1. An individual makes an offer to buy an item from a company for $5,000.
When is a contract for the purchase of the item created?
Choose 1 answer A.
When the offer is accepted by the company
B.
When the offer is presented to the company
C.
When the individual presents the $5,000 to the company
D.
When the company makes a counteroffer
2.What are the elements that make a contract enforceable?
Choose 1 answers A.
Terms, configuration, timeliness, legality
B.
Offer, entitlement, majority, legality
C.
Offer, acceptance, consideration, morality
D.
Agreement, consideration, capacity, legality
3.At what point is a contract implied?
Choose 1 answer A.
When contract terms are explicitly…show more content… Choose 1 answer A.
When parties want a fast and final resolution
B.
When parties want a neutral third party facilitator
C.
When parties want to keep resolution details confidential
D.
When parties want to maintain control over the resolution process
17. What is an activity of an appellate court?
Choose 1 answer A.
Determining the facts of the dispute
B.
Receiving evidence in a case
C.
Hearing testimony from witnesses
D.
Reviewing the record in the case
18. Two adjoining property owners have a dispute over the boundary line between their properties. They wish to settle the dispute so each comes away with something, and they want to enter into a voluntary agreement.
What method of dispute resolution should the parties employ?
Choose 1 answer A.
Arbitration
B.
Mediation
C.
Litigation
D.
Consultation
19. To which situation would the National Labor Relations Act of 1935 apply?
Choose 1 answer A.
Establishment of a human resources department
B.
Identification of the company's labor mediation committee members
C.
Refusal to bargain collectively with a union
D.
Closure of a business and laying off employees
20. What is the principal provision of the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA)?
Choose 1 answer A.
Offering health insurance for employees seeking jobs
B.
Offering health insurance for disabled employees
C.
