AIU BUSN311 Midterm exam

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 Question 1 of 205.0 PointsIn pre-trial discovery, if a business does not produce incriminating e-mails the court can instruct the jury that it can make negative inferences from the lost documents.  Reset Selection

Question 2 of 205.0 PointsIn litigation, indirect non-legal costs are roughly the same amount as direct legal costs.  Reset Selection

Question 3 of 205.0 PointsAll of the following are ways to lower business risk except:    Reset Selection

Question 4 of 205.0 PointsIssuing a public apology for corporate wrongdoing will always result in increased litigation.  Reset Selection

Question 5 of 205.0 PointsWhen answering a complaint the defendant can do all of the following except:    Reset Selection

Question 6 of 205.0 PointsAll of the following are methods of alternative dispute resolution except for:    Reset Selection

Question 7 of 205.0 PointsThe monetary damage award set out by the court is the amount the prevailing party is guaranteed to receive from the losing party.  Reset Selection

Question 8 of 205.0 PointsExamples of antitrust activities include all of the following except for:    Reset Selection

Question 9 of 205.0 PointsThe grant of a patent is a limited “monopoly” and can run counter to the antitrust principle encouraging free and open markets.  Reset Selection

Question 10 of 205.0 PointsAll of the following are a type of contract except:    Reset Selection

Question 11 of 205.0 PointsWhich of the following is not a form of business organization?    Reset Selection

Question 12 of 205.0 PointsIdentify the correct statement about liability in business organizations    Reset Selection

Question 13 of 205.0 PointsThe revenue from a Chapter C corporations is taxed twice.  Reset Selection

Question 14 of 205.0 PointsThe test for mental capacity to enter into a contract is whether the person has reached the age of majority  Reset Selection

Question 15 of 205.0 PointsA partnership must prepare an income tax return but the partnership pays no income taxes itself.  Reset Selection

Question 16 of 2010.0 PointsUsing only the course materials, describe three differences between a limited liability company and a corporation. Cite your sources.

Question 17 of 2010.0 PointsUsing only the course materials, list and provide examples for five defenses to a breach of contract claim. Cite your sources.
Question 18 of 2010.0 PointsList three types of contracts that must be in writing in order to be enforceable. What doctrine applies here? Use only the course materials and cite your sources.Question 19 of 2010.0 PointsJim wants to sell his car to Marsha. Describe what elements would need to be present in order to have a valid contract. Would this contract fall under the UCC? Why or why not? Use only the course materials and cite your sources.

 Question 20 of 2010.0 Points

List at least three factors that weigh in favor of patents. List three factors that weigh in favor of trade secrets. Use only the course materials and cite your sources.

 
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