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Elementary,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 363 Weeks Ago, 1 Day Ago |
| Questions Answered: | 20103 |
| Tutorials Posted: | 20155 |
MBA, PHD
Phoniex
Jul-2007 - Jun-2012
Corportae Manager
ChevronTexaco Corporation
Feb-2009 - Nov-2016
4. A trademark can be used by any company when it has not been registered with the government. Under federal trademark law, any company
Cannot register a mark that has been used in commerce.
Must put off registration until the mark is out of use for six months.
Can register the mark for protection.
Has committed trademark infringement.
6. The US Federal Aviation Administration estimates that __ of __ the million aircraft components installed each years are counterfeit, which equals approximately ___ parts.
8%, 35; 660,00
2%, 26; 520,000
7%, 26; 250,000
3%,30; 640,000
7. Kara purchases a new vehicle from Company X. The most important factor in determining whether an express warranty is created is whether
Kara expresses to Company X what she wants warranted.
Company X expresses to Kara what it expects of its customers.
Kara desire for this certain vehicle becomes part of her motivation to deal.
Company X’s promise become part of the basis of the bargain
20. A salesperson for Company r presents a materials buyer for Company G sample of their product and states that any shipment will match these samples. This statement is
Puffery
An express warranty
An implied warranty
A warranty of title
21. The Harry and Hairy Company (H&H) makes nose hair trimmers. Peter is injured while using one of these trimmers and sues the company for product liability based on negligence. To win, Peter must show that
H&H did not use due care with respect to the trimmer
H&H misrepresented a material fact regarding the trimmer
Peter was experienced in the use of trimmers
Peter was in privity of contract with H&H
23. Laura and her roommate decided that they were going to paint houses and split the profits evenly. Laura did not put this or any other formalities in writing. Unfortunately, her roommate was spooked by a bird while they were both on a painting job and her roommate knocked a bucket of paint onto an oriental rug
Laura and her roommate are personally liable
Laura and her roommate will be treated as limited partners
Laura and her roommate will be treated as separate sole proprietors
Laura and her roommate will be treated like shareholders of a corporation
27. Paul purchases and consumers a hamburger from MCBeef and becomes ill. Paul files a suit against MCBeef, where he alleges that the hamburger was not merchantable. Merchantable food is
food that is fit to eat on the basis of
Its producer’s experience
What constitutes a perfect condition
Consumer expectation
Its maker’s intentions
28 Chris is a member of Feddie’s Flooring, LLC, a limited liability company. Chris is liable for the debts of Freddie’s Flooring
To the extent of his investment in the firm
To the extent that the other members do not pay the debts
In proportion to the total number of members
To the full extent
32. If Barbeque Bill’s Restaurant places an order with Charlies’s Pizzaria for their special barbeque tomatoe sauce and Charlie’s Pizzaria fails to deliver the sauce, Barbeque Bill’s restaurant will be able to enforce the agreement; provide that the parties did not omit the following term:
quantity term
payment term
price term
delivery term
34. Balsa lunch boxes (seller) and Company Z (buyer) enter into a contract for a sale of a certain product. Balsa Lunch Boxes is a merchant who deals in goods of the kind sold. Under the UCC, an implied warranty of merchantability arises
Only in conjunction with lease contracts, not sales contracts
Only if the company Z asks for it.
Only if the Balsa Lunch Boxes does not expressly disclaim it
Automatically in sales contracts
35. Aerojam Inc. agrees to sell to JPL a certain amount of parts on a weekly basis, there is no mention, however, in the contract of where the goods shall be delivered… In general, under the UCC delivery will take place at
A “a reasonable” place of delivery
Aerojam’s place of business
JPL’s place of business
A neutral place of business halfway between the parties’ location.
40. Money laundering investigations are increasingly cress border and different juridictions face unique challenges. The following approach is necessary in fighting corruption.
All of them
Multidisciplinary approach
Cooperative approach
Collaborative approach
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