1. What constitutional provision provides the U.S. government with the authority to regulate commercial activities among...

1. What constitutional provision provides the U.S. government with the authority to regulate
commercial activities among the various states?
A. The Bill of Rights
B. The Commercial Law
C. The Commerce Clause
D. All of the above
E. None of the above
2. What is a tort?
A. A civil wrong not arising from a breach of contract that causes harm or injury to another
B. A breach of a legal duty that proximately causes harm or injury to another
C. All of the above
D. None of the above
3. A wrong against society proclaimed in a statute and, if committed, punishable by society through
fines, imprisonment, or death is the definition for:
A. Tort
B. Negligence
C. Crime
D. All of the above
E. None of the above
4. A contract is an agreement formed by two or more competent parties who agree, for consideration,
to perform or to refrain from performing some legal act now or in the future.
A. True
B. False
C. None of the above
5. An offer is a promise or commitment to perform or refrain from performing some specified legal act
in the future.
A. True
B. False
C. None of the above

Solutions

Expert Solution

Ans 1:- c) Commerce clause.

Explanation:- Article 1 section 8 of the US constitution deals with commerce clause.This provision allows congress to control trade with foreign countries and among various states.

commercial law:- Commercial law is a form of law that administers the way of commercial firms contracts,implementation of contracts,remedies etc.

Ans 2:- c) All the above.

Explanation:- "Tort is an illegal civil wrong, not arising from a breach of a contract or other agreement. Tort is a breach of law(legal duty) that directly cause harm or injury to another". So option A and B are correct.

Ans 3 :- c) Crime.

Explanation:- Crime is an action or omission that create an offence and that is punishable by law. This unlawful action is punishable by a state or any other administrate authority. This action may punished with fine,imprisonment or death punishment.

Tort- Tort is an unlawful act or a breach of a right (other than contract) leading to legal liability.

Negligence- Negligence is a breach of a duty of attention or care that results in damage or loss.

Ans 4 :-A) True.

Explanation:- A contract is an agreement between two or more parties to accomplish (perform) or abstain ( refrain) from some action in the present or in the future. Contract is a lawfully (legally) enforceable agreement.

Ans 5:- A) True.

Explanation:- An offer is a promise or commitment to perform or abstain from performing some stated action or act in the future. An offeror cannot cancel (revoke) that offer for a specific time period. During that specific time ,the offeree can admit ar reject that offer.

Rahul Sunny answered 1 year ago

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