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5. Teledor Inc. and Comunika Inc. are two competing cellphone manufacturers.
Jane, a customer at Teledor, is told by an employee that Comunika phones have
weak battery back-up and are very prone to damage. The employee makes these
remarks even though he knows that they are completely false. Jane, who has
been contemplating between Teledor and Comunika, is influenced by what she
hears and purchases a Teledor phone. What kind of intentional tort should be
used against Teledor in this scenario?
Malicious prosecution
Disparagement
Battery
Appropriation
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6. Identify an accurate statement about res ipsa loquitur, a special negligence
doctrine.
It applies to cases in which injuries that occurred were not foreseeable.
It applies to cases in which the plaintiff also contributed to the negligence.
It applies to cases in which it can be assumed that the defendant was in control of the
situation in which the injuries occurred.
It requires the plaintiff to demonstrate how exactly the situation arose out of the
negligence of the plaintiff.
14. In which case will a limited partner in a limited partnership have liability that
extends beyond the contributions made by him or her?
When the limited partner provides personal guarantee for a loan taken by the
partnership
When one of the general partners withdraws from the limited partnership
When the limited partnership is involved in a tort and needs to pay compensation as
ordered by the court
When the limited partnership incurs severe losses
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15. Identify a difference between publicly held and closely held corporations.
Shareholders of publicly held corporations participate in management activities;
shareholders of closely held corporations do not.
Closely held corporations are large; publicly held corporations are comparatively
smaller.
Publicly held corporations have many shareholders; closely held corporations have
fewer shareholders.
Closely held corporations trade their shares on organized security markets; publicly
held corporations do not.
24. Which statement is true about the different types of agency relationships?
An employer-employee relationship involves complete transfer of authority to the employee.
A principal-agent relationship involves hiring an employee to enter into contracts on behalf of
the principal.
A principal-agent relationship involves assigning an employee a specific physical task to
perform.
An employer-employee relationship involves hiring an employee to act as an agent of the
employer.
25. Identify an accurate statement about the Equal Pay Act.
The act states that the employer can lower the wages of employees to remedy a wage
disparity.
The act states that wages may differ when shift differences are involved.
The act exclusively covers federal workers.
The act does not encompass private-sector employees.
26. What is true of a vertical merger?
It combines the operations of two manufacturers in the same market.
It creates increased market share.
It combines the businesses of a supplier and a customer.
It combines the operations of suppliers in the same market.
27. Tanya and Amit, married for five years, have filed for divorce. They are
being assisted by Rebecca in reaching a settlement. Rebecca is a retired
judge, who meets with them together, and individually, to discuss the
strengths and weaknesses of each of their cases. Which alternative dispute
resolution method does this scenario best exemplify?
Mini-trial
Judicial referee
Mediation
Arbitration
29. How does the Marine Protection, Research, and Sanctuaries Act, enacted in 1972,
extend environmental protection to the oceans?
By requiring the Environmental Protection Agency (EPA) to create a list of toxic air
pollutants
By removing marine sanctuaries in ocean waters
By requiring industries to obtain a permit for dumping wastes into ocean waters
By requiring industries to incur the clean up costs for contaminations caused by them
30. Which statement about personal property is true?
It exclusively refers to tangible property.
It can be owned only by one person.
It refers to property that is movable.
It exclusively encompasses real estate property.
31. What is the primary function of the International Monetary Fund (IMF)?
To create free trade zones for member countries and thereby bring them together
To provide long-term loans to developing countries
To ensure smooth and free trade flow among member countries by settling disputes
To promote international fiscal stability by providing temporary monetary assistance to
member countries
The owner has to take up legal responsibility for any torts committed in the
business.
The employer rejected the complainant despite the latter having the required
qualifications.
The employer sought applications from people with qualifications better than the
complainant's.
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34. What is true about Title VII of the Civil Rights Act of 1964 in the context of gender
discrimination?
36. Identify a difference between tenancy by the entirety and community property as
forms of concurrent ownership.
Tenancy by the entirety allows a spouse to transfer his or her interest without the other
spouse's consent; community property does not.
Tenancy by the entirety does not grant the rights of survivorship; community property
does.
Tenancy by the entirety passes the deceased person's complete property to the survivor;
community property passes only one-half of the property to the survivor.
Tenancy by the entirety applies to married couples; community property does not apply to
married couples.
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37. Waves, Shimmer, and Mist are manufacturers and sellers of beauty
products. Each of these companies independently decides not to sell its
products to Redefine, a cosmetic retailer. Which form of vertical restraint
does this scenario best exemplify?
Group parallelism
Conscious parallelism
Malicious boycott
Product boycott
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38. Identify the true statement about the rights and duties of partners in a
general partnership.
A partner in a general partnership has the right to have the transactions of
another partner reviewed by a court.
A partner in a general partnership has the right to compete with the partnership
by opening another business by himself or herself.
A partner in a general partnership has the right to sue the partnership or another
partner at law.
A partner in a general partnership has the right to use the facilities of the
business for personal use.
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Disparagement
Appropriation
Defamation of character
43. Identify a difference between the International Monetary Fund (IMF) and
the World Bank.
The IMF has its headquarters in Washington, DC; the World Bank in The Hague,
the Netherlands.
The IMF has more than 180 member countries; the World Bank has 60 member
countries.
The IMF grants short-term loans to member countries; the World Bank grants
long-term loans to developing countries.
44. Tracy goes to a shopping mall, and she unknowingly drops her identity card.
After a while, she realizes that the card is missing and starts looking for it. The
card is found by Ben who is also at the mall. Ben decides to contact Tracy and
return her identity card. In this scenario, what kind of property would Tracy's
identity card be?
Abandoned property
Real property
Mislaid property
Lost property
The agency relationship can be deemed void only with the consent of both the parties.
The agency relationship is formed after both the parties have agreed upon common terms.
The degree of authority of an agent is defined by the circumstances and facts of a particular scenario.
47. Identify an accurate statement about the World Trade Organization (WTO).
48. Identify the true statement about the ownership of mislaid property.
The finder of mislaid property gets complete ownership of the property against the owner of the
premises in which the property was mislaid.
The original owner cannot reclaim the ownership of mislaid property if it has been in the possession of
someone else.
The finder of mislaid property can legally acquire partial ownership of the property from the original
owner.
The owner of the region where the property was mislaid is automatically obliged to take care of the
property until the rightful owner finds
52. Tanvi was the breaching party in a breach of contract lawsuit. The court
ordered Tanvi to pay a certain amount of damages to the plaintiff. However,
Tanvi refused to pay these damages. The court has now issued a writ that
orders the county sheriff to seize and auction the property owned by Tanvi
to pay the damages owed to the plaintiff. In this scenario, what kind of writ
has been issued in the context of remedies for a breach of contract?
Writ of attachment
Writ of quo-warranto
Writ of garnishment
Writ of payment
54. The country of Tahomia entered into an agreement with the federal government
of Batang to reduce trade barriers between the two countries. However, one
state in Tahomia has certain laws that prohibit the sale of Batang-made
products. According to the constitution of Tahomia, such rules made by the
state will automatically become invalid. This scenario closely resembles which
clause of the U.S. Constitution?
The Convention Clause
The Treaty Clause
The Bilateral Treaty Clause
The Foreign Clause
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55. Identify the true statement about the formation of a limited partnership.
The contributions made by the partners in a limited partnership do not have to be
disclosed.
Limited partnerships can be formed informally among general and limited
partners.
Limited partnerships are required to disclose the nature of their business to legal
entities.
The name of a limited partnership should always include the surname of the limited
partner.
58. StacyMiller Publishers and Scriblotts are two of the largest publishing houses in
Paramond. They decide to merge for mutual benefit. What kind of merger does this
scenario best exemplify?
Horizontal merger
Vertical merger
Upward merger
Conglomerate Merger
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59. Cetria Inc. has been contracted to manufacture fighter jets for the U.S. Army, following
specific guidelines and requirements. After a week of flying the first set of delivered jets,
the jets start deteriorating and even cause injuries to the fighter pilots. However, Cetria
cannot be held liable for these defects and injuries. What defense is most likely to protect
Cetria from liability?
Government contractor defense
Generally known danger defense
Assumption of risk defense
Supervening event defense
60. Identify an accurate statement about shareholders.
They elect the board of directors of a corporation.
They handle the daily operations of a corporation.
They have several management duties.
They are agents of a corporation
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This article covers the topic for the University Of Phoenix LAW 531 Final Exam.
The author is working in the field of education from last 5 years. This article
covers the basic of LAW 531 Final Exam Assignment from UOP. Other topics
in the class are as follows:
LAW 531 Week 1 The Legal System and ADR Analysis
LAW 531 Week 1 Knowledge Check (Latest)
LAW 531 Week 1 Complete
LAW 531 Week 2 Business Forms Worksheet
LAW 531 Week 2 IRAC Brief
LAW 531 Week 2 Knowledge Check (Latest)
LAW 531 Week 2 Complete
LAW 531 Week 2 Knowledge Check (Latest)
LAW 531 Week 2 Complete
LAW 531 Week 3 IRAC Brief
LAW 531 Week 3 Knowledge Check (Latest)
LAW 531 Week 3 Complete