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Exam 21: Appendix A: Using Technology to Manage Information

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Question 131

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Contract law is a set of laws that covers sales laws and other commercial laws.

A) True
B) False

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Question 132

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Your 15-year-old brother comes home with the great news that he has decided to buy his first car and has just agreed to give $10,000 to a complete stranger.He signed the contract and just needs to pay the stranger and pick up the car.Your dad is upset and calls the stranger to tell him your brother will not be buying the car.The stranger can:

A) sue your brother for breach of contract.
B) sue your dad for breach of contract.
C) sue your brother for specific performance.
D) do nothing.

E) All of the above
F) B) and C)

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Question 133

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Criminal law defines crimes,establishes punishments,and includes payment for personal injury.

Negligence,in tort law,deals with behavior that causes intentional harm or injury.

If in the normal course of a job an employee creates a cartoon,the copyright belongs to the employer.

A check is an example of a negotiable instrument.

Requiring a retailer to carry Performance Tires in order to sell Performance Batteries is prohibited by the Robinson-Patman Act.

__________ are the largest source of tax income received by the federal government.

If I agree to sell you my bike for $50 and we are both competent individuals we have a contract.

Several states now allow for competition in the electric power industry.Business customers,for example,can purchase their electric service from several different utility companies.This activity reflects a movement toward ________ in the utility industry.

Common law is based on the precedent of earlier court decisions.

The body of law created by court decisions rendered by judges is called __________ law.

Ford and General Motors have both been involved in major product liability cases.

The Federal Trade Commission Act of 1914 prohibits minors from entering into contracts.

Which of the following holds a company liable for damages caused by a defective product even if the firm was unaware of the defect at the time of sale?

Which of the following can review and,when necessary,overturn decisions made at the trial court level?