Business Law 2

Question 1

True or False: A juvenile is arrested before the age of 18 will be tried in juvenile court even if he or she turns 18 before the case comes to trial

Answer 1

False

Question 2

True or False: a minor can affirm one part of a contract while disarming the other

Answer 2

false

Question 3

true or false: the transfer of duty is called an assignment

Answer 3

False.

Question 4

True or false: US is a country of immigrants from a variety of cultures that have the same ethical values

Answer 4

True

Question 5

T/F: the most common type of draft is a check

Answer 5

true

Question 6

T/F: a valid premarital agreement may be oral

Answer 6

false

Question 7

T/F: a person may retire at the age of 62 and receive full benifits

Answer 7

False.65

Question 8

Fraud

Answer 8

Misrepresentation knowingly made with the intention of deceiving another

Question 9

Duress

Answer 9

Unlawful pressure put on a person to perform something that they wouldn’t usually do

Question 10

Privity of contract

Answer 10

relationship between a promisor and the promisee of a contract

Question 11

Usury

Answer 11

Charging more than the max legal interest rate is this

Question 12

A contract that amounts to nothing and has no legal effect is

Answer 12

viod

Question 13

The transfer of all goods owned by a business is known as

Answer 13

total transfer

Question 14

Food/drug with false labeling is

Answer 14

misbranded

Question 15

contracts prepared from seller to buyer are

Answer 15

adhesion contacts

Question 16

A person given the authority to perform any act within the scope of business is

Answer 16

general agent

Question 17

an agents obligation to deal honestly with another party is

Answer 17

good faith