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Business Law Final Review Flashcards | StudBud
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Business Law Final Review
Business Law Final Review
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Answers
1
Your neighbors shed was built over your property line & has been there for 15
Tenancy in Common
Adverse Possession
Riparian Rights
Tenancy by Entirety
2
Someone legally authorized to do so represents the bride and/or groom.
covenant marriage
proxy marriage
common law marriage
ceremonial marriage
3
You have in your possession something that belongs to someone else, you are a
Donor
Donee
Bailee
Bailor
4
A signed document providing for distribution of person's property at death.
Living Will
Surety
Life Insurance
Will
5
Contract between person buying insurance and Geico.
Binder
Insurance Plan
Policy
Premium
6
Union reps negotiate employment terms with management in a process called
fair labor talks
collective bargaining
bargaining procedure
dispute settlement
7
A departing employee who may know some trade secrets are often required to sign this.
Disclaimer
Loyalty Agreement
Grievance Report
Restrictive Employment Covenant
8
Jen sells $150,000 of Star Wars figures to Toy Inc. She's entitled to commission but is fired.
Implied Contract
all of them
Public Policy
Implied Covenant
9
The state needs land owned by Mr. Crandall for a highway. This can happen due to
Subterranean Rights
Eminent Domain
Adverse Possession
Riparian Rights
10
Person who receives the insurance proceeds
Policy Holder
Beneficiary
Insurer
Recipient
11
A person's principal place of abode, or home base.
residence
community property
domicle
jurisdiction
12
A declaration by court that a marriage was never effective.
separation
annulment
divorce
limited divorce
13
The act the regulates the employment of minors
Social Security Act
Civil Rights Act
Fair Labor Standards Act
Employee Polygraph Act
14
Law that enables Fed Govt to remove food shown to cause cancer.
Delaney Amendment
Right to Health Amendment
Strict Liability
Consumer Product Safety Act
15
A marriage where parties agree that are married with the formal ceremony.
Proxy Marriage
Void Marriage
Bigamous Marriage
Common Law Marriage
16
Tim lets Dylan live in his apartment while he is away during the summer, this is called what?
Assignment
None of them
Renewal
Sublease
17
Low down payments and smaller monthly payments are advantages of
leasing car
loaning car
buying car
financing car
18
Ownership goes from seller to buyer for a price
Transfer
Delivery
Sale
Bid
19
Caveat Venditor means
Let the Buyer Beware
Let the Seller Beware
20
Food or Drug containing ingredient that reduces standard quality
Impure
Adulterated
Misbranded
Fraudulent
21
The most important consideration in awarding custody of minor children.
Financial State of Parents
Wishes of Child
Emotional State of Parents
Welfare of the Child
22
A supplemental clause added to an existing will.
Beneficiary
None of them
Codicil
Intestate
23
Cooling off rules applies to purchases of at least
$25
No limit
$50
$100
24
The agreement that creates the landlord-tenant relationship
lease
covenant
tenancy
mortgage
25
You think you were unjustly fired and want to appeal employers decision, you would
Use the Fair Act Policy
Use Collective Bargaining
File a Grievance
Claim Unjust Dismissal
26
Emily who performs the same job as Kyle must receive the same pay according to this.
Men and Women Act
Fellow Servant Rule
Equal Pay Rule
Workers Compensation
27
If Justin transfers the remaining period of lease to Connor, it is called
Assignment
Sublease
Consignment
Renewal
28
A tenant who wrongfully stays on rental property after the lease has ended is "holding over"
periodic tenancy
tenancy at sufferance
fraudulent tenancy
tenancy at will
29
A business or person who deals regularly in sale of goods
Agent
Merchant
Non-Merchant
Owner
30
In most states people can get married at what age without parental consent.
16
21
18
14
31
Right to ownership of goods.
Bill of Lading
Title
Risk of Loss
none
32
If Jake owns an apartment and rents it to Keith, Jake is called the
Landlord
Master
Tenant
Lessee
33
Katie puts her bike on front lawn with a for sale sign, she is a casual seller or?
Non-Merchant
Shipper
Merchant
Non-Shipper
34
Individuals who inherit by right of relationship.
Beneficiaries
Heirs
Fiduciaries
Executors
35
The doctrine stating that Matt can be fired from McDonald's at any time, for any reason
wrongful discharge
grievance procedure
collective bargaining
employment at will
36
Food or Drug with false/misleading labeling or packaging
Prohibited
Injurious
Adulterated
Misbranded
37
Co-ownership where persons heirs will inherit share of property, not their partners.
Adverse Possession
Tenancy by Entirety
Joint Tenancy
Tenancy in Common
38
Carson the landlord shuts off Joe's (the tenant) electricity in hopes he will move out.
Destructive Eviction
Tort
Constructive Eviction
Negligence
39
Married couples who cant reconcile their differences may seek divorce on grounds of this.
none of the above
nonsupport
incompatibility
mental cruelty
40
We get paid time and a half if we work more than how many hours?
30
25
40
50
41
Persons related by blood
common law
affinity
consanguinity
bigamy
42
Person named to carry out terms in your will.
Administrator
Codicil
Surety
Executor