ACCT 511 Week 1 Quiz

ACCT 511 Week 1 Quiz | Liberty University | Assignment Help

ACCT 511 Week 1 Quiz (Q+Ans)

1

Which of these is an essential element of a bailment?

Multiple Choice

•             The bailor owns personal property or holds the right to possess it.

•             The bailee is allowed to make changes to the bailed property.

•             There has to be a written agreement between the two parties.

•             The bailee has no responsibility for the bailed property.

2.

Which tort involves the publication of false statements that disparage another’s business, property, or title to property, and thus harm her economic interests?

Multiple Choice

•             Defamation

•             Injurious falsehood

•             Misappropriation

•             Fraudulent misrepresentation

3.

One strength of the instrumentalist attitude:

Multiple Choice

•             is that it views the law as an unchanging rule that deserves obedience.

•             is that legal validity and moral validity always remain separate.

•             is its willingness to adapt the law to further the social good.

•             is that the natural law always remains unworkable.

4.

Which of the following characterizes natural law?

Multiple Choice

•             It accepts the need for both good and bad laws.

•             It reads constitutional law narrowly.

•             It opposes the view that law should be guided by a "higher reason."

•             It rejects the separation of law and morality.

5.

Which of the following is not an option for a landlord when a tenancy at sufferance occurs?

Multiple Choice

•             The landlord has no option but to allow the tenancy to continue.

•             Treat the holdover tenant as a trespasser and bring an action to eject him.

•             Continue treating him as a tenant and collect rent from him.

•             Agree to a lease with a tenant and let her deal with the holdover tenant.

6.

Which of the following is not an equitable remedy?

Multiple Choice

•             Monetary damages

•             Specific performance

•             Injunction

•             Reformation

7.

A person becomes the owner of abandoned property by possessing the property.

True or False

True

False

8.

What is the modern day rule for how long a copyright will last?

Multiple Choice

•             75 years from its first publication

•             50 years form its first publication

•             Life of the creator plus 50 years

•             Life of the creator plus 70 years

9.

A fixture is an attached item that is considered to be part of the real property.

True or False

True

False

10.

____ are general rules of thumb employed in statutory interpretations.

Multiple Choice

•             Phrases

•             Quotations

•             Idioms

•             Maxims

11.

According to landlord-tenant law, the tenant has the duty not to commit _____ on the property.

Multiple Choice

•             civil wrongs

•             waste

•             city ordinance violations

•             criminal acts

12.

Which of the following is least likely to fall within the scope of what is protected by the copyright on the work in which it appears?

Multiple Choice

•             The physical arrangement and ordering of pieces of factual information on pages in a reference book.

•             The dialogue spoken by actors in a TV commercial.

•             The melody of a song.

•             The theme of a short story.

13.

The doctrine of standing to sue implies that:

Multiple Choice

•             courts must not issue any advisory opinions in cases.

•             the lawsuit must benefit the public in general.

•             the plaintiff has a substantial stake in the litigation.

•             cases must be genuine controversies.

14.

Which of the following statements about safety-deposit boxes is false?

Multiple Choice

•             Most courts have concluded that the renter of the box is a bailor and the bank is a bailee.

•             The bank is not the insurer of the contents of the box.

•             The bank is obligated to use due care.

•             The bank is not required to explain loss of or damage to the property entrusted to it.

15.

When a tenant remains in possession of the property after the expiration of a lease, a tenancy at will occurs.

True or False

16.

hich of the following was an issue the court considered in the Advance Dental Care, Inc. v. SunTrust Bank case in the text?

Multiple Choice

•             Whether the statute involved offered a sufficient remedy to replace the common law rule.

•             Whether the plaintiff pleaded sufficient facts to recover under the statute.

•             Whether the statute was ambiguous.

•             Whether the plaintiff pleaded sufficient facts to recover under the common law rule.

17.

Which of the following means to deprive the tenant of the possession of leased premises?

Multiple Choice

•             Surrender

•             Holdover

•             Eviction

•             Waste

18.

Which of the following is true of zoning ordinances?

Multiple Choice

•             They regulate the use of real property.

•             There are no remedies against them.

•             Only federal authorities issue them.

•             They stem from the power of eminent domain.

19.

Patent law is always an area of exclusive federal jurisdiction.

True or False

Explanation

Patent law is exclusively federal in nature.

20.

Earl leased an apartment from Kent. Under the terms of the lease, Earl would remain a tenant for eight months and the tenancy would expire on December 8th. This is an example of:

Multiple Choice

•             a month-to-month tenancy.

•             a tenancy for years.

•             a tenancy at sufferance.

•             a tenancy at will.