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 purchasers title to goods obtained by the impersonation of another person.
‹It is the sellers 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. Workerscompensation 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.