Business Law MCQs (Chapterwise Multiple Choice Questions)

_______ must be included in an affidavit to support an allegation in order to justify a warrant.

Verdicts

Witnesses

Exhibits

Subpoenas

Answer & Explanation

Correct Answer: Exhibits

Note: This Question is unanswered, help us to find answer for this one

A(n) ________ involves the seller entrusting possession of goods to a buyer on a trial basis.

Destination contract

Option contract

Unequivocal transaction

Conditional sale

Answer & Explanation

Correct Answer: Conditional sale

Note: This Question is unanswered, help us to find answer for this one

One of the tests that an invention must pass to be eligible for a patent is that it must _____.

It must be a machine

It must not be economical to produce

It must be capable of providing economic benefit

It must be obvious to a person having ordinary skill in the same field

Answer & Explanation

Correct Answer: It must be obvious to a person having ordinary skill in the same field

Note: This Question is unanswered, help us to find answer for this one

Baker v. carr (1962) involved ________.

Apportionment of legislative seats

Writ of certiorari

Judicial review

Appellate

Answer & Explanation

Correct Answer: Apportionment of legislative seats

Note: This Question is unanswered, help us to find answer for this one

Feminist analysis is a subset of ________ analysis.

Expressing anxiety

A portrait of art appreciation

Signs or symbols

Biographical

Answer & Explanation

Correct Answer: Biographical

Note: This Question is unanswered, help us to find answer for this one

The ____ is a legal document that lists and explains the terms of the partnership.

Articles of partnership

Co-owners' agreement

Formation contract

Will

Answer & Explanation

Correct Answer: Articles of partnership

Note: This Question is unanswered, help us to find answer for this one

The philosophy behind intellectual property rights is to _____.

Reward the creator of an idea

WTO and foreign governments

Protect original ideas/works

All of these

Answer & Explanation

Correct Answer: Reward the creator of an idea

Note: This Question is unanswered, help us to find answer for this one

All states except _____ have adopted some version of article 2 (sales) of the ucc.

Louisiana

Tennessee

Kansas

Arizona

Texas

Answer & Explanation

Correct Answer: Louisiana

Note: This Question is unanswered, help us to find answer for this one

In a liquidated debt, _____.

The parties dispute over the existence or amount of the debt.

Other party's consideration will be an act.

When past consideration is given with expectation of future payment

Once the debtor makes a different payment, the debt is satisfied and the creditor may not collect anything else

Answer & Explanation

Correct Answer: Once the debtor makes a different payment, the debt is satisfied and the creditor may not collect anything else

Note: This Question is unanswered, help us to find answer for this one

One feature common to states is _____.

A balanced budget requirement

An income tax

The same percentage of spending on Medicaid

Answer & Explanation

Correct Answer: A balanced budget requirement

Note: This Question is unanswered, help us to find answer for this one

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