Odell invents ‘Profits Unbound,’ new stock-trading algorithm software, and applies for a
patent. If Odell is granted a patent, his invention will be protected
a. for ten years.
b. for twenty years.
c. for the life of the inventor plus seventy years.
d. forever.
Answer:
Ultrahazard Removal & Disposal Corporation transports radioactive materials. Vincent,
an Ultrahazard employee, is diagnosed with radiation sickness after exposure to the
materials. Vincent’s suit against Ultrahazard to recover for the injury is known as
a. an environmental impact statement.
b. a nuisance.
c. a toxic tort.
d. a hazardous substance response.
Answer:
The Securities and Exchange Commission decides to create a new rule relating to the
dissemination of material nonpublic information through corporate Web sites. This
process begins with
a. an on-site inspection.
b. the filing of a complaint against a charged party.
c. the publication of a notice of proposed rulemaking.
d. the solicitation of public comments.
Answer:
Oswald, an employee of Pipes & Plumbing Company, fills out his time sheets by
rounding off his hours and thus effectively listing more time than he actually worked.
Pipes & Plumbing submits the time sheets to a federal regulatory agency. For Oswald to
be held criminally liable for lying, the false information on his time sheets must be
a. considered material.
b. made under oath.
c. made after a warning about the consequences of a false statement.
d. in writing.
Answer:
Chicken & Egg Farms promises to pay Dex $500 to install a sump pump in its
warehouse. Dex comÂpletes the installation. The act of installing the pump
a. imposes a moral obligation on Chicken & Egg to pay Dex.
b. imposes no obligation on Chicken & Egg unless it is satisfied with the job.
c. is not sufficient consideration because it is not goods or money.
d. is the consideration that creates Chicken & Egg’s obligation to pay Dex.
Answer:
Southwestern Foods Corporation operates a packaging plant near the border between
the United States and Mexico. Due to the location, it would be easy for Southwestern to
employ noncitizens. With respect to persons not authorized to work in the United
States, an employer can
a. hire them.
b. recruit them.
c. refer them for a fee.
d. not hire them, recruit them, or refer them for a fee.
Answer:
Frictionless Lubricant Corporation and Grease, Inc., are the principal supÂpliers of
their product in their market. They agree that Frictionless will sell exclusively to
retailers and Grease will sell exclusively to wholesalers. Under antitrust law, this is
most likely
a. a per se violation.
b. a violation only if their competitors make similar deals.
c. a violation only if their customers agree to honor the deal.
d. not a violation.
Answer:
To drive its competitors out of a certain geographic segment of its market, Fryin’
Potatoes, Inc., sets the prices of its products below cost for the buyers in that area. This
is
a. a refusal to deal.
b. none of the choices.
c. predatory bidding.
d. price discrimination.
Answer:
Henry promises not to open his Hank’s Lunchbox Café before 10:00 a.m. if Isis, who
owns Isis’s Danish & Donuts next door, promises to close by 4:00 p.m. Henry’s
consideration is
a. the destruction of a legal relationship.
b. the creation of a legal relationship.
c. a forbearance.
d. an exchange of money.
Answer:
Geno’s Italiano Ristorantes, Inc., employs three hundred workers at four locaÂtions in
two states. Under federal law, Geno’s must proÂvide each employee, during any
twelve-month period, family or mediÂcal leave of up to twelve
a. days.
b. weeks.
c. months.
d. years.
Answer:
Disc & Shoe Brakes Corporation, a brake manufacturer, sells its products to Eastside
Motors, a retailer, at lower prices than it charges Fast Brake, a comÂpetiÂtive reÂtailer.
This price discrimination is legal
a. under any circumstances.
b. unless its effect is to cause a competitor a loss of any business.
c. unless its effect is to substantially lessen competition.
d. unless there is no effect on a competitor.
Answer:
Under federal law, the calorie content of the food on a menu must be posted by Organic
Mix, LLC, if Organic Mix is
a. a restaurant chain with twenty or more locations.
b. a food distributor with twenty or more customers.
c. a food processor with twenty or more products.
d. a food producer with twenty or more acres.
Answer:
Melanie files an employment discrimination suit against Natural Resources Industries
Corporation under the Civil Rights Act of 1964 on a disparate-impact theory. To
succeed, Melanie must show that members of a protected class are adversely affected
by any of the following except the employer’s
a. practices.
b. procedures.
c. tests.
d. seniority system.
Answer:
In Hazel’s suit against Ingrid, the court issues a judgment in Ingrid’s favor. If the case is
appealed to an appropriate court of appeals, the appellate court will hear
a. all of the evidence.
b. most of the evidence.
c. none of the evidence.
d. select pieces of evidence.
Answer:
Lyn files a suit against Karl. Karl denies Lyn’s charges and sets forth his own claim that
Lyn breached their contract and owes Karl money for the breach. Karl’s claim is
a. counterclaim.
b. motion for judgment on the pleadings.
c. motion for summary judgment.
d. motion to dismiss.
Answer:
The government of North Korea violates an international law. Persuasive tactics to
remedy the situation fail. The only recourse of other nations is to
a. approve the World Trade Organization’s enforcement of the law.
b. ask the International Court of Justice to enforce sanctions.
c. seek enforcement of the law through the United Nations.
d. take coercive action’”sever relations, impose boycotts, go to war.
Answer:
Fruit-of-the-Plant Seed Company is engaged in the agricultural seed industry in the
Midwest. The firm currently has about 40 percent of the market for these products.
GreatGro Seed Corporation competes with Fruit-of-the-Plant in the same states.
Carbonate has about 35 percent of the market. If Fruit-of-the-Plant were to acquire the
stock and assets of GreatGro, would Fruit-of-the-Plant be in violation of any of the
antitrust laws? If so, which one? Discuss fully.
Answer:
A horizontal merger occurs when a company at one stage of production acquires a
company at a higher or lower stage of production.
Answer:
Employees who use social media in a way that violates their employer’s stated policies
cannot be disciplined or fired from their jobs.
Answer:
To have standing to sue, a party must have complaining sufficient stake in a matter to
justify seeking relief through the court system.
Answer:
The Securities and Exchange Commission does not regulate the content of proxy
statements.
Answer:
Eminent domain is the condemnation power of government to take land for public use.
Answer:
Unless a corporation violates a law, its actions do not raise questions about the role of
corporations and the effect of corporate ethics on profit.
Answer:
If a wage differential is due to any factor other than gender, then it does not violate the
Equal Pay Act.
Answer: