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Answers final exam university of phoenix law 531

Identify an accurate statement about res ipsa loquitur, a special negligence doctrine.

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It applies to cases in which injuries that occurred were not foreseeable. It applies to cases in which the plaintiff also contributed to the negligence. It applies to cases in which it can be assumed that the defendant was in control of the situation in which the injuries occurred. It requires the plaintiff to demonstrate how exactly the situation arose out of the negligence of the plaintiff.

All Rights Reserved by www. Identify an accurate statement about the doctrine of comparative negligence. A person who is partially responsible for causing his or her own injuries cannot file a suit against the other party who partly caused the injuries. A plaintiff who is partially responsible for causing his or her own injuries cannot recover damages from the defendant.

A plaintiff who is partially responsible for causing his or her own injuries can recover a proportion of the damages from the defendant. A plaintiff who is partially responsible for causing his or her own injuries can recover all the damages from the defendant. What is true about the applicability of strict liability?

  1. Which statement best describes an injunction as an equitable remedy? It can be applied to products that are defectively packaged.
  2. What is true about consideration in the context of contracts?
  3. It is exclusively in the form of tangible payments such as money or property.
  4. The franchisee can sell the franchisor's products but can never manufacture them. Identify an accurate statement about distributional interest in the context of limited liability companies LLCs.
  5. The original plaintiff did not initiate the original lawsuit. Closely held corporations trade their shares on organized security markets publicly held corporations do not.

It cannot be applied to products that are defectively manufactured. It can be applied to sellers who fail to warn of generally known dangers.

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It can be applied to products that are defectively packaged. It cannot be applied to products that were not supported by sufficient instructions. Which statement best describes an injunction as an equitable remedy? It requires a breaching party to pay damages to the injured party for both actual and foreseeable losses. It orders a breaching party to perform the acts promised in a contract. It prohibits a party from performing a particular act that may cause injury to another party. It allows a court to change the terms of a contract to make them true to the parties' intentions.

Identify the true statement in the context of a franchise arrangement. The franchisee can sell the franchisor's products but can never manufacture them. The franchisor licenses the franchisee to use the former's trademarks. The franchisee can manufacture the franchisor's products but can never distribute them directly to consumers.

The franchisor is essentially the owner of the franchisee. Identify an accurate statement about distributional interest in the context of limited liability companies LLCs. A transferee of a distributional interest receives all distributions from the LLC to which the transferor belonged. A member's distributional interest can be transferred completely, or partly.

A transferee of a distributional interest automatically becomes a member of the LLC. A member who transfers his or her distributional interest will no longer be liable for the debts and obligations of the LLC. What is true about consideration in the context of contracts? It also encompasses performances and services. It is exclusively in the form of tangible payments such as money or property.

It is typically included in gift promises. It is an optional component answers final exam university of phoenix law 531 a written contract that parties can choose to omit.

  1. It cannot be applied to products that are defectively manufactured.
  2. They protect manufacturers and distributors from product liability.
  3. It can be applied to products that are defectively packaged. A transferee of a distributional interest automatically becomes a member of the LLC.
  4. Treasury shares cannot be reissued outstanding shares can be.

What does a current plaintiff need to prove to succeed in a malicious prosecution lawsuit? The original plaintiff did not initiate the original lawsuit.

The original lawsuit had probable cause. The original lawsuit was initiated without malice. The current plaintiff suffered injury because of the original lawsuit. In which case will a limited partner in a limited partnership have liability that extends beyond the contributions made by him or her? When the limited partner provides personal guarantee for a loan taken by the partnership When one of the general partners withdraws from the limited partnership When the limited partnership is involved in a tort and needs to pay compensation as ordered by the court When the limited partnership incurs severe losses Copyright.

LAW 531 Final Exam

Identify a difference between publicly held and closely held corporations. Shareholders of publicly held corporations participate in management activities shareholders of closely held corporations do not. Closely held corporations are large publicly held corporations are comparatively Publicly held corporations have many shareholders closely held corporations have fewer shareholders.

Closely held corporations trade their shares on organized security markets publicly held corporations do not. Identify a difference between treasury shares and outstanding shares in a corporation.

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Outstanding shares are the ones that are repurchased by the corporation treasury shares are not. Outstanding shares have the right to vote treasury shares do not. Treasury shares are issued by the corporation outstanding shares are not.

LAW 531 Final Exam Answers

Treasury shares cannot be reissued outstanding shares can be. What is true about the scope of Good Samaritan laws in the context of special negligence doctrines? They apply to professionals like lawyers and architects. They protect professionals from liability for their ordinary and gross negligence. They apply to medical health professionals. They protect manufacturers and distributors from product liability.

The packaging of this drink also includes a statement that says "Fifty times healthier than Green. Quenchers has no research data to back this claim.

What type of unfair business practice is illustrated in the scenario?