ETH/321T Exam 2: Ethical And Legal Topics In
Business | Questions with 100% Solutions/Verified
Answers| Already Passed
Yolanda and Mack are negotiating a contract deal for sale of goods. Yolanda offers Mack $2
per pound for Mack's peanuts. Mack wants to sell them for $2.50. Under UCC, what happens
when Mack asks for the higher amount, assuming both parties are merchants? - ANSWER
Mack's change of terms is incorporated into the standing deal.
What is the most likely status of the contract for the scenario?
Jena is contracting with Brigham to purchase his car. Before the sale, a tree falls on
Brigham's car, ruining it. The contract is most likely: - ANSWER void
Read the scenario and determine what needs to take place based on the resolutions
described in the text.
Penn contracts with Lisa to do a landscape architecture project on Lisa's property. Before the
contract starts, a local city ordinance is instituted which severely limits citizens' ability to plant
certain types and numbers of plants in order to conserve water. Penn and Lisa now need to
institute a(n) __________. - ANSWER Substitution
Read the scenario and determine what needs to take place based on the resolutions
described in the text.
Sue has contracted with Rick to do a landscaping project on her property when she sells the
whole property to Sylvia. Sylvia decides she will continue to have Rick do the landscaping
project. The parties now need a(n) __________. - ANSWER Novation
Read the scenario and determine what needs to take place based on the resolutions
described in the text.
, Kyle has already contracted with Vick on a construction project. After some disagreement on
materials, location, and deadlines, they decide that the original contract is no longer valid.
Kyle and Vick now need a(n) __________. - ANSWER Accord and satisfaction
Examine the following scenario to determine which of the statements below is true
concerning trade secrets.
Matt is a manager for a seafood restaurant with a famous koi dish recipe the restaurant
considers to be a trade secret. The restaurant requires all employees to sign a nondisclosure
agreement before learning the recipe. When Matt quits the restaurant, he takes the recipe
with him to use at the next restaurant that hires him. - ANSWER The employee may be subject
to fines for revealing a trade secret.
Which of the following shows the correct answer for examples of arbitrary trademarks? -
ANSWER Target, a retail store: Example; Band-aid, a bandage manufacture: Non-Example
Based on the scenario, what is the classification of the tenancy?
Darla moves into one of Bret's spare rental units while Bret is away on vacation. Bret doesn't
even notice Darla's presence until several months later. Darla's tenancy is best classified as: -
ANSWER Tenancy at sufferance
Does the following pass the "test" of non-obviousness?
A machine that folds shirty perfectly. - ANSWER Passes test
Does the following pass the "test" of utility?
A prototype for a drone that can dig soil. - ANSWER Passes test
Which of the following would most likely be considered fair use? - ANSWER Showing a clip of a
new movie to draw audiences to come watch the movie in theatres.
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