Question 1 The seller can recover the purchase price for the goods only under certain circumstances, including when: [removed] The buyer accepts, but fails to pay for the goods. [removed] The goods are destroyed after risk of loss passes to the buyer. [removed] The buyer rejects specially manufactured goods that cannot be resold. [removed] A, B and C. 0.5 points Question 2 Which of the following is a true statement? [removed] It is unlawful for an employer in the U.S. to hire illegal immigrants unless the employer is based in a border region with very high employment. [removed] As a general rule, it is illegal in the U.S. for private sector employers to use polygraph tests on their employees. [removed] The WARN Act in the U.S. prohibits a company from closing a major plant unless it gets the permission of the Department of Labor. [removed] A closed shop which requires union membership as a condition of hiring is legal pursuant to federal labor laws in the United States. 0.5 points Question 3 Which of the following best describes a shareholder's preemptive rights? [removed] The right to purchase shares of another shareholder pursuant to a buy-and-sell agreement. [removed] The right to purchase a pro-rata portion of any additional shares issued by the corporation. [removed] The right of shareholders to override actions of the board of directors. [removed] The right of shareholders to remove members of the board of directors without cause. 0.5 points Question 4 Under the implied warranty of merchantability: [removed] A. Both merchants and non-merchants generally are liable. [removed] B. The warranty includes a requirement that the goods be adequately packaged and labeled. [removed] C. The warranty applies even if a product is misused and instructions are disregarded. [removed] D. The warranty is based on a reasonable consumer expectations test as to what a high quality of a good should be. 0.5 points Question 5 Under the UCC a merchant is best described as a [removed] A salesman or saleswoman [removed] A retailer [removed] An inventor [removed] A Venetian 0.5 points Question 6 Common law consists of: [removed] Laws which all nations have in common. [removed] Laws which affect everyone, including ordinary persons. [removed] Rulings and opinions which have been issued by judges when deciding previous cases. [removed] Laws which more people are aware of. 0.5 points Question 7 Under the common law, a tort can best be defined as: [removed] A. Any violation of an ethical or moral duty. [removed] B. Another term for a crime or misdemeanor. [removed] C. An action done in breach of an agreement that allows the aggrieved party to recover damages. [removed] D. A civil wrong that allows an injured person to recover damages. 0.5 points Question 8 A sues B in a state trial court for negligence. A loses the suit. If A wants to appeal, the most appropriate court in which to file the appeal is [removed] the stat ...