Week 2 : Courts and Litigation, Negligence, Accountant Liability – Quiz

Week 2 : Courts and Litigation, Negligence, Accountant Liability – Quiz

1. (TCO 1) Leon files a suit against Moira, a medical doctor, alleging negligence. As a physician, Moira is held to the standard of _____ (Points : 2)

       a blameless individual.
       a faultless ordinary person.
       a reliable professional.
       a reasonable physician.
 

2. (TCO 1) Ezra, an accountant, intentionally misstates a material fact to mislead Fruit Packing Industries, Inc., a client. Fruit Packing justifiably relies on the misstatement to its detriment. Ezra is most likely liable for _____ (Points : 2)

       actual fraud.
       constructive fraud.
       destructive fraud.
       virtual fraud.
 

3. (TCO 1) In newspaper ads, Lo-Price Autos falsely accuses My-T Value Vehicles, a competitor, of selling stolen cars. My-T's sales decrease. Lo-Price has most likely committed _____ (Points : 2)

       slander of quality.
       slander of title.
       wrongful interference with a business relationship.
       None of the above
 

4. (TCO 1) Ike pushes Joan, who falls and breaks her arm. Ike is liable for the injury _____ (Points : 2)

       if Ike intended to push Joan.
       only if Ike did not intend to break Joan's arm.
       only if Ike had a bad motive for pushing Joan.
       only if Ike intended to break Joan's arm.
 

5. (TCO 1) Travis, an accountant, is subject to the accounting conventions, rules, and procedures that constitute generally accepted accounting principles (GAAP). GAAP are determined by _____ (Points : 2)

       state courts.
       the American Bar Association.
       the American Institute of Certified Public Accountants.
       the Financial Accounting Standards Board.
 

6. (TCO 3) Quality Products, Inc., files a suit against Retail Sales Corporation. Sid is a witness for quality. Tod is a witness for retail. Quality may direct interrogatories to _____ (Points : 2)

       retail only.
       retail, Sid, or Tod.
       Sid only.
       Sid or Tod only.
 

7. (TCO 3) Hua, a resident of Illinois, owns a warehouse in Indiana. A dispute arises over the ownership of the warehouse with Jac, a resident of Kentucky. Jac files a suit against Hua in Indiana. Regarding this suit, Indiana has _____ (Points : 2)

       federal question jurisdiction.
       inpersonam jurisdiction.
       in rem jurisdiction.
       no jurisdiction.
 

8. (TCO 3) In Fancy Frills Corporation's suit against Glamour Stores, Inc., the jury returns a verdict in Fancy's favor. Glamour files a motion asking the judge to set aside the verdict and begin new proceedings. This is a motion for _____ (Points : 2)

       a judgment in accordance with the verdict.
       a judgment on the pleadings.
       a new trial.
       judgmentn.o.v.
 

9. (TCO 3) The Idaho Supreme Court rules against Jiffy Mart in a case against Kwik Stop Stores, Inc. Jiffy Mart files an appeal with the United States Supreme Court. The Court does not hear the case. This _____ (Points : 2)

       is a decision on the merits with value as a precedent.
       indicates agreement with the Idaho court's decision.
       means nothing.
       means that the Idaho court's decision is the law in Idaho.
 

10. (TCO 3) Lynn files a suit against Karl. Karl denies Lynn's charges and sets forth his own claim that Lynn breached their contract and owes Karl money for the breach. This is _____ (Points : 2)

       a counterclaim.
       acrossclaim.
       an affirmative defense.
       an irrelevant response.