wishes he had not contracted to sell the car to Nancy. They both decide to terminate the contract by what method?
Mutual agreement
Operation of Law
Amber transfers her duty of cleaning Julie’s house to Roxanne. However, Amber is still responsible for the job. How was the contract transferred?
Breach
Delegate
Troy is identified as Mary’s agent by circumstance and created by law. Which term is used to describe Troy in this situation?
Agency by estoppel
Ratification
Fred represented Harold in a real estate transaction when Harold sold his property to Nancy. What type of authority does Fred owe Harold?
Consensual
Actual
Fred represented Harold in a real estate transaction when Harold sold his property to Nancy. What type of agency exists?
Special agent
General agent
Fred represented Harold in a real estate transaction when Harold sold his property to Nancy. What type of trust does Harold expect of Fred?
Apparent
Fiduciary
Jack asked Tammy to sell his car while he was vacationing in the Caribbean. When Tammy agreed to become Jack’s agent, she had the power to legally bind Jack to a sales contract. They had a voluntary consensual relationship. Tammy did not receive payment for the service. What term identifies Jack?
Principal
Agent
Which agency manages all federal antipollution programs and handles air, solid waste, toxic substances, and pesticides?
Federal Energy Regulatory Commission
Environmental Protection Agency
Which act establishes activities for recycling, source reduction, and sustainable agriculture, and helps to promote the conservation of energy, water, and natural resources?
Pollution Prevention Act
Clean Water Act
Which agency promotes supply and delivery of reliable, affordable, and environmentally sound energy?
Environmental Protection Agency
Department of Energy
Which agency generates safety policies and regulations for nuclear reactors and materials?
Nuclear Regulatory Commission
Federal Energy Regulatory Commission
Which act increases clean renewable fuel production, research on greenhouse gas, and improves the government’s energy performance?
Energy Independence and Security Act
Energy Policy Act
Which act was created by the U.S. Environmental Protection Agency to authorize the National Ambient Air Quality Standards (NAAQS) to assist in the creation of laws to protect the environment?
National Environmental Policy Act
Clean Air Act
Mark’s credit report indicates non-payment of a credit card bill. Mark wants to correct this error. Which act was passed by Congress to assist Mark in correcting this dispute?
Equal Credit Opportunity Act
Fair Credit Reporting Act
Catherine has $175,000 in an account at Bank of America. Which act protects her account if the bank fails?
Federal Deposit Insurance Act
Thrift and Bank Fraud Act
Bart has no chance of getting out of debt and needs to liquidate all his belongings to pay creditors. Bart should file for which type of bankruptcy?
Chapter 12
Chapter 7
Jason lost his credit card while on a recent trip. Which act will limit his liability?
Thrift and Bank Fraud Act
Home Equity Loan Consumer Protection Act
Jason lost his credit card while on a recent trip. Which act will limit his liability?
Electronic Funds Transfer Act
Home Equity Loan Consumer Protection Act
Tammy obtained a loan with an interest rate of 39.99% from a bank. Which law did this financial institution violate?
Usury law
Credit Card Act of 2009
Michelle obtained a letter from Nordstrom stating that her credit application had been approved. Michelle can spend up to $15,000 and the annual interest rate is 15.99%. Nordstrom followed which law?
Credit Card Act of 2009
Truth In Lending Law
Linda stepped into a hole and fractured her ankle while delivering a package to Carol’s residence. Which type of insurance would cover her injuries?
Life
Homeowners
After agreeing to sell her home to Jack, Lila refuses to turn over the paperwork due to a better offer from Sam. Jack needs to ask a judge to stop the sale to Sam by getting what?
Injunction
Delegation
When Rick begins his new job, he gets insurance and pays for it monthly He develops Cancer and must have radiation treatments. His insurance will not cover the radiation treatments. What term identifies this situation?
Exclusion
Expiration
Max lost his arm in a farming accident. Which type of insurance will cover this loss?
Accidental Death and Dismemberment
Long Term Care
John wants to add his new wife to his existing life insurance policy. Which type of insurance will John purchase?
Long-term care
Spouse rider
Linda decides to divorce Eric. The judge decides that Eric will pay Linda monthly for support. Which type of settlement is this?
Alimony
Damages
After a court order, Rita has been sentenced to a substance abuse center. On what grounds can Kevin file for divorce from Rita?
No-fault
Drug addiction
While married, Ron has an affair with a coworker. Sara can file for divorce on what grounds?
Conviction of a felony
Adultery
George is married to Sidney and Alexis. He then marries Tracey. The last marriage is considered illegal on what grounds?
Polygamy
Monogamy
After Tammy and George are married for a few years, Tammy finds out that George was never legally divorced from his first wife. Tammy can now file for an annulment on what grounds?
Past marriage
Age
George signed a document giving his wife permission to act on his behalf during his illness. Which term identifies the type of document George signed?
Power of attorney
Common law
After John dies, his family discovers he DOES NOT have a will. The court then appoints someone to carry out the will. What term is used to identify this person?
Administrator
Testator
Gillespie decides that he wants to create a will. He writes the will in front of a lawyer and his assistant. What are the lawyer and the assistant considered?
Guarantors
Witnesses
Bobby’s uncle dies. Bobby received his uncle’s mansion. What term describes Bobby in this scenario?
Dower
Heir
Bobby bought a beach home this past summer and wants to add it to his will. What legal document must be completed for this change?
Codicil
Intestate
Mary was in a serious car accident. She lost the ability to think on her own. She is forced to change her will by her brother. The courts can revoke the new will because she did not have what?
Acceptance
Capacity
Fred dies. His son becomes representative of the estate. What must his son do after inventorying, assembling, preserving, and appraising the estate?
Give public notice of the estate.
Sell off all assets in the estate.
ACE, Inc. sent goods f.o.b. to Tony. What does the shipment term f.o.b. mean?
Free on board
Freight on board
Larry purchased items from the flea market. Larry is always careful due to CAVEAT EMPTOR. What does this term mean?
Let the owner beware
Let the buyer beware
A door-to-door salesman intimidated Brittany into buying encyclopedias costing $300. Brittany did not want the books and decided to cancel the order. What law allows Brittany to cancel the order?
Magnuson-Moss Act
Cooling-Off Rule
Shane bought a new car. Shane parked his old car with a 'FOR SALE' sign in the driveway. What guarantees will come with the purchase of the old car?
Warranty of Title
Full warranty
Dewey Auto Sales is a car dealership. The dealership runs a weekly ad in the local newspaper. Brad and Jennifer, wanting to test-drive a car they see described in today’s ad, go to the car lot. The salesman says that the last one of those cars was just sold. The salesman says he can show them other available vehicles. What term identifies this deceptive practice?
Price-fixing
Bait and switch
Rob’s Roofing replaced shingles on Meredith’s house. When the first hard rain and wind came, the house leaked. No one at Rob’s Roofing is returning Meredith’s calls. Another roofer looked at the poor workmanship and said the job needed to be redone. Meredith cannot afford another new roof. Who can Meredith contact to help her?
BBB
EEOC
