ETH 321 OUTLET Motivated Minds/eng106rank.com ETH 321 OUTLET Motivated Minds/eng106rank.com | Page 17

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because the terms were fair, the parties are bound by the contract rega
rdless of their intent or capacity.
7- What must Congress do first to establish an administrative agency?
• obtain judicial approval the creation.
• enact an enabling statute.
• nothing, it is an executive power.
• research if a new agency is needed
8-
Which of the following will be a valid defense in a strict products liabil
ity case?
• consent.
• comparative negligence.
• assumption of risk
• contributory negligence.
9-
Modern Corporation operates a steel mill. They have never contributed
anything to the local community and they knowingly pollute both the
air and river that runs by their mill. Their reasoning is that the cost to
install pollution control devices would diminish their profits and they d
on't support the community because they provide jobs and don't think t
hey owe anything else to the citizens in their area. Donating to the com
munity would also diminish profits. Which theory of corporate social r
esponsibility are they exhibiting?
• the narrow view a/k/a invisible hand theory.
• the broad view a/k/a management's hand theory.
• the moderate view a/k/a government's hand theory.
• the hybrid view a/k/a citizen's hand theory.
10-
Where a promise can only be accepted by the performance of the perso
n to whom it is offered is an example of a/an
• bilateral contract.
• quasi contract.
• implied contract.
• unilateral contract