Ce1 Bussines Essay

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* Question 1 0 out of 0.5 points | | | Which type of mistake usually will make a contract voidable at the option of the mistaken party?Answer | | | | | Selected Answer: | b. A unilateral mistake | Correct Answer: | d. Both a. and c. | | | | | * Question 2 0.5 out of 0.5 points | | | Which of the following is not a characteristic of a corporation?Answer | | | | | Selected Answer: | Unlimited liability of owners. | Correct Answer: | Unlimited liability of owners. | | | | | * Question 3 0 out of 0.5 points | | | Which of the following is true about intentional infliction of emotional distress?Answer | | | | | Selected Answer: | The plaintiff must have witnessed severe physical injury to a relative or other significant person in the plaintiff s life. | Correct Answer: | The defendant's conduct must go beyond all possible bounds of decency and be regarded as atrocious and utterly intolerable in a civilized society. | | | | | * Question 4 0.5 out of 0.5 points | | | Which of the following is a false statement?Answer | | | | | Selected Answer: | Pursuant to a destination contract, the risk of loss typically passes to the buyer when the goods are duly delivered to the carrier. | Correct Answer: | Pursuant to a destination contract, the risk of loss typically passes to the buyer when the goods are duly delivered to the carrier. | | | | | * Question 5 0.5 out of 0.5 points | | | What is a derivative lawsuit?Answer | | | | | Selected Answer: | An action brought by a shareholder or shareholders on behalf of the corporation when the board of directors does not file the suit. | Correct Answer: | An action brought by a shareholder or shareholders on behalf of the corporation when the board of directors does not file the suit. | | | | |

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