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Business ethics provides a guarantee of profitability.
a. True
b. False
With respect to the facts in number 80, the newspaper ad:
a. is an offer.
b. is not an offer.
c.is a merchant's firm offer.
d.cannot be revoked.
e. none of the above
Contracts for services are governed by the UC
C.
a. True
b. False
The state of Wyoming has just passed a law requiring all cars entering the state to be
equipped with side air bags.
The Wyoming requirement:
a. is constitutional because it does not apply to commerce.
b. is unconstitutional.
c. is constitutional so long as Wyoming residents are subject to the same rule.
d. is constitutional if side airbags are technologically feasible.
Under the sentencing guidelines the Justice Department can agree to a non-prosecution
agreement (NPA), but not to a deferred-prosecution agreement (DPA).
a. True
b. False
Agents in undisclosed principal situations never have personal liability.
a. True
b. False
Privity of contract is a direct contractual relationship between the parties.
a. True
b. False
A lack of adequate warnings can be a defective product.
a. True
b. False
U.S. securities laws would not apply to countries selling securities in the United States
under the doctrine of sovereign immunity.
a. True.
b. False
Bill Blackburn is the new mayor of Oceanside, Washington. He discovered that the
city-run utility requires a deposit of $50 from new customers in homes. However, new
customers who reside in apartments, condominiums, or townhouses must pay a $500
deposit. Mayor Blackburn proposed that the utility deposit be $100 for all new
customers. Blackburn's change fits best under which theory of law?
a. positive law theory
b. natural law theory
c.theory of justice
d.theory of custom
A bank is an example of an accredited investor for purposes of RegulationD.
a. True
b. False
UETA has not yet been adopted in all of the states.
a. True
b. False
E-Sign is a federal law that requires written signatures for electronic contracts to be
valid.
a. True
b. False
The Regulatory Flexibility Act allows agencies flexibility in rule making by not
requiring publication of proposed rules.
a. True
b. False
A vertical merger that prevents market entry is illegal.
a. True
b. False
Trade dress is not entitled to protection unless there is some form of registration under
federal law.
a. True
b. False
The U.S. Constitution does not apply to the states.
a. True
b. False
Contracts for the sale of real property are governed by the Uniform Commercial Code.
a. True
b. False
COPPA is a federal law that controls the posting of pornographic images online.
a. True
b. False
ICE is:
a. disbanded under changes to immigration law.
b. the agency responsible for immigration and customs enforcement.
c.is part of the Department of Homeland Security.
d.both b and c
Exclusive distributorships are per se antitrust violations.
a. True
b. False
The Department of Homeland Security:
a. has been disbanded.
b. is now responsible for immigration issues.
c.is not a cabinet level department.
d.none of the above
The police power of the states:
a. has no federal limitations.
b. can extend to interstate business.
c. has been severely curtailed in recent years.
d. none of the above
Under CARD, credit terms must last for at least two years.
a. True
b. False
Many federal agencies use licensing as a means of enforcement.
a. True
b. False
A default is entered when the defendant counterclaims.
a. True
b. False
A natural person whose net worth is greater than $1 million is an accredited investor.
a. True
b. False
Law enforcement purposes are an exception to the prohibited exchanges of information
among agencies under the
Federal Privacy Act.
a. True
b. False
A merchant's firm offer requires consideration to be vali
d.
a. True
b. False
Equitable remedies are not available in courts of law in the United States.
a. True
b. False
Limited partners have liability:
a. for the full amount of partnership debts.
b. only for the amount of their contribution.
c.for the negligent acts of the general partner.
d.none of the above
Treaties are a source of international law.
a. True
b. False
A public nuisance:
a. cannot be enjoined by a private citizen suit.
b. prevents recovery of damages by individual citizens.
c.is eliminated by federal environmental regulations.
d.none of the above
