In an area franchise, the franchisor authorizes the franchisee to negotiate and sell
franchises on behalf of the franchisor.
Section 7 of the National Labor Relations Act is a federal law that gives employers the
right to terminate union practices detrimental to the employers’ organizations.
The Command School of jurisprudence believes that the law is a set of rules developed,
communicated, and enforced by the ruling party.
If an employer denies a salary hike to an employee because she is a woman, the
employer is liable for sexual harassment.
Division of markets is considered to be a type of horizontal restraint of trade.
The right to cover can be invoked by the buyer if the seller delivers nonconforming
goods.
Which of the following would constitute legal insanity?
A) weakness of intellect
B) emotional problems
C) slight delusions
D) mental retardation
________ is a situation in which a party to a contract renders performance exactly as
required by the contract.
A) Substantial performance
B) Strict performance
C) Anticipatory repudiation
D) Restitution
Which of the following statements is true of a sublease?
A) The sublessee acquires all rights under the original lease agreement.
B) The landlord can sue the sublessee to recover rent payments.
C) The landlord and the sublessee do not have a legal relationship.
D) The sublessee has a duty to pay rent only to the landlord.
Na Li is a South Asian immigrant in New Jersey who was divorced by her husband
after 34 years of marriage. She can proficiently converse only in her native language.
She lacks any employable skills and was restricted from leaving her house throughout
her marriage and childbearing years. She has two children who are employed in
different cities. She also suffers from a mild but prolonged depressive disorder called
dysphoria. Na Li is most likely to qualify for ________ considering her situation.
A) support alimony
B) temporary alimony
C) rehabilitation alimony
D) permanent alimony
Companies that manufacture products according to government specifications are not
liable if such products cause injury because ________.
A) the companies have government contractor defense
B) the use of these products entails generally known dangers
C) these products are abnormally misused
D) people assume the risk when using these products
Which of the following statements is true of the Consumer Financial Protection Bureau
(CFPB)?
A) It is a non-federal agency that governs consumer finance and mortgage area.
B) The automobile industry is exempt from its supervision.
C) The credit card and debit card industry is beyond its purview.
D) It lacks investigative and subpoena powers.
Which of the following is a rule that eliminates HDC status with regard to negotiable
instruments that arise out of certain consumer credit transactions?
A) FTC HDC rule
B) exclusionary rule
C) imposter rule
D) fictitious payee rule
The state of Transas has set a maximum interest rate of 12 percent on loans. Matt
borrows $10,000 from Tony to pay off a gambling debt. Both are residents of Transas.
They sign a contract, which states that Matt would have to pay $1,500 as interest in one
year to pay off the loan. Later, Matt gets to know about the state usury limit and sues
Tony. What is the nature of the contract between Matt and Tony?
A) It is illegal as it violates gambling statutes.
B) It is legal as both parties were competent when the contract was signed.
C) The contract is void as it violates usury laws.
D) The contract is void as it is a contract to commit a crime.
Rhodes, a college student, wants to purchase a motorcycle on credit from Landier
Motors. He does not have sufficient income or the credit history to justify the extension
of credit to him alone. Rhodes asks his father to cosign a note to Landier Motors, which
he does. What kind of liability does Rhodes’s father come under?
A) secondary liability
B) primary liability
C) fringe liability
D) warranty liability
The goal of the Uniform Commercial Code (UCC) is to regularize foreign trade norms
among the 50 states of the U.S.A.
A deed in which the grantor of real property transfers whatever interest he or she has in
the property to the grantee is known as a ________.
A) quitclaim deed
B) general warranty deed
C) grand deed
D) special warranty deed
Explain the creation and working of guaranty contracts.
Explain the concept of joint venture as a business arrangement in brief.
What is a warehouse receipt?
Briefly explain an undisclosed agency. What are the liabilities involved in such an
agency?
What happens when an obligor does not get a notice of assignment?
Explain the nature and enforcement of the national ambient air quality standards
(NAAQS).