Under the UCC, firm offers can be made:
Orally or in writing by merchants.
Orally or in writing by merchants, but only in
writing by nonmerchants.
In writing by either merchants or nonmerchants.
In writing by merchants.
Which of the following is the most accurate
A sole proprietorship is a separate legal entity
for U.S. tax purposes and thus the entity must file its own tax return.
A franchise is an association of members
comparable to a partnership organized to provide an information sharing
exchange among the members about economic issues.
Franchisors that firmly set and fix the prices
at which the franchisees can resell products or perform services may violate
A franchisor can always establish an
additional franchisee in a territory allotted to a franchisee if the franchisee
agreement is silent as to exclusivity of the territory.
The sales provisions of Article 2 of the UCC
Neither merchants nor nonmerchants.
Nonmerchants, but not to merchants.
Merchants, but not nonmerchants.
merchants and nonmerchants.
The major disadvantage of a sole proprietorship
The difficulty and cost of formation.
The unlimited liability for the
The sharing of management authority with others.
The difficulty in transferring ownership to
Common law consists of:
Laws which all nations have in common.
Laws which affect everyone, including ordinary
Rulings and opinions which have been
issued by judges when deciding previous cases.
Laws which more people are aware of.
A contract that one party may avoid without
being in breach is
Under the UCC, between merchants, if a purported
acceptance contains additional terms, there is an acceptance, and
The additional terms are not part of the
The additional terms are part of the contract.
additional terms do not become part of the contract if they materially alter
There is no contract.
Which of the following is FALSE regarding
lawsuits pursuant to Title VII of the Civil Rights Act?
An employer can be liable for discrimination
pursuant to Title VII based on the “disparate impact” theory even if
there is no evidence of intentional discrimination.
Language discrimination based on an
English-only policy can be grounds for a national origin discrimination lawsuit
if the employer does not have a legitimate business reason for requiring its
employees to speak English.
Discriminating against applicants for employment
based on their appearance because they are not sufficiently attractive, pretty,
or handsome is as a general rule a Title VII violation since the non-attractive
are discriminated against.
Sexual stereotyping of women based on
stereotypical notions of appropriate female behavior by male managers is a
violation of Title VII.