BUSN 420 Week 2 Quiz

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Week 2 : Courts & Litigation, Negligence, Accountant Liability Quiz

Grading Summary
These are the automatically computed
Date Taken:
results of your exam. Grades for
essay questions, and comments from Time Spent:
your instructor, are in the Details Points Received:
section below.
Question Type:
# Of Questions:
Multiple Choice
10

Grade Details All Questions

3/13/2014
58 min , 37 secs
18 / 20 (90%)
# Correct:
9

Question 1. Question :
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(TCO 3) Sam, a citizen of New Mexico, wants to file a suit against

Tanya, a citizen of Texas. Their diversity of citizenship may be a
basis for
any court to exercise in rem jurisdiction.
a federal district court to exercise original jurisdiction.
a U.S. court of appeals to exercise appellate jurisdiction.
the United States Supreme Court to issue a writ of certiorari.
Page 57
2 of 2

(TCO 3) In Fancy Frills Corporations suit against Glamour

Stores, Inc., the jury returns a verdict in Fancys favor. Glamour
files a motion asking the judge to set aside the verdict and begin
new proceedings. This is a motion for
a judgment in accordance with the verdict.
a judgment on the pleadings.
a new trial.
judgment n.o.v.
Page 72
0 of 2

(TCO 3) Jo files a suit against Lara in a Missouri state court.

Laras only connection to Missouri is an ad on the Web originating
in Nebraska. For Missouri to exercise jurisdiction, the issue is
whether Lara, through her ad, has
a commercial cyber presence in Missouri.
conducted substantial business with Missouri residents.
general maximum contact with Missouri.
solicited virtual business in Missouri.
Page 58
2 of 2

Comments:

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Question 5. Question :
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Question 6. Question :

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(TCO 3) Hua, a resident of Illinois, owns a warehouse in Indiana.

A dispute arises over the ownership of the warehouse with Jac, a
resident of Kentucky. Jac files a suit against Hua in Indiana.
Regarding this suit, Indiana has
federal question jurisdiction.
in personam jurisdiction.
in rem jurisdiction.
no jurisdiction.
Page 54
2 of 2

(TCO 3) Sam, a citizen of Tennessee, files a suit in a Tennessee

state court against United Sales Corporation, a Wyoming company
that does business in Tennessee. The court has original
jurisdiction, which means that
the case is being heard for the first time.
the court does not have concurrent jurisdiction.
the court has standing.
the court has venue.
Page 56
2 of 2

(TCO 1) Reaching for a bottle of soda from a display in a Bargain

Mart store, Cody slips in a puddle of spilled soda and falls,
suffering an injury. Bargain Marts employees are not aware of the
spilled soda until Cody falls. In a suit against Bargain Mart, Cody
will most likely
lose, because Bargain Marts employees were not aware of the
spill.

lose, because Cody should have exercised more care.

win, because Bargain Mart can recover from the soda bottler.
win, because the spilled soda was foreseeable.
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Question 7. Question :
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Page 101
2 of 2

(TCO 1) Rex, an accountant, enters into a contract to provide

services to Sofi. Rex does not finish the work within the contracts
deadline. Sofi pays a penalty as a result of the missed deadline and
hires Trey to complete the job. Rex is most likely liable for
nothing.
Sofis penalty and the cost to hire Trey.
Sofis penalty only.
the cost to hire Trey only.
Page 910
2 of 2

(TCO 1) Travis, an accountant, is subject to the accounting

conventions, rules, and procedures that constitute generally
accepted accounting principles (GAAP). GAAP are determined by
state courts.
the American Bar Association.
the American Institute of Certified Public Accountants.
the Financial Accounting Standards Board.
Page 910
2 of 2

Question 9. Question :
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Question 10. Question :

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(TCO 1) Drake pushes Evon into the path of an oncoming car

driven by Flip. Gina tries to rescue Evon. Drake is liable for any
injuries to
Evon and Flip but not Gina.
Evon and Gina but not Flip.
Evon, Flip, and Gina.
none of the parties.
Page 107
2 of 2

(TCO 1) Estes, an accountant, contracts to perform services for

Frasier. In performing those services, Estes uncovers a suspicious
financial transaction. Estes is most likely not liable if he
acted negligently in failing to discover the transaction sooner.
conceals the discovery and otherwise finishes the work.
investigates and reports the discovery to Frasier.
obtains restitution from the perpetrator without Frasiers
knowledge.
Page 910
2 of 2

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