Business Law and Ethics Quiz

Test your knowledge on business law & ethics with questions on contracts, intellectual property, defamation, and more. Challenge yourself now!

#1

Which of the following is NOT a form of business organization?

Corporation
Partnership
Sole proprietorship
Democracy
#2

Which of the following is NOT a type of intellectual property?

Patent
Trademark
Monopoly
Copyright
#3

Which of the following is NOT a characteristic of a valid contract?

Offer and acceptance
Mutuality of obligation
Competence of the parties
Written form
#4

Which of the following is NOT a remedy for breach of contract?

Specific performance
Rescission
Remedies
Reformation
#5

Which of the following is NOT a requirement for a valid offer?

Intent
Certainty
Consideration
Communication
#6

Which of the following is NOT a defense to a charge of negligence?

Assumption of risk
Contributory negligence
Res ipsa loquitur
Comparative negligence
#7

What is the legal principle that requires parties to a contract to act in good faith?

Uberrimae fidei
Quid pro quo
Res ipsa loquitur
Caveat emptor
#8

What does the 'S' in 'ESG' stand for in business ethics?

Social
Sustainable
Sole
Strategic
#9

What is the legal doctrine that allows a party to recover unjust enrichment when no contract exists?

Quantum meruit
Res judicata
Respondeat superior
Pro hac vice
#10

What is the legal concept that allows an individual to act on behalf of another in a business context?

Agent-principal relationship
Estoppel
Rescission
Ultra vires
#11

Which ethical theory emphasizes the importance of duty and obligation?

Utilitarianism
Deontology
Virtue ethics
Egoism
#12

Which of the following is NOT a type of discrimination prohibited by employment law?

Age discrimination
Education discrimination
Gender discrimination
Racial discrimination
#13

Which of the following is a defense to a charge of defamation?

Absolute privilege
Slander
Libel
Contempt of court
#14

What is the legal term for a situation where one party threatens to take an illegal action to induce another party to do something they have a legal right to do?

Duress
Undue influence
Coercion
Tortious interference
#15

What is the legal doctrine that allows a court to disregard the corporate entity and hold shareholders personally liable for the corporation's debts?

Piercing the corporate veil
Ultra vires doctrine
Res judicata
Laches
#16

What is the legal term for a situation where one party misleads another party into entering a contract through false statements or concealment of material facts?

Fraudulent misrepresentation
Unilateral mistake
Bilateral mistake
Negligent misrepresentation

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