2. Nasca 2010 100 200 300 400 500

3. Which of the following is NOT an ethical character trait? Happiness Honesty Justice Integrity Happiness 100

4. Suing your neighbor for damages to your property is an example of what type of court case? Criminal Civil Administrative Judicial civil 200

5. Laws passed by the U.S. Congress and signed by the President are called administrative regulations legislative statutes administrative articles federal statutes federal statutes 300

6. Laws define the conflict between a society and its morality. legal rights and duties of the people. ethics of a city, state, or country. morality of a city, state, or country. legal rights and duties of the people 400

7. The common law is a set of laws made by the courts which provide consistent rules that later courts must follow. the courts in each state which are then complied to create federal law. administrative agencies so that common regulations are followed. Congress which provide consistent rules for all citizens to follow. the courts which provide consistent rules that later courts must follow. 500

8. Business that crosses state lines is called: interstate commerce intrastate commerce the Federal Trade Commission The Department of Consumer Affairs interstate commerce 100

9. As long as the price of a product is less than $500, a written contract is necessary in order for the contract to be enforceable. the UCC rules do not apply. any means available to accept the offer is considered reasonable. an oral contract for the sale of goods is enforceable. an oral contract for the sale of goods is enforceable. 200

10. Consumer protection laws do not protect you if you purchase goods from out of state. goods from another consumer. goods online. a product considered dangerous. goods from another consumer. 300

11. The UCC laws govern all of the following business transactions EXCEPT the sale of clothing cars stocks gasoline stocks 400

12. The Better Business Bureau is a private agency that hears consumer complaints at the local and state level. public agency that hears consumer complaints at the federal level. public agency that hears consumer complaints at the state and local level. private agency that hears consumer complaints at the federal level. private agency that hears consumer complaints at the local and state level. 500

13. If you find abandoned property, you may keep it. must leave it where you found it. must advertise in the local paper for the owner. have the legal duty to try and find the owner. may keep it. 100

14. If you have in your possession something that belongs to someone else, you are a bailor bailee donor donee bailee 200

15. In a bailment, there is no intent to provide any standard of care by the bailee or bailor. obligation to return the property to the bailor. intent to pass title to the property. obligation for the bailee to care for the property. intent to pass title to the property. 300

16. Patents, copyrights, and trademarks refer to bailments intangible personal property tangible personal property intellectual property intellectual property 400

17. When a bailor lends goods without charge, he or she creates a pledge. mutual-benefit bailment. gratuitous bailment. bailment by necessity. gratuitous bailment. 500

18. Which of the following is NOT considered personal property? trademarks ceiling fans a house CD players A house 100

19. If you own real property and rent it to someone, you are a landlord. master. lessee. tenant. landlord 200

20. The agreement that creates the landlord-tenant relationship is called a mortgage. tenancy. lease. covenant. Lease 300

21. If the tenant installs a ceiling fan, it becomes real property and must be maintained by the tenant. belongs to the landlord. is considered waste when the tenant moves out. belongs to the tenant. belongs to the landlord. 400

22. The four types of tenancies are tenancy for years, lessee tenancy, tenancy at will, and tenancy at sufferance. tenancy for rent, tenancy for owners, tenancy for lessors, and tenancy for buyers. tenancy for years, periodic tenancy, tenancy at will, and tenancy at sufferance. tenancy for rent, tenancy for lessee, tenancy at will, and tenancy on rent day. tenancy for years, periodic tenancy, tenancy at will, and tenancy at sufferance. 500