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LAW 421 Final Exam Answers

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LAW 421 (Business Law) Final Exam Answers

The LAW 421 final exam is encountered in week 5 of the online Business Law course. The business law exam has a reputation of high difficulty. Unless you're a legal guru, this test will be hard to pass with a good grade. Our tutoring experts have compiled the answers to  the entire final exam and made them available in one easy-to-use package. Every topic in this answer guide includes a full explanation and a reference link for additional research if desired. 

Update Notes: LAW421 Final Exam Study guide was fully updated on September 19th, 2016. This latest update includes 30 brand new questions, answers, and explanations. 

What's Included? 

  • Three Unique Exam Sets with 30 Answers Each
  • Full Explanations for Every Answer (with external references)
  • Additional support from ACCNerd.com

Newly Added Answers from 2016

The plaintiff in a product liability lawsuit has suffered $100,000 worth of damages from an automobile accident. A defect in manufacture of the plaintiff's vehicle is found to be 60 percent responsible for the accident, while the plaintiff's own negligence is 40 percent responsible. Under the doctrine of comparative negligence, how much would the defendant -the manufacturer of the vehicle - have to pay the plaintiff in damages?

60,000

Explanation: The doctrine of comparative negligence states that the defendant would be liable for a total of 60,000 or 60% of the total damages. The doctrine requires that damages in a civil suit be divided based on the parties relative degree of negligence. 

Reference: http://www.claimsjournal.com/news/national/2013/09/05/235755.htm

Harry sees a semi-automatic rifle that he likes in a gun shops window. The price asked for it is $2,500. Harry signs a written contract promising to pay the $2,500 on Friday, taking possession of the rifle when payment is made. On Thursday, a law becomes effective making the ownership, sale, or possession of such a semi-automatic rifle illegal. The contract between Harry and the shop

automatically terminates due to impossibility.

Explanation: A law making the ownership of firearms illegal would bring up the doctrine of impossibility. In contrast to impracticality, impossibility occurs when the terms of the document cannot be completed - in this case due to a newly passed law. Bottom line, the contract between Harry and the Gun Store would terminate automatically.

Reference: http://www.west.net/~smith/imposbl.htm

consideration in a sales contract may be modified without additional

consideration under certain circumstances.

Explanation: UCC contracts are able to be modified without additional consideration, assuming good faith on both parties. Events like this may happen if two parties agree that a contract has become burdensome and both desire to change the initial consideration. 

Reference: http://jec.unm.edu/education/online-training/contract-law-tutorial/the-uniform-commercial-code-ucc

Additional Answers

Where does the power of preemption come from?

Supremacy Clause of the US Constitution

Explanation: Supremacy puts federal more law above state law, aka Preemption.  

Name a major issue with international courts?

It’s difficult to enforce rulings on sovereign nations 

Explanation: Sovereign nations have no good reason to follow rulings set in international courts.  

1) Which of the following does not result in a decision rendered by the hearing officer? 

Mediation 

Jurisprudence is defined as 

the science and philosophy of law 


The state of Kansas has enacted a new law requiring all commercial trucks driving on Kansas roads to have special mud flaps installed. These mud flaps have been proven to make driving in the rain significantly safer due to reduced mist created by trucks driving in the rain, although data regarding accidents and injuries has not yet been determined. Any truck entering Kansas must have these flaps installed or will be subject to a significant fine and delay. The cost for purchase and installation of these flaps is $1,000 per truck. In short, trucks must have these flaps or go around the state. This Kansas law 

is invalid because although on its face it's an intrastate law, this statute will have a significant economic effect on interstate commerce causing an undue burden

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