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Question
(Business Law CRN 51884)
Assignment:
Exam 1 – Midterm Exam
1.
award:
2 out of
2.00 points
Billy knows that he can bring his case against Bob in a state court in Tennessee. He is unsure, however, of which county in which to proceed. Which of the following address the proper county?
Diversity jurisdiction
Subject-matter jurisdiction
Venue
In personam jurisdiction
Long-arm jurisdiction
2.
award:
2 out of
2.00 points
The defendant responds to a complaint with an answer.
True
False
3.
award:
2 out of
2.00 points
Assume a restaurant chain is forced to pay damages for breach of contract to a supplier. What type of law is involved?
Private law and civil law
Private law only
Public law only
Civil law only
Public, private, and civil law
4.
award:
2 out of
2.00 points
How many circuits does the U.S. Court of Appeals have?
6
50
12
10
13
5.
award:
2 out of
2.00 points
How is absolutism different from ethical relativism and situational ethics?
It applies virtue ethics and concentrates on the accepted values of the person at issue as well as those of the community involved.
It holds that whether an action is moral does not depend on the perspective of the person facing the ethical dilemma.
It applies corporate ethics principles.
It applies utilitarianism.
It holds that a cost-benefit analysis should be applied.
6.
award:
2 out of
2.00 points
Ann, a Massachusetts resident, breached a contract entered into in Florida with Bruce. Bruce successfully obtains a judgment against Ann for $150,000 in a Florida state court. Ann lives in a nice apartment in Massachusetts, and her only substantial asset is a vacation beach house in North Carolina. Which of the following is true regarding Bruce’s ability to obtain funds from a sale of the beach house?
Under federal law, Bruce will only be able to sell the beach house through attachment jurisdiction if after two years Ann has failed to satisfy the judgment, and any sums received in excess of amounts owed to Bruce go the Federal Housing Administration.
Bruce will be able to sell the beach house in North Carolina through attachment jurisdiction, but he must return to Ann any funds obtained in excess of amounts owed.
Bruce will be able to sell the beach house in North Carolina through attachment jurisdiction, and he is entitled to keep any funds obtained in excess of amounts owed.
Bruce is only entitled to obtain funds from property located in Florida, the location of the lawsuit, or from Massachusetts, Ann’s domicile, and cannot benefit from the property in North Carolina.
Bruce is only entitled to obtain funds from property located in Florida, the location of the lawsuit, and cannot benefit from the property in North Carolina.
7.
award:
2 out of
2.00 points
Which type of legal system exists in North Korea?
Civil legal system
Asian legal system
Islamic legal system
Socialist legal system
Common law legal system
8.
award:
2 out of
2.00 points
What does the free-exercise clause of the First Amendment provide?
Government cannot make a law referencing religion in any manner.
Government cannot make a law prohibiting choice in relation to religion.
That only religions recognized when the First Amendment was passed are entitled to recognition and protection.
Government cannot make a law establishing a religion.
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