Question 1

Which of the following best defines the tort of interference with a contract?

Accepted Answer

A) It occurs when the documents submitted by a party for entering into a contract are found to contain falsified information. 
B) It occurs when one of the parties involved in a business relationship withdraws from the contract before the end of the contract period. 
C) It occurs when a business relationship has been formed, and in some way a third party intentionally causes one party to end the relationship. 
D) It occurs when a government agency helps establish the contractual terms of an agreement between two or more private vendors. 
A) It occurs when the documents submitted by a party for entering into a contract are found to contain falsified information. 
B) It occurs when one of the parties involved in a business relationship withdraws from the contract before the end of the contract period. 
C) It occurs when a business relationship has been formed, and in some way a third party intentionally causes one party to end the relationship. 
D) It occurs when a government agency helps establish the contractual terms of an agreement between two or more private vendors. C

Question 2

Which of the following is true of the Children's Online Privacy Protection Act (COPPA)?

Accepted Answer

A) It imposes certain requirements on operators of websites directed to children under the age of 13. 
B) It seeks to clarify the source of products for young consumers. 
C) It is designed to prevent the infiltration of legitimate businesses by organized crime. 
D) It makes the unauthorized use of another person's computer illegal. 
A) It imposes certain requirements on operators of websites directed to children under the age of 13. 
B) It seeks to clarify the source of products for young consumers. 
C) It is designed to prevent the infiltration of legitimate businesses by organized crime. 
D) It makes the unauthorized use of another person's computer illegal. A

Question 3

The doctrine of strict liability can make the manufacturer of a dangerously defective product liable, even if there's no proof of negligence.

Accepted Answer

A) True 
 B)False  True

Question 4

To establish the offense of criminal copyright infringement, a prosecutor needs to prove that the infringement was done for non-financial gain.

Accepted Answer

A) True 
 B)False

Question 5

An employee who picks up inventory tools from his office with the intent to deprive the  owners of the property is an example of larceny.

Accepted Answer

A) True 
 B)False

Question 6

The offering of money, entertainment, or anything of value as a corrupt payment constitutes a bribe.

Accepted Answer

A) True 
 B)False

Question 7

The tort of injurious falsehood occurs when:

Accepted Answer

A) there is an unauthorized use of another's mark or name. 
B) a person makes false statements of fact that degrade the quality of   another's goods or services. 
C) a person attempts to tarnish a trademark by using it on low-quality goods. 
D) a consumer is injured through the use of a product due to negligence on the part of the product's manufacturer. 
A) there is an unauthorized use of another's mark or name. 
B) a person makes false statements of fact that degrade the quality of   another's goods or services. 
C) a person attempts to tarnish a trademark by using it on low-quality goods. 
D) a consumer is injured through the use of a product due to negligence on the part of the product's manufacturer.

Question 8

For an act to be established as a tort of injurious falsehood, the false statements of fact must be communicated by the defendant to a third person.

Accepted Answer

A) True 
 B)False

Question 9

Disgorgement of profits refers to:

Accepted Answer

A) the prohibition on doing business with the government. 
B) the repayment of any profits received as a result of corrupt payments. 
C) employees being disallowed by companies to be reimbursed. 
D) employees being restricted from sharing confidential company information with outsiders. 
A) the prohibition on doing business with the government. 
B) the repayment of any profits received as a result of corrupt payments. 
C) employees being disallowed by companies to be reimbursed. 
D) employees being restricted from sharing confidential company information with outsiders.

Question 10

Payments made to governmental officials to obtain new business are treated as bribes by the Foreign Corrupt Practices Act.

Accepted Answer

A) True 
 B)False

Question 11

To recover for a tort based on negligence, the plaintiff must show:

Accepted Answer

A) an intention to cause the consequences of the act. 
B) a duty of the plaintiff to the tortfeasor. 
C) an act by the defendant. 
D) the breach of the tortfeasor's duty to the injured party. 
A) an intention to cause the consequences of the act. 
B) a duty of the plaintiff to the tortfeasor. 
C) an act by the defendant. 
D) the breach of the tortfeasor's duty to the injured party.

Question 12

The Racketeer Influenced and Corrupt Organizations Act provides for the recovery of three times the damages suffered by an injured party as a result of its violation.

Accepted Answer

A) True 
 B)False

Question 13

In a situation where an injured party in an accident is partly to blame for the accident, which of the following is most likely to be true under a contributory negligence system?

Accepted Answer

A) The injured party cannot recover any damages because it is partially negligent in the case. 
B) The injured party can recover damages only if his fault in causing the accident is 49% or less. 
C) The plaintiff can claim for three times the damage if the defendant is the only one at fault. 
D) The injured party cannot claim damages unless the defendant consents to it. 
A) The injured party cannot recover any damages because it is partially negligent in the case. 
B) The injured party can recover damages only if his fault in causing the accident is 49% or less. 
C) The plaintiff can claim for three times the damage if the defendant is the only one at fault. 
D) The injured party cannot claim damages unless the defendant consents to it.

Question 14

Which of the following is most likely to be a tort based on negligence? ​

Accepted Answer

A) Assault 
B) Battery 
C) Commercial disparagement 
D) Automobile accidents 
A) Assault 
B) Battery 
C) Commercial disparagement 
D) Automobile accidents

Question 15

The Racketeer Influenced and Corrupt Organizations Act includes civil sanctions as well as criminal ones.

Accepted Answer

A) True 
 B)False

Question 16

How are businesses legally obligated to protect customers' personal information in the face of computer hacking and privacy concerns?   Give three examples of personal data.   Is there one overarching privacy law in the United States? Explain. ​

Accepted Answer

Many state and federal laws require busi

Question 17

On investigation, it was found that Ken, the bookkeeper at CL Corp., had stolen money from the company's account and recorded financial transactions inaccurately to cover up for his activities. For which of the following business crimes can Ken be prosecuted?

Accepted Answer

A) Larceny 
B) Perjury 
C) Embezzlement 
D) Shoplifting 
A) Larceny 
B) Perjury 
C) Embezzlement 
D) Shoplifting

Question 18

A trademark must be registered before the holder is afforded any rights or protections for the mark.

Accepted Answer

A) True 
 B)False

Question 19

The use of rogue programs to produce abnormal computer behavior is an example of computer trespass.

Accepted Answer

A) True 
 B)False

Question 20

​ To recover damages for an intentional tort, the plaintiff is required to prove that there was a breach of duty by the tortfeasor to the plaintiff.

Accepted Answer

A) True 
 B)False

Exam 3: Business Torts and Crimes

Which of the following best defines the tort of interference with a contract?

Which of the following is true of the Children's Online Privacy Protection Act (COPPA)?

The doctrine of strict liability can make the manufacturer of a dangerously defective product liable, even if there's no proof of negligence.

To establish the offense of criminal copyright infringement, a prosecutor needs to prove that the infringement was done for non-financial gain.

An employee who picks up inventory tools from his office with the intent to deprive the owners of the property is an example of larceny.

The offering of money, entertainment, or anything of value as a corrupt payment constitutes a bribe.

The tort of injurious falsehood occurs when:

For an act to be established as a tort of injurious falsehood, the false statements of fact must be communicated by the defendant to a third person.

Disgorgement of profits refers to:

Payments made to governmental officials to obtain new business are treated as bribes by the Foreign Corrupt Practices Act.

To recover for a tort based on negligence, the plaintiff must show:

The Racketeer Influenced and Corrupt Organizations Act provides for the recovery of three times the damages suffered by an injured party as a result of its violation.

In a situation where an injured party in an accident is partly to blame for the accident, which of the following is most likely to be true under a contributory negligence system?

Which of the following is most likely to be a tort based on negligence? ​

The Racketeer Influenced and Corrupt Organizations Act includes civil sanctions as well as criminal ones.

How are businesses legally obligated to protect customers' personal information in the face of computer hacking and privacy concerns? Give three examples of personal data. Is there one overarching privacy law in the United States? Explain. ​

On investigation, it was found that Ken, the bookkeeper at CL Corp., had stolen money from the company's account and recorded financial transactions inaccurately to cover up for his activities. For which of the following business crimes can Ken be prosecuted?

A trademark must be registered before the holder is afforded any rights or protections for the mark.

The use of rogue programs to produce abnormal computer behavior is an example of computer trespass.

​ To recover damages for an intentional tort, the plaintiff is required to prove that there was a breach of duty by the tortfeasor to the plaintiff.

Introduction to Law

Courts and Court Procedures

Government Regulation of Business

Nature and Classes of Contracts

Offer and Acceptance

Capacity to Contract

Consideration

Defective Agreements

Illegal Agreements

Written Contracts

Third Parties and Contracts

Termination of Contracts

Nature of Personal Property

Special Bailments

Sales of Personal Property

Formalities of a Sale

Transfer of Title and Risk in Sales Contracts

Warranties Product Liability and Consumer Protection

Nature of Negotiable Instruments

Essentials of Negotiability

Promissory Notes and Drafts

Negotiation and Discharge

Liabilities of Parties, Holders in Due Course and Defenses

Nature and Creation of an Agency

Operation and Termination of an Agency

Employer and Employee Relations

Employees Rights

Introduction to Business Organizations

Creation and Operation of a Partnership

Dissolution of a Partnership

Nature of a Corporation

Ownership of a Corporation

Management and Dissolution of a Corporation

Principles of Insurance

Types of Insurance

Security Devices

Bankruptcy

Nature of Real Property

Transfer of Real Property

Real Estate Mortgages

Landlord and Tenant

Wills Inheritances and Trust

Filters

Which of the following is most likely to be a tort based on negligence?

How are businesses legally obligated to protect customers' personal information in the face of computer hacking and privacy concerns? Give three examples of personal data. Is there one overarching privacy law in the United States? Explain.

To recover damages for an intentional tort, the plaintiff is required to prove that there was a breach of duty by the tortfeasor to the plaintiff.