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 example of a law that promotes order?
a. disclosure statutes for securities sales
b. curfew
c.speed limits
d.trespassing laws
Which of the following is not an intentional tort?
a. battery
b. false imprisonment
c.invasion of privacy
d.strict tort liability
The FBI wants to conduct a search of your work computer. To do so:
a. the FBI needs your permission.
b. the FBI needs a warrant.
c.either a or b
d.both a and b
Lakes Distribution Company has its employees sign a policy that discloses the
following:
*Lakes can monitor text messages sent using company cell phones.
*Lakes can monitor all e-mails sent by employees, regardless of which e-mail account
used (company e-mail system or private, such as gmail or aol.com).
*Lakes requires that employees furnish access to their Facebook pages as a
precondition of employment.
*Lakes monitors all Tweets and blog posts by employees.
The next four questions are based on these facts.
Which of the following is correct about Lakes’ policy on text messages?
a. The monitoring is overly broad and will not be permitted under federal law.
b. The monitoring must be restricted to business messages and not personal messages.
c.The monitoring policy fits within current legal standards.
d.The monitoring is not permitted.
A reversible error occurs only when evidence rules were violated.
a. True
b. False
There was some resistance to granting China MFN status.
a. True.
b. False
Qualified privilege statutes protect those with a moral obligation to speak.
a. True
b. False
The Economic Espionage Act covers:
a. only international commercial transactions.
b. the copying, downloading or electronic transfer of trade secrets.
c.bribes to obtain government contracts.
d.only national stock exchange companies.
Which of the following crimes has been curbed back by appellate court decisions on
corporate financial misstatements and officer liability?
a. Honest services fraud
b. SOX financial certification provisions
c. Obstruction of justice
d.Criminal fraud
Which of the following actions cannot be taken on comparative advertising that is
misleading?
a. the FTC can seek an injunction
b. the FTC can seek criminal penalties
c.the manufacturer of the product that is compared can bring suit
d.All of the above actions can be taken.
Which of the following is an issue in subject matter jurisdiction determinations?
a. the residence of the defendant
b. the nature of the controversy
c.the amount of the controversy
d.all of the above are issues in subject matter jurisdiction
Which is not an example of an independent contractor relationship?
a. master/servant
b. lawyer/client
c.accountant/client
d.All of the above are not independent contractors.
Which of the following exemptions under the 1933 Securities Act does not have
limitations on the number of purchasers?
a. Rule 504
b. Rule 505
c.Rule 506
d.All of the above have limitations on the number of purchasers.
Title VII does not apply to U.S. corporations’ operations in other countries.
a. True
b. False
Which of the following duties could not be a basis for a negligence suit?
a. hotel to guest
b. physician to patient
c.accountant to client
d.All of the above parties have duties.
Decisions of the federal district court are reported in the FederalReporter.
a. True
b. False
All states provide some form of immunity for people who stop and help but make
mistakes in offering their assistance.
a. True
b. False
A case that is remanded requires further procedures.
a. True
b. False
In a fully disclosed principal situation in which the agent is acting with authority, only
the principal is liable on the contract.
a. True
b. False
Which of the following events would be material for purposes of 10b and disclosure?
a. a pending merger
b. not meeting quarterly earnings expectations
c.product liability lawsuit
d.a and c only
e. all of the above
A bilateral contract is one in which one side promises to perform in exchange for the
other side’s actions.
a. True
b. False
A sale of a toaster at a garage sale is covered by the warranty of merchantability.
a. True
b. False
Owners of limited liability companies enjoy pass-through treatment of income and
losses.
a. True
b. False
Collective bargaining units generally consist of employees who do the same work.
a. True
b. False
Trademark protection lasts for 17 years.
a. True
b. False
Proof for a breach of the warranty of merchantability suit requires establishment of the
fact that the product was in a defective and unreasonably dangerous condition.
a. True
b. False
AIG was not involved in the subprime mortgage debacle.
a. True
b. False
The doctrine of forumnonconveniensis used to dismiss cases brought in courts in the
wrong nation.
a. True.
b. False
Options require consideration to be vali
d.
a. True
b. False
LL Bean has warehouse facilities in Maine, Nevada, Washington, Idaho, Utah, and
North Dakota.
a. Any states in which LL Bean does business can tax the warehouse inventory.
b. Any states in which LL Bean has warehouses can tax LL Bean on all of its inventory.
c. Any state in which LL Bean has warehouses can tax LL Bean on the inventory in that
state.
d. none of the above