A+ Answers of the following Questions

1. In a suit between Delta Data Company and Eagle Information, Inc., the court applies the doctrine of stare decisis. This requires the court to find cases that, compared to the case before it, have
a. entirely different facts.
b. no facts, only conclusions of law.
c. precisely identical facts.
d. the same or similar facts.

2. Standard Corporation terminates Tom, who sues on the basis of age discrimination. To succeed under the Age Discrimination in Employment Act, Tom must show that at the time of the discharge, he was
a. forty or older.
b. forty or younger.
c. replaced with someone forty or older.
d. replaced with someone forty or younger.

3. Which of the following is FALSE about contracts pursuant to the Uniform Commercial Code?
a. A UCC contract must have a clear and precise price term initially in the contract for it to be valid
b. A merchant's firm offer can be valid and enforceable even without the payment of consideration.
c. Additional terms in an acceptance will as a general rule not render the acceptance invalid.
d. The UCC requires as a general rule a writing for contracts for the sale of goods $500 or more in price..

1. Which of the following is TRUE about real property?
a. In a joint tenancy with a right of survivorship, when one joint tenant dies his or her interest in the property passes automatically to the surviving joint tenant, who is typically the surviving spouse.
b. The real estate contract is the legal instrument that transfers title to real property.
c. "Quitclaim deeds" are illegal since no warranties of title are made by the grantor.
d. Real property cannot be owned concurrently in the U.S. since the government will not know exactly who is going to pay the taxes on the property.

2. Which of the following constitutes legal consideration?
A promise based upon a moral obligation.
A promise based upon past consideration.
A promise based upon a preexisting duty.

A promise based upon a change in duties and payments.

3. Workforce planning focuses on firm-level responses to ___ business issues over multiple time horizons.

1. Bill makes an offer to Ann. If Bill dies before Ann can reply, the offer
a. remains open.
b. remains open until Ann learns of Bill’s death.
c. remains open until Ann replies.
d. terminate immediately.

2. An output contract is typically
a. Illusory
b. Unconscionable
c. Voidable
d. None of the above

3. Under the U.S. constitutional system, fundamental constitutional doctrines that seek to prevent an abuse of power by the federal government are:
a. The Separation of Powers doctrine
b. The division of the federal government into three branches or divisions
c. The system of "checks and balances"
d. All of the above.

1. Which of the following is likely to be a breach of a corporate officer's/director's duty of care?
a. Failing to anticipate a drop in the consumer demand of the company's product.
b. Failing to make a reasonable investigation of relevant facts.
c. Failing to predict the startup of a new competitor.
d. Failing to foresee a severe rise in the interest rate.

2. Which of the following most likely is illegal discrimination pursuant to Title VII of the federal Civil Rights Act?
a. Not considering applicants for manufacturing sales positions because of their religious beliefs in incarnation.
b. Not hiring applicants for sales positions who are smokers of tobacco products.
c. Not hiring gay, lesbian, bisexual, or transgender employees.
d. Not hiring candidates whether male or female who are parents when extensive travel is involved with the position.

3. Athletic Goods, Inc. (AGI), agrees to sell sports equipment to Bob’s Sports Store. Before the time for performance, AGI clearly and firmly tells Bob that it will not deliver. This is
a. anticipatory repudiation.
b. perfect tender.

c. rejection of performance.
d. revocation of acceptance.

1. Which of the following is a reason to form a limited liability company rather than an S corporation?
a. There is no limit on the number of owners of a limited liability company whereas the number of shareholders of an S corporation is limited.
b. All owners of a limited liability company have limited liability, but not all owners of an S corporation have limited liability.
c. A limited liability company can be formed without formalities such as filing papers with the state whereas an S corporation requires papers to be filed with the state.
d. A limited liability company acts as a flow-through entity for income tax purposes, but an S corporation does not.

2. Which of the following statements is false?
a. To bring a legal action in the U.S. against an employer for intentional discrimination based on the Civil Rights Act, the employee must demonstrate that he or she is a member of a protected class.
b. The Family and Medical Leave Act provides up to 15 weeks of paid leave for U.S. workers who experience the birth of a child or who undergo a serious illness.
c. The National Labor Relations Board decides whether a bargaining unit is “appropriate” for a union election in the U.S. by primarily determining if a community of interest exists among the workers in the potential unit.
d. Requiring equal pay for equal work for different sexes is part of U.S. labor and discrimination law.

3. Which of the following best describes horizontal division of markets?
a. An agreement by competitors that each will only serve part of the market for their products.
b. Any action in which a company distributes some products in one geographic area and other products in another geographic area.
c. Any action in which a company charges different prices for a product depending on the geographic market.
d. The granting by a company of exclusive geographic territory to salespersons.