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Representative Pete Stark said the following in a speech on the floor of the U.S. House of Representatives, “You”re going to spend it to blow up innocent people if we can get enough kids to grow old enough for you […]

Sanctions that can be imposed by agencies include: a. injunctions. b. fines. c. loss of license. d. all of the above Which of the following is not an ethical breach? a. taking things that do not belong to you b. […]

The prohibitions on sex discrimination apply only to: a. job hiring decisions. b. promotions. c.wage increases. d.a, b, and c e. none of the above Russ Belmont is a staff accountant at a bank in the downtown Phoenix area. Belmont […]

The Family Medical and Leave Act: a. provides for twelve weeks of paid leave for family medical issues. b. applies only to birth or adoption issues. c.is an optional federal program. d.none of the above “That’s the way it has […]

Nuisance is a common law anti-pollution doctrine. a. True b. False Partners’ personal assets can be reached by partnership creditors. a. True b. False Answer: True Close corporations have less formality in their operational requirements. a. True b. False Answer: […]

The Sherman Act does not apply unless sales across state lines are involved. a. True b. False Which of the following acts established the NPDES system? a. Water Pollution Control Act of 1948 b. Water Quality Act c.Rivers and Harbors […]

Sovereign immunity provides that our court system cannot be used to right injustices in other countries. a. True. b. False The Antitrust Improvements Act gave the Justice Department broader investigative authority. a. True b. False Answer: True The Clayton Act […]

The USA Patriot Act: a. has been declared unconstitutional. b. expanded the Money Laundering Control Act. c. applies only to banks. d.none of the above Conscious parallelism negates market forces. a. True b. False Answer: True The Rehabilitation Act of […]

Penalties for corporate officers under Sarbanes-Oxley include: a. 5-20 years for mail and wire fraud. b. 1-10 years for violation of fiduciary duties. c. a maximum penalty of $5,000. d.both a and b Galley, Inc.has a contract for operating the […]

Which of the following sections of the U.S. Constitution establishes the judicial branch of government? a. Article I b. Article II c. Article III d. none of the above Sarbanes-Oxley requires all covered companies to have a code of ethics […]

Implied contracts are unenforceable. a. True b. False Ellen Benson has been operating a small catering business out of her home. Business growth is now requiring an office and kitchen facilities. Before expanding facilities, Ellen wishes to incorporate her business. […]

Under the CISG, acceptance is effective only upon receipt. a. True b. False Rationalization is an effective means of analysis for ethical issues. a. True b. False Answer: False UETA does not apply when there is an applicable statute of […]

ERISA was passed to regulate employee pension and retirement plans. a. True b. False When the UTSA does not apply, recovery for taking a trade secret: a. does not exist. b. may exist for breach of loyalty. c.may exist for […]

Which of the following statutes was the first federal antitrust statute? a. Clayton Act b. Sherman Act c.Federal Trade Commission Act d.none of the above The implied warranty of merchantability (unless disclaimed) is given in every sale of goods by […]

South Dakota is the location for many national banks’ credit card operations. How much income tax could the state of South Dakota collect on the banks that operate their credit card divisions there? a. South Dakota could collect tax on […]

A monopsony is the same thing as a monopoly. a. True b. False Which is a requirement for establishing apparent authority? a. underlying express authority b. an agency agreement c.both a and b d.none of the above Answer: d The […]

Which of the following reports the opinions of federal district courts? a. FederalSupplement b. FederalReporter c.Federal district court opinions are not reported. d.none of the above Scalping ordinances are an example of criminal laws. a. True b. False Answer: True […]

Resale price maintenance occurs when: a. the manufacturer suggests retail price. b. minimum prices are enforced. c.consignment arrangements control prices. d.all of the above All WTO members follow the 20-year period of patent protection. a. True b. False Answer: True […]

Jane Eyring works for PharmaMeds, Inc.Jane is a physician-scientist who is responsible for running the pilot tests on PharmaMed’s new oral spray medication for individuals with adult onset diabetes. Jane has discovered that if those in the test group do […]

The implied warranty of fitness for a particular purpose requires reliance by the buyer on the seller’s expertise. a. True b. False Agents are liable to principals for negligence in performing their duties. a. True b. False Answer: True Limited […]

The U.S. Department of Agriculture (USDA) approved an application from Monsanto to plant genetically engineered alfalfa seeds that resist Monsanto’s Roundup herbicide. Several environmental groups brought suit to stop the planting because the USDA did not complete an EIS in […]

Predatory pricing is: a. pricing below cost. b. per se illegal. c.price discrimination. d.none of the above Which of the following is not an element of the crime of embezzlement? a. intent to take property b. taking property permanently c. […]

Most companies have its employees sign non-disclosure agreements to try to insure silence when the employee no longer works there. a. True b. False A horizontal merger is a merger among competitors. a. True b. False Answer: True The Corruptions […]

Foreign businesses engaging in commercial activity in the United States are not subject to U.S. antitrust laws. a. True. b. False Corporations cannot make political contributions because of First Amendment constraints. a. True b. False Answer: False In mediation, the […]

The Family Medical and Leave Act provides twelve weeks of paid leave in certain circumstances. a. True b. False A summons is served on a defendant and a subpoena is served on a witness. a. True b. False Answer: True […]

Which of the following phrases is an express warranty? a. “boned chicken” b. “Maine’s finest” c.”Best in the West” d.All of the above are express warranties. The Fair Labor Standards Act is often called the minimum wage law. a. True […]

Citations are a form of legal shorthand for referring to statutes, ordinances, and cases. a. True b. False When Hilton Hotels hired Ross Klein and Amar Lalvani from Starwood Hotels, Klein and Lalvani took many electronic documents with them from […]

Janet Kennedy has received a letter in the mail from BISA International, a credit card firm. The letter describes the card as follows: “This card is yours for only a small annual fee that is billed to your account. There […]

Goods sold by an authorized dealer beyond the dealer’s authorized territory or quantity are: a. knockoff goods. b. gray market goods. c.infringed goods. d.none of the above The Sotheby’s Christie’s case illustrates, among other things, that companies will sacrifice its […]

Insider trading rules apply to information exchanged over the Internet and chat rooms. a. True b. False SOX is the shorthand for the Sarbanes-Oxley business crime legislation. a. True b. False Answer: True Under federal law, ISPs are not permitted […]

Sarbanes-Oxley is the most extensive regulation of companies since the 1933 and 1934 Securities laws. a. True b. False The Americans with Disabilities Act applies to all employers. a. True b. False Answer: False Enforcement of federal administrative regulations: a. […]

Arleen Ray is starting a new business. She will operate a children’s clothing store and will need to cover the store with sales help from 10:00 AM to 9:00 PM Monday through Friday and from 1:00 PM to 6:00 PM […]

Which of the following is correct? a. The merger proposed is a vertical one. b. The merger proposed is a horizontal one. c.The merger is simply an asset acquisition. d.The merger is exempt under the failing company doctrine. Lowe’s advertised […]

Both formal and informal rulemaking processes include public hearings. a. True b. False Under the FOIA, agencies are not permitted to charge for copying costs. a. True b. False Answer: False The assignment of limited partnership interests: a. is prohibited […]

The Oil Pollution Act creates a trust fund for oil spill cleanup. a. True b. False Which of the following is correct about inpersonamjurisdiction? a. The courts of Missouri would have jurisdiction over the case because Bassett did business on […]

The Pension Reform Act requires all employers to have pension plans for their employees. a. True b. False Notice of a proposed federal regulation in The Federal Register need not contain: a. the name of the proposing agency. b. the […]

Which of the following terms is not an express warranty? a. “nonskid” b. “nonbreakable” c.”shelled” d.All of the above are express warranties. Under SarbanesOxley, audit committees of publicly held companies’ boards need not be made up of independent members so […]

“Jordache” was a trademark for designer jeans that were popular in the 1980s. A manufacturer that produced jeans for largersized women named their jean product “Lardashe” and used a smiling pig as part of its logo with its name. The […]

Once a U.S. company has a registered trademark in the United States, it can register that trademark in the 60 other countries who are signatory countries of the Madrid Protocol. a. True b. False Upon termination of both limited and […]

Which is not a role administrative agencies play? a. rule making b. enforcement c. adjudication d. Administrative agencies play all of the above roles. Closing arguments are: a. presented by the judge. b. part of the jury instructions. c.presented by […]

Jim Ream is a freshman at Woise State. Jim is a computer whiz and has found a way to download movies from DVDs and then transfer the files to others. “But, Jim,” you tell him, “that Grokster thing made all […]

Under CARD, colleges and universities must: a. disclose financial relationships with the credit card companies. b. provide debt counseling for students. c.limit locations for student solicitation for credit cards. d.do all of these. Which of the following is not an […]

The “likelihood of confusion” standard is used: a. in copyright cases. b. in patent cases. c.in trademark infringement cases. d.none of the above Only consumers have rights of comment during the public comment period. a. True b. False Answer: False […]

Which of the following is correct about Lakes’ policy on Facebook access? a. The monitoring may be overly broad. b. The monitoring may be prohibited in certain states. c.The monitoring policy may not fit within current legal standards. d.The monitoring […]

There can be infringement of patents, copyrights, trademarks, trade names and trade dress. a. True b. False McCain-Feingold refers to the Bipartisan Campaign Reform Act of 2002. a. True b. False Answer: True Warrants are not required in cyberspace. a. […]

Competition among Colgate, Crest, and Aim toothpastes is: a. intrabrand competition. b. interbrand competition. c.controllable through resale price maintenance. d.none of the above Express warranties cannot be disclaimed. a. True b. False Answer: True Directors A and B of a […]

Unemployment benefits are not collectable when: a. an employee leaves a job voluntarily because of pregnancy. b. an individual is involuntarily terminated from his/her job. c.you are seeking employment. d.none of the above Rent-a-judge hearings are private hearings arranged by […]

Business ethics provides a guarantee of profitability. a. True b. False With respect to the facts in number 80, the newspaper ad: a. is an offer. b. is not an offer. c.is a merchant’s firm offer. d.cannot be revoked. e. […]

A suit against Wal-Mart alleges that only 14% of its store managers are women, but 70% of its hourly workers are women and 85-90% of its customer service managers are women. What will the plaintiffs need to establish that Wal-Mart […]

“Negligence in the air” is the standard of liability the Palsgrafcase established. a. True b. False The Superfund is available to private citizens through the filing of a lawsuit. a. True b. False Answer: False Specific performance is an equitable […]

To obtain the protections and benefits of the sentencing guidelines, companies must have some form of anonymous reporting. a. True b. False Title VII discrimination provisions apply only to employers with 50 or more employees. a. True b. False Answer: […]

Which of the following is not a purpose of law? a. keeping order b. influencing conduct c.promoting equality d.providing compromises e. All of the above are purposes of law. Which of the following parties would be liable for the clean-up […]

The above book contract must be in writing to be valid. a. True b. False Transmission of an NFL game to Canada by satellite is a violation of United States copyright laws. a. True b. False Answer: True The EPA […]

If a company challenges a penalty imposed by an administrative agency, which of the following is the correct order for its appeal? a. ALJ, agency commissioners, judicial challenge b. judicial challenge, ALJ, agency commissioners c. agency commissioners, ALJ, judicial challenge […]

Which of the following defenses to negligence serves as a complete bar to recovery? a. comparative negligence b. contributory negligence c.both a and b d.none of the above What might explain why the restaurant isn”t named in the lawsuit? a. […]

KEYWORDS: Bloom‘s: Knowledge ANSWER: True POINTS: 1 DIFFICULTY: Easy NATIONAL STANDARDS: United States – BUSPROG: Analytic STATE STANDARDS: United States – OH – AICPA: BB-Legal TOPICS: Classifications of Law 1. Violations of civil laws can result in imprisonment. a. True […]

66. Phil‘s Corner Mart is a convenience store and gasoline station. A representative from the Environmental Protection Agency (EPA) has just notified Phil that there is some leakage from his underground gasoline storage tanks. The EPA representative explains to Phil […]

a. True b. False ANSWER: POINTS: DIFFICULTY: NATIONAL STANDARDS: STATE STANDARDS: TOPICS: KEYWORDS: False 1 Moderate United States – BUSPROG: Analytic United States – OH – AICPA: BB-Legal Appropriation and Other Forms of Unfair Competition in Cyberspace Bloom’s: Comprehension 1. […]

37. Employees are not required to give consent to employer access to their e-mails under the Stored Communications Act. a. True b. False 38. An employee who uses his or her company e-mail system to communicate privately with his or […]

64. A National Pollution Discharge Elimination Permit: a. permits the holder to discharge pollutants at its point source. b. permits the holder to discharge toxic pollutants. c. permits the holder to discharge pollutants after pretreatment. d. permits the discharge of […]

KEYWORDS: Bloom‘s: Knowledge ANSWER: True POINTS: 1 DIFFICULTY: Easy NATIONAL STANDARDS: United States – BUSPROG: Analytic STATE STANDARDS: United States – OH – AICPA: BB-Legal TOPICS: Air Pollution Regulation 1. SIPs are state plans for implementation of air quality standards. […]

1. Contracts for the sale of real property are governed by the Uniform Commercial Code. a. True b. False 2. The Restatement of Contracts is another name for the UCC. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy […]

66. The language “I offer to sell you my 1974 White Ford Torino” is: a. a valid offer. b. not a valid offer because it lacks a definite price. c. not a valid offer because there are no terms for […]

106. The liability limitation for credit card holders who report a loss or theft is $50. a. True b. False 107. A credit card applicant can be solicited without disclosure of the card’s terms. a. True b. False ANSWER: False […]

1. A contract with a minor is voidable at the minor’s option. a. True b. False 2. A contract with a party who has been declared incompetent is voidable. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy NATIONAL […]

70. A minor‘s right to disaffirm a contract is conditioned on: a. the ability to return the contract consideration. b. whether the minor misrepresented his/her age. c. a time limit of six months. d. none of the above 71. Which […]

113. The failure to make a timely investigation into a consumer’s question about his/her credit report is a violation of the FCRA. a. True b. False 114. There is a three-day rescission period on home equity loans. a. True b. […]

KEYWORDS: Bloom‘s: Application ANSWER: d POINTS: 1 DIFFICULTY: Moderate NATIONAL STANDARDS: United States – BUSPROG: Analytic STATE STANDARDS: United States – OH – AICPA: BB-Legal TOPICS: Negligence: A Second Tort for Product Liability 65. Privity in negligence product liability cases […]

1. Caveat emptor is a Latin term meaning “let the buyer beware.” a. True b. False 2. Today, courts follow a policy of caveat emptor in handling product liability cases. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy […]

104. Arrion McClellan was using an underarm–aerosol deodorant one morning while smoking a cigarette. The deodorant had this warning in large letters on the side of the can: “DO NOT USE AROUND HEAT, FLAME OR WHILE SMOKING.” The deodorant ignited […]

55. Goods sold by an authorized dealer beyond the dealer‘s authorized territory or quantity are: a. knockoff goods. b. gray market goods. c. infringed goods. d. none of the above 56. Registration of a trademark in a Madrid member country […]

1. All WTO members follow the 20-year period of patent protection. a. True b. False 2. Developing a process to extract new matter for other uses from existing matter is patentable. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: […]

1. Covenants not to compete are illegal per se. a. True b. False 2. Covenants not to compete cannot be used in agreements for the sale of businesses. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy NATIONAL STANDARDS: […]

121. Coca-Cola, Inc. and PepsiCo, Inc. have only one distributor each in the Phoenix area. The Phoenix market is an intensely competitive soft drink market with prices being among the lowest in the nation. A local restaurateur has requested a […]

72. Manufacturers who refuse to deal with retailers who do not charge a suggested retail price have committed a per se violation of the antitrust laws. a. True b. False 73. Manufacturers who refuse to deal with discount houses have […]

1. The presence of a master–servant relationship determines whether or not a principal must pay wage taxes and withhold income taxes. a. True b. False 2. In a master/servant relationship, the principal exercises little control over the agent. a. True […]

94. Jan hires Duncan to act as her agent in acquiring some property for the development of a new subdivision she is planning that will be an elegant planned community. Jan instructs Duncan that he is not to say he […]

68. If the act of an agent is ratified: a. there is retroactive authority for the act. b. the principal has agreed to allow the agent to be liable. c. the agent then has express authority for that act in […]

75. Enron’s off-the-book financings consisted mostly of LLCs and LLPs. a. True b. False 76. Close corporations are generally publicly traded. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Moderate NATIONAL STANDARDS: United States – BUSPROG: Analytic – BUSPROG: […]

KEYWORDS: Bloom‘s: Knowledge ANSWER: d POINTS: 1 DIFFICULTY: Moderate NATIONAL STANDARDS: United States – BUSPROG: Analytic – BUSPROG: Analytic STATE STANDARDS: United States – OH – AICPA: BB-Legal TOPICS: Limited Liability Companies 115. When shareholders get to vote on executive […]

a. True b. False ANSWER: POINTS: DIFFICULTY: NATIONAL STANDARDS: STATE STANDARDS: TOPICS: KEYWORDS: False 1 Moderate United States – BUSPROG: Analytic – BUSPROG: Analytic United States – OH – AICPA: BB-Legal Partnerships Bloom‘s: Comprehension 1. There are no formal requirements […]

1. The states did not have federal legislation prior to the time of the federal securities laws. a. True b. False 2. A primary offering is a first-time offering of shares for sale. a. True b. False ANSWER: True POINTS: […]

POINTS: DIFFICULTY: NATIONAL STANDARDS: STATE STANDARDS: TOPICS: KEYWORDS: 1 Moderate United States – BUSPROG: Analytic – BUSPROG: Analytic United States – OH – AICPA: BB-Legal Shareholder Rights in Takeovers, Mergers, and Consolidations Bloom‘s: Knowledge ANSWER: b 127. What does the […]

79. Shareholders who solicit proxies need not comply with Section 14 of the 1934 Act. a. True b. False 80. If the earnings of a company are revealed to be false, the officers who earned bonuses based on these earnings […]

1. Business ethics provides a guarantee of profitability. a. True b. False 2. Unethical behavior is not necessarily illegal behavior. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy NATIONAL STANDARDS: United States – BUSPROG: Ethics STATE STANDARDS: United […]

71. Which of the following is not a consequence of poor ethical choices by company? a. loss of reputation b. loss of earning power c. additional regulation d. All of the above are consequences of poor ethical choices. 72. A […]

KEYWORDS: Bloom‘s: Knowledge ANSWER: False POINTS: 1 DIFFICULTY: Easy NATIONAL STANDARDS: United States – BUSPROG: Analytic – BUSPROG: Analytic STATE STANDARDS: United States – OH – AICPA: BB-Legal TOPICS: The Fair Labor Standards Act (FLSA) 1. The Fair Labor Standards […]

73. ERISA: a. requires all employers to have a pension plan. b. dictates the types of investments employers can make with pension plan funds. c. regulates employer-sponsored pension funds. d. none of the above 74. Overtime pay provisions: a. do […]

65. The prohibitions on sex discrimination apply only to: a. job hiring decisions. b. promotions. c. wage increases. d. a, b, and c e. none of the above 66. Title VII is not applicable to: a. professional positions. b. merit […]

1. The Equal Pay Act addressed only the issue of wage discrimination. a. True b. False 2. Sex discrimination complaints are the most common type of employment discrimination complaints. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Easy NATIONAL […]

1. A trial court generally has three judges who preside in a case. a. True b. False 2. An appellate court‘s role is to take additional evidence after a trial has ended. a. True b. False ANSWER: False POINTS: 1 […]

NATIONAL STANDARDS: STATE STANDARDS: TOPICS: KEYWORDS: United States – BUSPROG: Analytic United States – OH – AICPA: BB–Legal The Federal Court System Bloom‘s: Comprehension ANSWER: c POINTS: 1 DIFFICULTY: Easy 70. In which of the following courts would a trial […]

KEYWORDS: Bloom‘s: Comprehension ANSWER: True POINTS: 1 DIFFICULTY: Moderate NATIONAL STANDARDS: United States – BUSPROG: Analytic STATE STANDARDS: United States – OH – AICPA: BB-Legal TOPICS: The Complaint 1. A lawsuit begins with the filing of a complaint or petition. […]

114. Sanctions for discovery abuse: a. are payments or a type of fine or penalty for not disclosing evidence. b. are unconstitutional. c. cannot include cash payments. d. none of the above 115. Investment banker, Frank Quattrone, sent an e-mail […]

75. A counterclaim is: a. made by a defendant. b. part of the complaint. c. part of the interrogatories. d. none of the above 76. A default results when: a. the plaintiff fails to serve a summons. b. the defendant […]

1. Article I of the U.S. Constitution establishes the executive branch of government. a. True b. False 2. Article III of the U.S. Constitution establishes the judicial branch of government. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy […]

95. Which areas of commercial speech are fully and constitutionally regulated? a. political donation b. corporate campaigns on issues with referenda c. speech on social issues d. All of the above are fully and constitutionally regulated. 96. Jamie has been […]

63. Corporate political speech: a. enjoys full First Amendment protection. b. can be regulated. c. can be prohibited. d. none of the above 64. A new statute passed by the state of Vermont prohibits the sale of any maple syrup […]

KEYWORDS: Bloom‘s: Comprehension ANSWER: a POINTS: 1 DIFFICULTY: Moderate NATIONAL STANDARDS: United States – BUSPROG: Analytic STATE STANDARDS: United States – OH – AICPA: BB-Legal TOPICS: Freedom of Information Act (FOIA) 71. Enabling acts: a. are regulations of administrative agencies. […]

KEYWORDS: Bloom‘s: Knowledge ANSWER: True POINTS: 1 DIFFICULTY: Easy NATIONAL STANDARDS: United States – BUSPROG: Analytic STATE STANDARDS: United States – OH – AICPA: BB-Legal TOPICS: What are Administrative Agencies? 1. Before administrative agencies’ rules become law, there must be […]

106. What is the effect of a consent decree? a. The agency’s charges are dismissed with no sanctions. b. The party makes no admissions as to conduct. c. There is still judicial appeal from a consent decree. d. It is […]

53. The government of Argentina has taken over all the country’s banks. No compensation has been paid. Some U.S. citizens and businesses had accounts in the banks. Absent treaty provisions the takeover: a. can be set aside by a U.S. […]

1. The U.S. system of law is based primarily on code law. a. True b. False 2. NATO is the result of a multilateral treaty. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy NATIONAL STANDARDS: United States – […]

KEYWORDS: Bloom‘s: Knowledge ANSWER: True POINTS: 1 DIFFICULTY: Easy NATIONAL STANDARDS: United States – BUSPROG: Analytic STATE STANDARDS: United States – OH – AICPA: BB-Legal TOPICS: Computer Crime 1. Embezzlement is theft by an employee. a. True b. False ANSWER: […]

POINTS: DIFFICULTY: NATIONAL STANDARDS: STATE STANDARDS: TOPICS: KEYWORDS: 1 Moderate United States – BUSPROG: Analytic United States – OH – AICPA: BB-Legal Racketeer Influenced and Corrupt Organization Act (RICO) Bloom’s: Application ANSWER: a 61. The omnibus hearing is: a. the […]

104. A retail store: a. has no duty to protect customers from criminal conduct by third parties. b. owes its customers duties as licensees. c. owes its customers duties as invitees. d. need not protect its customers against problems it […]

1. A tort is a private wrong carrying criminal penalties. a. True b. False 2. Slander is oral defamation. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy NATIONAL STANDARDS: United States – BUSPROG: Analytic STATE STANDARDS: United States […]

72. Defamation cannot exist in cyberspace because there is no evidence that someone heard or understood the statements. a. True b. False 73. Which of the following statements would qualify for a defamation action (assuming the statement is false)? a. […]

When a case is remanded, the lower court must conduct additional proceedings. a. True b. False Under Sarbanes-Oxley, current employees are not considered independent for purposes of board structure. a. True b. False Answer: True There are both federal and […]

A witness in a high profile criminal trial is a public figure. a. True b. False The SEC prohibits an analyst from issuing a report that is contrary to the analyst’s true opinion about a security. a. True b. False […]

How would the city have discovered the PCE on the property prior to its valuation for condemnation? a. Through inspection of the property and the presence of a dry-cleaning establishment. b. Through land records tracing ownership of the dry-cleaning establishment. […]

The CISG: a. is the contract law of the EU. b. is part of GATT. c. was drafted by a commission of the United Nations. d. has been adopted in virtually every nation. The solicitation of credit card customers is […]

What authority would the state of Arizona claim for passing a mandatory seat belt law requiring anyone traveling in Arizona to put on his/her seat belt? a. preemption clause b. police power c. the nexus power d. none of the […]

Transfer restrictions: a. must be noted on the stock to be valid. b. are generally valid only in family-owned corporations. c.cannot be used to satisfy SEC restrictions. d.none of the above The EPA’s emissions offset policy: a. is used in […]

Limitations on bidding are permitted in professional bids such as in architecture and service contracts. a. True b. False An agreement among competitors for elimination of bidding is a violation of federal antitrust laws. a. True b. False Answer: True […]

Who conducts cross-examination when the defendant is presenting its case? a. the defendant because the defendant always does cross-examination b. the plaintiff c.the judge because the burden of proof has shifted d.none of the above Early neutral evaluation is a […]

Sexual harassment is a form of interpersonal as well as organizational abuse. a. True b. False Anna feels, after negotiating her first few plumbing contracts, that there is a pricing conspiracy involving other plumbing contractors that keeps her from really […]

RICO applies only to repeat offenders. a. True b. False Misuse of a product is a defense in a product liability suit. a. True b. False Answer: True Which of the following is not required for the articles of incorporation? […]

Voirdireis: a. the process for screening prospective jurors. b. the same as venue. c.used if peremptory challenges are planned. d.the same as a judgment NOV. e. none of the above The Norris-LaGuardia Act is: a. also known as the Anti-Injunction […]

Interrogatories are given under oath. a. True b. False The corporate sentencing guidelines provide a mathematical formula for determination of corporate sentences for crimes. a. True b. False Answer: True If privacy is an important requirement for resolution of a […]

The term “AS THEY STAND” serves to disclaim: a. the implied warranty of merchantability. b. the implied warranty of fitness for a particular purpose. c.both a and b d.none of the above unless it is in writing A primary offering […]

Most-favored-nation status is: a. part of the GATT treaty. b. part of United States’ trade policy only. c. is only part of EU governance. d. none of the above Federal agencies are exempt from Title VII. a. True b. False […]