Business Law Question
True/False
1) If a merchant sells goods to a buyer who is not a merchant, Article 2 of the UCC will not apply.
2) Unless a contract for services calls for unique personal services, that contract cannot be discharged by impossibility.
3) If goods are to be picked up at the seller's place of business by the buyer and the seller is a merchant, the seller retains risk of loss until the buyer takes possession of the goods.
4) When a party successfully sues for an equitable remedy for a breach of contract, they do not receive a monetary award.
5) Pablo has entered into a contract to paint Linda's portrait. The next day, Pablo is called by the White House to paint the official portrait of the first family. Since it will be impossible for Pablo to do both simultaneously, Pablo calls Salvador and asks him to substitute for him and paint Linda's portrait. Because Salvador is a world famous artist with paintings hanging in the New York Metropolitan Museum of Art and the Louvre in Paris, Salvador does not have to get Linda's permission for this novation as long as none of the contract terms and conditions are changed.
6) Some courts have determined that the inclusion of an arbitration clause in an acceptance as a means of dispute resolution constitutes a material alteration of the offer in a merchant transaction.
Mulitiple Choices
1) The utilitarian approach to moral philosophy was founded by:
a. Jeremy Bentham
b. pp. Cicero. ? c. Immanuel Kant. ? d. Kenneth Lay.
2) The categorical imperative test consists of:
a. individuals making ethical decisions with an eye toward potential consequences if most in society benefit even if some in society are harmed. ? b. individuals making ethical decisions with an eye toward potential consequences if everyone in society acted similarly. ? c.individuals making ethical decisions with an eye toward potential consequences if only some in society acted similarly but not all. ? d. individuals making ethical decisions with an eye toward potential consequences if no one else in society acted similarly.
3) Mighty Motors is a major automobile manufacturer with assembly plants in small towns throughout the United States. Mighty Motors is suffering losses in the current economy and has decided to stop manufacturing the Mighty Brute, an SUV with horrible gas mileage that simply isn't selling. They will also be closing the only plant that is exclusively dedicated to manufacturing the Brute. This particular assembly plant is the primary employer in the town that it is located in. Who, among the following would be considered a secondary stakeholder in this decision?
? a. Mike, a town resident who teaches elementary school and drives a Hyundai Sonata ? b. See Through Glass who manufactures the windshields and side windows exclusively used in the Brute ? c. Ed who has been working at the factory for ten years ? d. Tony who runs a pizza shop that many of the plant employees go to for lunch and sometimes dinner ?
Here is the last one that I am not sure if it is a possible answer.
Fly High Aviation provides maintenance for executive jets based on private contracts with corporations that maintain airplanes for company use. Which of the following is least likely to be a Fly High stakeholder??
My answer is: the citizens that live near the airports that planes maintained by Sky High fly into.
Please provide all answers and check to make sure if they are right. I will only award the one who complete all theses and with perfect/good answers after I check it with my classmate.
True/False
1) If a merchant sells goods to a buyer who is not a merchant, Article 2 of the UCC will not apply.
2) Unless a contract for services calls for unique personal services, that contract cannot be discharged by impossibility.
3) If goods are to be picked up at the seller's place of business by the buyer and the seller is a merchant, the seller retains risk of loss until the buyer takes possession of the goods.
4) When a party successfully sues for an equitable remedy for a breach of contract, they do not receive a monetary award.
5) Pablo has entered into a contract to paint Linda's portrait. The next day, Pablo is called by the White House to paint the official portrait of the first family. Since it will be impossible for Pablo to do both simultaneously, Pablo calls Salvador and asks him to substitute for him and paint Linda's portrait. Because Salvador is a world famous artist with paintings hanging in the New York Metropolitan Museum of Art and the Louvre in Paris, Salvador does not have to get Linda's permission for this novation as long as none of the contract terms and conditions are changed.
6) Some courts have determined that the inclusion of an arbitration clause in an acceptance as a means of dispute resolution constitutes a material alteration of the offer in a merchant transaction.
Mulitiple Choices
1) The utilitarian approach to moral philosophy was founded by:
a. Jeremy Bentham
b. pp. Cicero. ? c. Immanuel Kant. ? d. Kenneth Lay.
2) The categorical imperative test consists of:
a. individuals making ethical decisions with an eye toward potential consequences if most in society benefit even if some in society are harmed. ? b. individuals making ethical decisions with an eye toward potential consequences if everyone in society acted similarly. ? c.individuals making ethical decisions with an eye toward potential consequences if only some in society acted similarly but not all. ? d. individuals making ethical decisions with an eye toward potential consequences if no one else in society acted similarly.
3) Mighty Motors is a major automobile manufacturer with assembly plants in small towns throughout the United States. Mighty Motors is suffering losses in the current economy and has decided to stop manufacturing the Mighty Brute, an SUV with horrible gas mileage that simply isn't selling. They will also be closing the only plant that is exclusively dedicated to manufacturing the Brute. This particular assembly plant is the primary employer in the town that it is located in. Who, among the following would be considered a secondary stakeholder in this decision?
? a. Mike, a town resident who teaches elementary school and drives a Hyundai Sonata ? b. See Through Glass who manufactures the windshields and side windows exclusively used in the Brute ? c. Ed who has been working at the factory for ten years ? d. Tony who runs a pizza shop that many of the plant employees go to for lunch and sometimes dinner ?
Here is the last one that I am not sure if it is a possible answer.
Fly High Aviation provides maintenance for executive jets based on private contracts with corporations that maintain airplanes for company use. Which of the following is least likely to be a Fly High stakeholder??
My answer is: the citizens that live near the airports that planes maintained by Sky High fly into.
Please provide all answers and check to make sure if they are right. I will only award the one who complete all theses and with perfect/good answers after I check it with my classmate.
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