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In today's world, many business leaders find it difficult to create an "ethical tone" that
deters unethical conduct in their workplaces.
A close corporation can operate as an S corporation.
The test for whether an advertisement is deceptive is whether a reasonable consumer
would be deceived.
The judicial branch exercises control over administrative agencies through its review of
agency actions.
A court can refuse to enforce a contract that the court deems to have been
unconscionable at the time it was made.
An Internet service provider cannot be held liable for disseminating others' defamatory
remarks.
Any conspiracy that has a substantial effect on U.S. commerce is within the reach of the
U.S. antitrust laws.
On a partner's dissociation, his or her right to participate in the management and
conduct of the business terminates.
A testator is a personal representative named in a will.
Only the states set safety standards governing workplaces.
An instrument that promises to pay "in Microsoft stock" can be negotiable.
Persons whose names appear in a corporation's stock book are ordinarily entitled to
notice of shareholders' meetings and the right to vote.
If the assets in a debtor's estate in bankruptcy are insufficient to pay fully all creditors,
the debtor is liable for the difference.
A tenant is a lessor.
Under their police powers, states can regulate only public activities, such as political
demonstrations.
On a lessee's insolvency, the lessor can stop delivery of the goods.
The crime of theft requires the taking of property, without regard to whether the
perpetrator knew it belonged to another.
The Civil Rights Act of 1964 prohibits job discrimination on the basis of experience.
A closing argument is a statement by a party that results in a summary judgment in that
party's favor.
Nero is an elderly man who lives with his nephew Mervyn. Nero is dependent on
Mervyn for support. Mervyn advises Nero to "invest" in Mervyn's "professional
gambling" venture, or Mervyn will no longer support him. Nero liquidates his other
investments and signs a contract with Mervyn, to whom Nero gives the funds. Can
Nero set aside this contract?
