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Final

Mos 2275 Final: Sample Exam Questions.docx


Department
Management and Organizational Studies
Course Code
MOS 2275A/B
Professor
James Hildebrand
Study Guide
Final

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Business Law In-Class Review
Monday, April 7, 2014
1. Under the sale of goods act:
a. Payment of the price of goods purchased is defined as a warranty
(because payment is about money anyways)
b. Payment of the price of goods purchased is defined as a condition
c. Payment of the price of goods purchased goes to the root of the contract
2. Generally, if there is no specific provision in the contract to the contrary, where
there is a breach of warranty, the following remedy is available to the innocent
party to the contract:
a. Damages
b. Rescission of the contract
c. Both of the above
d. Either a) or b)
3. The Latin phrase Restitutio ad integrum means:
a. The thing speaks for itself
b. To restore or return a party to an original position
c. The contract is to be interpreted to the detriment of its author
4. The phrase the “principles of natural justice” means:
a. The decision of an arbitrator must be fair
b. A person has the right to know the case against him or her, and the
right to a fair hearing
c. A person has a right to a trial before a judge and jury of his or her peers
5. When a place of employment is a “closed shop” this means:
a. The place is no longer in business
b. Employment is not available to union members
c. By collective agreement an employer can only hire a person who is
already a member of the union representing that bargaining unit
6. The Sale of Goods Act applies to transactions dealing with:
a. Land
b. Wages or labour required to produce or manufacture consumer products
c. Cheques or negotiable instruments
d. None of the above
7. An encroachment is:
a. An estate in land
b. A possessory right to the property of another that may be acquired by
the passage of time
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