BUS 311 Week 4 Quiz

Question 1.1.Josh parks his car in a self-service parking ramp, taking a ticket as he enters and leaving his car on the second level. His car is stolen. If Josh sues the owner of the ramp (Points : 1) Josh wins; this is a bailment. Josh wins, unless there was a sign disclaiming responsibility. the owner wins; this is not a bailment. the owner wins; Josh assumed the risk of parking in the ramp. Question 2.2.Brian is the 99% shareholder, president, and director of Arapine Corp. He frequently uses the corporation credit card for his personal expenses. If Arapine is insolvent and unable to pay its debts, and the corporation’s creditors sue Brian personally, what is the likely result? (Points : 1) Brian is liable because he is a 99% shareholder. Brian is liable if he, as president, made the contracts with the creditors. Brian is liable because the court will pierce the corporate veil Brian will not be liable. Question 3.3.Cary, Dean, and Madeline are partners in a furniture store. While on his way to deliver some furniture to a customer, Cary accidentally runs over Pamela Pedestrian. Pamela sues the partnership. Which of the following is true? (Points : 1) Cary is liable to Pamela. All three partners are liable to Pamela. Cary is liable to his partners for breaching his duty as an agent for the partnership. All of these Question 4.4.William, who wrote a novel twenty years ago about a school for magicians, sues J.K. Rowling, author of the Harry Potter books, for copyright infringement. William will probably lose, because (Points : 1) Rowling is very rich and can afford a better lawyer. William wrote his book too many years ago. William never registered his copyright. Plots are not copyrightable. Question 5.5.Carmen tells Jason, “I just found out I have cancer and I probably only have a month to live, so I’m giving you my oil painting, ‘Flowers in a Vase’.” Jason commiserates over her impending death, thanks her, and takes the painting. This illustrates: (Points : 1) A gift inter vivos A gift causa mortis An irrevocable gift A revocable gift Two of these Question 6.6.Anna gathers leaves that have fallen from a neighbor’s tree onto the sidewalk and makes them into an elaborate collage. Anna owns the collage by: (Points : 1) Manufacture Accession Gift Eminent domain Question 7.7.The power of the government to regulate what use real property may be used for is known as: (Points : 1) Adverse possession Eminent domain Zoning Community impact restriction Question 8.8.In the case Kelo v. City of New London, when the city sought to take Kelo’s home by eminent domain to sell it to a private developer, the Supreme Court ruled that (Points : 1) it was an unconstitutional taking of Kelo’s home. the city had the power to take Kelo’s home, since increasing the tax base was a public use. state legislatures could limit the power of eminent domain. Two of these Question 9.9.Kevin and Emily own a house as joint tenants. If Kevin dies, Emily will own (Points : 1) an undivided 50% interest in the house jointly with Kevin’s heirs. a divided 50% interest in the house jointly with Kevin’s heirs. the house, but only if she applies for partition and can pay Kevin’s heirs their share. the house. Question 10.10.Laura gives her neighbor Jack the right to use Laura’s driveway to access his garage, since it is easier than going around by the alley. This is an example of: (Points : 1) An easement A profit A bailment A tenancy in common