Law 531 final exam guide new /law 531 final exam guide new

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1. The obligation owed by individuals to one another not to cause any unreasonable harm or any risk of harm is called:

​duty of care

​duty of restoration.

​duty of loyalty.

​duty of restitution.

2. Which of the following best describes the term warranty?

​It refers to the terms in a sales contract stipulating the party that will bear the risk of loss of goods during shipment.

​It is a purchaser’s title to goods obtained by the impersonation of another person.

​It is the seller’s assurance to a buyer that the goods sold meet certain standards of quality.

​It refers to the transfer of possession of stolen property to a person who had bought the property without the knowledge that it has been stolen.

​3. The manifestation of the substance of a contract by two or more individuals is called ____.

​acceptance

​an agreement

​an offer

​consideration

4. Workers’compensation is defined as the:​

​set of programs mandated by the government to ensure safety in places of work.

​remuneration awarded to employees and their families when the employees are injured on the job.

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