1. The obligation owed by individuals to one another not to cause any unreasonab

1. The obligation owed by individuals to one another not to cause any unreasonable harm or any risk of harm is called:
​duty of care
​duty of restoration.
​duty of loyalty.
​duty of restitution.
2. Which of the following best describes the term warranty?
​It refers to the terms in a sales contract stipulating the party that will bear the risk of loss of goods during shipment.
​It is a purchaser’s title to goods obtained by the impersonation of another person.
​It is the seller’s assurance to a buyer that the goods sold meet certain standards of quality.
​It refers to the transfer of possession of stolen property to a person who had bought the property without the knowledge that it has been stolen.
​3. The manifestation of the substance of a contract by two or more individuals is called ____.
​acceptance
​an agreement
​an offer
​consideration
4. Workers’compensation is defined as the:​
​set of programs mandated by the government to ensure safety in places of work.
​remuneration awarded to employees and their families when the employees are injured on the job.