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Employees at Resource Industries, Inc., want to form into a single union. To constitute
an appropriate bargaining unit, a group of workers must have
a. a mutuality of interest.
b. at least one member of management willing to join the union.
c. dissimilar levels of skills and qualifications.
d. geographical disparity.
Answer:
Demario and Evander want to form and do business as a corporation'”Farm-2-Fork
Restaurant Inc. A corporation is
a. a natural being.
b. a tangible thing.
c. an artificial person.
d. ultra vires.
Answer:
Largo is an agent for MaryElise. MaryElise gives Largo clear instructions to enter into
contracts on her behalf only on Mondays, Wednesdays, or Fridays. Largo enters into a
contract on her behalf on Tuesday. Largo has breached
a. the duty of performance.
b. the duty of loyalty.
c. no duty.
d. the duty of obedience.
Answer:
Discount Mart Corporation contracts with companies in developing nations to produce
goods, because the wage rates in those nations are significantly lower than those in the
United States. Discount Mart takes steps to avoid bad publicity by monitoring its
suppliers' workplaces to make sure that the employees are not mistreated. Discount
Mart is
a. acting unethically in its pursuit of good publicity.
b. acting unethically in its pursuit of profits.
c. acting unethically by monitoring its suppliers.
d. not acting unethically.
Answer:
Yokio, Ltd., and Zeno, S.A., transact an international sale of goods. At the request of
these parties, a court in Portugal resolves a dispute between them. A U.S. court will
most likely honor the judgment
a. if it is consistent with U.S. laws and public policy.
b. if it is consistent with Portuguese laws and public policy.
c. if it does not benefit the U.S. to deny it.
d. under no circumstances.
Answer:
Conrad and Delilah are employees of EcoCrop Feed & Seed Corporation. Under the
Equal Pay Act of 1963, EcoCrop can legitimately pay different wages on the basis of
a. seniority.
b. job descriptions.
c. substantial equality of skill, effort, and responsibility.
d. gender.
Answer:
Outdoor Outfitters Store contracts to buy fifty tents from Pitched Camp, Inc. Unless the
contract states otherwise, it is assumed to be
a. none of the choices.
b. a destination contract.
c. a shipment contract.
d. a delivery ex-ship.
Answer:
Roland files a petition in bankruptcy. After all his assets have been sold and the
proceeds distributed among his creditors, Roland's remaining debts
a. are discharged.
b. will be paid by the court.
c. must be paid by Roland.
d. are put on hold until Roland has sufficient means to pay them.
Answer:
Sweet Treats, Inc., wants to market a new snack food. On the prodÂuct's laÂbel,
standard nutrition facts are
a. prohibited.
b. required.
c. strictly voluntary.
d. warranted by the nature of the food.
Answer:
Mark is creating Nu2U.com, a Web site through which he will enter into contracts over
the Internet. Important terms to include in his offers include
a. provisions specifying the remedies if the contract is breached.
b. a detailed history of his business.
c. glowing reviews from former customers.
d. his educational background.
Answer:
Cy, an employee of Dockyard Shipping Corporation, is inÂjured on the job and accepts
workers' compensation. Cy can successÂfully sue Dockyard
a. only if the injury was caused by Dockyard intentionally.
b. only if the injury was caused by Dockyard's negligence.
c. regardless of Dockyard's fault.
d. under no circumstances.
Answer:
BeFriends Corporation uses the trademark of Community Life Inc., a social media site,
as a meta tag without Community Life's permission. This may be permissible
a. if the appropriating site has nothing to do with the meta tag.
b. if the two sites appear in the same search engine results.
c. if the use is reasonably necessary.
d. under no circumstances.
Answer:
Fact Pattern 18-1
Brad is a general partner, and Carlos and Dora are limited partners, in Eastside
Physicians, a medical clinic and limited partnership.
Refer to Fact Pattern 18-1. Brad's dissociation from the firm results in
a. nothing with respect to Eastside's existence.
b. the maturity of Eastside's debts.
c. the suspension of Eastside's business.
d. the termination of Eastside's legal existence.
Answer:
Restocking Warehouse Corporation keeps a file of I-9 verifications forms. To inspect
this file, the appropriate government officer must obtain
a. a subpoena and a warrant.
b. a subpoena or a warrant.
c. a special executive order.
d. none of the choices.
Answer:
The brakes on a train owned by Rolling Stock Railway Inc. malfunction. The train rolls
towards mainÂteÂnance workers on the tracks. Everyone gets out of the way except
Sid, who wants to show off. The train hits Sid, who sues Train Components, Inc., the
brakes' manufacturer. Train Components can raise the defense of
a. a component-part manufacturer.
b. assumption of risk.
c. privity.
d. product misuse.
Answer:
Situations in which employers face ethical issues with respect to social media platforms
include
a. conducting an Internet search to discover what a job candidate has posted.
b. judging a job candidate based on what he or she does outside the work environment.
c. rejecting a job candidate if he or she does not participate in any social media.
d. all of the choices.
Answer:
OnSpec, Inc., and its officers, directors, and shareÂholders, buy and sell securities.
Section 16(b) of the Securities Exchange Act of 1934 covers purchases and sales of
securities involving
a. corporate insiders.
b. misappropriation.
c. short-swing profits.
d. tippers and tippees.
Answer:
County Water & Sewer operates a public water supply system. County Water must send
to every household that it supplies with water an annual statement describing
a. County Water's financial situation and material facts that might affect it.
b. other operations, such as irrigation and water conservation, in which County Water is
involved and to what extent.
c. parties who might be held liable if pollution problems arise.
d. the source of the water, and any contaminants and health concerns.
Answer:
Boats & Yachts Corporation is a public company, which California regulates and in
which Dorian invests. The Sarbanes-Oxley Act of 2002 introduced direct federal
corporate governance requirements to
a. public companies.
b. private investors.
c. state regulators.
d. the Securities and Exchange Commission.
Answer:
Arnold enters a Bunco tournament hosted by Bunco Players Association (BPA). During
the event, Arnold signs an agreement that stipulates BPA will pay all of the winner's
fees and expenses to attend the Bunco World Games, but if the winner does not attend,
he or she agrees to repay the funds. Arnold wins and BPA pays his expenses, but he
does not go to the World Games. In BPA's suit to recover the expended funds, a court is
most likely to rule that the agreement is
a. an invalid modification of the tournament contract between Arnold and BPA.
b. binding to the extent that the parties 'split the difference.'
c. not binding because it was signed 'during the event.'
d. binding and Arnold must repay the funds.
Answer:
Like most successful companies, Pads & Phones, Inc. (P&P), has trade secrets. The law
protects those secrets if
a. P&P employees do not divulge the information to outside parties.
b. P&P employees do not handle confidential documents.
c. P&P employees never leave the company's employ.
d. the information is unique and has value to a competitor.
Answer:
Grain Mills Corporation is required to register its securities under Section 12 of the
Securities Exchange Act of 1934. Section 14(a) of the act regulates
a. the declaration of dividends by Grain Mills's board of directors.
b. the later re-registration of Grain Mills's securities.
c. the short-swing activities of Grain Mills's insiders.
d. the solicitation of proxies from Grain Mills's shareholders.
Answer:
In 2014, Cloud Computing Corporation registers its trademark as provided by federal
law. After the first renewal, this registration
a. is renewable every ten years.
b. is renewable every twenty years.
c. runs for the life of the corporation plus seventy years.
d. runs forever.
Answer:
Generally, the law assumes that the principal is aware of any information acquired by
the agent that is relevant to the agency.
Answer:
Dumping is the exporting of environmentally polluting goods to a foreign market.
Answer:
The International Court of Justice normally has authority to settle legal disputes only
when nations voluntarily submit to its jurisdiction.
Answer:
Water-quality standards are set by the Environmental Protection Agency.
Answer:
A sole proprietor does not own the entire business.
Answer:
The extreme risk of an activity is a defense against imposing strict liability.
Answer:
