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BUA250 Business Law I Final Exam Questions With Complete Solutions
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BUA250 Business Law I Final Exam Questions With Complete Solutions
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BUA250 Business Law I Final Exam Questions WithComplete Solutions
A body of law—formed as a result of international customs,
treaties, and organizations—that governs relations among or
between nations is
Select one:
a. universal law.
b. space law.
c. national law.
d. international law. Correct Answers d. international law.
A business firm is subject only to the laws of its home nation
even when it maintains operations or otherwise does business in
other nations.
Select one:
a. True
b. False Correct Answers b. False
A buyer will be deemed to have accepted delivered goods if,
after a reasonable opportunity to inspect the goods, the buyer
does not reject them.
Select one:
a. True
b. False Correct Answers a. True
A difference between the handwriting in the body of a check and
in the signature affects the validity of the item and will bar a
holder from HDC status.
Select one:
a. True
, b. False Correct Answers b. False
A firm may be deemed a monopolist, even though it is not the
only seller in a market, because what matters is size in relation
to the market.
Select one:
a. True
b. False Correct Answers a. True
Acceptance of an offer to lease goods can be made by any
means reasonable under the circumstances, including a prompt
shipment of the goods.
Select one:
a. True
b. False Correct Answers a. True
Airbud Corporation, a U.S. firm, signs a contract with Bueno
Computadores Ltd., an Argentinean firm, for a shipment and
payment for Airbud's goods. This is
Select one:
a. indirect exporting.
b. direct exporting.
c. a distribution agreement.
d. licensing. Correct Answers b. direct exporting.
An ad is more likely to be considered fair if its benefit to
consumers or the competition outweighs any injury it might
cause to the interests of consumers.
Select one:
a. True
b. False Correct Answers a. True
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