BUSL Test 2 Multi Choice
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13 terms
Terms | Definitions |
|---|---|
 One year | Earl, driving under the influence of alcohol, causes an automobile accident that results in Frank's death. Earl is arrested and charged with a felony. A felony is a crime punishable by death or imprisonment for more than _____. |
| Federal District court | A failure of the FBI to comply a with reasonable request under the Freedom of Information Act may be challenged in__________. |
| Jewel's consent or a subpoena | The IRS wants to review the financial reports of Jewel Corp. The IRS can gain access to the reports through__________. |
| a scheme to defraud and the use of the mail system | For Carla's solicitation of investors in a nonexistant business, she is charged with mail fraud. This requires_________. |
| Belle only | Applied Manufacturing Company (AMC) intends to employ Belle as an agent. To establish Belle's authority, AMC must notify_________. |
| Embezzlement | Eve, a first bank employee, intentionally deposits into her account checks given to her by bank customers for deposit into the customers' accounts. This is _________. |
| Implement those goals | With respect to the legislative goals of congress, the principal role of the Small Business Administration and other federal agencies is to____________. |
| the passage of enabling legislation by an administrative agency | Most federal administrative agencies, like the Food and Drug Administration, are usually created following_________. |
| a valid offer and a valid acceptance | Sam makes an offer to Tina to enter into a contract. Tina accepts the offer. A valid contract requires________ |
| Words and Conduct | Local delivery service Inc. offers to deliver computers to Micro Store's customers for a certain price. Local's intent to extend a serious offer to Micro is determined by reference to Local's_______ |
| All of the above | Commercial Products Company (CPC) markets its products nationwide. When making a decision CPC must take into account the needs of_______ |
| objective theory of contracts | Bob claims that Carol breeched their contract. Carol responds that she never intended to enter into a contract with Bob. The intent to enter into a contract is determined with reference to_______________. |
| does not exist | Zipp Company offers to sell "from 1 to 1 million zippers for $1 each" to Wide Load Pants Inc. and specifies that Wide Load should "state the desired number in the acceptance." A contract _________. |
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