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Test 1 Corrections

QuestionAnswer
5. Walter sends a threatening letter to a U.S. Supreme Court justice. Which agency would be responsible for providing protection to the judge? B. US Marshall
11. After stealing several thousands of dollars worth of merchandise, the police arrest him. What is the classification of this crime? B. Felony
17. Carol gives up her legal right to sue Janice. What term describes this situation? D. Forbearance
18. John sold a watch he owned. What term is used to identify the watch in this transaction? C. Detriment
20. A threat against a persons's business would violate which element? C. Genuine Agreement
21. A contract to charge a set price with competitors violates which element? C. Legality
22. Which is a type of unilateral mistake? D. Signing a contract without reading it
25. Marco and Angelica are purchasing their first home. What law requires that their contract be in writing? C. Statute of Frauds
26. A detective caught a suspect who intentionally set fire to a pharmacy. He was not allowed to accept a gift from the proprietor due to: B. Existing Duty
37. Jason's Deli hires Sam as a consultant to improve the menu. The CEO assigns the VP of Marketing to assist the consultant. In this scenario, the VP of Marketing is the: B. Employee
43. Which agency promotes supply supply and delivery of reliable, affordable, and environmentally sound energy? D. Department of Energy
46. Which act establishes activities for recycling, source reduction, and sustainable agriculture, and helps to promote the conservation of energy, water, and natural resources? A. Pollution Prevention Act
47. Which act increases clean renewable fuel production, research on greenhouse gas, and improves the government's energy performance? B. Energy Independence and Security Act
48. Which act provides policies for hoe different sources of energy are developed? A. Energy Policy Act
51. Coca Cola and McDonald's have symbols that identify their products. What term is used to identify their symbols? D. Trademark
56. After registering a trademark, what symbol should be placed by all protect marks? A. R within a circle
58. Chris received his VISA statement in the mail. He now understands how long it will take to pay off the balance if he only makes the minimum payment. VISA is complying with which act? A. Credit Card Act of 2009
59. Tammy obtained a loan with an interest rate of 39.99% from a bank. Which law did this financial institution violate? B. Usury Law
61. VISA increased Jimmy's interest rate from 10.99% to 15.99% without notifying him of this change in writing. Which law did VISA violate? A. Credit Card Act of 2009
62. Vince is being threatened by his credit card company after falling behind in his payments. What law protects him against this concern? D. Fair Debt Collections Act
63. Catherine has $175,000 in an account at Bank of America. Which act protects her account if the bank fails? A. Federal Deposit Insurance Act
65. Janet stole money from several different checking accounts. She had to pay a $5,000 fine and spent five years in prison. Janet violated which act? C. Thrift and Bank Fraud Act
69. On her 65th birthday, Teresa needs health care for a medical procedure. What type of social security benefit can she receive? B. Medicare
70. Fran is 80 years old and has to go to the doctor every month for treatments. What type of social security benefit will cover her? B. Medicare Benefits
71. Roger wants to purchase insurance that will provide financial support for his family in the event of his death. Which insurance should he purchase? A. Life
73. George is married to Sidney and Alexis. He then marries Tracey. The last marriage is considered illegal on what grounds? D. Polygamy
74. After Tammy and George are married for a few years, Tammy finds out that George was never legally divorced from his first wife. Tammy can now file for an annulment on what grounds? C. Past marriage
75. While married, Kenny is checked into a substance abuse center. Sharon can file for divorce from Kenny based on what grounds? A. Alcoholism
78. After a court order, Rita has been sentenced to a substance abuse center. On what grounds can Kevin file for divorce from Rita? B. Drug addiction
80. After John dies, his family discovers he DOES NOT have a will. The court then appoints someone to carry out the will. What term is used to identify this person? A. Administrator
81. George signed a document giving his wife permission to act on his behalf during his illness. Which term identifies the type of document George signed? C. Power of attorney
83. Bobby bought a beach home this past summer and wants to add it to his will. What legal document must be completed for this change? B. Codicil
84. After Rachel dies, her son take her will to a lawyer. The executor must then distribute her estate according to which type of law? D. State
86. When a consumer complaint is not resolved, the last resort for a consumer to contact with the complaint is what? B. Attorney to file a lawsuit
87. Rob's Roofing replaced shingles on Meredith's house. When the first hard rain and wind came, the house leaked. No one at Rob's Roofing is returning Meredith's calls. Who can Meredith contact to help her? A. BBB
88. Tony received goods COD. WHat does the term COD mean in a sales contract? C. Collect on delivery
89. ACE, Inc. sent goods f.o.b. to Tony. What does the shipment term f.o.b. mean? B. Free on board
91. James transferred money to a known international terrorist group. Which federal agency has jurisdiction for this investigation? A. FBI
92. James transferred money to a known international terrorist group linked to a plot to destroy a historical federal landmark. Which federal agency has jurisdiction for this investigation? D. Homeland Security
95. A North Carolina state government employee is accused of embezzling money from the state. Which law enforcement agency would have jurisdiction for this investigation? A. NC SBI
96. The court case, Murphy v. State of North Carolina, is heard by which branch of government? C. Judicial
97. Congressman Smith of South Dakota is a member of the U.S. House of Representatives. The position of representative is a part of which branch of government? D. Legislative
98. An adult goes to court for an arraignment. In what type of trial will this procedure occur? C. Criminal
99. Felicia does not appear in court at her designated time. What will she forfeit? B. Bail
100. Sandy sues after being hit by a hockey puck at a professional game. What defense will the hockey team owner use? A. Assumption of Risk
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