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Business Law Mid-Term Exam 3 | Questions with Answers Verified 100% Correct
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Business Law Mid-Term Exam 3 | Questions with Answers Verified 100% Correct
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Business Law Mid-Term Exam 3 | Questions withAnswers Verified 100% Correct
When Donnie, matt, and steve, all aged 15 enter into a contract what term describes contract?
- ✔✔Voidable
Molly agrees to buy a set of glass where after talking to salesman over the phone what type of
contract is it? - ✔✔Oral
Troy is identified as Mary's agent by circumstance and created by law. Which is used to describe
Troy in this situation? - ✔✔Agency by Estoppel
Roger was discharged from his job without a cause. the employer has the right terminate his
employment without cause under which law? - ✔✔Employment at Will
Mr. Cam is owner of Van Video. Mr. Cam told Mrs. Tanner that a salesperson in this store would
receive the used videos she wanted to sell him. he had to leave to go on an errand. Frank was
the sales person. So, she left the videos, along with her name and phone number, with Frank.
When Mr. Cam returned Frank gave the videos to him. what is Frank assumed to be by Mrs.
Tanner? - ✔✔Agency by Estoppel
Ted worked at a factory that was destroyed by a fire. What benefits should Ted receive? -
✔✔Unemployment Compensation
Becca is 16 years old and her employer wants her to use the slicer and the cardboard
compactor in the deli. What act is this co. violating? - ✔✔NC Youth Employment Provisions
of the Wage and Hour Act
Fred represented Harold in a real-estate transaction when Harold sold his property to Nancy.
Who is the agent? - ✔✔Fred
, After a terrorist bomb attack, which federal agency has jurisdiction to assist with clean up and
recovery? - ✔✔Homeland Security
A North Carolina state gov. employee is accused of embezzling 4 form the state. which law
enforcement agency would have jurisdiction for the investigation? - ✔✔NC SBI
Fred represented Harold in a real-estate transaction when Harold sold his property to Nancy.
What kind of trust does Harold expect of Fred? - ✔✔Fiduciary
Wanda's employer wants to pay her less than min. wage. which law would Wanda use to
protect her current wages from being changed? - ✔✔Fair Labor Standards Act
Jack asked Tammy to sell his car while he was vacationing in the Caribbean. When Tammy
agreed to become Jack's agent, she had the power to legally bins Jack to the sales contract.
They had voluntary, consensual relationship. Tammy DID NOT receive payment for the service.
What term identifies Jack? - ✔✔Principal
During a routine traffic stop, the police realized the driver is wanted for several felonies. that
action will occur next? - ✔✔Arrest
A threat against a person's business would violate which element? - ✔✔Genuine agreement
Fred represented Harold in a real-estate transaction when Harold sold his property to Nancy.
Who is the principal? - ✔✔Harold
Jack asked Tammy to sell his car while he was vacationing in the Caribbean. When Tammy
agreed to become Jack's agent, she had the power to legally bins Jack to the sales contract.
They had voluntary, consensual relationship. Tammy DID NOT receive payment for the service
What type of Agent is Tammy? - ✔✔Gratuitous agent
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