Shannon Anderson-Rush
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Quiz on Business Law Review, created by Shannon Anderson-Rush on 04/06/2014.

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Shannon Anderson-Rush
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Business Law Review

Business Law Review

Question 1 of 7

1

The law that specifies the length of time for bringing a legal action is the _________.

Select one of the following:

  • Statute of Reasonable Time

  • Statute of Limitations

  • Statute of Performance

Explanation

Question 2 of 7

1

Most contracts end by _____________.

Select one of the following:

  • Agreement

  • Operation of law

  • Performance

Explanation

Question 3 of 7

1

A person who has not reached the legal age of adulthood is considered by law to be a _____.

Select one of the following:

  • Minor

  • Adolescent

  • Delinquent

Explanation

Question 4 of 7

1

A contract that contains a promise by both parties is __________.

Select one of the following:

  • Implied

  • Unilateral

  • Bilateral

Explanation

Question 5 of 7

1

The element of negligence that states the defendant did not fulfill an obligation is called

Select one of the following:

  • Breach of Duty

  • Strict Liability

  • Proximate Cause

Explanation

Question 6 of 7

1

Which of the following types of intellectual property is valid for up to 20 years and can not be renewed?

Select one of the following:

  • Patent

  • Copyright

  • Trademark

Explanation

Question 7 of 7

1

Richard builds a storage shed in his back yard that has a cement base. The walls of the shed are attached to the base. The shed is:

Select one of the following:

  • Tangible personal property

  • Real property because it’s attached to the land

  • Personal property unless Richard notifies the city where he resides that he wants the shed to be considered real property.

Explanation

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