Business studies questionnaire

Business Administration 391: Business Law I 1. Barb sues John for negligence. The jury decides that John is a jerk but he wasn’t negligence so they award Barb $0 in compensatory damages and $1,000,000 in punitive damages. Will Barb be able to collect? A. B. C. D. 2. John carelessly bumps into Sally, knocking her to the ground. John has committed the tort of negligence A. B. C. D. 3. only if the crew intended to injure the passerby only if the crew knew the person was there only if the injury was reasonably foreseeable whether or not the crew was at fault Al tells Barb that he will buy her textbooks from the previous semester for $75. Barb agrees. Al and Barb have A. B. C. D. 5. only if Sally is injured only if Sally is not injured whether or not Sally is injured under no circumstances Martha owns a demolition company. If a passerby is injured during a demolition by Martha’s crew, under the theory of negligence Martha must pay for the injury A. B. C. D. 4. Yes, a court will never overrule a jury verdict. Yes, punitive damages are designed to punish bad behavior like John’s. No, Barb cannot collect. Yes, juries are allowed to award up to $5,000,000 before a judge reviews their decision. an unilateral contract a bilateral contract an implied-in-law contract no contract Usually, quasi contracts are imposed A. B. C. D. on parties who do not know how to read and write to avoid the unjust enrichment of one party at the expense of another by a court when the amount of money at issue is less than $100 quasi contracts are never imposed 6. When ambiguities appear in a contract, they will be construed against A. B. C. D. 7. Keith offers to sell his business to Debbie for $125,000. Debbie replies, “Your price is too high. I will buy your business for $100,000.” Debbie’s response is A. B. C. D. 8. the party with the greater bargaining power the promisor the promisee the party who drafted the contract a counteroffer a rejection of the original offer only the creation of a new offer only none of the above Bo offers to sell a laser printer to Ike, but it is lost in a fire before Ike accepts. Bo A. must obtain a similar printer for Ike, if he notifies Bo that he accepts the offer B. must obtain a similar printer for Ike, if Ike offers to pay Bo before delivery C. is not required to obtain a similar printer for Ike, because it could take an unreasonable period of time to obtain a replacement D. is not required to obtain a similar printer for Ike, because the destruction of the original printer automatically terminates the offer 9. Agatha promises to pay Betty, her niece, $5,000 if she will complete her college education. Betty eventually completes her education. Agatha is A. not required to pay because the promise induced conduct that ultimately benefited Betty B. not required to pay because Betty had indicated that she was considering attending college C. required to pay because Betty’s completion of college entitles her to payment D.