Question: Good Samaritan statutes impose liability upon people for refusing to stop at accident scenes.
Answer Choices: A. True
B. False
Answer: B. False
Question: Which of the following establishes how a franchise agreement will be terminated?
Answer Choices: A. The franchise agreement
B. The Franchise Termination Act
C. The Franchisor-Franchisee Protection Act
D. The Franchisee Protection Act
E. The Franchise Wrap-Up Act
Answer: A. The franchise agreement
Question: If ease of formation is the priority, which organizational format should PJ choose?
Answer Choices: A. Sole proprietorship
B. Limited partnership
C. Limited liability partnership
D. Corporation
E. Limited liability company
Answer: A. Sole proprietorship
Question: Which of the following is not a type of partnership?
Answer Choices: A. Limited partnerships
B. General partnerships
C. Limited liability partnerships
D. Limited liability company
E. Cooperative
Answer: D. Limited liability company
Question: Punitive damages are most likely to be awarded against Naomie if:
Answer Choices: A. The court finds Naomie committed gross negligence
B. The court believes punitive damages are compensatory
C. The judge disagrees with Naomie’s behavior
D. The plaintiff asks for punitive damages
E. Naomie committed simple negligence
Answer: A. The court finds Naomie committed gross negligence
Question: In some situations, the law specifies the duty of care one individual owes to another.
Answer Choices: A. True
B. False
Answer: A. True
Question: Which of the following is not true in regards to strict liability?
Answer Choices: A. It is liability without fault
B. It involves a risk of serious harm
C. It cannot be safely undertaken
D. Plaintiffs always receive punitive damages
E. It is not usually performed in the immediate community
Answer: D. Plaintiffs always receive punitive damages
Question: Which of the following statements is false regarding a general partnership?
Answer Choices: A. It is easy to create
B. Income is personal income
C. Losses can be deducted
D. Partners are considered agents
E. Partners do not have personal liability
Answer: E. Partners do not have personal liability
Question: When ___ applies, the plaintiff is not required to show that a reasonable person would exercise a heightened duty of care.
Answer Choices: A. Strict liability
B. Negligence per se
C. Res ipsa loquitur
D. Modified negligence
E. Actual harm doctrine
Answer: C. Res ipsa loquitur
Question: The ___ are responsible for managing the business of a corporation.
Answer Choices: A. Investors
B. Shareholders
C. Officers
D. Administrators
E. Members of the board of directors
Answer: E. Members of the board of directors
Question: The severity of potential harm is a factor in determining whether a reasonable person would have owed a duty to others.
Answer Choices: A. True
B. False
Answer: A. True
Question: In a ___, general partners assume unlimited liability, and limited partners assume liability up to their investment.
Answer Choices: A. Limited partnership
B. Limited corporation
C. Sole proprietor
D. Limited liability company
E. Corporation
Answer: A. Limited partnership
Question: What is the correct term for the investor-owners of a corporation?
Answer Choices: A. Profit owners
B. Profit and loss owners
C. Approved investors
D. Limited partners
E. Shareholders
Answer: E. Shareholders
Question: Implied assumption of the risk occurs when the plaintiff expressly agrees, usually in a written contract, to assume the risk posed by the defendant’s behavior.
Answer Choices: A. True
B. False
Answer: B. False
Question: Shareholders hire the officers of a corporation.
Answer Choices: A. True
B. False
Answer: B. False
Question: Negligent torts involve failure to exercise ___ care to protect another’s person or property.
Answer Choices: A. Thoughtful
B. Superior
C. Reasonable
D. Limited
E. Substantial
Answer: C. Reasonable
Question: “Negligence per se” means:
Answer Choices: A. Professional negligence
B. Selective negligence
C. Negligence determined
D. Negligence in or of itself
E. Actionable negligence
Answer: D. Negligence in or of itself