Question 1

The Bankruptcy Reform Act of 2005 made it easier for individuals to eliminate most debts in a bankruptcy.

Accepted Answer

A) True 
 B)False

Question 2

A bankruptcy allows creditors to get at least part of their money when there are assets available to divide among the creditors.

Accepted Answer

A) True 
 B)False

Question 3

Decisions made by judges in previous cases are an important part of common law.

Accepted Answer

A) True 
 B)False

Question 4

Real property is real estate owned by individuals and businesses.

Accepted Answer

A) True 
 B)False

Question 5

Under the doctrine of strict product liability,a manufacturer can be held liable:

Accepted Answer

A)  even if when the product was introduced everyone agreed it was safe.
B)  only if the firm knowingly sold a hazardous product.
C)  only if the firm purposefully was negligent in the design or production of the product.
D)  only if the firm intentionally introduced a defective product.E) C) and D)
F) B) and C)

Question 6

Statutory law refers to written legislation.

Accepted Answer

A) True 
 B)False

Question 7

A warranty guarantees that:

Accepted Answer

A)  the seller will replace or repair the product at no charge if the customer finds a cheaper substitute.
B)  the buyer has read and understood the information provided in the owner's manual.
C)  consumers will have access to a customer complaint resolution hot line.
D)  the product sold will be acceptable for the purpose for which the buyer intends to use it.E) A) and D)
F) B) and C)

Question 8

Appellate courts hear the appeals of decisions made at the trial court level brought by the losing party in the case.

Accepted Answer

A) True 
 B)False

Question 9

An intentional tort is a willful act that results in injury.

Accepted Answer

A) True 
 B)False

Question 10

case established a precedent on the need to use job-related tests in employment practices.Similar court cases have been decided based on this decision.This is an example of:

Accepted Answer

A)  common law.
B)  statutory law.
C)  administrative law.
D)  criminal law.E) A) and D)
F) C) and D)

Question 11

The warranty you receive in the box with an iPod is an express warranty.

Accepted Answer

A) True 
 B)False

Question 12

The recent lawsuits against the tobacco industry are examples of tort law.

Accepted Answer

A) True 
 B)False

Question 13

The warranty you receive in the box with a DVD player is an implied warranty.

Accepted Answer

A) True 
 B)False

Question 14

A government policy aimed at reducing the purchase of a specific good through increased taxes has been most often applied to:

Accepted Answer

A)  beer.
B)  sports cars.
C)  white bread.
D)  diet soft drinks.E) A) and B)
F) B) and C)

Question 15

The regulation of marriages and payments for personal injuries is covered by:

Accepted Answer

A)  civil law.
B)  criminal law.
C)  appellate law.
D)  legislative law.E) A) and D)
F) B) and C)

Question 16

Both the airline and telecommunications industries have been deregulated.

Accepted Answer

A) True 
 B)False

Question 17

The recording industry's legal action against individuals who download music without paying involves the infringement of a copyright.

Accepted Answer

A) True 
 B)False

Question 18

The Environmental Protection Agency is an example of a(n) :

Accepted Answer

A)  common law agency.
B)  statutory judicial agency.
C)  private placement agency.
D)  administrative agency.E) B) and D)
F) A) and D)

Question 19

Congress prohibited discrimination against people with physical disabilities when they enacted the Americans with Disabilities Act.This is an example of common law.

Accepted Answer

A) True 
 B)False

Question 20

Without the permission of the inventor,Cheatum Automobile Manufacturing copied the engine design of an innovative competitor.Cheatum is guilty of:

Accepted Answer

A)  corporate liability.
B)  trademark infringement.
C)  profit minimization.
D)  patent infringement.E) A) and B)
F) B) and D)

Exam 24: Appendix: Working Within the Legal Environment

Under the doctrine of strict product liability,a manufacturer can be held liable:

Correct AnswerverifiedShow Answer

Real property is real estate owned by individuals and businesses.

Correct AnswerverifiedShow Answer

case established a precedent on the need to use job-related tests in employment practices.Similar court cases have been decided based on this decision.This is an example of:

Correct AnswerverifiedShow Answer

The warranty you receive in the box with an iPod is an express warranty.

Correct AnswerverifiedShow Answer

An intentional tort is a willful act that results in injury.

Correct AnswerverifiedShow Answer

Without the permission of the inventor,Cheatum Automobile Manufacturing copied the engine design of an innovative competitor.Cheatum is guilty of:

Correct AnswerverifiedShow Answer

Statutory law refers to written legislation.

Correct AnswerverifiedShow Answer

The Bankruptcy Reform Act of 2005 made it easier for individuals to eliminate most debts in a bankruptcy.

Correct AnswerverifiedShow Answer

The recent lawsuits against the tobacco industry are examples of tort law.

Correct AnswerverifiedShow Answer

Appellate courts hear the appeals of decisions made at the trial court level brought by the losing party in the case.

Correct AnswerverifiedShow Answer

The warranty you receive in the box with a DVD player is an implied warranty.

Correct AnswerverifiedShow Answer

The regulation of marriages and payments for personal injuries is covered by:

Correct AnswerverifiedShow Answer

Congress prohibited discrimination against people with physical disabilities when they enacted the Americans with Disabilities Act.This is an example of common law.

Correct AnswerverifiedShow Answer

A government policy aimed at reducing the purchase of a specific good through increased taxes has been most often applied to:

Correct AnswerverifiedShow Answer

Both the airline and telecommunications industries have been deregulated.

Correct AnswerverifiedShow Answer

Decisions made by judges in previous cases are an important part of common law.

Correct AnswerverifiedShow Answer

A warranty guarantees that:

Correct AnswerverifiedShow Answer

The recording industry's legal action against individuals who download music without paying involves the infringement of a copyright.

Correct AnswerverifiedShow Answer

The Environmental Protection Agency is an example of a(n) :

Correct AnswerverifiedShow Answer

A bankruptcy allows creditors to get at least part of their money when there are assets available to divide among the creditors.

Correct AnswerverifiedShow Answer

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