Delaware County Community College Business Law Worksheet

Overview

Question 12 pts

There are five rights in the bundle of a real estate owner, which distinctly belongs to the owners of property. Two of these rights are____________ and _________________.

Group of answer choiceslocation and water

easement and air

exclusion and disposition

doors and windows

Flag this QuestionQuestion 22 pts

The rule requiring that a deed representing ownership of real property must be delivered to the new owner and recorded is know as __________________________

Group of answer choicesLaw of Real Property

Stand and deliver

RESPA

Statute of Frauds

Flag this QuestionQuestion 31 pts

When personal property is entrusted to another for a temporary period of time until such time as the rightful owner returns to retrieve it, this is known as a____________________

Group of answer choicesEasement

Bailment

Exclusion

Fee Simple

Flag this QuestionQuestion 41 pts

The law which is the controlling set of laws governing security interests in objects of personal property is known as__________________________--

Group of answer choicesArticle 9 of the Uniform Commercial Code

4th Amendment of Constitution

Ex Post Facto

Article VI Clause I

Flag this QuestionQuestion 51 pts

Any action which interferes with the legitimate use and enjoyment of another's property may be called a ___________________ and is actionable.

Group of answer choicesBailment

Praecipe

Nuisance

Mortgage

Flag this QuestionQuestion 61 pts

The failure of one party to fulfill their duties and promise under a contract is called

Group of answer choicesa breach

a disposition

ex post facto

a consideration

Flag this QuestionQuestion 71 pts

A request that the breaching party fulfill their responsibilities under a contract is typically requested when the bargain is unique and money damages would be inadequate to make a party whole. This remedy is known as ______________________

Group of answer choicesLogistical analysis

repudiation

Specific performance

Decomposition

Flag this QuestionQuestion 81 pts

The Law of Agency dictates that an agent not serve their own interest, but work, instead, on behalf of, and for the benefit of the __________________

Group of answer choicesPrincipal

City

State

Customer

Flag this QuestionQuestion 91 pts

In Venture Media v. Colt Plastics, Colt's claims of breach of contract were governed by what law?

Group of answer choicesU.C.C. § 2-104

Common Law Contracts

Fraud

Parol Evidence Rule

Flag this QuestionQuestion 101 pts

Can an individual claim as property a client list from a former Employer if he retains the Employer's info his own memory as Robert Martin did in the case of Al Minor & Assoc, Inc. v. Martin, (Ohio 2008) ?

Group of answer choicesYes. A memory is an individual's own private storage unit.

No. Client information does not lose its status as a trade secret or the protection of the UTSA .

Maybe. It depends on who the client wants to do business with.

No because it is against Article I of the US Constitution.

Flag this QuestionQuestion 111 pts

When a survey asked, "What is the first thing that comes to your mind when you hear the name 'Charbucks,' spelled C-H-A-R-B-U-C-K-S?," 30.5 percent of participants answered "Starbucks," Starbuck believed what law had been violated in relation two their brand?

Group of answer choicesCopyright

Patent

Trademark

Fraud

Flag this QuestionQuestion 122 pts

The Lanham Act provides for the registration of trademarks, which it defines in §45 to include “any word, name, symbol, or device, or any combination thereof [used or intended to be used] to identify and distinguish [a producer’s] goods … from those manufactured or sold by others and to indicate the source of the goods. The courts also protect "trade dress", but only if it has, according to the Walmart case, __________________

Group of answer choicesbeen registered for fifteen years.

is commercially viable according to Forbes.

a showing of a secondary meaning encompassing the design of a product.

a specific product manufactured only by Walmart.

Flag this QuestionQuestion 132 pts

In the Constitution, ______________________ purports to show its superiority should a conflict arise as the federal law would override or supercede the state law.

Group of answer choicesDue Process Clause

Equal Protection Claus

the Supremacy Clause

Civil Rights Act

Flag this QuestionQuestion 141 pts

___________________________ property can be divided into the categories of tangible and intangible property.

Group of answer choicesPersonal

Real

Contract

Gift

Flag this QuestionQuestion 151 pts

An individual may only infringe on property that is tangible and is not able to infringe on property that is intangible. T/F?

Group of answer choicesTrue

False

Flag this QuestionQuestion 161 pts

A person who owns real estate not only owns the land but riparian rights, and any space associated with land from the heavens to the center of the earth. T/F

Group of answer choicesTrue

False