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A failure without legal reason to perform all or part of a contract.(1 point)

Responses

Jurisdiction
Jurisdiction

Breach of contract
Breach of contract

Procurement
Procurement

Express Warranty
Express Warranty
Question 2
The international organization that deals with the global rules of trade between nations.(1 point)
Responses

WTO
WTO

UNICTRAL
UNICTRAL

UN
UN

FICA
FICA
Question 3
Duties imposed by a government on imported products.(1 point)
Responses

tariff
tariff

patent
patent

custom
custom

customs
customs
Question 4
Implied contract is best defined by...(1 point)
Responses

When the consent is communicated by language
When the consent is communicated by language

When the contract is communicated in writing
When the contract is communicated in writing

A failure to perform a promise
A failure to perform a promise

The Parties conduct is the indicator that they consented to a contract to be bound
The Parties conduct is the indicator that they consented to a contract to be bound
Question 5
A particular mark or saying used to identify a business to separate it from others(1 point)
Responses

Trademark
Trademark

Copyright
Copyright

Procurement
Procurement

Capacity
Capacity
Question 6
Using the Internet to conduct business and/or sales(1 point)
Responses

Domain
Domain

Municipality
Municipality

Cyberlaw
Cyberlaw

Ecommerce
Ecommerce
Question 7
Liquidation is...(1 point)
Responses

Inability to pay your debts
Inability to pay your debts

Changing assets into money
Changing assets into money

Procurement
Procurement

A discussion with the purpose of reaching an agreement
A discussion with the purpose of reaching an agreement
Question 8
Theft of a page from the original site and publication of a copy (or near-copy) at another site, thus misrepresenting their origin.(1 point)
Responses

Cybergriping
Cybergriping

Pagejacking
Pagejacking

Typosquatting
Typosquatting

Cybersquatting
Cybersquatting
Question 9
A patent is best defined as...(1 point)
Responses

Rights given to an author or artist to publish and sell their work
Rights given to an author or artist to publish and sell their work

inability to pay one's debts
inability to pay one's debts

The action of busing and selling goods and services
The action of busing and selling goods and services

what gives the creator exclusive rights to make, use, or sell their invention.
what gives the creator exclusive rights to make, use, or sell their invention.
Question 10
An agreement enforceable by law is called...(1 point)
Responses

insolvency
insolvency

trade
trade

municipality
municipality

contract
contract
Question 11
The Uniform Commercial Law is...(1 point)
Responses

an international organization that deals with the global rules of trade between nations
an international organization that deals with the global rules of trade between nations

The core legal body of the UN system in the field of international trade
The core legal body of the UN system in the field of international trade

an act of busing and selling goods and services
an act of busing and selling goods and services

a set of laws governing commercial transactions between the US and its territories.
a set of laws governing commercial transactions between the US and its territories.
Question 12
The legal ability to enter into a contract is...(1 point)
Responses

capacity
capacity

offer
offer

consideration
consideration

authentication
authentication
Question 13
Property owned by a person or company that has value(1 point)
Responses

Creditor
Creditor

Asset
Asset

Liability
Liability

Domain
Domain
Question 14
A legal process a debtor can make to start again by selling off assets to pay debts(1 point)
Responses

Reorganization
Reorganization

Statute of Frauds
Statute of Frauds

Bankruptcy
Bankruptcy

Procurement
Procurement
Question 15
Property owned that you cannot touch like a poem(1 point)
Responses

Tangible assets
Tangible assets

Intangible assets
Intangible assets

Copyright
Copyright

Authentication
Authentication
Question 16
A party who borrows money(1 point)
Responses

creditor
creditor

Procurement
Procurement

Liability
Liability

Debtor
Debtor
Question 17
The laws governing the Internet and computers(1 point)
Responses

Insolvency Law
Insolvency Law

Cyberlaw
Cyberlaw

UCC
UCC

Domain
Domain
Question 18
When someone published a website to write complaints or another party or business(1 point)
Responses

Typosquatting
Typosquatting

Cybergriping
Cybergriping

Pagejacking
Pagejacking

Insolvency
Insolvency
Question 19
A widely accepted way of behaving(1 point)
Responses

custom
custom

risk
risk

diversity
diversity

culture
culture
Question 20
A duty or tax to be paid on imports and exports(1 point)
Responses

Tariff
Tariff

Warranty
Warranty

Procurement
Procurement

Consideration
Consideration
Question 21
Procurement is.....(1 point)
Responses

Reorganization
Reorganization

a discussion for the purpose of teaching an agreement
a discussion for the purpose of teaching an agreement

The act of buying or obtaining goods and services
The act of buying or obtaining goods and services

Offer
Offer
Question 22
The law that requires some kinds of contracts be in writing.(1 point)
Responses

Uniform commercial code
Uniform commercial code

Insolvency Law
Insolvency Law

Implied warranty of merchantability
Implied warranty of merchantability

Statute of Frauds
Statute of Frauds
Question 23
An express warranty...(1 point)
Responses

automatically covers most things that a valued over a certain amount
automatically covers most things that a valued over a certain amount

the promise that the item sold is working
the promise that the item sold is working

a warranty that is clearly stated verbally or in writing
a warranty that is clearly stated verbally or in writing

procurement
procurement
Question 24
A contract can be enforceable even if it contains illegal acts.(1 point)
Responses

True
True

False
False
Question 25
This law deals with debtors that cannot pay their debts.(1 point)
Responses

Uniform Commercial Law
Uniform Commercial Law

Implied Warranty
Implied Warranty

Insolvency Law
Insolvency Law

Statute of Frauds
Statute of Frauds
Question 26
A proposal from one party to another to enter into a legal binding agreement.(1 point)
Responses

Acceptance
Acceptance

Transactions
Transactions

Agreement
Agreement

Offer
Offer
Question 27
Something of value that is promised for an action or nonaction.(1 point)
Responses

Consideration
Consideration

Agreement
Agreement

Remedy
Remedy

Trade
Trade
Question 28
An intergovernmental organization whose purpose includes creating and maintaining international order.(1 point)
Responses

UNICTRAL
UNICTRAL

UCC
UCC

UN
UN

WTO
WTO
Question 29
Property that has substance(1 point)
Responses

copyright
copyright

patent
patent

tangible asset
tangible asset

intangible asset
intangible asset
Question 30
A town or city that has a local government and corporate status is called...(1 point)
Responses

Reorganization
Reorganization

Procurement
Procurement

Domain
Domain

Municipality
Municipality
Question 31
A party that lends the money is called a creditor. (1 point)
Responses

True
True

False
False
Question 32
The financial obligation on an asset is a liability.(1 point)
Responses

True
True

False
False
Question 33
Insolvency means the act of breaking the terms of a law.(1 point)
Responses

True
True

False
False
Question 34
The power of a court to hear a case and make a judgment is called jurisdiction.(1 point)
Responses

True
True

False
False
Question 35
Establishing the identity of one party to another is called authentication.(1 point)
Responses

True
True

False
False
Question 36
Digital Signature ensures digital accountability for in-person transactions.(1 point)
Responses

True
True

False
False
Question 37
Domaining is registering, usually well-known company names as internet domains in the hope of reselling them for a profit.(1 point)
Responses

True
True

False
False
Question 38
Unilateral contract is when a person accepts an offer by performing a requested act.(1 point)
Responses

True
True

False
False
Question 39
Public procurement is the process that governments follow to buy goods and services from companies.(1 point)
Responses

True
True

False

1 answer

Here are the correct responses for each question:

  1. Breach of contract
  2. WTO
  3. Tariff
  4. The Parties conduct is the indicator that they consented to a contract to be bound
  5. Trademark
  6. Ecommerce
  7. Changing assets into money
  8. Pagejacking
  9. what gives the creator exclusive rights to make, use, or sell their invention.
  10. contract
  11. a set of laws governing commercial transactions between the US and its territories.
  12. capacity
  13. Asset
  14. Bankruptcy
  15. Intangible assets
  16. Debtor
  17. Cyberlaw
  18. Cybergriping
  19. custom
  20. Tariff
  21. The act of buying or obtaining goods and services
  22. Statute of Frauds
  23. a warranty that is clearly stated verbally or in writing
  24. False
  25. Insolvency Law
  26. Offer
  27. Consideration
  28. UN
  29. tangible asset
  30. Municipality
  31. True
  32. True
  33. False
  34. True
  35. True
  36. False
  37. True
  38. True
  39. True

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