The principal is liable for an innocent misrepresentation made by an agent acting within
the scope of employment.
Attachments are funds advanced to a debtor from a line of credit secured by collateral.
All creditors must file a proof of interest before a bankruptcy proceeding.
Any alteration or modification of a product after it leaves the seller’s possession can
make the seller strictly liable for injuries caused by the product.
Output contracts serve the legitimate business purposes of assuring the seller of a
purchaser for all its output.
The transfer by a tenant of all of his or her rights under a lease to another party is
known as an ________.
A) assignment
B) easement
C) accommodation
D) arraignment
What is the copay clause in an insurance policy?
A) a clause in a life insurance contract that provides no coverage if the insured commits
suicide before a stipulated date
B) a clause in an insurance policy that expressly stipulates the risks that are not covered
by the insurance policy
C) a clause that prevents insurers from contesting statements made by insureds in
applications after the passage of a stipulated number of years
D) a clause that requires the insured to pay a percentage of an insured loss along with
the remainder being paid by the insurer
Which of the following statements is true about the Supremacy Clause of the U.S.
Constitution?
A) A particular federal statute cannot exclusively regulate a specific area or activity.
B) Any state or local law that “directly and substantially” conflicts with valid federal
law is preempted.
C) A particular federal statute can expressly provide for exclusive jurisdiction.
D) Any state or local law that “directly and substantially” conflicts with valid federal
law is held valid until such a time that the relevance of the federal law is tested and held
in harmony with the cultural diversity in the state.
Which of the following is true of the meeting of the creditors?
A) A meeting of the creditors is called before the court grants an order for relief.
B) The bankruptcy judge cannot attend the meeting of the creditors.
C) In the first meeting of the creditors, a debtor is questioned by a jury constituted for
the purpose.
D) Questions regarding the debtor’s possible concealment of assets are not permitted
during the meeting of the creditors.
After losing her watch, Jennifer had put up a reward offer in the local newspaper for
anyone who could find and return her watch. However, after two weeks she decides to
buy a new watch and not pay the reward anymore. Betty, who found the watch and saw
the reward offer, returns the watch to Jennifer after 20 days. Which of the following
would be true about Betty receiving or not receiving the reward?
A) Betty will not receive the reward as Jennifer had already revoked it.
B) Betty will not receive the reward as Jennifer had stopped publishing the reward
offer.
C) Betty cannot claim the reward because she had not performed all the requested acts.
D) Betty can claim the reward because Jennifer had not published a notice of
revocation.
The ________ is a federal statute that authorizes the Environmental Protection Agency
(EPA) to regulate facilities that generate, treat, store, transport, and dispose of
hazardous wastes.
A) Resource Conservation and Recovery Act
B) Clean Water Act
C) Toxic Substances Control Act
D) Comprehensive Environmental Response, Compensation, and Liability Act
Who is an executor of a probate?
A) a person appointed by the government to conduct the probate
B) a person designated in the will to conduct the probate
C) a person who is beneficiary of the probate
D) an person who is usually appointed to help administer the estate and to complete the
probate
Which of the following statements is true of mitigation of damages?
A) The breaching party must make efforts to mitigate damages resulting from the
breach of contract.
B) If an employer breaches an employment contract, he or she owes a duty to mitigate
damages by trying to find substitute employment for the employee.
C) The extent of mitigation of damagesrequired is common to all kinds of contracts.
D) If an employer breaches a contract, the employee is only required to accept
comparable employment.
The ________ Clause prevents the government from enacting laws that either prohibit
or inhibit individuals from participating in or practicing their chosen religions.
A) Due Process
B) Privileges
C) Establishment
D) Free Exercise
Which of the following statements is true of international law?
A) All legal matters of international importance are prosecuted by a single world court
that is responsible for interpreting international law.
B) The enforcement of international law is regulated by a unitary world executive
branch.
C) There is no single legislative source of international law.
D) All countries have to follow the international law enacted by other countries.
Mary buys a lottery ticket and promises to buy her friend Sharon a new pair of shoes if
she checks the lottery results while Mary is away. Sharon agrees to do so, provided she
has the time for it. What kind of contract do Mary and Sharon have?
A) preexisting duty
B) past consideration
C) illegal consideration
D) illusory promise
The Anticybersquatting Consumer Protection Act (ACPA) is a federal statute that
makes online impersonation of another person, misrepresentation of another person,
business, or organization using inappropriate words, images, or other media illegal.
Rita Fuller and Robert Morgan are contending parties to a lawsuit involving the
division of their inheritance from their grandmother. They wish to settle their case out
of court. Rita and Robert engage in discussions and bargaining with the presence of
their attorneys and finally conclude that Robert keeps 60 percent of the inheritance
while Rita gets the remainder. In this scenario, the ________ method of alternative
dispute resolution is used.
A) negotiation
B) arbitration
C) mini-trial
D) mediation
Distinguish between substantive rules and interpretive rules. What is a statement of
policy?
Give an account of how the digital age has affected lawmaking in the United States.
Distinguish between general government regulation and specific government
regulation.
What can a party to a lawsuit do if he or she is displeased with the trial court’s
judgment?
Describe any two legislations that have been implemented to minimize the damage
caused by oil spills.