business law
can someone please check my answers?
1.)book,crops,furniture,and automobiles are?
a.)real property
b.)genuine property
c.)executory property
d.)goods
i chose a
2.)a party's violation of an agreement before the time for performance is called?
a.)privity of contract
b.)breach of contract
c.)anticipatory breach
d.)precipitous breach
i chose b
3.)a fact of a contract that is considered to be important to one of the parties to a contract is a fact?
a.)material
b.)unilateral
c.)crucial
d.)concealed
i chose a
4.)the voting age in the united states was lowered to 18 years in?
a.)1987
b.)1981
c.)1975
d.)1972
i chose d
5.)when a contract is partly legal and partly illegal,the court will?
a.)enforce the entire contract
b.)void the entire contract
c.)try to separate the two parts
d.)order a rewrite
i chose c
6.)if what seems to be a valid contract turns out not to be, the contract is?
a.)fraudulent
b.)deceptive
c.)defective
d.)mistaken
i chose c
7.)making a false statements under oath in court is?
a,)perjury
b.)usury
c.)breach of evidence
d.)jeopardy
i chose a
8.)the principle under which an injured party must try to minimize damages is known as?
a.)mitigation of damages
b.)privity of damages
c.)delegation of damages
d.)assignment of damages
i chose a
9.)to assign his or her rights under a contract,a person must have permission from?
a.)the other party to the contract
b.)his or her parents
c.)no one
d.)the third party assignee
i chose a
10.)land,and anything permanently attached to the land,is property?
a.)tangible
b.)real
c.)personal
d.)genuine
i chose b
11.)the jurisdiction of local courts is ?
a.)general
b.)appellate
c.)special
d.)limited
i chose a
12.)u.s. courts of appeals hear cases on appeal from?
a.)justice of peace courts
b.)circuit courts
c.)u.s. district courts
d.) intermediate courts
i chose c
1.) To determine the correct answer, we need to understand the definition of the terms given. Real property refers to land and anything permanently attached to it, such as buildings. Genuine property is not a commonly-used term in business law. Executory property is not a known concept. Goods refer to movable, tangible items that can be bought or sold. Given this information, the correct answer is d) goods, as book, crops, furniture, and automobiles are all examples of movable items that are bought and sold.
2.) To answer this question correctly, we need to understand the legal terminology. Privity of contract refers to the relationship between the parties to a contract. Breach of contract refers to a party's failure to fulfill their obligations under the contract. Anticipatory breach occurs when a party indicates they will not be able to perform their obligations before the time for performance has arrived. Precipitous breach is not a recognized term. Given this information, the correct answer is c) anticipatory breach.
3.) To answer this question, we need to understand the concept of contract law. Material facts in a contract are those that are considered important to one of the parties. Unilateral and crucial are not directly related to contract law. Concealed refers to a fact that was intentionally hidden or not disclosed. Given this information, the correct answer is a) material.
4.) To answer this question correctly, we need to know the historical background. The voting age in the United States was indeed lowered to 18 years in a certain year. Based on the options provided, the correct answer is d) 1972.
5.) To answer this question correctly, we need to understand how courts handle partially legal and partially illegal contracts. Enforcing the entire contract is not appropriate when part of it is illegal. Voiding the entire contract is also not necessary if only part of it is illegal. The court will try to separate the legal and illegal parts of the contract if possible. Given this information, the correct answer is c) try to separate the two parts.
6.) To answer this question correctly, we need to understand the possible scenarios when a seemingly valid contract is not actually valid. Fraudulent, deceptive, and mistaken are not the correct terms to describe this situation. A contract that turns out to be not valid is considered defective. Given this information, the correct answer is c) defective.
7.) To answer this question correctly, we need to understand the legal term for making false statements under oath in court. The correct term for this action is perjury. Usury refers to excessive interest rates on loans. Breach of evidence is not a recognized term. Jeopardy refers to a state of potential danger or risk. Given this information, the correct answer is a) perjury.
8.) To answer this question correctly, we need to understand the principle that applies when an injured party must try to minimize their damages. The correct term for this principle is mitigation of damages. Privity, delegation, and assignment are not the correct terms in this context. Given this information, the correct answer is a) mitigation of damages.
9.) To answer this question correctly, we need to understand the requirements for assigning rights under a contract. When assigning rights, permission is typically required from the other party to the contract. Parents, third party assignees, and no one are not the correct options. Given this information, the correct answer is a) the other party to the contract.
10.) To answer this question correctly, we need to understand the definition of property in the context of business law. Tangible property refers to things that can be physically touched or felt. Real property refers to land and anything permanently attached to it. Personal property refers to movable belongings. Genuine property is not a commonly-used term in business law. Given this information, the correct answer is b) real.
11.) To answer this question correctly, we need to understand the different types of court jurisdictions. General jurisdiction covers a wide range of cases, while appellate jurisdiction hears cases on appeal from lower courts. Special jurisdiction is limited to specific types of cases. Limited jurisdiction refers to cases where the court has restricted authority. Given this information, the correct answer is d) limited.
12.) To answer this question correctly, we need to understand the hierarchy of courts in the United States. Justice of peace courts have limited jurisdiction over minor cases. Circuit courts are typically state-level courts, not federal. U.S. district courts are trial courts for federal cases. Intermediate courts are not a recognized level of the U.S. court system. Given this information, the correct answer is c) U.S. district courts.