The Courts of Chancery originally followed stare decisis and precedent, as did the common-law courts.

________ is a medium of exchange authorized or adopted by a domestic or foreign government and includes a monetary unit of account established by an intergovernmental organization or by agreement between two or more nations.

A) Domestic currency
B) Foreign currency
C) Embargo
D) Money

Judy does not know Roy,but she does know Don,who knows Roy.Judy's relationship to Roy is termed

A) remote
B) two degrees of separation.
C) reciprocal
D) transitional
E) disjunctive

Which of the following statements about employment agencies is true?

A) State employment agencies are supported by a special tax on wholesale products.
B) Private employment agencies only serve professional and managerial labor.
C) Employment agencies are a form of internal recruitment.
D) State employment agencies tend to be small organizations with very limited lists of potential employees.
E) The Social Security Act provides that most workers who have been laid off must register with the state employment agency in order to be eligible for unemployment benefits.

Which of the following, despite being incorrect and inappropriate in other forms of business writings, is commonly used in sales writing?

A) The use of a conversational style of writing
B) The use of you-viewpoint
C) The use of visual emphasis devices
D) The use of active voice
E) The use of sentence fragments

Which of the following instruments is nonnegotiable?

A) "I promise to pay to the order of Carol Reed $40,Jerry Jacobs."
B) A statement in the instrument that it was given in payment of the previous month's rent.
C) A statement in the instrument that it was given in payment of the purchase price of goods.
D) "I promise to pay to the order of Meg Raven,at my option,$100 or five baskets of oranges,Dan Gilbert."

Because consideration is an essential element of contract formation and enforcement,the court always considers the adequacy of consideration.

Which of the following needs can be addressed primarily through crowdsourcing?

A) A company wants to procure a library of freely downloadable photographs for its photo app.
B) A company wants to increase profits by raising subscription fees to its video streaming app.
C) A company wants to reduce waste in its manufacturing process by working with a single vendor.
D) A company wants to raise funding to support expansion of its product lines.