Question details

BUSN 311 WEEK 2 QUIZ
$ 15.00

Question 1 of 10

10.0 Points

International law includes all of the following except:

 

 

 

A.The law of sovereign foreign countries

 
 

B.Foreign custom and religious law

 

 

C.Private contracts between parties in different states in the United States

 
 

D.International treaties and conventions

 

 

Answer Key: C

 

Question 2 of 10

10.0 Points

Political risk is not affected by a weak or volatile rule of law

 

 

 

A.True

 

 

B.False

 

 

Answer Key: B

 

Question 3 of 10

10.0 Points

Which of the following is not a required element for a valid contract in the United States

 

 

 

A.offer

 
 

B.acceptance

 

 

C.price

 
 

D.consideration

 

 

Answer Key: C

 

Question 4 of 10

10.0 Points

The Statute of Frauds:

 

 

 

A.requires parties to attest that they are honest

 
 

B.mandates that parties must have legal capacity to enter a contract

 
 

C.turns a contract into a criminal case if fraud is present

 

 

D.requires that some contracts be in writing in order to be enforced

 

 

Answer Key: D

 

Question 5 of 10

10.0 Points

A counter offer is a rejection of the offer.

 

 

 

A.True

 
 

B.False

 

 

Answer Key: A

 

Question 6 of 10

10.0 Points

All of the following are defects that would trigger strict liability except:

 

 

 

A.customer using the product incorrectly

 
 

B.design defect

 
 

C.manufacturing defect

 
 

D.warning defect

 

 

Answer Key: A

 
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