The community only
The shareholders only
Future generations only
The community and shareholders only
The community, shareholders, and future generations
Employers are generally liable in tort for the actions of their employees, while they are generally not liable for the actions of independent contractors.
Employers are generally liable in tort for the actions of independent contractors, while they are generally not liable for the actions of employees.
Employers are not generally liable in tort for the actions of independent contractors or for the actions of employees.
Employers are generally liable in tort for the actions of independent contractors and also for the actions of employees.
Employers are generally liable in tort for the actions of independent contractors and the actions of employees, but only if the employer has agreed to be liable in a written contract with the employee or independent contractor.
That the plaintiff could recover based upon the implied warranty of merchantability
That the plaintiff could recover based upon the implied warranty of fitness for a particular purpose
That the plaintiff could recover based on an express warranty
That the plaintiff could not recover because she waited too long in which to sue and also because she was not the direct purchaser of the fish
That the plaintiff could not recover for reasons including that the bone should not have been unexpected
limited liability partnership
limited liability company
State statutes, city ordinances, and model laws
State statutes and city ordinances, but not model laws
Sally will win because Paul’s attempted assignment would increase the duties to which she agreed.
Sally will win because all assignments are invalid without the obligor’s consent.
Sally will win unless Paul paid her the $300 in advance in which case Paul will win.
Paul will win because he may validly assign the contract without Sally’s consent.
Paul will win so long as he tells Sally about the assignment prior to the time she begins any performance whatsoever.
A sole proprietorship requires few legal formalities.
A sole proprietor has complete control of the management of the business.
The sole proprietor keeps all the profits from the business.
Profits are taxed as the personal income of the sole proprietor.
A sole proprietor is not personally liable for obligations of the business.
Gretchen is incorrect because there is a binding bilateral contract.
Gretchen is incorrect because there is a binding unilateral contract that Haley accepted by performing.
Gretchen is correct because there is no binding bilateral contract.
Gretchen is correct because there is no binding unilateral contract.
Gretchen is correct because Haley acted incorrectly by her manner of attempted acceptance.
Mitigated damages term
Liquidated damages clause
Acknowledged damages clause
Approved and acknowledged damages clause
Partial and significant
Partial and complete
Partial and substantial
Complete and substantial
Complete and significant
A limited liability partnership is considered a separate legal entity.
Limited liability partnerships are fairly new.
The business name must include “Limited Liability Partnership” or an abbreviation in the name.
The parties must file a form with the secretary of the state to create a limited liability partnership.
Each partner pays taxes on his or her share of the income of the business.
The mirror-image rule applies under the UCC the same as it is applies under common law.
The mirror-image rule that applies under common law does not apply under the UCC.
The mirror-image rule that applies under the common law applies under the UCC only if a lease is involved.
The mirror-image rule that applies under the common law applies under the UCC only if a sale of goods is involved.
The mirror-image rule under the UCC does not apply to common law.
The limited-use doctrine
The copyright-use doctrine
The fair-use doctrine
The trade-use doctrine
None of these because there is no such provision
Profit and loss owners
Competitors may not legally discover trade secrets by doing reverse engineering.
Competitors may discover secrets by going on public tours of plants and observing the use of the trade secret.
Lawful discovery of a trade secret means there is no longer a trade secret to be protected.
An invention may be considered a trade secret.
A design may be considered a trade secret.
void and voidable
enforceable and voidable
unilateral and void
mutual and enforceable
unilateral and mutual
A limited liability company
A sole proprietorship
An individual proprietorship
A general company
An S corporation
United States Constitution
Declaration of Independence
United States Code
Uniform Commercial Code
Express and unknown
Implied and understood
Acknowledged and express
Express, implied, and acknowledged
Express and implied, but not acknowledged
usage of trade
perfect tender rule
course of dealing
Because Heather violated the contract to provide a full-blooded Pomeranian, Brad is entitled to rescind the contract and also to the damages he seeks.
Because Heather violated the contract to provide a full-blooded Pomeranian, Brad is entitled to rescind the contract, but he is not entitled to the damages he seeks.
Because Heather is not guilty of any wrongdoing, Brad is entitled to no remedy, and Heather has an additional 30 days in order to honor the contract.
Because Heather is not guilty of any wrongdoing, Brad is entitled to no remedy, and Heather has an additional 60 days in order to honor the contract.
Because Heather is not guilty of any wrongdoing, Brad is entitled to no remedy, and Heather has an additional 90 days in order to honor the contract.
The agency representative was wrong, and if Monique cannot resolve the issue within the agency, she may appeal to court for judicial review.
Because the agency was set up to protect the safety of the public, the agency representative is correct unless Monique can establish that she entered into a separate contractual arrangement with the agency when she was hired that gave her the right to appeal decisions to court.
Further information is needed regarding whether the agency was an executive agency or an independent agency because while actions of an independent agency may be appealed to court, actions of an executive agency may not be appealed to court.
Further information is needed regarding whether the agency was an executive agency or an independent agency because while actions of an executive agency may be appealed to court, actions of an independent agency may not be appealed to court.
Because the agency was set up to protect the safety of the public, the agency representative is correct, and Monique has no right to a court action and no right to enter into a contractual agreement with the agency regarding appeal rights.
The offeror is the “originator of his offer.”
The offeror is the “master of his offer.”
The offeror is the “proponent of his offer.”
The offeror is the “adjudicator of his offer.”
The offeror is the “arbiter of his offer.”
The court ruled that the contract would not be enforced because one of the parties was subjectively joking.
The court ruled that the contract would not be enforced because one of the parties was joking, and a reasonable person should have known that.
The court ruled that the contract would not be enforced because the parties had been drinking although they were not intoxicated.
The court ruled that the agreement would be enforced because of the outward manifestations of agreement.
The court ruled that the contract would be enforced because of what the parties verbally said regardless of whether an objective person would have thought joking was involved.
Only if the opposing party agrees
In some states but not in others
Only if he is in federal court
Only if he is in state court
The shape of a product may be a trademark if it is nonfunctional, but the shape of a package may not be the subject of a trademark.
The shape of a product may be the subject of a trademark if it is functional, but the shape of the package may not be the subject of a trademark.
The shape of a product or package may be a trademark if it is functional.
The shape of a product or the shape of a package may be a trademark if it is nonfunctional.
The shape of a package may be a trademark if it is nonfunctional, but the shape of a product may not be the subject or a trademark.
Terms the parties outline in agreements
Rules outlined by the UCC
Terms the parties outline in agreements, custom, and rules outlined by the UCC
Terms the parties outline in agreements and custom, but not rules outlined by the UCC
General partners, limited partners, and special partners
General and special partners but not limited partners
Decisions must be legal.
Decisions must meet the criteria of a follower of the WPH Framework for Business Ethics.
Decisions must meet the requirements of the most important stakeholders.
Decisions must receive a majority vote of acceptance by employees.
Both that decisions must be legal and that decisions receive a majority vote of acceptance by employees.
It is a consensual relationship.
It may be formed by formal written contracts.
It may usually be formed by informal oral agreements.
It exists when the principal takes action to ask another individual to act on behalf of the principal.
People must be trained in the field involved in order to qualify as agents.
Barry will win because Mary was simply making an offer that he was free to decline.
Barry will win because the price was clearly insufficient for the table.
Barry will win because no acceptance occurred.
Mary will win because the auction was without reserve, and Barry had agreed to accept the highest bid.
Barry will win because he did not inform attendees in writing that the auction was without reserve.
negligent misrepresentation, fraudulent misrepresentation, and a scienter
negligent or fraudulent misrepresentation, but not a scienter misrepresentation
Neither real estate, corporate stocks, nor copyrights meet the definition of goods
Real estate and corporate stocks do not, but copyrights do meet the definition of good
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