DSST Business Law II Exam Prep

10 Questions | Total Attempts: 106

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DSST Business Law II Exam Prep

Business law is the branch of law concerned with the duties, rights as well as liabilities of stakeholders interested in a business deal. Normally, business law is under the influence of both state and federal laws. State laws establish business edicts that must be enforced within a province or region. How well do you understand business law?


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Questions and Answers
  • 1. 
    What is the other name for business law?
    • A. 

      Immigration law

    • B. 

      Financial law

    • C. 

      Commercial law

    • D. 

      Corporate law

  • 2. 
    Which of these is not of concern in business law?
    • A. 

      Law of naturalization

    • B. 

      Law of principal and agent

    • C. 

      Law of carriage by sea

    • D. 

      Laws of indemnity

  • 3. 
    Which of these is not within the scope of business law?
    • A. 

      Consumer protection law

    • B. 

      Child rights law

    • C. 

      Purchasing agreement law

    • D. 

      Intellectual property law

  • 4. 
    How many legal concepts underlie company law? 
    • A. 

      Three

    • B. 

      Five

    • C. 

      One

    • D. 

      Two

  • 5. 
    Who brings his principal into contractual relations with third parties?
    • A. 

      Principal

    • B. 

      Legal party

    • C. 

      Stakeholder

    • D. 

      Agent

  • 6. 
    What feature is the most important in contractual agreements?
    • A. 

      Certainty

    • B. 

      Ease of performance

    • C. 

      Sustainability

    • D. 

      Legal

  • 7. 
    Which of these areas of law development is the fastest?
    • A. 

      Computers

    • B. 

      Internet

    • C. 

      Competition

    • D. 

      Consumer protection

  • 8. 
    Which of these is not one of the responsibilities of the court in business?
    • A. 

      Protecting individual interests

    • B. 

      Arbitrating the constitution

    • C. 

      Interpreting legislation

    • D. 

      Arbitrating disputes

  • 9. 
    What court is highest as far as business disputes are concerned?
    • A. 

      The mobile court

    • B. 

      The high court

    • C. 

      The supreme court

    • D. 

      The federal court

  • 10. 
    What characteristics is most important when seeking the service of a business lawyer?
    • A. 

      Authority

    • B. 

      Experience

    • C. 

      Legal profile

    • D. 

      Continued availability