1. A contract formed via e-mail must have the following to be enforceable:
a) Immediate exchange of money for services
b) An encrypted connection to ensure privacy of the parties' communications
c) An clause stipulating that all disputes will be resolved in a mutually-acceptable jurisdiction
d) Terms of acceptance exactly matching the terms of the offer
2. In a criminal action against a corporation, which of the following statements is false:
a) the defendant is presumed innocent until proven guilty;
b) the action is brought by the government, not a private individual;
c) if convicted, the defendant may be found liable for punitive damages in addition to any other penalties.
d) the burden of proof is "beyond a reasonable doubt';
3. An employer may read e-mails sent to one of its employees on company computers when which of the following is true?
a) When the employer has posted or circulated a policy advising all of its employees that their e-mails are subject to review by management and the individual employee has acknowledged receipt of this policy in writing;
b) If no law has been passed by the state in which the employee works prohibiting the employer from reading e-mail;
c) If the individual employee verbally consents to management reading his or her e-mail;
d) All of the above are true.
4. The Uniform Commercial Code applies to which of the following transactions:
a) A California rubber recycler's sale of 10,000,000 pounds of granulated, recycled tires to a road construction company in Texas;
b) A financial brokerage firm in the United States underwriting the debts of a Taiwanese manufacturer of ball bearings;
c) A law firm being retained by its client in a civil proceeding;
d) The merger of a limited liability company into a "C" corporation
This is a discussion of US business law including contract law, enforceable contracts, and the Uniform Commercial Code.