Business LAW 531 Week 6 Final Exam New Assignments

c) unenforceable contract
d) voidable contract
26. An essential element of a tort is that the alleged defamatory statement must be “of and
concerning” the plaintiff. Why?
a) It is extremely difficult to prove.
b) It aims to protect reputation.
c) It concerns public figures.
d) It places the burden on the defendant.
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27. Which of the following is an accurate statement about powers delegated to and
possessed by administrative agencies?
a) Most administrative agencies are given restricted powers to comply with the
constitutional principle of separation of powers.
b) An agency’s rulemaking power would be classified as discretionary power rather than
ministerial.
c) The most important administrative agencies typically possess rulemaking powers but
lack adjudicatory powers.
d) Modern courts tend not to uphold the validity of broad delegations of power by Congress
to administrative agencies.
28. Which of the following is true of a person’s capacity to be a principal or an agent?
a) To be an agent, a person must have the capacity to perform non-delegable obligations
for the principal.
b) To be an agent, a person must have the ability to make his own contracts, independent
of the principal.
c) A principal must have the capacity to do the acts for which the agent has been retained.
d) Any duty that a principal has the capacity to perform can be delegated to an authorized
agent.
LAW 531 Final Questions and Answers LAW 531 Final Exam Week 6
29. The typical dissolution of a corporation requires approval of the _____.