Articles IV and VI, as well as the 14th Amendment, address the relationship between
the federal government and the states.
The bulk of the environmental laws and regulations in the United States were drafted to
address compartmentalized and discrete issues.
Mere foolishness or want of knowledge constitutes the grounds for unconscionability of
contracts.
Degree of control is the dominant test in determining whether a worker is an employee
or independent contractor.
Punishment for violation of the Computer Fraud and Abuse Act of 1986 is limited to
fines.
As early as 1899, Congress enacted a law that required a permit to discharge refuse into
navigable waters.
Through the Wagner Act, Congress established the National Labor Relations Board.
A situation in which a firm holds the power to control prices and/or exclude
competition in a particular market is called an oligopoly.
Environmental protection in the United States is just a matter of social policy and is free
from political influences.
Which of the following categories of mergers involves firms dealing in unrelated
products?
A. Congeneric
B. Vertical
C. Horizontal
D. Conglomerate
_____ is a means of remedying past and present discriminatory wrongs in a more
expeditious and thorough manner than the market might achieve on its own.
A. Statutory defense
B. Disparate treatment
C. Affirmative action
D. Retaliation provision
Which of the following is true of a mini–trial?
A. It is presided over by a third party who may be expected to issue a nonbinding
opinion as to the likely result were the case to be litigated.
B. It is also labeled “rent–a–judge.”
C. It is mandatory and binding.
D. It is the preferred dispute resolution mechanism for employee complaints such as
discrimination or harassment.
Which of the following statements about the Constitution is true?
A. The Constitution prohibits Congress from regulating commerce.
B. The Constitution’s protections are not applicable for corporations.
C. The Constitution protects the citizens from public and private concentrations of
power.
D. The Constitution was formed with an intent to protect the citizenry from the
government.
Which of the following standards determines the Truth in Lending Act’s applicability?
A. The debtor must be an organization.
B. The amount secured as credit must be above $25,000.
C. The purpose of the credit must not be personal.
D. The credit must be subject to a finance charge.
Which of the following refers to a business venture that has no legal existence apart
from the owner?
A. Corporation
B. Limited liability company
C. Sole proprietorship
D. Partnership
In the context of the civil trial process, a defendant may choose to respond to a
complaint in favor of the plaintiff by filing a(n) _____, the essence of which is to argue
that even if the plaintiff’s recitation of the facts is accurate, a claim on which relief can
be granted has not been stated.
A. complaint
B. demurrer
C. pleading
D. arraignment
Intentionally touching another in a harmful or offensive way without legal justification
or the consent of that person is a(n) _____.
A. assault
B. battery
C. defamation
D. fraud
Which of the following best describes treason?
A. It is a rule under which a person cannot be prosecuted twice in the same tribunal for
the same criminal offense.
B. It is a highly serious crime such as murder, rape, and robbery.
C. It is the special situation in which one levies war against the United States or gives
aid and comfort to its enemies.
D. It is the method of bringing charges before a grand jury of citizens to determine
whether the charges have sufficient merit to justify a trial.
_____ requires firms with 100 or more employees to provide 60 days notice if they lay
off one-third or more of their workers at any site employing at least 150 workers, drop
500 employees at any site, or close a plant employing at least 50 workers.
A. The Worker Adjustment and Retraining Notification Act (WARN)
B. The Consolidated Omnibus Budget Reconciliation Act (COBRA)
C. The Sarbanes€Oxley Act (SOX)
D. The Employee Retirement Income Security Act (ERISA)
Which of the following statements is true about public law?
A. Contracts are a traditional business law topic in the public law category.
B. Constitutional, criminal, and administrative law fall in the public law category.
C. It regulates the legal relationship among individuals.
D. It treats agency as a chief business law topic.
A contract is labeled _____ until all parties fully perform.
A. anticipatory
B. executory
C. contributory
D. declaratory
If a delivery truck driver negligently hits a child in the street, the company for which
the driver works will be liable for the injuries under the legal doctrine of _____.
A. caveat emptor
B. respondeat superior
C. piercing the corporate veil
D. res ipsa loquitur
Identify the correct statement regarding Immanuel Kant’s categorical imperative.
A. It believes that standards of conduct can be objectively discovered.
B. It states that one’s goal is to identify the consequences of a particular act to determine
whether it is right or wrong.
C. It is based on the idea that a decision that maximizes the ratio of good over evil for
all those concerned is the ethical course.
D. It is the notion that every person should act on only those principles that he, as a
rational person, would prescribe as universal laws to be applied to the whole of
humankind.
Catalina buys a car on loan from Elko Automobiles. She pays the car loan over four
years in monthly installments. Yet, her bank sends inaccurate information to Citizen
Safe, a local credit reporting agency (CRA), claiming that the installments were not
made on time. As a result, Catalina is denied a home loan by another bank. In the
context of the Fair Credit Reporting Act, which of the following can be concluded from
this scenario?
A. Catalina has no right to find out the information in her credit report.
B. If Catalina files a complaint against Citizen Safe, the agency will have up to 90 days
to correct and remove the inaccurate information from Catalina’s credit report.
C. Citizen Safe must change Catalina’s credit report immediately upon her request.
D. If Catalina informs Citizen Safe about the inaccurate information, the agency must
investigate her complaint and give her a written report.
Which of the following statements is true of workers’ compensation?
A. Workers’ compensation covers self-inflicted injuries.
B. Workers’ compensation provides a form of no-fault protection in the workplace.
C. The system is governed by a federal board.
D. Workers cannot sue for damages resulting from a work-related injury in any
circumstances.
According to the 1933 Act, during the _____ period, no sales are permitted but a limited
amount of solicitation is allowed.
A. shelf registration
B. waiting
C. prefiling
D. posteffective
The Federal Trade Commission’s primary enforcement device is _____.
A. arbitration
B. the requirements contract
C. imposing criminal penalties
D. the cease and desist order
A(n) _____ is a situation in which one firm holds the power to control prices and/or
exclude competition in a particular market.
A. oligopsony
B. oligopoly
C. monopoly
D. perfect competition
Legally enforceable contracts must exhibit _____, which means parties must have the
legal ability to enter the contract; that is, they must be sane, sober, and of legal age.
A. genuineness of assent
B. consideration
C. legality
D. capacity