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1. BUSN 420 All Quizzes Solution
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BUSN 420 All Quizzes Solution
Two Sets of Quizzes Included
BUSN 420 Week 1 Quiz
Question 1
5 out of 5 points
The Sarbanes-OxleyAct of 2002 applies onlyto foreign public accounting firms thatprovide auditing services to
“issuers.”
Question 2
5 out of 5 points
Yves is an accountantcharged with negligence by Zesty Soup Company,a client.Yves may successfullydefend
againstthe claim if he can show that
Question 3
5 out of 5 points
Mona, an accountant, prepares for NuTech Corporation a financial statementthatomits a material fact. Th e financial
statementis included in NuTech’s registration statement,which Pam reads.Pam buys NuTech stock.Under Section
11 of the Securities Act of 1933, for Mona to be liable for the omission,Pam mustshow that
Question 4
5 out of 5 points
Professionals are obligated to adhere to standards ofperformance commonlyaccepted within their profession.
Question 5
0 out of 5 points
Generally, an attorney is not liable to a nonclientunless the attorneyhas committed fraud.
Question 6
5 out of 5 points
Filtration Products,Inc., files a suitagainstEmmett,its former accountant,alleging constructive fraud.Emmettmay
be held liable
Question 7
5 out of 5 points
A client’s negligence is never a defense to a charge of negligence againstan accountant.
Question 8
5 out of 5 points
Rex, an accountant,enters into a contract to provide services to Sofi. Rex does not finish the work within the
contract’s deadline.Sofi pays a penalty for the missed deadline and hires Treyto complete the job.Rex is mostlikely
liable for
Question 9
5 out of 5 points
Tiny is an accountant.Tiny’s violation of generallyaccepted accounting principles and generallyaccepted auditing
standards
Question 10

2. 5 out of 5 points
Tony is an accountantwhose clients include U-All Company.If Tony is negligentin his work for U-All, mostcourts
would hold him liable to U-All and
Question 11
5 out of 5 points
Nina,an accountant,prepares for Omni Corporation a financial statementthatmisstates a material fact. The
statementis included in Omni’s registration statement.Pete,who is in privity with Nina, and Quinn, who is not, each
buy Omni stock.Under Section 11 of the Securities Act of 1933,Nina may be liable to
Question 12
5 out of 5 points
Gert, an accountant,contracts to conductan auditfor Hailey. In performing the audit,Gert fails to detect certain
misconduct.Gert is mostlikely
Selected Answer:
Question 13
5 out of 5 points
Generally, an accountantmustexercise the degree of care that an ordinarilyprudentaccountantwould exercise.
Question 14
0 out of 5 points
A professional can be liable for fraud whether or not he or she acted with fraudulentintent.
Question 15
5 out of 5 points
Traditionally,a professional owed no duty to those with whom the professional had a direct contractua l relationship.
Question 16
5 out of 5 points
An accountantis not liable for an omission in a registration statementto a purchaser ofsecurities ifthe omission had
no causal connection to the purchaser’s loss.
Question 17
5 out of 5 points
Meri, an accountant,includes a false statementin a report for Novelty Paper Products,Inc. (NPPI) that is filed with
the Securities and Exchange Commission.When Otho buys stock in NPPI and loses moneyon the investment,he
files a suitagainstMeri, alleging fraud under the 1934 Securities Exchange Act. To avoid liability,Meri can show that
she
Question 18
5 out of 5 points
Professionals can limittheir liabilityto some extent by disclaiming it.
Question 19
5 out of 5 points
Hadley and Ilene are accountants who work together. Hadley and Ilene can limittheir potential liability for each
other’s misconductbyorganizing their business as
Question 20
5 out of 5 points
Doug is an accountantwhose clients include Everyday Products,Inc. (EPI). Under the Ultramares rule, ifDoug is
negligentin his work for EPI, he could be liable to
Question 1
5 out of 5 points
An accountantis required to discover every impropriety,defalcation,and fraud in a client’s books.
Question 2
5 out of 5 points
Yves is an accountantcharged with negligence by Zesty Soup Company,a client.Yves may successfullydefend
againstthe claim if he can show that
Question 3
5 out of 5 points
Estes,an accountant, contracts to perform services for Frasier.In performing those services,Estes uncovers a
suspicious financial transaction.Estes is mostlikelynot liable if he
Question 4
5 out of 5 points
Bryce’s accountantis Caleb and his attorney is Delilah.All states protect, as privileged information,Bryce’s
communications with
Question 5
5 out of 5 points

3. Lara, an accountant, conducts an auditof Microstuff, Inc. After the conclusion ofthe audit, the working papers
created in preparing the audit mustbe
Question 6
5 out of 5 points
Gert, an accountant,contracts to conductan auditfor Hailey. In performing the audit,Gert fails to detect certain
misconduct.Gert is mostlikely
Question 7
5 out of 5 points
Meri, an accountant,includes a false statementin a report for Novelty Paper Products,Inc. (NPPI) that is filed with
the Securities and Exchange Commission.When Otho buys stock in NPPI and loses moneyon the investment,he
files a suitagainstMeri, alleging fraud under the 1934 Securities Exchange Act. To avoid liability,Meri can show that
she
Question 8
5 out of 5 points
Filtration Products,Inc., files a suitagainstEmmett,its former accountant,alleging constructive fraud.Emmettmay
be held liable
Question 9
5 out of 5 points
Professionals are obligated to adhere to standards ofperformance commonlyaccepted within their profession.
Question 10
0 out of 5 points
Beth is an accountantwith Consumer Sales Corporation.Doral buys Consumer stock and loses moneyon the
investment.To recover from Beth under Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b -5,
Doral mustprove
Question 11
5 out of 5 points
Traditionally,a professional owed no duty to those with whom the professional had a direct contractual relationship.
Question 12
5 out of 5 points
Tiny is an accountant.Tiny’s violation of generallyaccepted accounting principles and generallyaccepted auditing
standards
0 out of 5 points
Tony is an accountantwhose clients include U-All Company.If Tony is negligentin his work for U-All, mostcourts
would hold him liable to U-All and
Question 14
5 out of 5 points
Doug is an accountantwhose clients include Everyday Products,Inc. (EPI). Under the Ultramares rule,ifDoug is
negligentin his work for EPI, he could be liable to
Question 15
5 out of 5 points
For a plaintiff to recover damages under Section 10(b) ofthe Securities Exchange Act of 1934 and SEC Rule 10b-5,
privity is necessary.
Question 16
5 out of 5 points
Generally, an accountantmustexercise the degree of care that an ordinarilyprudentaccountantwould exercise.
17
0 out of 5 points
Quibble Company’s liabilities exceed its assets.Quibble hires Roo& Slay,an accounting firm,to prepare a balance
sheet.Through Roo&Slay’s negligentomissions,the sheetshows a networth. Town Bank relies on the balance
sheetto make a loan to Quibble.When Quibble defaults,Town files a suitagainstRoo& Slay. Under the Restatement
rule, Roo& Slay is mostlikely
Question 18
5 out of 5 points
Rex, an accountant,enters into a contract to provide services to Sofi. Rex does not finish the work within the
contract’s deadline.Sofi pays a penalty for the missed deadline and hires Treyto complete the job.Rex is mostlikely
liable for
Question 19
0 out of 5 points
An accountantmay be liable to anyone who acquires a securitycovered by a registration statementthatcontains a
materiallyfalse statement.

4. Question 20
5 out of 5 points
Bruno is an accountant.Under the Sarbanes-OxleyAct of 2002,the degree of governmentoversightover the public
accounting practices ofBruno and other accountants was
BUSN 420 Week 2 Quiz
Week 2 : Courts and Litigation,Negligence,AccountantLiability– Quiz
1. (TCO 1) Leon files a suitagainstMoira, a medical doctor,alleging negligence.As a physician,Moira is held to the
standard of_____ (Points : 2)
a blameless individual.
a faultless ordinaryperson.
a reliable professional.
a reasonable physician.
2. (TCO 1) Ezra, an accountant,intentionallymisstates a material factto mislead FruitPacking Industries,Inc.,a
client. Fruit Packing justifiablyrelies on the misstatementto its detriment.Ezra is mostlikelyliable for _____ (Points :
2)
actual fraud.
constructive fraud.
destructive fraud.
virtual fraud.
3. (TCO 1) In newspaper ads,Lo-Price Autos falselyaccuses My-T Value Vehicles,a competitor,of selling stolen
cars.My-T’s sales decrease. Lo-Price has mostlikelycommitted _____ (Points :2)
slander ofquality.
slander oftitle.
wrongful interference with a business relationship.
None of the above
4. (TCO 1) Ike pushes Joan,who falls and breaks her arm.Ike is liable for the injury _____ (Points : 2)
if Ike intended to push Joan.
only if Ike did not intend to break Joan’s arm.
only if Ike had a bad motive for pushing Joan.
only if Ike intended to break Joan’s arm.
5. (TCO 1) Travis, an accountant,is subjectto the accounting conventions, rules,and procedures thatconstitute
generallyaccepted accounting principles (GAAP). GAAP are determined by_____ (Points : 2)
state courts.
the American Bar Association.
the American Institute of Certified Public Accountants.
the Financial Accounting Standards Board.
6. (TCO 3) Quality Products,Inc., files a suitagainstRetail Sales Corporation.Sid is a witness for quality. Tod is a
witness for retail.Quality may direct interrogatories to _____ (Points :2)
retail only.
retail, Sid, or Tod.
Sid only.
Sid or Tod only.
7. (TCO 3) Hua, a residentofIllinois,owns a warehouse in Indiana.A dispute arises over the ownership ofthe
warehouse with Jac,a residentof Kentucky. Jac files a suitagainstHua in Indiana.Regarding this suit,Indiana has

5. _____ (Points : 2)
federal question jurisdiction.
inpersonam jurisdiction.
in rem jurisdiction.
no jurisdiction.
8. (TCO 3) In Fancy Frills Corporation’s suitagainstGlamour Stores,Inc., the jury returns a verdict in Fancy’s favor.
Glamour files a motion asking the judge to setaside the verdict and begin new proceedings.This is a motion for
_____ (Points : 2)
a judgmentin accordance with the verdict.
a judgmenton the pleadings.
a new trial.
judgmentn.o.v.
9. (TCO 3) The Idaho Supreme Courtrules againstJiffy Mart in a case againstKwik Stop Stores,Inc. Jiffy Mart files
an appeal with the United States Supreme Court.The Court does nothear the case.This _____ (Points : 2)
is a decision on the merits with value as a precedent.
indicates agreementwith the Idaho court’s decision.
means nothing.
means thatthe Idaho court’s decision is the law in Idaho.
10. (TCO 3) Lynn files a suitagainstKarl.Karl denies Lynn’s charges and sets forth his own claim thatLynn
breached their contract and owes Karl moneyfor the breach. This is _____ (Points : 2)
a counterclaim.
acrossclaim.
an affirmative defense.
an irrelevantresponse.
BUSN 420 Week 3 Quiz
Grade Details – All Questions
Question 1. Question : (TCO 1) Travis, an accountant,is subjectto the accounting conventions,rules,and
procedures thatconstitute generallyaccepted accounting principles (GAAP). GAAP are determined by _____
state courts.
the American Bar Association.
the American Institute of Certified Public Accountants.
the Financial Accounting Standards Board.
Question 2. Question : (TCO 1) Yvon, an accountant, is charged with negligence byZesty Sauce, Inc., a client. Yvon
may successfullydefend againstthe claim ifshe can show that _____
scienter was lacking.
she complied with all generallyaccepted accounting principles.
the negligence was notthe proximate cause of the client’s losses.
the negligence was onlycontributory.
Question 3. Question : (TCO 1) Pluto accuses Quark,an accountant,of committing defalcation.This is _____
embezzlement.
general misconduct.
professional negligence.
throwing something outof a window.
Question 4. Question : (TCO 1) Gert, an accountant, contracts to conductan auditfor Hailey. In performing the audit,
Gert fails to detect certain misconduct.Gertis mostlikely _____
liable if a normal auditwould have revealed the misconduct.
liable if Gert issues a specificallyqualified opinion.
not liable if Gert generallydisclaims anyliability.

6. not liable if the misconductwas due to Hailey’s negligence.
Question 5. Question : (TCO 1) Estes,an accountant,contracts to perform services for Frasier.In performing those
services,Estes uncovers a suspicious financial transaction.Estes is mostlikelynot liable if he _____
acted negligentlyin failing to discover the transaction sooner.
conceals the discovery and otherwise finishes the work.
investigates and reports the discovery to Frasier.
obtains restitution from the perpetrator withoutFrasier’s knowledge.
Question 6. Question : (TCO 3) Ula wants to initiate a suitagainstValley Farms by filing a complaint.The complaint
should include _____
an explanation to refute any defense the defendantmightassert.
a motion for summaryjudgment.
a motion to dismiss.
a statementofthe facts necessaryto show Ula is entitled to relief.
Question 7. Question : (TCO 3) The Idaho Supreme Courtrules againstJiffy Mart in a case againstKwik Stop Stores,
Inc. Jiffy Mart files an appeal with the United States Supreme Court.The Courtdoes not hear the case.This _____
is a decision on the merits with value as a precedent.
indicates agreementwith the Idaho court’s decision.
means nothing.
means thatthe Idaho court’s decision is the law in Idaho.
Question 8. Question : (TCO 3) Hua, a residentof Illinois,owns a warehouse in Indiana.A dispute arises over the
ownership ofthe warehouse with Jac, a residentofKentucky. Jac files a suitagainstHua in Indiana.Regarding this
suit,Indiana has _____
federal question jurisdiction.
inpersonam jurisdiction.
in rem jurisdiction.
no jurisdiction.
Question 9. Question : (TCO 3) In Fancy Frills Corporation’s suitagainstGlamour Stores,Inc., the jury returns a
verdict in Fancy’s favor. Glamour files a motion asking the judge to setaside the verdict and begin new proceedings.
This is a motion for _____
a judgmentin accordance with the verdict.
a judgmenton the pleadings.
a new trial.
judgmentn.o.v.
Question 10.Question : (TCO 3) To prepare for a trial between Large Lots DevelopmentCorporation (LLDC) and
Mini Mansion Construction Company(MMCC), MMCC’s attorney places LLDC’s presidentunder oath.A court
reporter makes a record of the attorney’s questions and the officer’s answers.This is _____
a cross-examination.
a deposition.
an imposition.
an interrogatory.
BUSN 420 Week 4 Quiz
Courts and Alternative Dispute Resolution
1. Moby, a residentof New Jersey, has an accidentwith Ogden, a residentofNew York, while driving through that
state. Ogden files a suitagainstMoby in New York. Regarding Moby, New York has

7. a. federal question jurisdiction.
b. inpersonam jurisdiction.
c. in rem jurisdiction.
d. no jurisdiction.
2. Hua, a residentofIllinois,owns a warehouse in Indiana.A dispute arises over the ownership ofthe warehouse with
Jac, a residentof Kentucky. Jac files a suitagainstHua in Indiana.Regarding this suit,Indiana has
a. federal question jurisdiction.
b. inpersonam jurisdiction.
c. in rem jurisdiction.
d. no jurisdiction.
3. Marbled Granite Companyfiles a suitagainstNatural Stone,Inc., in a Colorado courtwith gen¬eral jurisdiction .In
a Delaware courtwith limited jurisdiction,E-Sales Corporation files a suitagainstFirstState Bank.The differ¬ence
between general and limited ju¬risdiction is
a. the subjectmatter of the cases that the courts can decide.
b. whether a case is being heard for the first time.
c. whether a suitis filed againsta single individual or manypeople.
d. whether a suitis filed by a citizen or by a business.
4. Sam, a citizen of New Mexico, wants to file a suitagainstTanya, a citizen of Texas. Their diversity of citizenship
may be a basis for
a. any court to exercise in rem jurisdiction.
b. a federal districtcourt to exercise original jurisdiction.
c. a U.S. court of appeals to exercise appellate jurisdiction.
d. the United States Supreme Courtto issue a writof certiorari.
5. Jo files a suitagainstLara in a Missouri state court. Lara’s onlyconnection to Missouri is an ad on the Web
originating in Nebraska.For Missouri to exercise jurisdiction,the issue is whether Lara,through her ad, has
a. a commercial cyber presence in Missouri.
b. conducted substantial business with Missouri residents.
c. general maximum contactwith Missouri.
d. solicited virtual business in Missouri.
6. Lora files a suitin Michigan againstNed over the ownership ofa boat docked in a Michigan harbor.Lora and Ned
are residents ofOhio.Ned could ask for a change of venue on the ground that Ohio
a. has a sufficientstake in the matter.
b. has jurisdiction.
c. has sufficientminimum contacts with the parties.
d. is a more convenientlocation to hold the trial.
7. Inferior Companysells products thatare poorly made.Jack, who has never boughtan Inferior product,files a suit
againstthe company,alleging that its products are defective. The firm’s bestground for dis¬missal ofthe suitis that
Jack does nothave
a. certiorari.
b. jurisdiction.

8. c. standing.
d. sufficientminimum contacts.
8. Sam, a citizen of Tennessee,files a suitin a Tennessee state courtagainstUnited Sales Corporation,a Wyoming
companythat does business in Tennessee.The courthas original jurisdiction,which means that
a. the case is being heard for the first time.
b. the court does not have concurrentjurisdiction.
c. the court has standing.
d. the court has venue.
9. Kit loses her suitagainstLou in a Minnesota state trial court. Kit appeals to the state court of appeals and loses
again.Kit would appeal next to
a. a U.S. districtcourt.
b. the Minnesota Supreme Court.
c. the United States Supreme Court.
d. the U.S. Court of Appeals for the Eighth Circuit.
10. The Idaho Supreme Courtrules againstJiffy Mart in a case againstKwik Stop Stores,Inc. Jiffy Mart files an
appeal with the United States Supreme Court.The Courtdoes not hear the case.This
a. is a decision on the merits with value as a precedent.
b. indicates agreementwith the Idaho court’s decision.
c. means nothing.
d. means thatthe Idaho court’s decision is the law in Idaho.
11. Emil wants to initiate a suitagainstFastCreditCompanyby filing a complaint.The complaintshould includ e
a. an explanation of the proof to be offered at trial.
b. a motion for judgmentn.o.v.
c. a motion for judgmenton the pleadings.
d. a statementof the grounds for the court to exercise jurisdiction.
BUSN 420 Week 5 Quiz
Week 5 : UCC Sale of Goods and Administrative Law – Quiz
1. (TCO 5) Chas and Dodie sign a contract for a sale of goods.Chas is to setthe price for the goods at the time of
delivery, but on delivery, refuses to do so.Dody may only (Points : 2)
fix a reasonable price.
fix a reasonable price or treat the contract as canceled.
treat the contract as canceled.
wait for Chas to setthe price.
2. (TCO 5) Bild-Rite,Inc., is a Colorado-based firm thatdoes business with clients throughoutNorth America.Bild-
Rite oversees construction projects, and buys and sells commercial buildings,undeveloped land,and construction
supplies and other goods.Bild-Rite has had to deal with work-site theft and vandalism.With respectto these
circumstances,the Uniform Commercial Code (UCC) provides a framework for (Points : 2)
commercial transactions for the sale of and payment for goods.
international construction contracts.
domestic and foreign transactions in real estate.
prosecuting crimes againstbusiness interests.

9. 3. (TCO 5) Nero and Oona negotiate a contract. Nero prints out a hard copy to review before both parties sign the
electronic form of the contract. Neither party signs the hard copy. Under the Electronic Signatures in Global and
National Commerce Act (E-SIGN Act), the signatures can (Points :2)
be denied effect because they are in electronic form.
be denied effect because Nero has notsigned a hard copy.
be denied effect because Oona has notsigned a hard copy.
not be denied effect because they are in electronic form.
4. (TCO 5) Timmypurchased a car from his local dealership,SparklerCars.However,since the car was not available
in the color that Timmy favored, the sales contractstipulated thatTimmycould immediatelypick up the car from a
nearby warehouse itwas housed in.The warehouse was owned byMr. Putins.Timmyreceived the documentof title
for the car upon payment and presented itto Mr. Putins around a week later. But Mr. Putins informed Timmythat the
car was damaged during a fire in the warehouse.Whatrole does Mr. Putins fulfill in the contract? (Points : 2)
The seller
The consignee
The bailee
The supplier
5. (TCO 5) Gail enters into a contract with Hi-Price Appliances,Inc. In a suitbetween the parties over payment under
the contract, Gail claims thata certain clause is unconscionable.Ifthe court agrees,it may (Points : 2)
refuse to enforce the contract, enforce the contract without the disputed clause,or limitthe application of the disputed
clause.
enforce the contract without the disputed clause only.
limitthe application ofthe disputed clause only.
refuse to enforce the entire contract only.
6. (TCO 6) After notice-and-commentrulemaking,the U.S. Bureau of Land Management(BLM) issues a new rule
and applies itto ClearcutTimber Company.Clearcutappeals the application to a federal court. The court will most
likely defer to the BLM’s interpretation of (Points : 2)
the facts and the law.
the agency’s authority.
procedural requirements.
the Constitution.
7. (TCO 6) Plastix Produx Companyis subjectto a decision bythe Consumer ProductSafety Commission.Opposed
to the decision,PlastixProdux wants a court to review it. First, however, the firm mustuse all of the potential
administrative remedies.This is (Points :2)
an actual controversy at issue.
standing to sue.
the exhaustion doctrine.
the ripeness doctrine.
8. (TCO 6) Pure Water Companyis subjectto a decision bythe Environmental Protection Agency. Pure Water
appeals the decision,arguing thatit is arbitrary and capricious.This could mean thatthe decision (Points :2)
changed the agency’s prior policy withoutjustification.
followed a consideration ofall relevant factors.
was accompanied bya rational explanation.
was plainlywarranted by the evidence.
9. (TCO 5) High sues the manufacturer,wholesaler,and retailer for bodily injuries caused bya power saw High
purchased.Which of the following statements is correctunder strictliabilitytheory? (Points : 2)
Contributory negligence on High’s partwill always be a bar to recovery.
The manufacturer will avoid liability if it can show it followed the custom ofthe industry.
Privity will be a bar to recovery insofar as the wholesaler is concerned ifthe wholesaler did nothave a reasonable
opportunity to inspect.
High may recover even if he cannotshow any negligence was involved.

10. 10. (TCO 5) EG Door Co., a manufacturer of custom exterior doors,verbally contracted with Art Contractors to design
and build a $2,000 custom door for a house thatArt was restoring.After EG had completed substantial work on the
door, Art advised EG that the house had been destroyed by fire and Art was canceling the contract. EG finished the
door and shipped itto Art. Art refused to accept delivery. Art contends thatthe contract cannot be enforced because it
violated the Statute of Frauds by not being in writing.Under the Sales Article of the UCC, is Art’s contention correct?
(Points : 2)
Yes, because the contract was not in writing.
Yes, because the contract cannot be fully performed due to the fire.
No, because the goods were speciallymanufactured for Art and cannotbe resold in EG’s regular course ofbusiness.
No, because the cancellation ofthe contract was not made in writing.
BUSN 420 Week 6 Quiz
Week 6 : Intellectual Property and Cyberlaw– Quiz
1. (TCO 7) Diamond Financial Planners employs Ella,who is the firm’s mostproductive performer.Ella,dissatisfied
with the commission structure,quits to work for Feldstar Investments,Inc. She takes her listof Diamond clients to
induce them to switch to Feldstar.Trade secrets law covers _____.(Points : 2)
Diamond’s listofclients.
Ella’s performance.
Feldstar’s commission structure.
None of the above
2. (TCO 7) Canada and the United States are signatories ofthe Berne Convention.Doug, a citizen of Canada,
publishes a book firstin Canada and then in the United States. Doug’s copyrightmustbe recognized by _____.
(Points : 2)
all of the signatories ofthe Berne Convention.
Canada and the United States only.
Canada only.
none of the signatories ofthe Berne Convention.
3. (TCO 7) Mace copies Nick’s book,Off the Beaten Path, in its entirety and sells itto Parkland Books,Inc., without
Nick’s permission.Parkland publishes itunder Mace’s name.This is _____.(Points : 2)
copyright infringement
fair use
licensing
protected expression
4. (TCO 7) RiteMade Machinery, Inc., designs,makes,and sells a drill press.Steel EquipmentCompanycopies the
design withoutRiteMade’s permission.Steel’s conductis actionable provided (Points :2)
consumers are confused.
Steel’s conductis intentional.
Steel’s conductreduces the value of RiteMade’s design.
RiteMade’s design is patented.
5. (TCO 8) Travis sends Una a link to a purported e-birthdaycard that when clicked on downloads software to her
computer to record her keystrokes and send the data to Travis. He uses the data to obtain her personal information
and access her financial resources.This is _____.(Points :2)
identity theft
birthday bashing
regifting
Windows shopping

11. 6. (TCO 8) Rossi uses cyber tools to steal the personal information ofunsuspecting consumers online.Like other
cyber thieves,Rossi is mostlikelyto _____ (Points : 2)
sell the data to other thieves online.
use the data to make purchases online.
use the data in retail outlets in the “real” world.
sell the data on a streetcorner in the “real” world.
7. (TCO 8) Gladstone regularlysends unsolicited commercial e-mail to hundreds ofmillions ofrecipients.This e-mail
is prohibited or regulated in _____.(Points : 2)
moststates
only a few states
no state
California only
8. (TCO 8) Michelle gives out a business card with an e-mail address on it.According to the comments that
accompanythe UETA, it may be reasonable to infer that Michelle has consented to (Points : 2)
transactbusiness electronically.
submitto the jurisdiction ofany selected forum.
accept and respond to any correspondence sentto that address.
nothing.
9. (TCO 8) Houseofcards Finance,Inc., files a financing statementregarding a transaction with BiskuitCompany.A
valid, enforceable financing statementmustcontain all ofthe following,except _____ (Points : 2)
a description ofthe collateral.
a statementofthe purpose of the transaction.
the name of the debtor.
the name of the secured party.
10. (TCO 8) Drew boughta computer for personal use from Hale Corp. for $3,000. Drew paid $2,000 in cash and
signed a securityagreementfor the balance.Hale properlyfiled the security agreement.Drew defaulted in paying the
balance of the purchase price.Hale asked Drew to pay the balance.When Drew refused,Hale peacefully
repossessed the computer.
Under the UCC Secured Transactions Article, which of the following remedies will Hale have? (Points :2)
Obtain a deficiencyjudgmentagainstDrew for the amountowed.
Sell the computer and retain any surplus over the amount owed.
Retain the computer over Drew’s objection.
Sell the computer withoutnotifying Drew.