Practice Quiz

DSST Business Law II Exam Prep - Question List

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16. The Uniform Commercial Code requires that warranty disclaimers be:
  1. Printed in the instruction manual.
  2. In fine print.
  3. Detailed.
  4. Conspicuous.
  5. Limited.
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17. What protection does the Magnuson-Moss Warranty Act provide?
  1. Regulations that govern products sold through interstate commerce.
  2. Regulations that govern products sold subject to the UCC.
  3. Regulations that govern warranties on consumer products sold.
  4. Regulations that govern warranties on vehicles only.
  5. Regulations that govern warranties on products manufactured before 1975.
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18. Creditors who have the right to be paid before shareholders if a corporation liquidates have a:
  1. First priority.
  2. Liquidation preference.
  3. Conversion right.
  4. Cumulative dividend right.
  5. Dividend preference.
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19. Belviana agreed to rent a room for $300 from Belle for 3 days in Collegetown, MT. She planned to spend the weekend in Collegetown attending the big game, and going to the parade before the game, the pep rally, and the tailgate party. One week prior to the big game, the entire team was suspended for violating school policies. The team was forced to forfeit the game and all weekend activities were cancelled. Belviana told Belle that she would no longer need the room and requested a refund of the $300. Belle refused. Belviana sued Belle and won. On what doctrine did the court likely base its decision?
  1. Frustration of purpose
  2. Superseding illegality
  3. Act of God
  4. Impossibility
  5. Impracticability
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20. If BigCo A and BigCo B join together to become BigCo C, what has occurred?
  1. A liquidation.
  2. A consolidation.
  3. A migration.
  4. An integration.
  5. A merger.
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