Multiple-Choice questions on law Give suggestions for the following law question

Multiple-Choice questions on law
Give suggestions for the following law questions:
1. Which of the following statements is true?

a. If one has entered into a contract, one is obligated to
fully perform one’s obligations under the contract, even if it becomes
impossible to do so.
b. One must perform all promises made under a contract, even
if performance subsequently becomes illegal.
c. There can be contractual conditions that aren’t stated
expressly in a contract, but are implied by law.
d. Performance under a contract that becomes more expensive
gives rise to a right to void the contract by the party who would have to bear
the increased expense.

2. Which of the following statements are true?

I. The only legally recognized remedy for breach of contract
is the award of money damages.
II. Courts may be called upon to determine the meaning of
contract terms.

a. I only
b. II only
c. Both I and II
d. Neither I nor II

3. All of the following statements are true, EXCEPT:

a. Contracts that increase the burden of performance of the
person obligated to perform under the contract cannot be assigned.
b. Third persons, who are viewed as intended beneficiaries
under a contract, have rights to sue to enforce these contracts.
c. Contracts may have conditions, which make obligations
contingent on some future event.
d. Even if one party to a contract has materially breached
her duty to perform under the contract, she may still recover damages from the
other party if he has failed to fully perform his obligations under the
contract.

4. Which of the following statements is true?

a. If a party demonstrates another party has breached a
contract, and brings a lawsuit for this, the party can seek damages, but there
is no other form of legal relief that may be sought by the party suffering the
breach of contract.
b. A contract may specify penalties that will be due and
owing if one of the parties beaches the contract, and such penalties will be
enforced by the courts, even if they are much more than a reasonable
approximation of the damages that will be sustained if there’s a breach of
contract.
c. Neither consequential nor punitive damages can be awarded
in most breach of contract cases.
d. If a party agreeing to perform a personal service under a
contract breaches the contract, that party may be ordered by a court to perform
the service.

5. Which of the following statements are true?

I. There can be no contract without consideration.
II. Under no circumstances can a minor have any obligations
arising from a contract.

a. I only
b. II only
c. Both I and II
d. Neither I nor II

6. All of the following statements are true, EXCEPT:

a. Generally, courts will refuse to enforce contracts that
involve illegal activities.
b. Generally, courts will refuse to enforce contracts that
are determined to be contrary to public policy.
c. A court will not set aside a contract due to the mistake
of the parties to the contract. This is true even if the mistake was made by
both parties, and it affected a basic assumption upon which the contract was
made that has a material effect on the agreed exchange of performances.
d. A contract will be set aside by a court if one of the
parties was under duress at the time the contract was formed, or one party
exercised undue influence on the other party.

7. Which of the following questions are true?

a. The stakeholder theory of corporate responsibility
asserts that the corporation should act in a way that most maximizes overall
profit to the corporation.
b. Deontological ethical theories provide that one’s course
of action should be determined by discovering which choice maximizes the total
benefits to society, regardless of whether the decision itself is just or
moral.
c. One major problem of rights theories of ethical decision
making is the difficulty of reaching agreement on the rights that must be protected.
d. The ethical theory of profit maximization is highly
concerned with the distribution of wealth throughout society.

8. Which of the following statements are true?

I. Contracts with people who lack capacity to enter into
contracts are voidable by the party lacking capacity.
II. If one makes a contract with a minor and provides
“necessaries” to the minor under the contract, the minor may
disaffirm the contract, and the party providing the necessaries is not entitled
to recover anything under any legal theory of recovery.

a. I only
b. II only
c. Both I and II
d. Neither I nor II

9. All of the following statements are true, EXCEPT:

a. Historically, corporate boards of directors have provided
close supervision of the actions of corporate officers.
b. The Sarbanes-Oxley Act of 2002 requires public companies
to have board audit committees comprising only independent directors.
c. Increasing the information and resources of members of
the board of directors of a corporation would help facilitate greater
accountability on the part of corporate management.
d. The Sarbanes-Oxley Act of 2002 has a provision by which
fraudulently obtained stock option profits may be recovered by companies.

10. Which of the following statements is true?

a. Analogies provide conclusive proof for the wisdom of
taking an action on behalf of one corporation due to the success of the same
action in another.
b. The logical fallacy of begging the question involves
appealing to the board of directors to overrule actions of corporate officers,
and to make certain key business decisions on its own.
c. The gambler’s fallacy is encountered only if a corporate
officer makes a highly risky decision that is inconsistent with the overall
risk profile of the individual corporation.
d. A corporate officer who justifies spending additional
money on a certain project in an attempt to recover money already spent and
used up is likely guilty of committing the sunk cost fallacy.

11. Which of the following statements are true?

I. In a lawsuit concerning a written contract, the parol
evidence rule forbids the introduction of any evidence other than the contract
itself, in all situations.
II. The overall goal of interpreting the meaning of a
contract or its terms is to ascribe the meaning that a reasonable person would
be expected to give to the term or matter at issue.

a. I only
b. II only
c. Both I and II
d. Neither I nor II

12. All of the following statements are true, EXCEPT:

a. Many contracts contain express conditions. These are
certain things that must happen before one of the parties is expected to
perform his obligations under the contract.
b. Under a contract for the construction of a building, if
the builder only substantially performs, but doesn’t completely perform, his
contractual obligations, the other party has no further obligations under the
contract whatsoever.
c. If one party to a contract makes it clear by word or act
he won’t perform his obligations under a valid contract, this constitutes a
breach of contract by anticipatory repudiation.
d. If a party can’t perform under a contract due to certain
circumstances, or it becomes economically unfeasible to do so, performance
under the contract may be excused, under certain conditions.

13. Which of the following statements are true?

I. The protection against compulsory self-incrimination
applies to individuals, partnerships and corporations. Thus, individuals who
are custodians of corporate records may refuse to produce corporate records
that may tend to implicate them personally.
II. The double jeopardy clause protects against more than
one criminal proceeding being brought against someone by the government for the
same offense, but doesn’t prohibit a civil proceeding that is instituted after
the conclusion of a criminal proceeding.

a. I only
b. II only
c. Both I and II
d. Neither I nor II

14. Which of the following statements are true?

a. It is not necessary to enact a statute to make an act a
crime. There are common law crimes, which consist of offenses that are derived
from legal principles enunciated by judges in cases brought against criminal
defendants.
b. Anyone who violates a criminal statute may be convicted
of a crime whether or not the defendant had the capacity to form criminal
intent when the defendant committed the crime.
c. Criminal statutes do not require that criminal intent, or
mens rea, be demonstrated by the prosecution.
d. A formal criminal charge may be brought either by an
indictment or by an information, depending on the jurisdiction in which the
charge is brought.

15. Which of the following statements are true?

I. Corporate ethics codes have generally eliminated the need
for ethical training and for greater corporate focus on ethical issues.
II. Corporate ethics codes cannot impose greater obligations
on employees than those imposed under the law.

a. I only
b. II only
c. Both I and II
d. Neither I nor II

16. All of the following statements are true, EXCEPT:

a. Persons generally have no reasonable expectation of
privacy in areas such as open fields or other similar areas open to the public.
b. As a general, rule, searches carried out without proper
search warrants are considered unreasonable.
c. Due to the privilege against self-incrimination, no one
may be compelled to provide physical evidence that may incriminate them such as
fingerprints, blood, or hair samples.
d. Under the modern rule, a corporation may be held liable
for criminal offenses committed by employees who acted within the scope of
their employment and for the benefit of the corporation.

17. Which of the following statements are true?

a. The Foreign Corrupt Practices Act prohibits giving things
of value to foreign governments to influence their official actions.
b. Under RICO, a court may assess fines and imprisonment if
a defendant is convicted, but the court may not seize, or forfeit, assets
derived from a criminal enterprise.
c. There is currently no legal prohibition against using a
computer to defraud someone.
d. Businesses cannot be convicted of crimes. Only
individuals may be convicted of crimes.

18. Which of the following statements are true?

I. The moral rights ethical approach holds that decisions
must be consistent with fundamental rights and privileges, such as the right to
privacy, freedom of conscience and property ownership, and that it is the duty
of all to maintain the rights of others.
II. The justice principle of ethics is based on fairness and
distributive justice.

a. I only
b. II only
c. Both I and II
d. Neither I nor II

19. All of the following statements are true, EXCEPT:

a. In general, auditors, consultants and securities professionals
owe their clients a duty to exercise the care and skill of the ordinary prudent
professional in the same circumstances.
b. Courts determine the specific standards of ordinary
prudence in each profession, and do not defer at all to those in the profession
in determining what constitutes ordinary prudence in the given profession.
c. Professionals owe their clients the duty to comply with
contracts the professionals have entered into with their clients.
d. Professionals may not delegate their duty to perform
under a contract to someone else without the consent of their client.

20. Which of the following statements is true?

a. Securities professionals owe no obligation to make sure
securities they recommend to their clients are suitable to their clients’
financial circumstances.
b. In some circumstances, courts may allow professionals to
defend themselves from legal liability to their clients because of their
clients’ contributory or comparative negligence.
c. There is no obligation of confidentiality owed by a
professional to his or her clients.
d. Professionals will not be found legally responsible to
persons with whom they have no contract to provide professional services.

21. Which of the following statements are true?

I. There are two elements to the professional’s duty of
performance: reasonable skill and reasonable care.
II. Since embezzlement is a crime requiring specific intent,
accountants may not be found liable to their client’s for negligently failing
to uncover employee fraud or embezzlement.

a. I only
b. II only
c. Both I and II
d. Neither I nor II

22. All of the following statements are true, EXCEPT:

a. A professional may be liable for fraud if he acts with
scienter?that is he knows of the falsity of a statement, or acts in reckless
disregard of the truth.
b. A professional may not disclose sensitive client matters
such as income and wealth, or use secret information about a client’s new
product to purchase the client’s securities.
c. In most cases, when the professional has committed fraud,
liability of the professional may extend to persons beyond the professional’s
client, and will likely include all foreseeable users of the professional’s
work product who suffered damages proximately caused by the fraud.
d. Auditors or underwriters of securities cannot be held
legally liable to purchasers of securities whether or not they are responsible
for a defective registration statement.

23. Which of the following statements is true?

a. Professionals may escape all professional liability by
forming a Limited Liability Company (LLC).
b. RICO is an effective criminal and civil statute that can
be used against organized criminal enterprises, but it may not be applied to
otherwise legitimate businesses, such as corporations.
c. The attorney-client privilege may protect a lawyer’s
working papers from disclosure, as well as communications between clients and
their attorneys.
d. There is no accountant-client privilege recognized by
statute, or otherwise.

24. Which of the following statements are true?

I. Professionals may be found legally liable for breach of
contract, or for negligence.
II. Professionals owe their clients contractual duties to
perform as they said they would under a contract with their clients.

a. I only
b. II only
c. Both I and II
d. Neither I nor II

25. All of the following statements are true, EXCEPT:

a. Learning about the law is fun and interesting.
b. I’ve learned many helpful legal rules and doctrines in
this course.
c. Business persons should have a good working familiarity
with key legal principles.
d. Non-attorney professionals have no need to know anything
about the law?knowledge of the law is for lawyers only.Multiple-Choice questions on lawGive suggestions for the following law questions:1. Which of the following statements is true?a. If one has entered into a contract, one is obligated to
fully perform one’s obligations under the contract, even if it becomes
impossible to do so.b. One must perform all promises made under a contract, even
if performance subsequently becomes illegal.c. There can be contractual conditions that aren’t stated
expressly in a contract, but are implied by law.d. Performance under a contract that becomes more expensive
gives rise to a right to void the contract by the party who would have to bear
the increased expense.2. Which of the following statements are true?I. The only legally recognized remedy for breach of contract
is the award of money damages.II. Courts may be called upon to determine the meaning of
contract terms.a. I onlyb. II onlyc. Both I and IId. Neither I nor II3. All of the following statements are true, EXCEPT:a. Contracts that increase the burden of performance of the
person obligated to perform under the contract cannot be assigned.b. Third persons, who are viewed as intended beneficiaries
under a contract, have rights to sue to enforce these contracts.c. Contracts may have conditions, which make obligations
contingent on some future event.d. Even if one party to a contract has materially breached
her duty to perform under the contract, she may still recover damages from the
other party if he has failed to fully perform his obligations under the
contract.4. Which of the following statements is true?a. If a party demonstrates another party has breached a
contract, and brings a lawsuit for this, the party can seek damages, but there
is no other form of legal relief that may be sought by the party suffering the
breach of contract.b. A contract may specify penalties that will be due and
owing if one of the parties beaches the contract, and such penalties will be
enforced by the courts, even if they are much more than a reasonable
approximation of the damages that will be sustained if there’s a breach of
contract.c. Neither consequential nor punitive damages can be awarded
in most breach of contract cases.d. If a party agreeing to perform a personal service under a
contract breaches the contract, that party may be ordered by a court to perform
the service.5. Which of the following statements are true?I. There can be no contract without consideration.II. Under no circumstances can a minor have any obligations
arising from a contract.a. I onlyb. II onlyc. Both I and IId. Neither I nor II6. All of the following statements are true, EXCEPT:a. Generally, courts will refuse to enforce contracts that
involve illegal activities.b. Generally, courts will refuse to enforce contracts that
are determined to be contrary to public policy.c. A court will not set aside a contract due to the mistake
of the parties to the contract. This is true even if the mistake was made by
both parties, and it affected a basic assumption upon which the contract was
made that has a material effect on the agreed exchange of performances.d. A contract will be set aside by a court if one of the
parties was under duress at the time the contract was formed, or one party
exercised undue influence on the other party.7. Which of the following questions are true?a. The stakeholder theory of corporate responsibility
asserts that the corporation should act in a way that most maximizes overall
profit to the corporation.b. Deontological ethical theories provide that one’s course
of action should be determined by discovering which choice maximizes the total
benefits to society, regardless of whether the decision itself is just or
moral.c. One major problem of rights theories of ethical decision
making is the difficulty of reaching agreement on the rights that must be protected.d. The ethical theory of profit maximization is highly
concerned with the distribution of wealth throughout society.8. Which of the following statements are true?I. Contracts with people who lack capacity to enter into
contracts are voidable by the party lacking capacity.II. If one makes a contract with a minor and provides
“necessaries” to the minor under the contract, the minor may
disaffirm the contract, and the party providing the necessaries is not entitled
to recover anything under any legal theory of recovery.a. I onlyb. II onlyc. Both I and IId. Neither I nor II9. All of the following statements are true, EXCEPT:a. Historically, corporate boards of directors have provided
close supervision of the actions of corporate officers.b. The Sarbanes-Oxley Act of 2002 requires public companies
to have board audit committees comprising only independent directors.c. Increasing the information and resources of members of
the board of directors of a corporation would help facilitate greater
accountability on the part of corporate management.d. The Sarbanes-Oxley Act of 2002 has a provision by which
fraudulently obtained stock option profits may be recovered by companies.10. Which of the following statements is true?a. Analogies provide conclusive proof for the wisdom of
taking an action on behalf of one corporation due to the success of the same
action in another.b. The logical fallacy of begging the question involves
appealing to the board of directors to overrule actions of corporate officers,
and to make certain key business decisions on its own.c. The gambler’s fallacy is encountered only if a corporate
officer makes a highly risky decision that is inconsistent with the overall
risk profile of the individual corporation.d. A corporate officer who justifies spending additional
money on a certain project in an attempt to recover money already spent and
used up is likely guilty of committing the sunk cost fallacy.11. Which of the following statements are true?I. In a lawsuit concerning a written contract, the parol
evidence rule forbids the introduction of any evidence other than the contract
itself, in all situations.II. The overall goal of interpreting the meaning of a
contract or its terms is to ascribe the meaning that a reasonable person would
be expected to give to the term or matter at issue.a. I onlyb. II onlyc. Both I and IId. Neither I nor II12. All of the following statements are true, EXCEPT:a. Many contracts contain express conditions. These are
certain things that must happen before one of the parties is expected to
perform his obligations under the contract.b. Under a contract for the construction of a building, if
the builder only substantially performs, but doesn’t completely perform, his
contractual obligations, the other party has no further obligations under the
contract whatsoever.c. If one party to a contract makes it clear by word or act
he won’t perform his obligations under a valid contract, this constitutes a
breach of contract by anticipatory repudiation.d. If a party can’t perform under a contract due to certain
circumstances, or it becomes economically unfeasible to do so, performance
under the contract may be excused, under certain conditions.13. Which of the following statements are true?I. The protection against compulsory self-incrimination
applies to individuals, partnerships and corporations. Thus, individuals who
are custodians of corporate records may refuse to produce corporate records
that may tend to implicate them personally.II. The double jeopardy clause protects against more than
one criminal proceeding being brought against someone by the government for the
same offense, but doesn’t prohibit a civil proceeding that is instituted after
the conclusion of a criminal proceeding.a. I onlyb. II onlyc. Both I and IId. Neither I nor II14. Which of the following statements are true?a. It is not necessary to enact a statute to make an act a
crime. There are common law crimes, which consist of offenses that are derived
from legal principles enunciated by judges in cases brought against criminal
defendants.b. Anyone who violates a criminal statute may be convicted
of a crime whether or not the defendant had the capacity to form criminal
intent when the defendant committed the crime.c. Criminal statutes do not require that criminal intent, or
mens rea, be demonstrated by the prosecution.d. A formal criminal charge may be brought either by an
indictment or by an information, depending on the jurisdiction in which the
charge is brought.15. Which of the following statements are true?I. Corporate ethics codes have generally eliminated the need
for ethical training and for greater corporate focus on ethical issues.II. Corporate ethics codes cannot impose greater obligations
on employees than those imposed under the law.a. I onlyb. II onlyc. Both I and IId. Neither I nor II16. All of the following statements are true, EXCEPT:a. Persons generally have no reasonable expectation of
privacy in areas such as open fields or other similar areas open to the public.b. As a general, rule, searches carried out without proper
search warrants are considered unreasonable.c. Due to the privilege against self-incrimination, no one
may be compelled to provide physical evidence that may incriminate them such as
fingerprints, blood, or hair samples.d. Under the modern rule, a corporation may be held liable
for criminal offenses committed by employees who acted within the scope of
their employment and for the benefit of the corporation.17. Which of the following statements are true?a. The Foreign Corrupt Practices Act prohibits giving things
of value to foreign governments to influence their official actions.b. Under RICO, a court may assess fines and imprisonment if
a defendant is convicted, but the court may not seize, or forfeit, assets
derived from a criminal enterprise.c. There is currently no legal prohibition against using a
computer to defraud someone.d. Businesses cannot be convicted of crimes. Only
individuals may be convicted of crimes.18. Which of the following statements are true?I. The moral rights ethical approach holds that decisions
must be consistent with fundamental rights and privileges, such as the right to
privacy, freedom of conscience and property ownership, and that it is the duty
of all to maintain the rights of others.II. The justice principle of ethics is based on fairness and
distributive justice.a. I onlyb. II onlyc. Both I and IId. Neither I nor II19. All of the following statements are true, EXCEPT:a. In general, auditors, consultants and securities professionals
owe their clients a duty to exercise the care and skill of the ordinary prudent
professional in the same circumstances.b. Courts determine the specific standards of ordinary
prudence in each profession, and do not defer at all to those in the profession
in determining what constitutes ordinary prudence in the given profession.c. Professionals owe their clients the duty to comply with
contracts the professionals have entered into with their clients.d. Professionals may not delegate their duty to perform
under a contract to someone else without the consent of their client.20. Which of the following statements is true?a. Securities professionals owe no obligation to make sure
securities they recommend to their clients are suitable to their clients’
financial circumstances.b. In some circumstances, courts may allow professionals to
defend themselves from legal liability to their clients because of their
clients’ contributory or comparative negligence.c. There is no obligation of confidentiality owed by a
professional to his or her clients.d. Professionals will not be found legally responsible to
persons with whom they have no contract to provide professional services.21. Which of the following statements are true?I. There are two elements to the professional’s duty of
performance: reasonable skill and reasonable care.II. Since embezzlement is a crime requiring specific intent,
accountants may not be found liable to their client’s for negligently failing
to uncover employee fraud or embezzlement.a. I onlyb. II onlyc. Both I and IId. Neither I nor II22. All of the following statements are true, EXCEPT:a. A professional may be liable for fraud if he acts with
scienter?that is he knows of the falsity of a statement, or acts in reckless
disregard of the truth.b. A professional may not disclose sensitive client matters
such as income and wealth, or use secret information about a client’s new
product to purchase the client’s securities.c. In most cases, when the professional has committed fraud,
liability of the professional may extend to persons beyond the professional’s
client, and will likely include all foreseeable users of the professional’s
work product who suffered damages proximately caused by the fraud.d. Auditors or underwriters of securities cannot be held
legally liable to purchasers of securities whether or not they are responsible
for a defective registration statement.23. Which of the following statements is true?a. Professionals may escape all professional liability by
forming a Limited Liability Company (LLC).b. RICO is an effective criminal and civil statute that can
be used against organized criminal enterprises, but it may not be applied to
otherwise legitimate businesses, such as corporations.c. The attorney-client privilege may protect a lawyer’s
working papers from disclosure, as well as communications between clients and
their attorneys.d. There is no accountant-client privilege recognized by
statute, or otherwise.24. Which of the following statements are true?I. Professionals may be found legally liable for breach of
contract, or for negligence.II. Professionals owe their clients contractual duties to
perform as they said they would under a contract with their clients.a. I onlyb. II onlyc. Both I and IId. Neither I nor II25. All of the following statements are true, EXCEPT:a. Learning about the law is fun and interesting.b. I’ve learned many helpful legal rules and doctrines in
this course.c. Business persons should have a good working familiarity
with key legal principles.d. Non-attorney professionals have no need to know anything
about the law?knowledge of the law is for lawyers only.

The post Multiple-Choice questions on law
Give suggestions for the following law question appeared first on Destiny Papers.