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Exam 21: Appendix A: Using Technology to Manage Information

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Question 101

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In voluntary bankruptcy cases the creditors voluntarily start legal action against the debtor.

A) True
B) False

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Question 102

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A copyright protects an individual's ownership rights to materials such as books,articles,photos,and cartoons,which they created.

A) True
B) False

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Question 103

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Tort law includes product liability cases.

Chicago's mayor has just signed legislation requiring fire sprinklers in every public school.This is an example of:

The Constitution gives the judiciary the power to establish bankruptcy laws.

Batteries and tires sold with an express warranty provide the buyer with a guarantee regarding the life of the product.

Over __________ percent of patent applications are approved.

Mini-Case Brian and Sondra have just opened a new Cajun restaurant on the edge of town,Cajun Cookin' Inc.They own the land and building and have a brand-new kitchen as well as a lovely seating area,filled with mementos from the South.They have a liquor license and make wonderful Southern drinks.They are quite pleased that members of the community are helping their business grow by coming in for a meal or a drink after work.They are good businesspeople who pay their bills on time and as a result have great relationships with the vendors that supply them food. -Cajun Cookin' sits on a large landscaped lot.Brian and Sondra have a contract with Lovely Landscapes to mow the lawn and take care of the landscape.They pay $200 per month for this service.After two weeks had gone by with no service,Brian called the company only to find out that the owner and the crew had decided to take a vacation and would not be back to do the landscaping for another two weeks.Lovely Landscapes:

Another name for "sin tax" is "excise tax."

Big Johnson Products charges Moe's Meats a lower price for goods because Moe and Johnson play golf together regularly.Big Johnson charges other firms similar to Moe's Meats more for the same products and this is beginning to hurt the business of the other firms.In fact,Moe's Meats is taking so much business away from the others due to its lower prices that the other firms are in danger of going out of business.This is an example of:

The government's involvement in governing the behavior of business people seems to be increasing.

Companies that produced lead-based paint 30 years ago are still subject to the strict product liability provisions of federal tort law.

When United Airlines declared bankruptcy several years ago,it continued to operate as a business while it worked out a plan for paying off its debts.United Airlines filed a Chapter 13 bankruptcy.

__________ instruments are forms of commercial paper that are transferable among businesses and individuals that represent a promise to pay a specified amount.

Your paycheck and the check you write to Old Navy for a pair of jeans are both examples of a negotiable instrument.

Generally a warranty is an important part of a product.

Recent legislation encourages the use of submarine patents.

Requiring that both parties are competent for a contract to be legal protects those who might be unable to protect themselves.

The warranty you receive in the box with an iPad is an express warranty.

Unintentional behavior that causes harm or injury is an example of a tort.