FBLA TEST #2 EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS, Exams of Nursing

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FBLA TEST #2 EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS 1: The most direct way employers discriminate is through Disparate treatment Disparate impact Age discrimination Business necessity - Answer ✔✔Disparate treatment 2: An oral statement of fact or promise constitutes No warranty An implied warranty An express warranty A limited warranty - Answer ✔✔An express warranty 3: A person has the right to control the conduct of another, who is performing a physical task for that person, is called a(n) Agent's agent Master Independent contractor Principal - Answer ✔✔Master 4: When a minor disaffirms a contract, the merchandise received upon entering the contract should be Undamaged Returned Paid for Ratified - Answer ✔✔Returned 5: When a contract ends, it is said to be Discharged Released Tendered Avoided - Answer ✔✔Discharged 6: Shareholders who want to control the election of the board of directors by buying a majority of the shares in a corporation but are unable to, may try to obtain a Pooling agreement Proxy Shareholder proposal Voting trust - Answer ✔✔Proxy 7: A type of co-ownership in which a person's heirs inherit that person's share of property is known as Tenancy by the entirety Tenancy in common Joint tenancy Defective Mistaken - Answer ✔✔Defective 15: To say that a contract is legally binding it is Valid Express Unilateral Definite - Answer ✔✔Valid 16: If a licensing statute is designed to raise revenue rather than to protect the public, contracts made with unlicensed persons will be Void Voidable Nonbinding Binding - Answer ✔✔Binding 17: If unauthorized charges are made on a credit card before the issuing company is notified, the cardholder is liable for $25 $50 $75 $100 - Answer ✔✔$50 18: The transfer of a duty or detriment is called Delegation Assignment Novation Relegation - Answer ✔✔Delegation 19: Fulfilling all terms of a contract properly and totally is called Satisfactory performance Substantial performance Complete performance Tender of performance - Answer ✔✔Complete performance 20: Land, and anything permanently attached to the land, is Tangible property Real property Personal property Genuine property - Answer ✔✔Real property 21: Minors may be employed in certain jobs as long as their work does not interfere with Religious training Schooling Family duties Social life - Answer ✔✔Schooling 22: The detailed view of a stock offering that must be filed with the SEC is known as a Prospectus Registration statement Financial statement Commerce clause - Answer ✔✔Prospectus 23: The jurisdiction of local courts is General Appellate Special Limited - Answer ✔✔Limited 24: A consumer who wishes to cancel a contract made with a door-to- door salesperson must do so within Three days Three weeks 24 hours two days - Answer ✔✔Three days 25: A partner who takes no active role and is not known publicly, but has unlimited liability is a Silent partner Accord and satisfaction - Answer ✔✔Accord and satisfaction 33: Damages agreed upon by the parties when they first enter into a contract are called Actual damages Incidental damages Anticipatory damages Liquidated damages - Answer ✔✔Liquidated damages 34: The oldest legal test of insanity is the Miranda Test American Law Institute Test M'Naghten Rule Entrapment Rule - Answer ✔✔M'Naghten Rule 35: Third parties are entitled to notice of an agency's Liability Termination Estoppel Indemnification - Answer ✔✔Termination 36: Social security benefits provided to persons who are unable to work due to illness or injury are known as Retirement benefits Survivor's benefits Disability benefits Medicare benefits - Answer ✔✔Disability benefits 37: At the bottom level of the federal court system are the federal Small claims courts District courts Municipal courts Appellate courts - Answer ✔✔District courts 38: A partnership that is formed simply by the way two or more people conduct their business is called Partnership by estoppel Partnership by proof of existence Apparent partnership Limited partnership - Answer ✔✔Partnership by proof of existence 39: The person awarded charge and control of minor children is called the Guardian parent Legal parent Custodial parent Permanent parent - Answer ✔✔Custodial parent 40: Charge accounts are examples of Usury Open-end credit Secured loans Closed-end credit - Answer ✔✔Open-end credit 41: A full endorsement is also known as a Qualified endorsement Restrictive endorsement Blank endorsement Special endorsement - Answer ✔✔Special endorsement 42: One corporation's purchase of substantially all property belonging to another corporation is a(n) Consolidation Asset acquisition Stock acquisition Merger - Answer ✔✔Asset acquisition 43: Most partnership law is set forth in the Articles of Partnership Uniform Commercial Code Uniform Partnership Act 51: If a valid offer is met with a valid acceptance, the result is Misrepresentation Genuine agreement Legality Capacity - Answer ✔✔Genuine agreement 52: Preferred status is given to a(n) Holder Holder in due course Indorser Drawer - Answer ✔✔Holder in due course 53: An endorsement that limits the liability of the indorser is a Qualified endorsement Restrictive endorsement Blank endorsement Special endorsement - Answer ✔✔Qualified endorsement 54: Persons related by blood are said to be related by Affinity Bigamy Common law Consanguinity - Answer ✔✔Consanguinity 55: The party who presents a negotiable instrument is entitled to have the instrument Signed Indorsed Negotiated Paid - Answer ✔✔Paid 56: Patents, copyrights, and trademarks refer to Tangible personal property Intangible personal property Bailments Intellectual property - Answer ✔✔Intellectual property 57: The person the agent deals with on behalf of the principal is called the Coagent Proprietor Servant Third party - Answer ✔✔Third party 58: The property pledged by the debtor as security for the debt is the Surety Credit Interest Collateral - Answer ✔✔Collateral 59: Vicarious liability is based on the principal of Apparent authority Negligible duty Respondeat superior Scope of employer - Answer ✔✔Respondeat superior 60: A written notice filed by creditors in a public office that a security interest exists is a Security agreement Financing statement Secured loan Disclosure statement - Answer ✔✔Financing statement 61: Most contracts end by Agreement Performance Operation of law Impossibility of performance - Answer ✔✔Performance 69: A draft that is not payable until the lapse of the particular period stated on the draft is a(n) Trade acceptance Sight draft Accepted draft Time draft - Answer ✔✔Time draft 70: A low down payment and smaller monthly payments are advantages of Buying Financing Leasing Loaning - Answer ✔✔Leasing 71: A person who dies without making a will is said to have died In dower In courtesy Intestate In codicil - Answer ✔✔Intestate 72: A receipt given by a carrier to a shipper for shipment of goods is known as Warehouse receipt Delivery tender Bill of lading Document of title - Answer ✔✔Bill of lading 73: Goods must be fit for ordinary purposes under the implied warranty of Merchantability Title Fitness for a particular purpose Privity - Answer ✔✔Merchantability 74: To be effective, an offer must be communicated to the Attorney Offeree Lendor Offeror - Answer ✔✔Offeree 75: A food and drug containing an ingredient that reduces its standard quality is said to be Misbranded Adulterated Fraudulent Impure - Answer ✔✔Adulterated 76: A principal who makes his or her agent's job difficult or impossible has breached the duty of Reimbursement Authority Cooperation Obedience - Answer ✔✔Cooperation 77: An individual who owns part of a corporation is called a(n) Partner Proprietorship Shareholder Director - Answer ✔✔Shareholder 78: All corporations issue Preferred stock Par value stock Common stock No-par value stock - Answer ✔✔Common stock 79: The real power a principal gives to an agent to act in his or her behalf is called Good faith Apparent authority Judgment and skill Blue laws Red laws Day of rest laws Holiday statutes - Answer ✔✔Blue laws 88: The written instrument by which the borrower pledges real property to the lender as security for a loan is the General warranty deed Purchase and sale agreement Lease Mortgage - Answer ✔✔Mortgage 89: A false statement made orally to a third party is Slander Defamation Breach of duty Libel - Answer ✔✔Slander 90: An agent who suffers a loss as a result of a principal's instructions is entitled to Indemnification Compensation Cooperation Remunerations - Answer ✔✔Indemnification 91: The U.S. Supreme Court decides which cases it will hear by a vote of its 7 justices 9 justices 11 justices 13 justices - Answer ✔✔9 justices 92: Mutual mistake is also known as Unilateral mistake Bilateral mistake Material mistake Intentional mistake - Answer ✔✔Bilateral mistake 93: If a mentally impaired person is declared insane and a guardian appointed, the mentally impaired person's contracts are Voidable Void Binding Ratified - Answer ✔✔Void 94: The wrongful failure to perform a promise set forth in a contract is Perjury Voidance of contract Breach of contract Misrepresentation - Answer ✔✔Breach of contract 95: A corporation organized for the purpose of making money is a(n) Stock corporation Profit corporation Public corporation Nonprofit corporation - Answer ✔✔Profit corporation 96: Threats of a business nature that cause a person to enter into a contract without real consent would qualify as Undue influence Duress Economic duress Fraud - Answer ✔✔Economic duress 97: Goods that presently exist and are the subject matter of a particular contract are Specified goods Real goods Tangible goods Identified goods - Answer ✔✔Identified goods 98: To qualify under a new-car lemon law, a car must be no older than