This was created to facilitate commerce (make it easier to do business) among the states by providing a standard, yet flexible, set of rules governing commercial transactions. It’s not a law but has the authority of law.

The Final will cover chapters 9-12, 14, 15, 17.  You have 120 minutes to complete the exam. 

The present value of $1,000 to be received in 10 years is _________ if the discount rate is 7.3%

This school of law emphasizes the evolutionary process of law & concentrates on the origins of the legal system.

A firm that wants to know if it has enough cash to meet its bills would be most likely to use which kind of ratio?

Auto Loans R Them loans you $24,000 for four years to buy a car. The loan must be repaid in 48 equal monthly payments. The annual interest rate on the loan is 9 percent. What is the monthly payment?

If a group of college students decide to wear t-shirts to class that have a cartoon photo of former President Richard Nixon with the words “Nixon was a thief” on it, under what type of law are they protected?

ACE Manufacturing is having a dispute with their supplier, rather than file a lawsuit, they met together informally with an official neutral 3rd party who is there to help or facilitate discussion. The goal of this person is to encourage them to discuss the problem and come to an agreement in resolving the case. What type of Alternative Dispute Resolution is this

Bonus: If you were on trial for a crime, would you want an all AI jury? Assume that they have all the knowledge of every lawsuit in the history of the US in their database. Give a yes/no answer and then a 1-2 sentence reason.  

If the US Government attempted to name Catholicism as the national religion of the US, this would be in violation of the clause prohibiting the government from naming a state-sponsored religion. Which clause in the constitution is applied here?