An unconscionable contract can be enforced if the unconscionable clause is removed
from it.
The Environmental Protection Agency lacks adjudicative powers to hold hearings and
order remedies for violation of environmental laws.
A codicil is considered to be a separate instrument from the will it references.
The property of a Chapter 13 estate consists of nonexempt property acquired after a
case is closed.
Ethics refers to a set of principles laid down by the society which an individual is
expected to follow.
A shareholder can only submit a resolution to be considered by other shareholders if he
or she has one percent or more of the total shares of the company.
How are profits and losses shared in the absence of a limited partnership agreement?
A) Profits and losses are shared equally among all partners.
B) Profits and losses are shared equally among general partners and unequally among
limited partners.
C) Profits are shared equally among all partners, losses are shared based on the value of
each partner’s capital contribution.
D) Both profits and losses are shared on the basis of the value of each partner’s capital
contribution.
In which of the following situations involving oral contracts can the Statute of Frauds
be raised?
A) if a written confirmation has not been objected by a party in an oral agreement
B) if the seller of specially manufactured goods has made a commitment for their
procurement
C) if the party against whom enforcement of an oral contract is sought has not admitted
of such a contract in pleadings in court
D) when a contract that requires written confirmation has been agreed-on orally
A ________ is a document filed by a secured creditor with the appropriate government
office that constructively notifies the world of his or her security interest in personal
property.
A) security disclosure
B) financing statement
C) possession statement
D) custodial statement
The ________ Clause in the Constitution collectively prohibits states from enacting
laws that unduly discriminate in favor of their residents.
A) Due Process
B) Equal Protection
C) Establishment
D) Privileges and Immunities
________ occurs if a person is deceived as to the nature of his or her act and does not
know what he or she is signing.
A) Fraud in the inducement
B) Fraud in the factum
C) Fraud by concealment
D) Fraud by suppression
A corporation that is incorporated in another country is known as a(n) ________.
A) alien corporation
B) public corporation
C) domestic corporation
D) municipal corporation
Which of the following is true of applying promissory estoppels to a contract?
A) Both parties must suffer legal detriment.
B) Injustice would be caused if the promise were not enforced.
C) They can be applied for illusory promise contracts.
D) They can be applied for gift promise contracts.
The measure of damages from a misrepresentation is ________.
A) the actual value of the property
B) the represented value of the property
C) the difference between the value of the property as represented and the actual value
of the property
D) twice the actual value of the property which includes punitive damages
Which of the following is codified in the Foreign Sovereign Immunities Act?
A) the act of state doctrine
B) the principle of restricted immunity
C) the Supremacy Clause
D) the choice of forum clause
A(n) ________ is type of instrument that is payable to anyone in physical possession of
the instrument and presents it for payment when it is due.
A) certificate of deposit
B) order instrument
C) bearer instrument
D) check
Which of the following is true of sexual harassment?
A) Same-sex harassment is not covered under Title VII.
B) An employee being harassed at the workplace is not obligated to report it to the
employer.
C) Sending offensive e-mail may be considered sexual harassment.
D) The absence of a complaint policy may make an employer liable for
disparate-impact discrimination.
Which order paper when indorsed becomes a bearer paper?
A) unqualified indorsement
B) blank indorsement
C) special indorsement
D) special qualified indorsement
Land, as well as buildings, trees, soil, minerals, timber, plants, and other things
permanently affixed to the land are known as ________.
A) chattel
B) intangible property
C) personal property
D) real property
Which of the following is true of a minor under the infancy doctrine?
A) A minor is bound to an adult’s decisions in a contract between them.
B) A minor can disaffirm contracts he or she has entered into with adults.
C) A minor cannot enter into a legal contract with another minor.
D) A minor cannot choose to enforce a contract at his or her whim.
________ is a form of property insurance that insures an automobile from loss or
damage due to causes other than collision.
A) Omnibus insurance
B) Comprehensive insurance
C) Coinsurance clause
D) No-fault automobile insurance
Under partnership law, ________ have the right to manage the affairs of the limited
partnership.
A) angel investors
B) sole proprietors
C) limited partners
D) general partners
Aniorta Inc., a pharmaceutical company, has designed a new medicine for morning
sickness among pregnant women. Testing at their R&D center showed the drug to be
highly reliable. Aniorta Inc. has to approach a U.S. federal administrative agency called
________ for the drug to be deemed legal for sale to the public.
A) Medicines and Healthcare Products Regulatory Agency
B) Consumer Product Safety Commission
C) Federal Trade Commission
D) Food and Drug Administration
Betty buys a lawnmower manufactured by FlatPlanes Inc. from Harvey’s department
store. A defect in the design of the blades causes the lawnmower to kick back on
operation, injuring Betty. Which of the following remedial actions is Betty entitled to?
A) Betty can sue Harvey’s department store for negligence.
B) Betty can sue either Harvey’s department store or FlatPlanes for strict liability.
C) Betty can only sue FlatPlanes for strict liability as it manufactured the defective
lawnmower.
D) Betty can only sue Harvey’s department store for strict liability as it sold her the
defective lawnmower.