APU Busn311 week 2 quiz (All Correct) 2023 Business & Finance

2023 Question Question 1 of 10 International law includes all of the following except A The law


Question 1 of 10

International law includes all of the following except:

A. The law of sovereign foreign countries

B. Foreign custom and religious law

C. Private contracts between parties in different states in the United States

D. International treaties and conventions

Question 2 of 10

Political risk is not affected by a weak or volatile rule of law

A. True

B. False

Question 3 of 10

Which of the following is not a required element for a valid contract in the United States

A. offer

B. acceptance

C. price

D. consideration

Question 4 of 10

The Statute of Frauds:

A. requires parties to attest that they are honest

B. mandates that parties must have legal capacity to enter a contract

C. turns a contract into a criminal case if fraud is present

D. requires that some contracts be in writing in order to be enforced

Question 5 of 10

A counter offer is a rejection of the offer.

A. True

B. False

Question 6 of 10

All of the following are defects that would trigger strict liability except:

A. customer using the product incorrectly

B. design defect

C. manufacturing defect

D. warning defect

Question 7 of 10

Which of the following is a legitimate subject matter for a patent?

A. a mathematical formula

B. a business process

C. products of nature

D. printed material

Question 8 of 10

Which of the following is not a factor in determining whether a trademark is inherently distinctive:

A. usefulness

B. fanciful

C. arbitrary

D. suggestive

Question 9 of 10

Trade secret disclosure suits can be filed with the USPTO.

A. True

B. False

Question 10 of 10

Business policies are usually inconvenient restrictions and a business hindrance.

A. True

B. False




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