A(n) ________ is established when one party licenses another party to use the first
party’s trade name, trademarks, commercial symbols, patents, copyrights, and other
property in the distribution and selling of goods and services.
A) proprietorship
B) franchise
C) implicit contract
D) general partnership
The ________ is a federal statute that permits a complainant to file an employment
discrimination claim against an employer within 180 days of the most recent paycheck
violation.
A) Civil Rights Act of 1968
B) Title II of GINA
C) Civil Rights Act of 1964
D) Lilly Ledbetter Fair Pay Act
Which of the following instances depict the tort of outrage?
A) A farmer’s crops are set on fire by an unidentified miscreant.
B) A gym teacher verbally abuses an overweight kid in every gym class and the kid
suffers severe emotional distress.
C) A cosmetics company uses Julia Roberts’ image without her consent to depict her as
its brand ambassador.
D) A beverage-manufacturer claims that its competitor uses coffee beans of poor
quality.
The ________ Act of 2010 is a federal statute that requires increased disclosure of
credit information and terms to consumers and regulates consumer credit providers and
others.
A) Fair Credit Billing
B) Consumer Leasing
C) Mortgage Reform and Anti-Predatory Lending
D) Consumer Financial Protection
Which of the following does Article 2A of the Uniform Commercial Code govern?
A) mixed sales
B) deposits
C) leases
D) letters of credit
Throughout Christianity, divine and natural laws have been issued in the form of
________.
A) edicts
B) conventions
C) novations
D) canons
Strikers walking in front of their employer’s premises while carrying signs announcing
the strike is known as ________.
A) occupying
B) picketing
C) locking out
D) boycotting
To be covered by the FMLA, an employee must ________.
A) have worked for the employer for at least three years
B) have performed more than 1,250 hours of service during the previous 12-month
period
C) not have claimed maternity leave in the past
D) be suffering from a serious physical injury or ailment
The owner of an LLC is called a ________.
A) general partner
B) limited partner
C) proprietor
D) member
In a fully disclosed agency, the contract is between ________.
A) a principal and an agent
B) a principal and a third party
C) an agent and a third party
D) a principal, an agent, and a third party
Martin, who wants to sell his house, authorizes his concierge, William, to find a
potential buyer and finalize a deal above a stipulated price. William contracts Chris, a
real estate broker, and intends him to only find a potential buyer and send him or her
over to William for the sale. Martin then contracts ReNowait Goodhouses, a home
improvement company, to renovate the house. ReNowait completes its work and Martin
pays the company. Chris then searches for a suitable buyer and finds one in George.
George buys the house and Chris is paid for his services. Who performs the role of the
agent in this land sale transaction?
A) William
B) Martin
C) Chris
D) George
A transfer of the right to the possession and use of real property for a set term in return
for certain consideration is known as a ________.
A) title transfer
B) lease
C) novation
D) deed
What was the key factor in the development of the English common law?
A) the development of forensic science in helping decide cases
B) the supremacy of the king and his intervening powers when deciding cases
C) the use of precedence of past cases for judges to decide present similar cases
D) the subjective decision making of judges when it came to similar cases
The ________ is the federal agency responsible for enforcing most federal
antidiscrimination laws.
A) EEOC
B) FEPA
C) ADEA
D) BFOQ
Which of the following courts are considered as the federal court system’s intermediate
appellate courts?
A) U.S. Courts of Appeals for Veterans Claims
B) U.S. courts of appeals
C) U.S. district courts
D) U.S. courts of federal claims
________ is a moral theory according to which people owe moral duties that are based
on universal rules.
A) Rawls’s social justice theory
B) Kantian ethics
C) Utilitarianism
D) Ethical fundamentalism
If a person lives in a house and pays rent on a monthly basis, which of the following
types of tenancy would that represent?
A) tenancy at will
B) tenancy at sufferance
C) life tenancy
D) periodic tenancy
Which of the following does the Money Laundering Control Act prohibit?
A) the use of mails or wires to defraud another person
B) knowingly engaging in a financial transaction involving the proceeds of an unlawful
activity
C) obtaining property from another, with his or her consent, induced by wrongful use of
actual or threatened force
D) the fraudulent conversion of property by a person to whom that property was
entrusted
Which of the following statements is true of patenting a scientific principle?
A) Patent for a scientific principle has to be applied for directly at the U.S. Court of
Appeals for the Federal Circuit.
B) A scientific principle can only be patented once a universal consensus has been
reached on its validity.
C) Patent for a scientific principle has to be applied for at the U.S. Patent and
Trademark Office.
D) A scientific principle can only be patented if it is a part of the tangible environment.
Mark Walton was involved in a car accident in which the airbag of his car failed to
deploy. He sued the car manufacturer for installing faulty airbags. But in the course of
the case being heard in court, the car company and Mark decided to settle the lawsuit
out of court. What important function of the law was served in this case?
A) promoting social justice
B) maximizing individual freedom
C) providing a basis for compromise
D) maintaining the status quo
Which of the following is true of national ambient air quality standards (NAAQS)?
A) The federal government has the right to enforce NAAQS if the states fail to do so.
B) State governments are responsible for setting standards for air quality in their
respective states.
C) Human beings are protected under the secondary level of NAAQS.
D) Only standards for oxides of elements and particulate matter are evaluated under
NAAQS.
Ben is a successful investment banker who earns $400,000 per year. Ben marries Elena,
a nurse at a county hospital. At the time of their marriage, Ben owns real estate worth
$1 million and securities worth $1.5 million, while Elena has no savings or property.
After four years, Ben and Elena opt for a divorce. Over the four years of their marriage,
Ben earns $400,000 in the first two years and $500,000 in the remaining two. Elena
earns $25,000 in the first three years and $150,000 in the final year of their marriage.
Their living expenses were $130,000 per year, and they have $1,450,000 of their
earnings saved in a bank account. During the marriage, Ben’s real estate increases in
value to $1.5 million, and his securities increase in value to $3 million. If Ben and
Elena file for divorce in a state that recognizes community property, what would be
Ben’s share of the real estate and securities holdings at the end of their marriage?
A) real estate worth $1 million and securities worth $1.5 million
B) real estate worth $500,000 and securities worth $2.5 million
C) real estate worth $1.5 million and securities worth $3 million
D) real estate worth $2.5 million and securities worth $2 million
Jamie is a lawyer who runs her own law firm and specializes in real estate law.
Raymond, a real estate developer, hires Jamie to represent him in the purchase of land.
Jamie is the ________.
A) principal
B) agent
C) third-party
D) independent contractor
The ________ is a general rule of corporate law that provides that generally,
shareholders are liable only to the extent of their capital contributions for the debts and
obligations of their corporation and are not personally liable for the debts and
obligations of the corporation.
A) limited-purpose clause
B) limited liability of shareholders
C) preferred shareholder rule
D) nonparticipating shareholder rule
A group of employees that a union is seeking to represent is known as a(n) ________
unit.
A) combined conciliation
B) appropriate mediation
C) collective negotiation
D) appropriate bargaining
Roland and Kelly were involved in a car accident in which Kelly was badly injured and
had to be hospitalized. After the accident was investigated, it was determined that
Roland’s negligence was the cause of the accident. He was charged with reckless
driving, a crime. In criminal proceedings, what course of action should Roland take to
prevent Kelly from using evidence of his guilt against him in a subsequent civil trial
seeking recovery for her injuries and hospital bills?
A) plead not guilty and go to trial
B) enter into a plea of nolo contendere
C) plead guilty and serve the punishment established by the government
D) enter into a plea bargain with the government, admitting guilt but receiving less
punishment in return for the plea
A person who jaywalks commits a ________.
A) misdemeanor
B) felony
C) violation
D) tort
Owners of a corporation who elect the board of directors and vote on fundamental
changes in the corporation are known as ________.
A) corporate officers
B) shareholders
C) registered agents
D) managing directors
The rule of reason is characterized by ________.
A) an automatic violation of Section 1 of the Sherman Act
B) an inherently anticompetitive nature
C) a lack of need for any evidence to deem the restraint unreasonable
D) an evaluation of the company’s market share, power, and other relevant factors
Which of the following is true of U.S. immigration law?
A) An H1-B visa is granted only to foreign nationals skilled in specialty occupations.
B) Individual applicants, and not employers, apply for H1-B visas.
C) H1-B visa holders cannot bring their dependent family members to the United
States.
D) H4 visa holders are allowed to work for minimum wage or more in the United
States.
Who is an agent?
A) a party who agrees to act on behalf of another
B) a party who employs another person to act on his or her behalf
C) a party who directs a worker under an express or implied contract of employment
D) a party who receives the services of another for remuneration
Which of the following is the first step in registering a domain name?
A) determining whether any other party already owns the name
B) determining if the name does justice to the image of the company or individual
C) finding an extension that attracts maximum web traffic
D) enrolling with a service provider to host the website
________ is a process that establishes the right of a secured creditor against other
creditors who claim an interest in the collateral.
A) Disposition of collateral
B) Retention of collateral
C) Perfection of a security interest
D) Repossession of a security interest
________ is one of the two principles of Kantian ethics according to which the actor
must abide by the rule he or she uses to judge the morality of someone else’s conduct.
Give an account of state antitrust laws.
________ occurs when a company employee or company advisor uses material
nonpublic information to make a profit by trading in the securities of the company.
The ________ is a federal agency that is empowered to inspect places of employment
for health hazards and safety violations.
The ________ protects both sexes from pay discrimination based on sex.
What is the passage of title to goods?
________ refers to the knowledge that a representation is false.
A(n) ________ deed contains the greatest number of warranties and provides the
highest level of protection to a grantee.
The disposal of new hazardous wastes is regulated by the ________ Act.
The ________ is an independent federal administrative agency empowered to conduct
research on the safety of consumer products.
A requirement that a greater than majority of shares constitutes a quorum of the vote of
the shareholders is known as the ________ requirement.
Title I of the ADA requires employers to make ________ to assist employees with
disabilities that do not cause undue hardship to the employer.
The ________ Act exclusively governs suits against foreign nations that are brought in
federal or state courts in the United States.
Outline the priority of claims in secured and unsecured transactions.
A company operating its business as a(n) ________ cannot have more than 100
shareholders.