BUSN311 WEEK 2 QUIZ  Question  International law includes all of the following except:

  1. The law of sovereign foreign countries
  2. Foreign custom and religious law
  3. Private contracts between parties in different states in the United States
  4. International treaties and conventions

Question 2 of 10

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

  1. True
  2. False

Question 3 of 10

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

  1. offer
  2. acceptance
  3. price
  4. consideration

Question 4 of 10

The Statute of Frauds:

  1. requires parties to attest that they are honest
  2. mandates that parties must have legal capacity to enter a contract
  3. turns a contract into a criminal case if fraud is present
  4. 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.

  1. True
  2. False

Question 6 of 10

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

  1. customer using the product incorrectly
  2. design defect
  3. manufacturing defect
  4. warning defect

Question 7 of 10

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

  1. a mathematical formula
  2. a business process
  3. products of nature
  4. printed material

Question 8 of 10

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

  1. usefulness
  2. fanciful
  3. arbitrary
  4. suggestive

Question 9 of 10

Trade secret disclosure suits can be filed with the USPTO.

  1. True
  2. False

Question 10 of 10

Business policies are usually inconvenient restrictions and a business hindrance.

  1. True
  2. False

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