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BUSI 561 BUSI561 QUIZ 2 (LIBERTY UNIVERSITY)

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BUSI561 Quiz 2 (Liberty University)

Which of the following statements is true of the Foreign Sovereign Immunities Act (FSIA)?
Which of the following statements is true of a socialist-law system?
Which of the following statements is true of civil-law systems?
Countries that follow ________ organize their legal systems around legal codes rather than around cases, regulations, and precedents.
The theory of comparative advantage states that an individual nation should concentrate on exporting the goods that it can produce most efficiently.
In the Marxist form of government, economic decisions are centralized.
A(n) ________ is the present transfer of an existing right.
Article 2 of the Uniform Commercial Code applies to ________.
Which of the following statements is true about a court's willingness to rescind a contract due to a mistake?
Which of the following contracts would be void because of undue influence?
In the case of necessaries, the intoxicated individual is not allowed to disaffirm, but is held liable for the reasonable value of such items.
Fraud is one of the factors that prevents genuine assent.
The Uniform Computer Information Transaction Act (UCITA) was developed
Martha and Jim enter into an agreement whereby Jim agrees to paint Martha's car. The contract states that the car is to be painted green. Martha changes her mind and wants the car to be painted blue instead. Jim agrees to paint the car blue. This type of discharge of contract is described as ________.
Which of the following is a form of discharge by mutual agreement?
A material breach of contract is usually unintentional and not substantial.
A failure to deliver goods is sufficient to be considered as an exception to the perfect tender rule according to the United Nations Convention on the International Sale of Goods (CISG).
In a negligence per se doctrine, a plaintiff can use proof of the ________ as proof of negligence.
Which of the following statements is true of negligence?
Absolute privilege against a defamation action ________.
In a case of slander, the plaintiff can recover damages without proving any special damages.
Eradication of the privity requirement led to ________.
Which of the following statements is true of negligent failure to warn?
Which of the following statements is true of accountants' liability?
In most cases, an employee using an unsafe machine at work is not presumed to have assumed the risk.

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