Saint
MBA535 Module 1 Quiz 1 latest 2016 august
Question 1. Question
:
May a bailment be established without actual delivery and
acceptance of the goods?
Yes
No
Question 2. Question
:
If confusion of property is willful, each party will be
deemed the owner of a proportionate part of the mass.
True
False
Question 3. Question
:
One who purchases property from a bailee ordinarily gets
good title.
True
False
Question 4. Question
:
The bailee in a mutual-benefit bailment must take reasonable
care of the bailed property.
True
False
Question 5. Question
:
The person who temporarily gives up possession of personal
property to another.
Accession
Bailee
Bailment
Bailor
Pawn
Pledge
Question 6. Question
:
When the bailment is for the sole benefit of the bailor, may
the bailee receive the benefits of ownership during the bailment?
Yes
No
Saint
MBA535 Module 2 Quiz 2 latest 2016 august
1. Question :
A right to nonexclusive or
intermittent use of land:
Adverse Possession
Community property
Easement
Joint tenancy
License
Partition
Question 2. Question :
Does an affirmative covenant
obligate the person receiving the property to do something?
Yes
No
Question 3. Question :
When more than one person
owns land, each has the right to use and possess it.
True False
Question 4. Question :
If a husband and wife living
in a community property state divorce, all their property is divided equally
between them, regardless of when obtained.
True False
Question 5. Question :
A temporary, personal right
to do certain acts on land, but not to have any lawful claim concerning the
land.
Adverse Possession
Community property
Easement
Joint tenancy
Question 6. Question :
In a joint tenancy, if one
owner dies, the survivors own the entire property free of any interest of the
deceased.
True False
Saint MBA535 Module 3 Quiz 3 latest 2016 august
1. Question :
A voidable
contract:
Must be in writing.
May be rejected by both parties.
Gives one party the choice to abide by it or
reject it.
Is never effective.
Question 2. Question :
Only the
promisor needs to supply consideration to have an enforceable contract.
True
False
Question 3. Question :
When a
contract is required to be sealed, no substitute for an actual seal may be
used.
True
False
Question 4. Question :
An offer can
be accepted:
In any manner the person receiving it chooses
to accept it.
By putting a properly mailed acceptance in a
mailbox.
Only by the same means by which the offer was
communicated.
By fax only if it is received by fax.
Question 5. Question :
When an offer
is made:
It can be accepted within ten days.
In no state can it be revoked when it is
contained in a sealed writing.
It can be revoked even if the offeror has
promised to keep it open.
It may be revoked only at the end of three
months.
Question 6. Question :
A sales
letter is an offer if:
The wording is such as to indicate that the
writer is merely trying to evoke an offer on certain terms.
It is a circular sales letter.
It is an advertisement.
It is a personal sales letter containing an
offer.
Saint MBA535 Module 4 Quiz 4 latest 2016 august
1. Question :
If a minor
does not still have possession of property received under a contract, the
contract cannot be disaffirmed.
True
False
Question 2. Question :
If Agnes
agrees to give $1,000 to her college:
This does not require consideration.
She receives consideration from the college.
The agreement requires all the elements of any
other contract.
The agreement meets all the technical
requirements of ordinary contracts.
Question 3. Question :
Silence never
ratifies a minor’s contracts.
True
False
Question 4. Question :
The fact that
a contract is foolish and would not have been entered into by the party if
sober is sufficient to make the contract voidable.
True
False
Question 5. Question :
May a minor
ratify a contract at any time?
Yes
No
Question 6. Question :
May an adult
recover compensation from a minor who disaffirms a contract and returns
property in damaged condition?
Yes
No
Saint MBA535 Module 5 Quiz 5 latest 2016 august
1. Question :
A mistake as
to the terms of the contract does not affect the validity of a written
contract.
True
False
Question 2. Question :
In order to
establish fraud to invalidate a contract:
A false statement could be made recklessly
rather than intentionally.
One party must make a false statement.
The person making the false statement need not
intend to induce the innocent party to act.
A party must actually do something or take
steps to cause a fraud.
Question 3. Question :
When there is
a unilateral mistake the mistaken party never can obtain legal relief.
True
False
Question 4. Question :
A mutual
mistake as to value, quality, or price:
Invalidates only executory contracts.
Does not affect the validity of a contract.
Is not a risk assumed by the parties to a
contract.
Invalidates all contracts.
Question 5. Question :
In order to
establish that a contract was executed as a result of undue influence:
Threats to harm a person must be proven.
Threats to harm a person or property must be
proven.
Force must have been used.
One party must have been helpless in the hands
of the other.
Question 6. Question :
A false
statement of a material fact.
Active fraud
Fraud in the Execution
Fraud in the Inducement
Misrepresentation
Passive fraud
Undue Influence
Saint MBA535 Module 6 Quiz 6 latest 2016 august
1. Question :
A partnership
can only be formed to run a lawful business.
True
False
Question 2. Question :
A partner who
is unknown to the public as a partner and takes no part in the management of
the business.
Dormant partner
General Partner
Nominal partner
Secret partner
Silent partner
Trading partner
Question 3. Question :
Are all
partnership decisions made by majority vote?
Yes
No
Question 4. Question :
There are no
formalities to existing and operating as a sole proprietorship.
True
False
Question 5. Question :
The purpose
of Fictitious Name tration Statutes is to collect tax.
True
False
Question 6. Question :
A partner who
takes no active part in the management of the business, but might be known to
the public as a partner.
Dormant partner
General Partner
Nominal partner
Secret partner
Silent partner
Trading partner
Saint MBA535 Module 7 Quiz 7 latest 2016 august
1. Question :
Means by
which a partnership relation is immediately changed upon the happening of a
specified event.
Acts of the parties
Alienation
Dissolution
Futility
Operation of law
Winding up
Question 2. Question :
When a
partner engages in misconduct prejudicial to the successful continuance of the
partnership business, a court may order dissolution.
True
False
Question 3. Question :
A partner may
withdraw from a partnership at any time without liability.
True
False
Question 4. Question :
All partners
must agree when the date for dissolution of the partnership is changed.
True
False
Question 5. Question :
Dissolution
prevents the performance of existing contracts.
True
False
Question 6. Question :
May the
remaining partners decide whether a partner has the capacity to continue as a
partner?
Yes
No
Saint MBA535 Module 8 Quiz 8 latest 2016 august
1. Question :
The right to
purchase shares of stock at a set price.
Capital stock
Cumulative preferred stock
Par-value stock
Participating preferred stock
Stock option
Treasury stock
Question 2. Question :
Stock to
which a face value has been assigned and that has this value printed on the
stock.
Capital stock
Cumulative preferred stock
Par-value stock
Participating preferred stock
Stock option
Treasury stock
Question 3. Question :
A corporation
may declare a stock dividend even if the corporation has no surplus.
True
False
Question 4. Question :
The
Securities Act of 1933 does not apply to the issuance of securities under $5
million.
True
False
Question 5. Question :
When a broker
holds stock for which certificates have not been issued, the broker can
transfer the stock at the written direction of the owner.
True
False
Question 6. Question :
Stock that
shares with common stock in any extra dividends.
Capital stock
Cumulative preferred stock
Par-value stock
Participating preferred stock
Stock option
Treasury stock
