The shape of a Coca-Cola bottle is protected with the help of a _____.
A.copyright
B.patent
C.trademark
D.license
Which of the following requirements of a valid contract ensures that those who enter
into agreements understand the nature and effect of their agreements?
A.Consideration
B.Capacity to enter into a contract
C.Legality
D.Mutual assent
Which of the following statements is true regarding a corporation?
A.The board of directors is the center of management authority for the corporation.
B.The ownership of the corporation and the management of the corporation are in the
same hands.
C.Corporations can exist without a statute permitting them.
D.The amount of funds that can be gathered by a corporation is limited to the amount of
money it can gather from friends and family.
The most-favored-nation rule imposed a duty on member nations to:
A.charge lower tariffs on agricultural products.
B.charge higher tariffs on electronic equipments.
C.charge lower tariffs to less developed countries.
D.charge the same tariff to every country.
Agreements the EEOC (Equal Employment Opportunity Commission) makes with
employers locally, regionally, or nationally, under which the employer has an identified
contact point with EEOC for scheduling the mediation of claims filed by employees
with EEOC are known as _____.
A.Universal Agreements to Litigate
B.General Agreements for Claim Resolution
C.Universal Agreements to Mediate
D.General Agreements for Equal Employment Opportunity
When going public, for full compliance with the Securities Act of 1933, the companies
need to include a document in the registration statement which would be distributed to
potential and actual investors. This document is known as a(n) _____.
A.incorporation statement
B.chattel paper
C.prospectus
D.terms of agreement
Which of the following is referred to as ratification?
A.Giving permission to an agent to carry out certain tasks without disclosing the
identify of the principle
B.The liability of a principal for the tort of an agent
C.Affirmation by a person of a prior act which did not bind him but which was done on
his account
D.The liability of an agent for the tort of a principal
The _____ is a hybrid form of business that combines the liability shield of a
corporation with the federal tax classification of a partnership.
A.sole proprietorship
B.general partnership
C.limited partnership
D.limited liability company
The National Association of Attorneys General (NAAG):
A.published guidelines by which antitrust laws can be enforced uniformly across all
states, through federal activity.
B.formed the Multistate Antitrust Task Force to bring about a uniform approach to
antitrust law in the states.
C.does not permit indirect suits on behalf of aggrieved citizens who are impacted by
antitrust violations.
D.does not permit state attorneys general to litigate freely on behalf of their state
citizens individually.
Intentionally confining someone to a space from which there is no viable means of
egress is _____.
A.assault
B.false imprisonment
C.defamation
D.battery
Which of the following statements is true regarding the sociological theory?
A.This theory is based on a premise that there is a discoverable set of absolute right and
wrong principles upon which our laws should be based.
B.According to this theory, law should change as societal ideas change.
C.According to this theory, to the extent laws reflect laws of nature, or God, the laws
are considered “good” ones. To the extent they do not, they are “bad.”
D.This theory is based on the premise that law derives its status as law from the fact
that it has been enacted by the sovereign with the power to enforce his or her wishes.
A(n) _____ is one that is in danger of extinction throughout all or a significant portion
of its range.
A.exploited species
B.jeopardized species
C.endangered species
D.threatened species
When a surety pays the creditor upon the default of the debtor, the surety has the right
of _____ against the debtor.
A.subrogation
B.gentrification
C.reimbursement
D.exoneration
In the case of _____ the one being defrauded actually knows he or she is entering into a
contract, but has been told untruths about significant parts of the contract that form the
basis of the bargain.
A.unconscionability
B.fraud in the inducement
C.undue influence
D.duress
An invention must meet three criteria to qualify for patent protection: novelty, _____,
and nonobviousness.
A.accuracy
B.brevity
C.utility
D.simplicity
If a limited liability company elects to be manager-managed:
A.the owners themselves will manage the day-to-day operations of the company.
B.the governance in the company is like a general partnership.
C.the owners will elect officers to run the company.
D.the power to bind the LLC attaches to its members.
These contracts are not really contracts at all. Rather, they are an obligation imposed by
law upon an individual who receives a benefit under circumstances in which they would
ordinarily be required to pay but no agreement to pay exists. Identify the category of
contract in the discussion.
A.Executory contracts
B.Unenforceable contracts
C.Contracts implied in law
D.Voidable contracts
Which of the following best represents a rebuttable presumption that arises when it is
shown that the person accused of exerting undue influence had a dominant relationship
with the other party to the contract?
A.Fraud in the execution.
B.Undue influence
C.Duress
D.Unilateral mistake
With reference to the two characteristics of an agency relationship, the principal’s right
to control the agent and the fiduciary nature of the relationship, the relationship
between a trustee and a beneficiary:
A.is fiduciary in nature but lacks control.
B.is subject to control but lacks the fiduciary nature.
C.is subject to control and is fiduciary in nature.
D.lacks both, the fiduciary nature as well as control.
Which of the following is true regarding noise pollution?
A.Noise is strictly an urban problem.
B.The Environmental Protection Agency (EPA) still enforces noise abatement through
the Clean Air Act.
C.The EPA’s role currently is to investigate and study noise and its effects and to
evaluate the effectiveness of noise on the public’s health and welfare.
D.The Federal Aviation Administration is yet to have procedures to respond to the
public about aircraft noise questions or complaints within the U.S.
Which of the following will be considered as a valid consideration for a contract?
A.The consideration is not bargained for.
B.The party giving the consideration does not suffer a legal detriment.
C.The party receiving the consideration receives a legal benefit.
D.The consideration is not exchanged between the parties.
Which of the following statements is NOT true regarding a will?
A.The testator can revoke the will.
B.A person who is given something in the will can claim it before the death of the
testator.
C.A will can be changed any time until the death of the testator.
D.A will is not effective until the testator dies.
In this method of dispute resolution, the attorney assembles ordinary citizens, asks them
to act as jury, presents the case as if in court, and then requests them to make a decision.
Hearing the decision and questioning the “jury” about their deliberations can be very
instructive for the attorney in deciding how best to proceed with the case and whether to
seek a path other than litigation. Identify the dispute resolution method in the
discussion.
A.Mock trials
B.Minitrials
C.Regulatory Negotiation
D.Summary jury trial
If a contract meets the requirements, except one or both of the parties was not of legal
age, or there was fraud in the inducement as the basis for a party to enter the contract
then the contract is a(n) _____ contract.
A.voidable
B.bilateral
C.implied in fact
D.quasi
Which of the following statements is NOT true regarding a nongovernmental
organization?
A.It operates as a private organization.
B.It depends on charitable contributions.
C.International Monetary Fund is a nongovernmental organization.
D.These are generally nonprofit organizations.
_____ includes fraud involving the delivery of benefits through domestic programs
provided by the government including Social Security, Temporary Assistance for Needy
Families (formerly AFDC), and other entitlement programs.
A.Financial institution fraud
B.Economic crimes
C.Public corruption
D.Fraud against the government
Which of the following best represents an agreement between two or more persons to
commit a crime or to conspire to commit an act that is not unlawful by unlawful means?
A.Perjury
B.Embezzlement
C.Conspiracy
D.Misappropriation
If conciliation doesn’t work, the next logical step after conciliation is _____.
A.arbitration
B.summary jury trial
C.mediation
D.minitrial
Which of the following branches of government has the authority to provide the
president with advice and consent as to the president’s judicial and other nominations?
A.Judicial
B.Executive
C.Civil
D.Legislative
The Resource Conservation and Recovery Act (RCRA) regulates the:
A.minimum standards for a safe work environment.
B.disposal and storage of hazardous waste.
C.minimum amount of wages for the workers who work in hazardous environment.
D.amount of natural resources that can be consumed by a business.