Business 005 - Business Law I » Winter 2023 » Ch 2 Business Law Homework

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Question #1
The function of the courts is to interpret and apply the law.
A.   True
B.   False
Question #2
The United States Supreme Court can review a decision by a state's highest court only if a question of federal law is involved.
A.   True
B.   False
Question #3
Most lawsuits are settled or dismissed before they go to trial.
A.   False
B.   True
Question #4
In mediation, the mediator proposes a solution that includes what compromises are necessary to reach an agreement.
A.   True
B.   False
Question #5
Concurrent jurisdiction exists when both federal and state courts have the power to hear a particular case.
A.   True
B.   False
Question #6
Venue is the term for the subject matter of a case.
A.   True
B.   False
Question #7
Alternative dispute resolution refers to any method for resolving a dispute outside the court system.
A.   False
B.   True
Question #8
Negotiation is the most complex form of alternative dispute resolution.
A.   True
B.   False
Question #9
An arbitrator can never render a legally binding decision.
A.   True
B.   False
Question #10
LCD TV Company, a firm in Minnesota, advertises on the Web. A court in North Dakota would be most likely to exercise jurisdiction over LCD if the firm
A.   conducted substantial business with North Dakota residents through its Web site.
B.   only advertised without interactivity at its Web site.
C.   interacted with any North Dakota resident through its Web site.
D.   suddenly removed its ad from the Internet.
Question #11
Inferior Company sells products that are poorly made. Jock, who has never bought an Inferior product, files a suit against Inferior, alleging that its products are defective. The firm's best ground for dismissal of the suit is that Jock does not have
A.   jurisdiction.
B.   sufficient minimum contacts.
C.   standing.
D.   certiorari.
Question #12
Sally and Tom disagree over the amount of money due under their contract. To avoid involving any third party in a resolution of the dispute, Sally and Tom might prefer to use the alternative dispute resolution method of
A.   negotiation.
B.   arbitration.
C.   mediation.
D.   litigation.
Question #13
Consumer Sales Corporation and Dion agree to resolve their dispute in arbitration. The arbitrator's decision is called
A.   a verdict.
B.   a conclusion of law.
C.   a finding of fact.
D.   an award.
Question #14
Transnational Corporation and UniShip, Inc., agree to a contract that includes an arbitration clause. If a dispute arises, a court having jurisdiction may
A.   order an arbitrator to rule in a particular way.
B.   order a party to bring the dispute to court.
C.   order a party to submit to arbitration.
D.   monitor any arbitration until it concludes.
Question #15
Paula, a resident of California, owns a farm in Iowa. A dispute arises over the ownership of the farm with Don, a resident of Nevada. Don files a suit against Paula in Iowa. Regarding this suit, Iowa has
A.   in personam jurisdiction.
B.   in rem jurisdiction.
C.   diversity jurisdiction.
D.   no jurisdiction.
Question #16
Jo files a suit against Lara in a Missouri state court. Lara's only connection to Missouri is an ad on the Web originating in Nebraska. For Missouri to exercise jurisdiction, the issue is whether Lara, through her ad, has
A.   conducted substantial business with Missouri residents.
B.   general maximum contact with Missouri.
C.   a commercial cyber presence in Missouri.
D.   solicited virtual business in Missouri.
Question #17
Miles files a suit against Nina. At the trial, each party's attorney presents the party's case before a judge who hears the dispute and renders a legally binding decision. This is
A.   negotiation.
B.   mediation.
C.   arbitration.
D.   litigation.
Question #18
Jen files a suit against Kyle. Before going to trial, the parties meet, with their attorneys to represent them, to present their dispute to a third party who is not a judge but who renders a legally binding decision. This is
A.   arbitration.
B.   negotiation.
C.   mediation.
D.   litigation.
Question #19
Jan and Kyle sign a contract that provides that if a dispute arises, they will submit to arbitration. A dispute arises, but before it goes to arbitration, Jan files a suit against Kyle. The court will likely
A.   order relief without hearing the suit or compelling the parties to arbitrate.
B.   hear the suit and then order the parties to arbitrate.
C.   hear the suit without ordering the parties to arbitrate.
D.   order the parties to arbitrate.
Question #20
Hua, a resident of Illinois, owns a warehouse in Indiana. A dispute arises over the ownership of the warehouse with Jac, a resident of Kentucky. Jac files a suit against Hua in Indiana. Regarding this suit, Indiana has
A.   in personam jurisdiction.
B.   no jurisdiction.
C.     
D.   diversity jurisdiction.
E.   in rem jurisdiction.

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