Business Law & Finance Final Review by Jen Harris https://padlet.com/jennifer_cline/ths1uwkwxf74 Write 1 multiple choice review question from your section of the review. Post it here with a star next to the correct answer. It will be used for a class review game prior to the exam. (Put your initials in the title!) en-us 2018-05-31 14:27:47 UTC 2018-05-31 15:42:19 UTC hello@padlet.com TV https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264808273 What is one defense for negligence?

a)stupidity
b)assumption of risk
c)injury
d) brain - aneurysms]]> 2018-05-31 14:57:40 UTC https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264808273 PG https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264808641 If you own a dangerous animal and it injures someone, you are liable. What is this called?
a) tort
b) misdemeanor
c) strict liability***
d) vicarious liability]]> 2018-05-31 14:58:45 UTC https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264808641 LF https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264808929 Which of the following is a way to terminate an offer?
a) Revocation
b)Rejection by the offeree
c)A Counteroffer
d) All of the above]]> 2018-05-31 14:59:36 UTC https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264808929 andrea f https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264809710 a civil wrong that you are also careless
a)tort
b)negligence*
c)wrong doing
a award to compensate an injury
a)lawsuit
b)battery
c) damages*]]> 2018-05-31 15:01:42 UTC https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264809710 AMB https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264809940 Also known as theft
A) damages
B) larceny
C) tort
D) duty]]> 2018-05-31 15:02:27 UTC https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264809940 HC https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264810171 What is a transfer of ownership without receiving anything in return?
A) unilateral transfer
B) bilateral transfer
C) gift
D) forebearance]]> 2018-05-31 15:03:14 UTC https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264810171 CJ https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264810549 What is a Jury's decision called?
A) Verdict
B) Judgement
C) Crime
D) Ruling]]> 2018-05-31 15:04:15 UTC https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264810549 RS https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264810805 Which of the following is a requirement of a contract?
A: Must be between 3 or more parties
B: Capacity
C: Must be written
D: Both B & C]]> 2018-05-31 15:05:05 UTC https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264810805 AMB https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264811289 What is a civil wrong?
A) crime
B) breach of duty
C) tort
D) liability]]> 2018-05-31 15:06:35 UTC https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264811289 HC https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264811571 What is an agreement that a debt exists and on the amount of debt?
A) unliquidated debt
B) satisfaction
C) accord
D) liquidated debt]]> 2018-05-31 15:07:27 UTC https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264811571 ARB https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264812043 The person promising the action?
A) donor
B) donee
C) plaintiff
D) offeror]]> 2018-05-31 15:08:53 UTC https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264812043 JS https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264812485 A written summons from a judge commanding a witness to appear in court

Subpoena]]> 2018-05-31 15:10:17 UTC https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264812485 Tyler https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264813104  Italicized = Correct
What ways can you eliminate uncertainty in an offer? 
A) Options 
B) Firm Offer 
C) Written Endorsement 
D) Degree of Certitude 

What is it called when a party uses an improper threat or action to obtain an expression of agreement? 
A)      Harassment 
B)      Duress 
C)      Abuse of Position 
D)      Unethical 

When one party in a contract is in a position of trust and then wrongfully dominates the other party. 
A)      Harassment 
B)      Decipiat 
C)      Abuse of Position 
D)      Unethical 

When one party holds an incorrect belief about the terms of the contract. 
A)      Void Contract 
B)      Unilateral Mistake 
C)      Fraudulent Misrepresentation 
D)      Active Concealment 

 

]]> 2018-05-31 15:12:03 UTC https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264813104 ARB https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264814599 A token amount that is paid when an amount is not known?
A) Illusory Promise
B) Accord
C) Nominal Consideration
D) Detriment  ]]> 2018-05-31 15:17:24 UTC https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264814599 SBS https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264817256 what is an important fact in a contract?
a) crucial fact
b) material fact
c) essential fact]]> 2018-05-31 15:26:57 UTC https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264817256 UD https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264817626 2018-05-31 15:28:28 UTC https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264817626 DMM https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264818209  A seller unknowingly makes a statement that turns out to be untrue.
a) Innocent misrepresentation *
b) Fraudulent misrepresentation 
c) misrepresentation]]> 2018-05-31 15:30:35 UTC https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264818209 WSP https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264820886 An important fact of a contract
A.) Contractual facts
B.) Material Facts
C.) Defined facts]]> 2018-05-31 15:41:02 UTC https://padlet.com/jennifer_cline/ths1uwkwxf74/wish/264820886