Central Georgia Tech School

Unit 2 Challenge 1 A purpose of the Statute of Frauds is to __________.  a.)prevent one party from falsely claiming that a contract was formed in certain areas of exchange  b.)enforce the full execution of oral contracts  c.)outline the penalties for committing fraud in certain kinds of contracts  d.)ensure

Unit 1 Challenge 1 Statutory law is created by __________.  a.) the legislative branch  b.) the judicial branch  c.) all three branches of government  d.) the executive branch If the U.S. Constitution does not give the federal government explicit jurisdiction over an area of law, the jurisdiction falls to __________.  a.) the courts  b.) the states  c.) the President  d.) the people Select the true statement about substantive law in the U.S.  a.) ...

Unit 1 Challenge 3 What is a disadvantage of mediation compared to arbitration?  a.)It is possible that mediation will fail to result in resolution.  b.)Mediation is typically much more costly than arbitration.  c.)It relies on a neutral third party to ensure fairness.  d.)Mediation is more public, and thus more open to scrutiny. Why might this have occurred?  a.)The jury was instructed to decide the case as the judge wanted.  b.)The jury was hung, meaning it could not ...

Unit 1 Challenge 4 Select the strategy that would be least effective in reducing the company's criminal liability.  a.)It could encourage employees to investigate one another.  b.)It could publicly and substantively support the whistleblower who exposed the former CEO.  c.)It could hire a new CEO who outwardly prioritizes ethical behavior and leads by example.  d.)It could update its code of ethics and ensure it's frequently referenced by management. Consider what you hav...

Unit 2 Challenge 1 A purpose of the Statute of Frauds is to __________.  a.)prevent one party from falsely claiming that a contract was formed in certain areas of exchange  b.)enforce the full execution of oral contracts  c.)outline the penalties for committing fraud in certain kinds of contracts  d.)ensure that contracts formed for fraudulent purposes are preserved in writing A contract is usually rendered unenforceable when __________.  a.)the contract is formed under ...

Unit 2 Challenge 3 A man is in a car accident, and a woman who sees the accident rushes over to help him. The man ends up with permanent partial paralysis resulting from the woman's care. The injured man later sues the woman for negligence. Assuming it is true, which of the following would represent a strong defense against the negligence claim?  a.) The man knowingly and voluntarily assumed the risks associated with driving a car.  b.) The man has a documented history of speedi...

Business Law Unit 1 Challenges Sophia Business Law Unit 1 Challenges Sophia Challenge no# 1 1.The theory of legal realism is based on which of the following?  A.) Societal norms  B.) Interpretation and enforcement  C.) Human rights  D.) Coercion 2.The theory of legal positivism is based on which of the following?  a.) The social construction of laws  b.) Social and economic interests  c.) The morality of laws  d.) Due process 3.The theory of natural l...

1. James is borrowing $2000 from his employer and will pay it back at the end of 3 years. The employer lending the money asks that James pay simple interest of 3% annually. Using the simple interest formula, I=P∙ R∙T , determine how much interest James will have to payback in addition to the $2000 principal amount. I = P * R * T I = (2000)(.03)(3) payment: Principle, Rate as in decimal, Time in years = $180 $2180 2. Ryan is investing $9000 in a CD at a bank. If the bank uses simple int...

Business Law Unit 3 Challenges Sophia Business Law Unit 3 Challenges Sophia Unit no #3 Challenge no 1 Which of the following is the fundamental definition of property ownership? · a.) The right to control property · b.) The possession of property · c.) The right to exclude others from property · d.) The right to acquire property Which of the following is true of property ownership in the United States? · a.) Nonhuman legal persons, such as corporations, may own property. · ...

Business Law Unit 3 Challenges Sophia Unit no #3 Challenge no 1 Which of the following is the fundamental definition of property ownership? · a.) The right to control property · b.) The possession of property · c.) The right to exclude others from property · d.) The right to acquire property Which of the following is true of property ownership in the United States? · a.) Nonhuman legal persons, such as corporations, may own property. · b.) Property ownership has always been...