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1) ace software co. signed a deal with gill associates, a partnership, and has extended credit to it. paul, a partner in gill associates, retires but his partners continue the business. in order to release paul from the debt owned […]

1) the charging order creditor is a lien creditor and is entitled to receive only the partners share of the partnership distributions. 2) one of the kinds of property that is exempt from bankruptcy under chapter 7s federal exemptions is […]

1) the first amendment prohibits state regulation of deceptive commercial advertising. 2) a person cannot be a holder in due course of a negotiable instrument if, when she takes it, the instrument is irregular or some important or material term […]

1) dan has leased a site from mark for a period of 2 years. bob is interested in purchasing it and makes a great offer to him for the site. in this case: a.dan cannot sell the land because he […]

1) the insured is not entitled to recover under a property insurance policy if she had an insurable interest at the time the policy was purchased but did not have an insurable interest the time the loss occurred. 2) if […]

1) questions of proximate cause assume the existence of _____. a.intervening cause b.strict liability c.actual cause d.comparative fault 2) section 8 of the clayton act requires a _____ analysis of behavior for determining liability. a.quick-look b.per se c.secondary d.rule of […]

1) in some circumstances, article 3 allows a person to become a holder by negotiation, even though the transfer of possession is involuntary. 2) the executive branch of government exercises significant control over agency action through the office of management […]

1) article 2 of the ucc mandates that the parties to a sales contract state in specific and unambiguous language the exact terms of the contract. otherwise, courts will declare the contract unenforceable. 2) ucc covers accord and satisfaction by […]

1) article 2 of the ucc determines the rights of the seller, the buyer, and third parties irrespective of who has title at any given moment. 2) in a strict liability case, the plaintiff must prove that the defendant breached […]

1) if a $100 replacement part for a piece of manufacturing equipment is sold to a manufacturing plant, the magnuson-moss act does not apply to the sale. 2) threats to institute legal actions cannot be considered improper threats that constitute […]

1) where covered and non-covered peril join to cause a loss, and the covered peril plays the dominant role in such loss, then the policy: a.will provide coverage, because of the dominant role played by the covered peril. b.will not […]

1) when an offer is unclear about the form of acceptance it requires, ideally it must not be accepted. 2) minutes of the meetings are usually kept by the board of directors. Answer: false minutes of shareholders meetings are usually […]

1) the obligation of an acceptor is: a.to make an unconditional promise to pay a fixed amount of money and is responsible for making good on that promise. b.to pay the check according to its terms at the time he […]

1) corporations may be held criminally liable even in the absence of proof that high corporate officers ordered or acquiesced in the offense charged. 2) a claim in recoupment is a claim of the person obligated on the instrument against […]

1) adam decides to eat food despite knowing that it is adulterated and brags about it to dee. later adam falls sick from infection. adam sues the supplier of the said food for injury suffered by him. the defense which […]

1) speaking generally, a quasi-contract applies where there has been foreseeable reliance on an express promise. 2) at common law, the risk of loss for shipped goods falls upon the person or party who had “technical title” at the time […]

1) an agreement can be illegal even if no statute specifically states that such an agreement is illegal. 2) a typed or rubber stamped signature is sufficient if it is put on the instrument to validate it. answer: true a […]

1) daniel is a senior at state university. brian, daniels father, is concerned about daniels study habits, given that daniel spends most of his evenings at the campus pub instead of the library. brian promises daniel that he will send […]

1) which of the following is protected by copyright laws in computer programs? a.organization b.structure c.source code d.presentation of information 2) where the parties to a contract wish to cancel their contract and be in the same position as they […]

1) the equitable remedy of specific performance is most likely to be awarded by a court in which of the following circumstances? a.sale of a da vinci original where the seller refuses to deliver b.sale of a perfume bottle which […]

1) a sole proprietorship is a legal entity separate from its owner. 2) to encourage people to cancel illegal contracts, courts will allow a person who rescinds such a contract before any illegal act has been performed to recover any […]

1) amy is hired by bigmart as a cashier. at the time of hiring, amy is required to sign an arbitration agreement under which she agreed to settle any and all claims she might have relating to her employment by […]

1) the basic recovery for copyright infringement is only the owners actual damages. 2) minor criminal cases and civil disputes are decided in the appellate courts. Answer: false minor criminal cases and civil disputes involving small amounts of money or […]

1) for federal district court diversity jurisdiction to exist, the amount in controversy must exceed $500,000. 2) a partnership and its partners are usually liable for a partners intentional torts. answer: false while a partnership and its partners are usually […]

1) june included an exculpatory clause in the lease agreement for her house that may was renting. during her lease period, may slipped and fell on the staircase which was made of faulty and rotten floorboards. can may recover damages […]

1) the only manner in which a request for prompt or current shipment of goods can be honored is by a prompt or current shipment of the goods to the buyer. 2) the general rule on the duration of a […]

1) if a term is left open in a sale of goods contract, that open term or gap can be filled by inserting a presumption found in the uccs gap-filling rules. 2) a noncompetition clause is also known as a […]

1) the primary corporate objective is to make money for the shareholders. 2) a drawee has no liability on a draft unless it certifies or accepts the draft. Answer: true a drawee has no liability on a check or other […]

1) the importance of the terms fob and fas in contracts for the sale of goods is that they obligate the buyer to pay immediately upon delivery of the goods. 2) under the restatements fault requirement for injurious falsehood cases, […]

1) checks and drafts are: a.documents required to evidence the shipment of goods. b.documents which detail the transaction between a seller and a buyer. c.orders to another person to pay money to a third person. d.promises to pay someone money. […]

1) baronial company plans to make a registered offering of its preferred shares pursuant to the securities act of 1933. after filing a registration statement with the securities and exchange commission but prior to its effective date, which of the […]

1) ruth purchased a property insurance policy from abc insurance (abc). this policy covered ruths airplane and the policy limits were $300,000. a fire broke out on january 1, 2006, when the airplane was stored in its hangar, completely destroying […]

1) there is no tort liability for fraud or deceit where the defendant did not actively make a false statement, but instead merely failed to disclose something. 2) normally, a motion for summary judgment requires that a court decide both […]

1) if the debtor defaults on his agreement with the creditor, one of the creditors options is to repossess the collateral and then sell it. 2) the state of delaware has adopted business combination moratorium statutes to deter tender offers […]

1) on may 1, ida makes a written offer to miranda for the sale of idas car. on may 2, ida mails miranda a letter revoking the offer. on may 3, ida telephones miranda to tell her that she is […]

1) the probate process involves collecting the decedents property, paying off debts, and distributing the remaining property to those who will inherit it under his will. 2) a disclaimer of the implied warranty of merchantability must be in writing to […]

1) article 9 of uniform commercial code deals with provisions regarding security interests involved in a personal property. 2) in a clayton act section 7-based challenge to a merger, the courts adoption of a broad relevant market definition will usually […]

1) as per the model nonprofit corporation act (mnca), a nonprofit corporation need not have members for its existence. 2) ahmed cohen received a check for $5,000 for a used car he sold. the check was marked pay to the […]

1) a drawer whose bank paid checks over a stop-payment order may not be entitled to have his account recredited, if he is unable to show he suffered any loss. 2) parol evidence can be used to contradict the terms […]

1) the principle of employment at will says that either party can terminate an employment contract of indefinite duration. 2) courts look at parties outward manifestations of intent as a requirement to enforce a contract. this is called the subjective […]

1) which of the following are frequently used to cure technical defects in the chain of title to property? a.insurable deeds b.quitclaim deeds c.general warranty deeds d.special warranty deeds 2) when a court says that an agreement is illegal, it […]

1) tina cosigns a promissory note at globe bank for $500.00 for her friend tom. tom defaults on the loan, and globe bank collects $500.00 from tina. tina then collects $500.00 from tom. tina could collect money from tom because […]

1) the principal of constructive eviction is applicable only to commercial property. 2) a corporation may not declare and distribute dividends unless it has excess solvency. Answer: true a corporation may pay a dividend to the extent it has excess […]

1) andrea hired jack to be the sales agent for her paintings. however, in a months time, she terminated the agency with jack. harold, a customer who had dealt with jack earlier, was not aware of the termination. harold approached […]

1) when two or more business entities conspire to monopolize a relevant market, section 2 of the sherman act may be violated. 2) delta corporations board of directors is considering a resolution that may cause severe liability to the directors. […]

1) generally, corporate acceptance of preincorporation subscriptions occurs by action of the: a.board of directors after incorporation. b.promoters during their issuance. c.board of directors during their issuance. d.promoters before incorporation. 2) which of the following characterizes procedural due process? a.the […]

1) in the absence of a decision by the members of an llc, any member can demand the distribution of profits prior to the dissolution of the llc. 2) a warranty that amounts to a guarantee that the house is […]

1) warranties do not apply without the indorsement of the transferor. 2) the only person with the legal power to accept an offer and create a contract is the original offeree. Answer: true the only person with the legal power […]

1) the expansion of corporate criminal liability in imputing the criminal intent of employees to the corporation falls under the scope of: a.mens rea. b.presumption of innocence. c.double jeopardy. d.respondeat superior. 2) to satisfy the ucc statute of frauds, a […]

1) what is the usual ucc time limitation for claiming express and implied warranty after the sale of a product? a.12 months b.2 years c.4 years d.5 years 2) carlita retires from mortex associates, a partnership. the business is continued […]

1) short-term certificated options that are usually transferable are referred to as: a.options. b.warrants. c.bonds. d.rights. 2) what does the term grumbling acceptance mean? a.accepting the offer by maintaining one silence b.making material changes to a contract when accepting it […]

1) if no agreement is made regarding the place of delivery, then the goods are to be delivered at the sellers place of business. 2) article 2 of the ucc has no parol evidence rule. answer: false the parol evidence […]

1) the judicial standard of review used in cases involving informal agency adjudications or rulemaking is the: a.substantial evidence test. b.beyond reasonable doubt review. c.de novo review. d.arbitrary and capricious test. 2) which of the following statements about the problem […]

1) melissa hurls a rock with the intention to hit dave, with whom she has just fought. the rock hits stacey, instead, who is sitting next to dave. melissa is liable for battery under the clause of: a.conversion. b.private nuisance. […]

1) which of the following is used by sellers to eliminate any kind of liability that may be claimed by an injured buyer? a.warranty b.disclaimer c.warning d.advertisement 2) if viola owes tina money, tina may frame a document for the […]

1) the _____ requires a public company to disclose whether it has adopted a code of ethics for senior financial officers, and to disclose any change in the code or waiver of the codes application. a.davis-bacon act b.goldwater-nichols act c.sarbanes-oxley […]

1) books are us (bu), a bookstore, is being sued for defamation after it sold a book containing false, defamatory statements about the plaintiff. what is bus best defense to this lawsuit? a.bu is not the publisher of the book. […]

1) the toxic substances control act gives the epa the authority to regulate the production and use of agricultural chemicals such as insecticides. 2) the termination of an agency terminates the agents express authority, but not his implied authority. Answer: […]

1) under the securities act of 1933, the registration of securities which are offered to the public in interstate commerce is: a.directed toward minimizing investor exposure to financially risky securities. b.not required unless the issuer is a corporation. c.mandatory unless […]

1) sharon entered into a preincorporation share subscription agreement on january 1, 2006. the corporation was formed on february 1, 2006. what is the status of this agreement on march 1, 2006, under the model business corporation act? a.it is […]

1) straight voting permits a single holder of more than 30 percent of the shares of a corporation to dominate the management of the corporation. 2) in order for an artisans lien to be valid, the lien holder normally must […]

1) edna boyle contracts with the melonville times to advertise her garage sale to be held this saturday. the ad is to run in the friday and saturday morning edition. if the ad does not run on time, the melonville […]

1) speedster is an automobile manufacturing company that has a factory in seattle, washington. it has placed keith mcshane, the operations head of the factory, in charge of investigating the firms decision whether to move the factory to qingdao, china. […]

1) an implied warranty of habitability in the leased property makes the landlord the insurer of the tenants safety. 2) in a contract for adam to sell carrie a steam boiler, carries obligation to pay is conditioned upon her personal […]

1) a hotelkeeper is liable for loss or damage to property if it can be proved that it was caused by: a.the bailors negligence. b.an act of a government authority. c.the nature of the goods. d.the bailees own conduct. 2) […]

1) bettina knows that she is going bankrupt. one month before the filing of her voluntary petition, bettina sells a painting worth $50,000 to her brother for $100. this is legal under chapter 7. however, if bettina had simply given […]

1) a mining partners interest is not freely transferable. 2) a states courts may exercise jurisdiction over a foreign corporation that has contacts in the state. Answer: true the due process clause requires that a foreign corporation have sufficient contacts […]

1) rebecca, a minor, rented an apartment from jones for a period of one year when she had no place to stay. she disaffirmed the contract after four months, though she paid rent only for the first two months. which […]

1) which of the following is true about the fifth amendment and the production of records? a.it would allow a bogus, inc., officer who has custody of bogus records to resist a subpoena demanding production of those records if the […]

1) an agreement that violates legislative and court-made rules and creates threat to public policy shall be denied enforcement on the ground of illegality. 2) when a person owes an unconditional duty to another, then he/she must perform it unless […]

1) unless the articles of incorporation state otherwise, directors cannot be removed with or without cause. 2) property can be transferred by a will, if it is validly executed. answer: true if a valid will exists, property can be transferred […]

1) if the parties agree on a reasonable amount of damages that will be paid to the injured party, this amount is known as _____. a.liquidated damages b.unconscionable damages c.penal damages d.unenforceable damages 2) _____ theory emphasizes that one should […]

1) in deciding whether consideration necessary to form a contract exists, a court must determine whether: a.the consideration given by each party is of roughly equal value. b.the consideration conforms to the subjective intent of the parties. c.the consideration has […]

1) the ____ amendment forbids cruel and unusual punishments. a.first b.eighth c.fourteenth d.fifteenth 2) susan was hired by teddy & co. as a sales woman. however, the management on seeing her intelligence and capabilities allowed her to use the office […]

1) a voluntary petition under chapter 7: a.cannot be filed by an insurance corporation. b.requires that the debtors debts exceed his assets by $5000. c.requires that the debtor have at least three creditors. d.cannot be made by an individual. 2) […]

1) the right of a lienholder to possess goods does not automatically give the lienholder the right to sell the goods or to claim ownership if his charges are not paid. 2) the ocean dumping ban act of 1987 set […]

1) if a check is drawn pay to the order of maria and maria indorses it pay to the order of jay, maria. this falls under: a.blank indorsement. b.restrictive indorsement. c.special indorsement. d.simple indorsement. 2) a large drug company has […]

1) pratt, owner of an appliance store, has a garage sale at his home where he sells old furniture and books. he sells a set of books to his neighbor, stacey. pratt is considered a merchant under article 2 of […]

1) a drawer can claim alteration as a reason for not charging a particular check to his account, even if the drawer has contributed to the alteration in some way. 2) unforeseeable acts are held to be an intervening cause. […]

1) a revocation is effective at the time it is dispatched by the offeror. 2) professionals tort liability to their clients may be based only on the common law concepts of negligence and fraud. Answer: false professionals tort liability to […]

1) under the mbca, only directors of a corporation are entitled to mandatory indemnification rights. 2) the tort of malicious prosecution affords a remedy when the defendant mounted a wrongful and unjustifiable civil suit against the plaintiff. Answer: false wrongful […]

1) an agency coupled with an interest cannot be terminated by the principals revocation of the agency. 2) social security basically is a social compromise. answer: false workers compensation basically is a social compromise. the strict liability condition and elimination […]

1) which of the following is true of the contract clause? a.it applies to laws that impair contracts made after the laws passage. b.it imposes tougher standards on government contracts than on private contracts. c.it does not apply to government […]

1) one of the elements that must be demonstrated before a challenged tying agreement will be held to violate section 1 of the sherman act is that: a.the seller commands 10 percent of market in the tied product category. b.the […]

1) the standard of proof in a criminal case is: a.proof by a preponderance of the evidence. b.proof beyond a reasonable doubt. c.proof that is more likely than not. d.proof beyond the presumption of innocence. 2) which of the following […]

1) which of the following is true of a sales contract under the ucc? a.the courts cannot fill any gaps in the contracts. b.the court needs to find if the parties intended a contract. c.an intent to contract exists even […]

1) which of the following would indicate a rejection under the mirror image rule? a.inquiry regarding terms b.material changes to offer c.grumbling acceptance d.present intent to accept 2) a(n) _____ is a contract under which an owner of property, the […]

1) if grant promises to sell his regular season football tickets to carson on condition that indiana university wins the rose bowl, indianas winning the rose bowl is an express condition of grants duty to sell the tickets. 2) the […]

1) according to the u.s. constitution treaties made by the president with foreign governments and approved by two-thirds of the u.s. senate validate inconsistent state and federal laws. 2) chapter 12 is available only for family farmers and fishermen with […]

1) the total fairness test permits a shareholder to require the corporation to purchase his shares at a fair price. 2) in general, the ulpa does not grant partners much power to expel other partners from the partnership. Answer: true […]

1) which of the following is an example of restrictive endorsements recognized under article 3? a.pay to bruce zucker in trust for jay zucker. b.pay to bruce zucker only. c.pay to jay zucker on the condition that he completes construction […]

1) constitutional procedural safeguards such as the exclusionary rule protect respondents of the administrative adjudication process. 2) a state law unconstitutionally burdens interstate commerce only when it violates a federal statute that was enacted under the commerce clause. Answer: false […]

1) section 11 of the 1933 act provides civil liabilities for damages when a 1933 act registration statement on its effective date misstates or omits a material fact. 2) a passive investor who believes she has invested in a corporation […]

1) much of the information contained in a typical monthly credit card statement sent to a consumer is compulsorily required by the truth in lending act. 2) the secured party whose interest in fixtures is perfected will have priority where […]

1) the implied warranty of habitability requires landlords to maintain residential rental property in a statutorily defined, reasonably safe and healthy condition. 2) in a copyright infringement case, the successful plaintiff may recover either the damages sustained by the plaintiff […]

1) which of the following is true about a wrongfully dissociated partner? a.he may perform the winding up. b.he may demand the partnership be dissolved. c.he is not entitled to the value of any of his partnership interest. d.he is […]

1) joe is the personnel manager for the bfg corporation. joe hires employees for bfg. joe hires suzy as a management trainee. suzy is bfgs subagent. 2) the u.s. constitution allows ex post facto criminal laws. Answer: false the u.s. […]

1) a method of alternative dispute resolution in which a neutral third party helps the parties reach a resolution of the dispute by facilitating communication, clarifying areas of agreement, helping see each others viewpoints, suggesting settlement options, but who cannot […]

1) real property includes land but does not include residential buildings and permanent structures. 2) under the doctrine of respondeat superior, a corporation is liable for an employees tort that is reasonably connected to the authorized conduct of the employee. […]

1) which of the following doctrines often proves helpful to plaintiffs who bring a product liability lawsuit alleging negligence? a.res judicata b.res ipsa loquitur c.caveat venditor d.caveat emptor 2) one day, jon carelessly left a rake next to the sidewalk […]

1) if a state law discriminates against interstate commerce, then the strictest scrutiny will be applied in determination of its constitutionality. 2) a novation is said to take place when continuing partners release a dissociated partner from liability but creditors […]

1) if there is no time specified in contract by the parties, then it is presumed that performance shall be completed whenever possible. 2) separation of power issues seldom arise with regard to administrative agencies because agencies owe their existence […]

1) the doctrine of standing to sue requires that, in order to be able to mount a civil suit, a plaintiff must have some direct and considerable stake in the outcome of the suit. 2) a patent granted on september […]

1) the u.s. constitution recognizes the states power to make law in certain areas. 2) the agency relationship may be formed even if the parties do not subjectively intend to create it. Answer: true an agency may be present even […]

1) a promissory note is a credit instrument. 2) any notice given to a partner is deemed to be a notice given to the partnership firm. Answer: true notice to a partner is considered to be received by the partnership. […]

1) chapter 13 bankruptcy petitions may be either voluntary or involuntary. 2) mei issues purchase order to june for goods which costs $ 25,000. june agrees to provide the same but she doesn’t sign the purchase order. mei can file […]

1) according to the magnuson-moss warranty act of 1975, a consumer is a buyer or transferee who either uses the product himself or sells it to another consumer. 2) under revised article 9, the ucc allows a security agreement to […]

1) joe went to a music store; misrepresenting himself as james to the store attendant. he buys a plasma television on credit, charging it to james’s account. he then sells that set to mike. mike buys the set in good […]

1) under the mailbox rule, the acceptance of an offer is effective at the time the acceptance is dispatched unless: a.both the offeror and offeree are merchants. b.the offer proposes a sale of real estate. c.the acceptance is not in […]

1) if the offeree accepts the offerors terms while complaining about them, it is called a grumbling acceptance. 2) watered shares are shares issued for consideration that has been overvalued impermissibly by the board of directors. answer: true watered shares […]

1) except for the liability of limited partners, limited partnerships and lllps are identical. 2) an indorsing transferor of a negotiable instrument makes five transfer warranties to all subsequent transferees. Answer: true a person who transfers a negotiable instrument to […]

1) david, a debtor, owes debts to creditors paul, mark, and gary. paul, mark, and gary agree with each other and with david to release him from his debts, in exchange for his promise to pay paul, mark, and gary […]

1) a partner in a partnership firm should make all attempts to take decisions that are in the best interest of the firm. this is related to the concept of _____. a.duty to serve b.duty to act within actual authority […]

1) what are legal rules in prior cases called? a.statutes b.precedents c.first impressions d.uniform laws 2) a subchapter s corporation is typically treated like a _____ for federal income tax purposes. a.for-profit corporation b.partnership c.publicly held corporation d.not-for-profit corporation answer: […]

1) debra allowed frank to stay in the guesthouse located at the rear of her property. debra and frank never discussed rental terms. it is very likely a tenancy at will has been created. 2) the buyer cannot recover any […]

1) one strength of the instrumentalist attitude: a.is its willingness to adapt the law to further the social good. b.is that legal validity and moral validity always remain separate. c.is that the natural law always remains unworkable. d.is that it […]

1) one may also challenge a patents validity without first being sued for infringement by filing a declaratory judgment action that seeks a court ruling of invalidity. 2) john is a partner of aegon services, a limited liability partnership firm. […]

1) toywood inc., headquartered in vermont, specializes in manufacturing non-toxic wooden toys in its two mechanized units in vermont and new hampshire. its flagship store is located in philadelphia, pa. it will be considered a(n) _____ corporation in pa. a.domestic […]

1) the law governing general partnerships is primarily found in the revised uniform partnership act (rupa). 2) which of the following is most likely to be done by a court if it finds that a contract or a term in […]

1) in some cases, both principal and agent sometimes are liable for an agents torts. 2) under the clean water act, the states have the main responsibility for regulating water pollution. Answer: true under the clean water act, the states […]

1) firms that acquire monopoly power in a given market comply with the antitrust laws objective of promoting competitive market structures. 2) a corporations sale of substantially all of the assets of the business must be approved by its shareholders. […]

1) in order to prevent debtors from misusing the provisions of the bankruptcy code, the scope of dismissal of a bankruptcy petition has been widened to a broader interpretation of abuse, and not just restricted to substantial abuse. 2) a […]

1) the following statements pertain to alleged violations of section 1 of the sherman act. which statement is accurate? a.although tying agreements are classified as per se violations of section 1, the judicial treatment given to them differs from pure […]

1) there is usually no liability of injurious falsehood for false statements that are made negligently and in good faith. 2) under tariff rules, a common carrier may limit her liability to a shippers declaration of value, provided that the […]

1) the ends justify the means: this statement reflects the utilitarian ethical theory. 2) the seller is obligated to resell the goods in cases where the buyer refuses to accept goods that conform to the contract. Answer: false if the […]

1) gary and felix are partners in a general partnership. gary does 2/3rd of the partnership work, while felix does 1/3rd of the work. last year the partnership earned $300,000 in profits. under the rupa, how much of the $300,000 […]

1) when a tenant remains in possession of the property after the expiration of a lease, a tenancy at will occurs. 2) if the seller fails or refuses to deliver the goods called for in the contract, the buyer can […]

1) a right of first refusal on a share certificate allows the corporation to match the offer that a selling shareholder receives for his shares. 2) a bank may, but need not, pay any checks that are more than six […]

1) a transferor of a negotiable instrument for consideration warrants to his transferee that the negotiable instrument has not been altered. 2) the partnership rules of dissociation and dissolution apply to joint ventures. answer: true the partnership rules of dissociation […]

1) strictly speaking, a contract has nothing to do with the personal intent of the parties. 2) transfer of title deeds is a function wherein silence signals acceptance of the offer. Answer: false only areas like customary trade practice or […]

1) only when the promoter is liable on the preincorporation contract is the other party liable on the contract. 2) united states-based firms that engage in international business activities must remember that they could be subject to antitrust complaints in […]

1) lmnop corp. has been convicted under the sherman act for two distinct and separate violations. lmnop may be fined as much as _____ for these two violations. a.$50 million b.$100 million c.$200 million d.$150 million 2) under the model […]

1) one of the two principal regulatory components of the 1933 act is: a.distribution provisions. b.restricted provisions. c.registration provisions. d.disclosure provisions. 2) as per section 4(2) of the 1993 act, registration is not required for: a.transactions which are done by […]

1) what is emancipation? a.termination of a case of fraud and misrepresentation. b.termination of a bargain that is considered void. c.termination of parental rights to control a child. d.termination of necessaries in a quasi-contractual case. 2) white-collar crime is the […]

1) the reduced sales of martha stewart branded goods at k-mart after she was accused of insider trading is an example of the strength of the profit maximization theory. 2) in order to be valid, a holographic will must be […]

1) there is/are no _____ for violating the provisions of the clayton act. a.injunctive relief b.treble damages c.cease-and-desist orders d.criminal penalties 2) which of the following has not been categorized as a suspect class? a.race and national origin b.alienage c.sexual […]

1) which of the following do a certified check and a cashiers check have in common? a.the bank is primarily liable on each. b.the bank is secondarily liable on each. c.both are drawn by the bank on itself. d.technically, the […]

1) an exclusive right to sell listing means that a broker receives a commission on a sale of the property even if the seller found the buyer. 2) the restatements are considered binding laws and are promulgated by the american […]

1) promoters are personally liable on a preincorporation contract but are released from liability when the corporation adopts the contract. 2) if a landlord has a lien towards the tenant, the landlord can remove or hold the property of the […]

1) abby promises to pay brian $50 if he will mow abbys lawn. brian does not promise to mow abbys lawn; however, later that day, brian completely and satisfactorily does mow abbys lawn. this is an example of a unilateral […]