BUSN 420 Week 5 Quiz (SOLVED)

BUSN 420 Week 5 Quiz (SOLVED)

Grade Details - All Questions
 Question 1.
Question :
(TCO 5) Jelly Jar Company includes in its online offers a provision that indicates any disputes arising under the contract must be resolved in Kansas. Lena, a resident of Maine, accepts Jelly Jar's offer. If a dispute arises, a court will most likely rule that it must be resolved in
 
Student Answer:

Kansas.
 
 
 
Kansas or Maine.
 
 
 
Maine.
 
 
 
the location selected by the first party to file a suit.
 
Instructor Explanation:
Page 236
 
 
Points Received:
2 of 2
 
Comments:
 
 

Question 2.
Question :
(TCO 5) Over the course of a year, Retail Marketers, Inc., sells goods from its inventory and one of its warehouses. In exchange, Retail receives checks and other items that substitute for cash, which Retail uses to repay a loan from Savings Bank. Article 2 of the UCC governs
 
Student Answer:
 
the checks.
 
 
 
the payment of the loan.
 
 
 
the sale of the buildings.
 
 

the sale of the goods.
 
Instructor Explanation:
Page 362
 
 
Points Received:
2 of 2
 
Comments:
 
 

Question 3.
Question :
(TCO 5) Gail enters into a contract with Hi-Price Appliances, Inc. In a suit between the parties over payment under the contract, Gail claims that a certain clause is unconscionable. If the court agrees, it may
 
Student Answer:

refuse to enforce the contract, enforce the contract without the disputed clause, or limit the application of the disputed clause.
 
 
 
enforce the contract without the disputed clause only.
 
 
 
limit the application of the disputed clause only.
 
 
 
refuse to enforce the entire contract only.
 
Instructor Explanation:
Page 376
 
 
Points Received:
2 of 2
 
Comments:
 
 

Question 4.
Question :
(TCO 5) Trendee Clothiers, Inc., sells t-shirts to U-Pik-It Stores, Inc., under an existing contract. When textile costs increase, U-Pik-It agrees to a price increase, but later wants to cancel the contract. U-Pik-It may
 
Student Answer:
 
cancel the contract immediately.
 
 
 
cancel the contract only after accepting a final shipment.
 
 
 
cancel the contract only on reasonable notice.
 
 

not cancel the contract.
 
Instructor Explanation:
Page 371
 
 
Points Received:
2 of 2
 
Comments:
 
 

Question 5.
Question :
(TCO 5) Expert Stitching Corporation enters into a contract to sell denim clothing to Fine Fashion Company, which in turn sells a pair of jeans to Grady, a consumer. In contrast to standards that apply to consumers, the UCC imposes on merchants
 
Student Answer:
 
less strict legal standards.
 
 

special business standards.
 
 
 
stricter ethical standards.
 
 
 
the same overall standards.
 
Instructor Explanation:
Page 365
 
 
Points Received:
2 of 2
 
Comments:
 
 

Question 6.
Question :
(TCO 6) After notice-and-comment rulemaking, the U.S. Bureau of Land Management (BLM) issues a new rule and applies it to Clearcut Timber Company. Clearcut appeals the application to a federal court. The court will most likely defer to the BLM's interpretation of
 
Student Answer:

the facts and the law.
 
 
 
the agency's authority.
 
 
 
procedural requirements.
 
 
 
the Constitution.
 
Instructor Explanation:
Page 838
 
 
Points Received:
2 of 2
 
Comments:
 
 

Question 7.
Question :
(TCO 6) The U.S. Fish and Wildlife Service utilizes notice-and-comment rulemaking. This involves a period during which
 
Student Answer:
 
judges, legislators, and the president are asked about a proposed rule.
 
 
 
potential violators of a proposed rule are notified and publicized.
 
 
 
the administrators "notice" a problem and "comment" on it.
 
 

the public is asked to comment on a proposed rule.
 
Instructor Explanation:
Page 837
 
 
Points Received:
2 of 2
 
Comments:
 
 

Question 8.
Question :
(TCO 6) The U.S. Social Security Administration is a federal agency. The Iowa Department of Social Services is a parallel state agency. If these agencies' actions conflict
 
Student Answer:

the federal agency's actions will prevail.
 
 
 
the state agency's actions will prevail.
 
 
 
the two agencies' actions will be given equal weight.
 
 
 
the two agencies' actions will cancel each other.
 
Instructor Explanation:
Page 845
 
 
Points Received:
2 of 2
 
Comments:
 
 

Question 9.
Question :
(TCO 6) Labor Recruiters, Inc., has been ordered to appear at a hearing before an administrative law judge of the National Labor Relations Board. A significant difference between a trial and an administrative hearing is that
 
Student Answer:
 
attorneys are not allowed to attend administrative hearings.
 
 
 
clients are not allowed to communicate with their attorneys during administrative hearings.
 
 

hearsay can be introduced as evidence in an administrative hearing.
 
 
 
the burden of proof is on the charged party to prove innocence.
 
Instructor Explanation:
Page 842
 
 
Points Received:
2 of 2
 
Comments:
 
 

Question 10.
Question :
(TCO 6) Seafood Restaurant Company pays income and other taxes collected by the Internal Revenue Service (IRS). Like other federal administrative agencies, the IRS was created by
 
Student Answer:

Congress, through enabling legislation.
 
 
 
the courts, through the adjudicatory process.
 
 
 
the U.S. Constitution, through the First Amendment.
 
 
 
the U.S. Department of the Treasury, through a final order.
 
Instructor Explanation:
Page 833
 
 
Points Received:
2 of 2
 
Comments:
 
 

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