Question 1. 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
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.
Question 2. Sam, a citizen of Tennessee, files a suit in a Tennessee state court against United Sales Corporation, a Wyoming company that does business in Tennessee. The court has original jurisdiction, which means that
the case is being heard for the first time.
the court does not have concurrent jurisdiction.
the court has standing.
the court has venue.
Question 3. Jo files a suit against Lara in a Missouri state court. Lara's only connection to Missouri is an ad on the Web originating in Nebraska. For Missouri to exercise jurisdiction, the issue is whether Lara, through her ad, has
a commercial cyber presence in Missouri.
conducted substantial business with Missouri residents.
general maximum contact with Missouri.
solicited virtual business in Missouri.
Question 4. 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
federal question jurisdiction.
in personam jurisdiction.
in rem jurisdiction.
no jurisdiction.
Question 5. Sam, a citizen of New Mexico, wants to file a suit against Tanya, a citizen of Texas. Their diversity of citizenship may be a basis for
any court to exercise in rem jurisdiction.
a federal district court to exercise original jurisdiction.
a U.S. court of appeals to exercise appellate jurisdiction.
the United States Supreme Court to issue a writ of certiorari.
Question 6. Rex, an accountant, enters into a contract to provide services to Sofi. Rex does not finish the work within the contract's deadline. Sofi pays a penalty as a result of the missed deadline and hires Trey to complete the job. Rex is most likely liable for
nothing.
Sofi's penalty and the cost to hire Trey.
Sofi's penalty only.
the cost to hire Trey only.
Question 7. Travis, an accountant, is subject to the accounting conventions, rules, and procedures that constitute generally accepted accounting principles (GAAP). GAAP are determined by
state courts.
the American Bar Association.
the American Institute of Certified Public Accountants.
the Financial Accounting Standards Board.
Question 8. Jean is playing a computer game on a bad disk that melts in her drive, starting a fire that injures her hands. Jean files a suit against K-Tech, Inc., the game's manufacturer. K-Tech is held liable under the doctrine of strict liability. A significant application of this doctrine is in the area of
cyber torts.
intentional torts.
product liability.
unintentional torts.
Question 9. Kelly is injured when she slips and falls on Layla's sidewalk. To determine whether Layla owed a duty of care to Kelly, Layla is subject to the standard of
a realistic person.
a reasonable person.
a recognizable person.
a reliable person.
Question 10. Gert, an accountant, contracts to conduct an audit for Hailey. In performing the audit, Gert fails to detect certain misconduct. Gert is most likely
liable if a normal audit would have revealed the misconduct.
liable if Gert issues a specifically qualified opinion.
not liable if Gert generally disclaims any liability.
not liable if the misconduct was due to Hailey's negligence.