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Exam (elaborations)

Contract and Employment Law || with Error-free Solutions.

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  • Contract and Employment Law |
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Which of the following governs the sale of goods? correct answers Uniform Commercial Code Which of the following occurs when the original offer is not accepted and a new offer is returned in place of the original offer? correct answers Counter offer Which of the following is NOT part of a con...

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  • September 12, 2024
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  • Contract and Employment Law |
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Contract and Employment Law || with Error-free Solutions.
Which of the following governs the sale of goods? correct answers Uniform Commercial Code

Which of the following occurs when the original offer is not accepted and a new offer is returned
in place of the original offer? correct answers Counter offer

Which of the following is NOT part of a contract? correct answers Introduction

Which of the following occurs when one party intentionally or unintentionally does not fulfill
their contractual obligations? correct answers Breach of contract

Which of the following does NOT require a contract in writing? correct answers Goods under
$200

The acronym EEOC stands for which of the following? correct answers Equal Employment
Opportunity Commission

The Equal Pay Act focuses on the discrimination of wages based on which of the following?
correct answers Gender

Which of the following are laws which protect workers? correct answers Employment laws

Which of the following is NOT an area of employment law? correct answers Contract

Which of the following is a group formed by employees to negotiate with employers? correct
answers Union

What are pensions? correct answers Payments made to employees after they have retired

Common law governs the sale of goods. correct answers FALSE

A product sale is considered a contract. correct answers TRUE

What is the OSHA? correct answers Responses

Which of the following is the legal term for the bargain occurring when one party gives
something up and another party receives something in return? correct answers Consideration

John and Jane signed a contract for the sale of John's car. Jane breached the contract, so John
sued her. The court is requiring Jane to fulfill the original contract. This is known as which of the
following? correct answers Specific performance

Contracts are usually regulated and enforced by which of the following? correct answers The
state in which they are written

, What is a union? correct answers A group formed by employees to negotiate with the employer

What is the Equal Employment Opportunity Commission (EEOC)? correct answers Federal
agency overseeing most employment discrimination law

Which of the following is NOT an employment law area mentioned in the presentation? correct
answers Franchise agreements

occurs when the party to which the offer was made agrees to the terms of the contract; may not
be made immediately; must somehow be communicated to the party offering the contract correct
answers Acceptance

law making it unlawful to discriminate employees based on a disability correct answers
Americans with Disabilities Act of 1990

occurs when one party intentionally or unintentionally does not fulfill their contractual
obligations; awards the non-breaching party some kind of remedy under law such as monetary
damages or cancellation of the entire contract correct answers Breach of Contract

occurs when employers and employees negotiate their salary and work requirements; usually
involves the employees being represented by a union; governed by the National Labor Relations
Act; can lead to strikes and layoffs correct answers Collective Bargaining

judge-made law passed down over the years; governs everything except for the sale of goods
correct answers Common Law

able to execute the contract correct answers Competent

legal term for the bargain occurring when one party gives something up and another party
receives something in return correct answers Consideration

legally enforceable document between two or more parties creating an obligation; usually
regulated and enforced by the state in which it was made correct answers Contract

occurs when the original offer of a contract is not accepted and a new offer is returned in the
original offer's place; voids or nullifies the original offer; may be accepted, rejected or modified
by the party who made the original offer correct answers Counteroffer

law requiring employees and the Labor Department receive a detailed list of what each employee
will receive when it is time to collect their pension; prevents fraud and allows the employees to
see they are getting their fair share of money correct answers Employee Retirement Income
Security Act (ERISA)

laws aiming to prevent employment discrimination based on race, sex, age, religion or physical
disability correct answers Employment Discrimination Law

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