Leg 100 Business Law I Quiz 1

|Assignment |Complete the Chapter 2 Quiz located on the Materials page of your student website. | |30 |

1. Assume that the state of Ohio passed a hazardous waste statute, seeking to protect the general public and workers. The state statute did not violate the Commerce Clause because it imposed no restriction on interstate commerce. Both the state statute and the federal Occupational Safety and Health Act (OSHA) established job safety standards and specified worker training and employer licensing, but the requirements differed. Which statute(s) Ohio corporations had to obey? Pick the best ANALYSISwer.

10. Dan hires Eve to perform at Dan 's Club, but Eve later breaches the agreement to accept a higher-paying job at First Star Arena. Dan files a suit gainst Eve. The court will most likley: award damages to Dan.

This quiz consist of 40 multiple choice questions. The first 10 questions cover the material in Chapter 9. The second 10 questions cover the material in Chapter 10. The third 10 questions cover the material in Chapter 12. The last 10 questions cover the material in Chapter 13. Be sure you are in the correct Chapter when you take the quiz.

| This quiz consist of 40 multiple choice questions. The first 10 questions cover the material in Chapter 4. The second 10 questions cover the material in Chapter 5. The third 10 questions cover the material in Chapter 6. The last 10 questions cover the material in Chapter 8. Be sure you are in the correct Chapter when you take the quiz.

In 1816, the 2nd National Bank of the United States was chartered by Congress, establishing a branch in Maryland. In trying to protect local business and claiming the unconstitutional chartering of the National Bank, (?????as a direct response????), the state of Maryland passed legislation to impose a tax on all banks not chartered within the state (the Bank of the United States was the only bank that qualified). However, McCulloch, the cashier of BUS’ Baltimore branch, refused to pay this tax and was sued by the state. McCulloch lost in county court and the decision was reaffirmed by the appellate court.

To compliment the presentation you developed for criterion P1, you now need to produce a report where you will demonstrate higher-level skills through comparing or finding the similarities and differences between the marketing techniques used by the two organisations.

The journal article, “INSURANCE COVERAGE FOR BUSINESS TORT CLAIMS ALLEGING INTENTIONAL WRONGDOING” was published to show the rights that insurance companies have regarding denying people coverage. Sectors thesis statement is as follows, “Like the punter who kicks the ball too far, the business litigation plaintiff sometimes pleads or proves that the defendant was not merely negligent, but reckless, intentional, or malicious” (Spector, 2015. Para. 2). One example used by Larry Spector, the author, is about a kicker on a football team. If the insurance company finds an incident where the insured persons has been negligent then the company can “out kick” the coverage that they first quoted the individual with (Spector, 2015). The two main points of the article are, public policy

1.Eagle Stores, Inc. borrows $5,000 each from EZ Loan Corporation, First National Bank, and Great Products Corporation. Eagle uses its "present inventory and any thereafter acquired" to secure the loans from EZ Loan and First National. EZ Loan perfects its interest on April 1, followed by First National on April 5. Eagle buys new inventory on April 10 from Great Products and signs a security agreement, giving Great Products a purchase-money security interest (PMSI) in the new inventory. On the same day, Great Products perfects its interest and notifies EZ Loan and First National. Eagle takes possession of the new inventory on April 15. On April 20, Eagle defaults on all of the loans.

When we refer to the corporate world, what we are referring to is a world that has an abundance of social interaction caused by the drive to expand and maximize profit.There is a large mix of different social groups when you have CEO 's, clients, employee 's and many other people who can be part of a business directly or indirectly. All these different groups of people under the banner of the corporate world are required to present them selves in a certain manner to show professionalism which in turn allows their business to achieve its interests in a respectful manner. These people hold a legal and ethical relationship with certain parties due to the fact that they all entrust each others money (Dictionary.com). Due to the specific existence of the relationships between businesses and law people with much greater responsibility are placed in a fiduciary position to ensure the workers in positions below them perform to the best of their ability (Austin R & Ramsay I, 2012). They take it upon themselves to control the money of all the parties involved, by doing this they are not only executives but consumers who are obliged to use their extensive skills and knowledge in a legal and respectful manner, however having these skills leaves others who are not as skillful and knowledgeable susceptible to being unintentionally exploited. The

In the Law of Contract the phrase “mistake” & “Misrepresentation” is applied when one or both parties of a contract act under a false or mistaken understanding.

The Joint Stock Companies Act 1844, which enabled companies to be formed by "deed of settlement" and the Limited Liability Act 1855, established a general incorporation procedure which offered limited liability to shareholders and gave recognition to the company as a separate legal persona. By the Joint Stock Companies Act 1856, the deed was replaced with today's style of constitution, namely the registration of the Memorandum of Association and the Articles of Association. The contents of these are now regulated under the Companies Act 1985, and form the "constitution" of the company. It is from the original 1844 Act that the wording was adopted for s.14 of the Companies Act 1985 which makes reference to the contractual nature of the

An exemption is a clause in a contract that exempts or removes liability from one or both parties in certain circumstances. Exemption clauses are used frequently in business organization contract. These clauses apportion risk between the parties concerned and the law upholds them, assuming the parties negotiated them while drafting the contract

2. ‘A’ contracts to take in cargo for B at a foreign port. Later, A’s government declares war against the country in which the port is situated. The contract-

UNIVERSITI TUNKU ABDUL RAHMAN ACADEMIC YEAR 2005/2006 DECEMBER EXAMINATION UBML1053 BUSINESS LAW THURSDAY, 15 DECEMBER 2005 TIME: 2.00PM – 4.00PM (2 HOURS)