If, rather that have the interest after the life estate go to a third party, the grantor dictates
that the interest is to return to the grantor, this is _____.
A.life estate
B.estate for years
C.reversion
D.remainder
What is a gifts causa mortis’?
A.A gift that is sold by the donee to someone else
B.A completed gift which is taken back by the donor
C.A conditional gift where the donor gives a gift to the donee because the donor is
contemplating the possibility of death
D.A gift given by a donor with an expectation of receiving some consideration in return
Bargaining in good faith means:
A.that one party must agree to the other party’s proposal.
B.that a party can refuse a proposal without seriously considering it.
C.that a party can continually miss negotiation meetings.
D.that a party must provide necessary information to support their bargaining proposals.
Which of the following documents alleges that rather than or in addition to the harm the
defendant may have caused the plaintiff, the plaintiff has instead or also harmed the
defendant?
A.Motion
B.Counterclaim
C.Cross-claim
D.Affirmative defense
Legal bases for the lawsuit are called _____.
A.depositions
B.motions
C.summons
D.causes of action
James has taken a loan of $10,000 from a bank with Julia and Robert as his sureties.
Once the money becomes due, Julia seeks an order from the court ordering James to
pay. In this example, Julia has used her right of ___.
A.reimbursement
B.exoneration
C.contribution
D.subrogation
Which of the following is most likely to be an example of assault?
A.Making gestures as if to hit the victim’s new car with a sledgehammer.
B.Ben threatens Ron, “I’ll beat you up when you come to school tomorrow.”
C.Anna points a gun at Vanessa.
D.Delko leaves a note in Keith’s car, “I will burn your can if I see it here again.”
When going public, full compliance with the Securities Act of 1933 involves the filing
of a(n) _____ with the SEC.
A.incorporation agreement
B.compliance statement
C.terms of agreement
D.registration statement
With reference to the Clean Air Act, the Environmental Protection Agency has the
authority to issue _____ for minor violations and to assess fines.
A.riparian actions
B.littoral citations
C.administrative citations
D.administrative enforcement actions
Which of the following is one of the defenses to intentional tort?
A.The tort was committed in defense of self or others.
B.The plaintiff contributed to the injury by doing a negligent act him- or herself.
C.The tortfeasor did not have the intent to harm.
D.The tortfeasor was as careful as possible.
A _____ is a legal document that gives title to the property to the owner.
A.will
B.summons
C.covenant
D.deed
According to the shopkeeper’s rule, a shopkeeper can:
A.use assault against a suspected shoplifter.
B.file a case against a suspected shoplifter.
C.detain a suspected shoplifter.
D.use defamation against a suspected shoplifter.
This federal law enacted in reaction to a number of major corporation and accounting
scandals. The Act established new standards for all U.S. company boards of directors,
management, and accounting firms. Identify the federal law in the discussion.
A.Congressional Accountability Act
B.McKinney-Vento Act
C.Regulatory Flexibility Act
D.Sarbanes-Oxley Act
Which of the following collaterals include literary rights, rights to performance of a
contract, patents, trademarks, and copyrights?
A.General intangibles
B.Chattel paper
C.Instruments
D.Goods
Samantha Jones, owner and CEO of Jones Industries, is faced with the task of thwarting
the formation of a union by her employees. In brainstorming about how to respond,
Samantha thinks a straightforward attack on the union would be ideal and threatens to
fire anyone who is caught discussing the union. In this situation:
A.Samantha’s act would be considered a fair labor practice under the revised National
Labor Relations Act.
B.Samantha is not liable for an unfair labor practice because she only made a threat and
didn’t actually fire anyone.
C.Samantha act would be regarded as an unfair labor practice under the Employee Free
Choice Act.
D.Samantha’s act would amount to an unfair labor practice because it interfered with
the employees’ legal rights of forming a labor union.
A _____ is protected under the Lanham Act and is used to indicate that certain goods or
services originated in a particular region, or that they are of a particular nature, quality,
or characteristic, or that they were produced by a member of a particular organization.
A.patent
B.certification mark
C.copyright
D.trade name
An Illinois man sues Kraft Foods Inc. claiming he found a rodent tooth in a package of
Planters peanuts. This event is based on claims of _____.
A.palming off
B.defamation
C.negligence
D.false light
Palming off is sometimes known as _____.
A.passing off
B.outrageous conduct
C.injurious falsehood
D.disparagement
Which of the following statements is true for cartels?
A.Their purpose is to try to control prices through control of the output.
B.They are prohibited under §2 of the Sherman Act.
C.They are most successful when they have a large number of members.
D.They are a way to attain vertical price fixing.
Which of the following statements best describes the tort appropriation of name or
likeness?
A.Using someone’s name or photo, usually in an advertisement, without his or her
permission
B.Intentionally publishing something that puts another in an unfavorable or untruthful
light, though it is true
C.Intentionally intruding into a space someone has a right to consider private
D.Widely disseminating information about someone which, though true, is highly
private and need not be publicized
The domain name _____ is used by international organizations established by treaty.
A..int
B..edu
C..net
D..com
Which of the following is protected under the copyright act?
A.Procedure
B.Blank form
C.Story idea
D.Barbie’s eyes
The one who makes a will is called a _____.
A.testator
B.tenant
C.donor
D.grantor
Strikes which are not authorized by the union are considered illegal if:
A.they strike for economic reasons rather than for unfair labor practices.
B.they force the employer to deal with the employees rather than the union.
C.they are merely to make a statement of some sort.
D.they impose the will of the minority rather than the majority.
A _____ is determined by looking at like products in a particular market.
A.demographic market
B.labor market
C.geographic market
D.product market
A Chapter 13 bankruptcy is also called a ___.
A.liquidation plan
B.reorganization bankruptcy
C.strategic bankruptcy
D.wage earner’s plan
With reference to the federal government, which of the following is true regarding a
system of checks and balances?
A.Only one of the branches is given all the authority.
B.All the branches of the government are given equal authority.
C.All the branches of the government operate independent of each other.
D.It ensures that government policies are not reached without the input of the other
branches.
Which of the following is an example of an administrative agency?
A.Environmental Protection Agency
B.National Labor Relations Board
C.CIA
D.FBI
Which of the following types of federally protected intellectual property protects
authors, illustrators, photographers, musical composers?
A.License
B.Trademark
C.Patent
D.Copyright
Most business crimes are referred to as _____ crimes.
A.blue collar
B.violent
C.white collar
D.hidden
The most important duty of the principal toward his agent is to:
A.indemnify the agent for expenses incurred within the scope of the agency.
B.compensate the agent according to the terms of the contract.
C.maintain a relationship of trust and confidence.
D.act with reasonable skill and care.
Which of the following statements is true regarding trade secrets?
A.Mere ideas can be protected as trade secrets.
B.Trade secrets require novelty or nonobviousness to be protected.
C.A compilation of information that is used in one’s business is an example of a trade
secret.
D.Trade secret law prevents others from acquiring the trade secret through reverse
engineering.
Discuss the fair-use doctrine in the context of copyrighting.
Discuss sole proprietorship.
What are the two sets of laws that govern contracts?
Discuss briefly the Copyright Reform Act of 1976.
What is a mislaid property? Who can claim it?
What is a bona fide occupational qualification?
What is a counterclaim?
What is entrenchment?
Define an agent.
What is the major difference between original jurisdiction and appellate jurisdiction?
List the various ways in which a person can acquire title to personal property.
Discuss the importance of pretrial.
In the case of an agency relationship, what are the various reasons due to which
termination of authority can occur by operation of law?
List the various factors that result in the termination of the offer.
Describe briefly the functions performed by the following administrative agencies:
Federal Trade Commission, EEOC, and National Labor Relations Board.