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Title: LAW 421 Final Exam

1
Law 421 Final exam

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Understanding roles function of law.
Learning about important authorities.
Cases where law has been changed.
Laws important for business
Laws important to society

Improving business and society
Important laws
Public Private Laws
Criminal Civil Laws
substantive procedural Laws
Solving situation misunderstanding
Starting a company
Open door policy

1) Which of the following does not result in a
decision rendered by the hearing officer?
(Chapter 4)
A. Arbitration
B. Mediation
C. Med-arb
D. Using expert evaluators
2) Jurisprudence is defined as
A. adjudication of law suits
B. the enactment of laws by a government body
C. the science and philosophy of law
D. the duties and obligations owed by a citizen

3) The state of Kansas has enacted a new law
requiring all commercial trucks driving on Kansas
roads to have special mud flaps installed. These
mud flaps have been proven to make driving in the
rain significantly safer due to reduced mist
created by trucks driving in the rain, although
data regarding accidents and injuries has not yet
been determined. Any truck entering Kansas must
have these flaps installed or will be subject to
a significant fine and delay. The cost for
purchase and installation of these flaps is
1,000 per truck. In short, trucks must have
these flaps or go around the state. This Kansas
law (Chapter 2)
A. is valid because it only applies to Kansas
roads and such a law is entirely intrastate
B. is valid because Kansas's right to protect its
citizens under its police powers will override
any outside challenges to this law
C. is invalid because this law is intended to
regulate interstate commerce, an enumerated
federal power
D. is invalid because although on its face it's
an intrastate law, this statute will have a
significant economic effect on interstate
commerce causing an undue burden

4) The power of preemption is derived from
A. the power of judicial review
B. the Commerce Clause
C. the Necessary and Proper Clause
D. the Supremacy Clause
5) What is the main problem with international
courts? (Chapter 25)
A. Finding judges who understand the
complexities of international law
B. Creating a body of law that reflects multiple
legal systems
C. Enforcing a ruling on sovereign nations is
difficult
D. Lack of recognition from the U.N. and WTO

6) Under the U.S. legal system, subject to some
exceptions, costs of litigation regarding both
the plaintiff and defendant (Chapter 1)
A. are all paid by the loser
B. are all paid by the winner
C. are paid for by each side with the plaintiff
and defendant paying for their own legal costs
D. are totaled by the court and then for
fairness, split in half with each side paying an
equal amount

7) Assumption of risk is a defense to
A. conversion
B. negligence
C. defamation
D. battery
8) The three stripes on Adidas clothing
represents a
A. trademark
B. trade dress
C. trade secret
D. patent

9) Generally, torts law is governed by (Chapter
9)
A. state statutory law
B. state common law
C. federal statutory law
D. constitutional law

10) The color or shape of an item, if
distinctive, is a (Chapter 24)
A. trademark
B. trade dress
C. copyright
D. patent

11) The Digital Millennium Copyright Act (1998)
provided each of the following protections EXCEPT
(Chapter 24)
A. manufacturers of CD-Writers were required to
pay 2 of their sales into a fund to be
distributed to copyright holders because the
CD-Writers could easily copy music and other
copyrighted works
B. civil and criminal penalties were established
for those who sell or manufacture products or
services that circumvent antipiracy software
C. restrictions were placed on analog recorders
and camcorders that lack antipiracy features
D. ISPs were relieved of liability for copyright
infringement by their users as long as the ISP
had no knowledge of the infringement

12) Cyber squatting describes the practice of
A. registering multiple domain names and then
selling them back to companies at inflated prices
B. hacking into a company's website to install a
virus or Trojan horse designed to steal
information but allow the site to continue
operation
C. using mechanical devises to access a company's
website multiple times to the point that traffic
to the site is slowed or blocked
D. hacking into a company's website to install a
virus designed to cause the company's website to
totally cease operation

13) Where a promise can only be accepted by the
performance of the person to whom it is offered
is an example of a/an (Chapter 6)
A. bilateral contract
B. unilateral contract
C. implied contract
D. quasi contract
14) Each of the following is a discharge by
mutual consent EXCEPT (Chapter 7)
A. accord and satisfaction
B. novation
C. rescission
D. frustration of purpose

15) When Maria comes home from work, she finds
that her yard has been mowed and trimmed. An hour
later, a man comes to her door to collect payment
for the yard work. Maria refuses to pay him
because she has never seen him before nor had she
hired him to do the work. Which of the following
is accurate? (Chapter 6)
A. This is an implied, unilateral contract, so
she must pay.
B. Maria has received unjust enrichment so a
quasi contract is formed, so she must pay.
C. The court would make Maria pay the reasonable
cost of the work to be fair to both parties.
D. Maria would not have to pay anything.

16) Harry sees an AK-47 automatic assault rifle
in a gun shop window. He inquires about the price
and is told that it is 2,500. Harry signs a
contract promising to pay the 2,500 on Friday,
taking possession of the rifle when payment is
made. On Thursday, a law is enacted making the
ownership, sale, or possession of an automatic
rifle illegal. This contract (Chapter 7)
A. automatically terminates due to impossibility
B. automatically terminates due to
impracticability
C. automatically terminates due to frustration of
purpose
D. is enforceable and not affected by the new law
because it was entered into before the law took
effect

17) Which of the following is classified as an
equitable remedy? (Chapter 7)
A. Consequential damages
B. Reformation
C. Restitution
D. Liquidated damages
18) Which of the following would not be
considered tangible? (Chapter 8)
A. A car
B. Oxygen
C. The right of ownership
D. The pen or pencil you are using

19) Which of the following is rarely awarded in
contracts cases?
A. Consequential damages
B. Compensatory damages
C. Punitive damages
D. Liquidated damages

20) With regard to consideration in a sales
contract, the UCC differs from the common law in
that (Chapter 8)
A. consideration in a sales contract may be
modified without additional consideration
B. consideration exchanged must be equal or very
closely equal in sales contracts
C. consideration is not required in sales
contracts
D. consideration in a sales contract may be
modified as long as additional consideration is
provided

21) The UCC will permit an incomplete or slightly
ambiguous contract to be enforced using each of
the following criteria EXCEPT (Chapter 8)
A. past commercial conduct
B. industry standards or norms
C. judicial input of any terms necessary to
maintain fairness
D. correspondence or verbal exchanges between the
parties

22) Two merchant companies have entered into a
contract for the sale of goods but have had no
prior dealings, which would establish a course of
conduct between them. The UCC will allow gap
fillers to apply to their contract regarding
missing terms in each of the following situations
EXCEPT (Chapter 8)
A. they have failed to specify when payment for
the goods is to be made
B. they have failed to specify where delivery of
the goods is to be made
C. they have failed to specify the quality or
grade of the goods to be delivered
D. they have failed to specify the price of the
goods to be delivered

23) When a buyer rejects nonconforming goods and
purchases the appropriate goods from a different
seller, this is an example of which of the
following (Chapter 8)
A. Cover
B. Specific Performance
C. Lawsuit for Money Damages
D. Revoking Acceptance

24) Which of these is not a requirement for
disclaiming a warranty? (Chapter 8)
A. Statutory authorization
B. A conspicuous writing
C. Explaining why the warranty is being
disclaimed
D. Including the word merchantability if
merchantability is to be disclaimed
25) "What if everyone took these same actions" is
a question sometimes called the (Chapter 5)
A. universalization approach
B. utilitarian approach
C. functionality approach
D. morality approach

26) The utilitarian approach to moral philosophy
was founded by (Chapter 5)
A. Jeremy Bentham
B. Immanuel Kant
C. Cicero
D. Kenneth Lay

27) Stan is an investment manager. He has
received money from various investors with a
promise of very high returns on their
investments. The invested money is not supplying
enough capital in order to pay the returns
promised, so he has started using new investor's
money to pay older investors. By advertising and
by word of mouth, people are anxious to invest
with Stan because of the money being paid, and
with the influx of new investors, he is able to
continue operating. Stan is (Chapter 22)
A. operating an insider trading operation
B. racketeering
C. guilty of conspiracy to defraud
D. operating a Ponzi scheme

28) Ben is the manager of a branch of a large
bank. He has regularly taken money from
customer's accounts for his own use and changed
the bank records to cover his actions. Ben is
guilty of
A. a conspiracy
B. a Ponzi scheme
C. racketeering
D. embezzlement

29) The Sarbanes-Oxley Act (2002) imposed
stricter regulations on how corporations do
business through regulations in each of the
following areas EXCEPT (Chapter 16)
A. tax compliance
B. financial reporting
C. corporate governance
D. auditing

30) Joan is the CFO of Para Corp. and is a year
from retirement. In order to guarantee herself a
very substantial bonus and to boost her
retirement package, she knowingly certifies false
financial reports making the company appear to be
much more profitable than it really is. She
further takes steps to assure that the financial
report was not reviewed through internal controls
maintained by Para Corp. Under the provisions of
the Sarbanes-Oxley Act (2002), if her fraud is
NOT part of a larger scheme, what criminal
penalties are possible for Joan? (Chapter 16)
A. 1 million in fines and up to 10 years in
prison
B. 2 million in fines and up to 12 years in
prison
C. 5 million in fines and up to 15 years in
prison
D. 10 million in fines and up to 20 years in
prison

Full command over subject
Deep analysis
Concept explained with examples
Real life application
Assignment topics are completely covered
Adhere to University
APA guidelines

This article covers the topic for the University
of Phoenix LAW 421 Final Exam.
The author is working in the field of education
from last 5 years. This article covers the basic
of LAW 421 class from UOP. Other topics in the
class are as follows
LAW 421 - Week 1 - Role and Functions of Law
Paper
LAW 421 - Week 2 - Addressing International Legal
and Ethical Issues Simulation Summary
LAW 421 - Week 3 - Case Scenarios BUGusa, Inc.
LAW 421 - Week 4 - Case Scenario Big Time
Toymaker
LAW 421 - Week 5 - Case Scenarios Grocery, Inc.,
Presentation
For further information on the above topics you
can always visit the website www.StudentWhiz.com