Business Law: Chapter 1

Bloodborne Pathogens – Funeral homes are required to provide specific training, protective clothing, and a vaccination against Hepatitis B under which of the OSHA standards?
Cyber Torts – Torts that arise from online conduct and becoming a huge legal problem
(ex) Online Defamation; Courtney Love v Dawn Simorgankir on Twitter
(ex) anonymous cases
Dina files a suit against Engineering Associates to enforce a written contract between the parties. Parol evidence will be admitted to prove
Select one:
a. an orally agreed-on condition.
b. contemporaneous negotiations that contradict the written contract.
c. prior negotiations that contradict the terms of the written contract.
d. any of these choices. – A
Ort Feasor – A person who perpetrates a tort.
Parole Evidence Rule – cannot use oral testimony to override a written contract
imports – goods created elsewhere, but shipped & sold in this country
Which of the following is an element of a legally binding contract?
bearer – a person in possession of an instrument
Voidable Contracts – if the person does not know he or she is entering into; the contractor lacks the mental capacity to comprehend its nature, purpose, and consequences
Necessaries – Things needed to maintain life and lifestyle, such as food, clothing, or shelter
treaty – a binding agreement between two states or international organizations, and between countries, for the U.S. are negotiated by the executive branch and approved by 2/3 of the Senate.
Gears, Inc., makes bicycles. Hope is injured while riding a Gears bike and files a suit against the maker for product liability based on misrepresentation. To succeed, Hope must show that.. – Gears misrepresented a material fact regarding the bike, on which Hope relied.
Precedent – is a decision that furnishes an example of authority for deciding subsequent cases involving identical or similar legal principles or facts.
Which оf the fоllоwing is аn element of а legаlly binding contract?
Sarbanes-Oxley Act of 2002 – Act that enhanced accountability standards for the boards of all U.S. publicly traded companies, their management, and all public accounting firms.
Apparent Authority – Occurs when the principal causes the third party to think someone is an agent. Any actions the implied agent takes will be treated as if he were an agent by courts.
mutual mistake – mistake about an important fact believed by both parties to a contract
a person in possession of a negotiable instrument who accepts the negotiable instrument in good faith and for value – holder in due course
26th Amendment – Lowered the voting age to 18

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