12 May WHICH OF THE FOLLOWING IS TRUE OF THE ASSUMPTION OF RISKS DURING DELIVERY OF GOODS?
Which of the following statements is
true of the WARN Act?
requires
employers to give notice to an at will employee that he/she is being fired.
It requires
employers to give notice of a scheduled mass layoff.
It requires
employers to give notice to employees that an unscheduled drug test will be
conducted for all employees.
It requires
employers to give notice to employees that they are being subjected to
polygraph tests.
Federal law and business leaders
alike favor ____________ as a means of governing private business ethics.
establishment
of federal regulators in all private companies to establish and enforce ethical
standards
creating
uniform statutes of business ethics
self-regulation
by companies
giving the federal
government exclusive jurisdiction regarding ethics and ethics violation
enforcement
The ___________ holds that contracts
or conspiracies in restraint are illegal only if they constitute undue or
unreasonable restraints of trade and that only unreasonable attempts to
monopolize are covered by the Sherman
Act. ?
Parker
v. Browndoctrine
rule of reason
rules of per se
legality
duty to deal
doctrine
Article 6 of the Treaty on European
Union, called the Maastricht Treaty, states the EU is founded on:
specific
performance
rule of law
stare decisis
private markets
Which of the following issues of
administrative agencies relates to the substantive outcome of agencies
rule-making and adjudicating
authority?
Enforcement of
some laws varies over time.
The reward
system usually does not make a significant distinction between excellent,
mediocre, and poor performance.
It is very
difficult to discharge unsatisfactory employees.
The
administrative process is overwhelmed with paperwork and meetings.
?Under
the regulations of interstate commerce,
activities
affecting interstate commerce do not come under the power of the deferral
government.
the states have
the exclusive power to commerce that passes across their lines.
intrastate
activities affecting interstate commerce can be regulated only by the state
governments.
regulation on
any activity is appropriate if it aids interstate commerce.
Which of the following is true of
the assumption of risks during delivery of goods?
The seller is
liable for any damages incurred to the goods during shipment.
The seller is
always responsible for shipping the goods to the buyer.
The buyer is
responsible for damages to goods when the seller is about to transfer for
shipment.
The buyer is
liable for any damages incurred to the goods during shipment.
In a(n) ___________, the shareholders
are taxed only on income
distributed.
corporation
limited
liability company
sole
proprietorship
limited
partnership
Which of the following is true in
cases where only one party drafts the contracts that contain terms that appear
vague and ambiguous to the other party?
The court will
interpret the ambiguous and vague terms against the party that drafts them.
The court will
reject the non-drafting partys attempt to reinterpret the terms after the
contract has been signed.
The court will
interpret the terms as they mean in the common language.
The court will
declare the drafting partys behavior as a tort due to intentional ambiguity of
terms.
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