business law Multiple Choice Questions 1. Under Defense s to Negligence, when th
ID: 2591425 • Letter: B
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business law
Multiple Choice Questions 1. Under Defense s to Negligence, when the plaintiff is shown to voluntarily assume a known risk or harm. The defendant may assert the defense of_ a. Proximate Cause b. Plaintiffs Contribution c. Assumption of Risk d. Pure Comparative Fault 2. What is an IBE? Any business entity with relationships that transcend national a. boundaries One of the courts in The Hague that settles disputes between businesses of different countries b. c. A choice of law clause in an international contract d. A transaction in violation of the International Commercial Code 10 Amendment 4th Amendment c. 5th Amendment d. 12th Amendment 4. Non-violent crimes based on fraud and concealment are classified as w type of crimes?Explanation / Answer
1. The answer is option “c” – assumption of risk.
When the plaintiff in a case assumes the risk in an activity that is obviously dangerous and proceeds to engage in that activity then in such cases the law will not allow the plaintiff to recover damages from the defendant.
2. IBE stands for International Business Entity. IBEs are those business entities whose operations are not restricted to the national boundaries of a country.
Hence the answer is option “a” – any business entity with relationships that transcend national boundaries.
3. The answer is option “b” – 4th Amendment.
This amendment protects the right of privacy of an individual as well as against illegal and unreasonable search and seizures.
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