A witness in a high profile criminal trial is a public figure.
a. True
b. False
The SEC prohibits an analyst from issuing a report that is contrary to the analyst’s true
opinion about a security.
a. True
b. False
Wages and hours are examples of mandatory subjects for good-faith bargaining.
a. True
b. False
A corporation is only a domestic corporation in its state of incorporation.
a. True
b. False
John Smith is injured at work when he and another employee hold forklift races during
their lunch hour at the warehouse where they work. All workers had been repeatedly
warned about using the forklifts for such activity. Which of the following statements is
true?
a. John’s injuries will not be covered under workers’ compensation because of his
negligence.
b. John’s injuries will be covered under workers’ compensation.
c.John’s injuries will not be covered because he violated company rules in doing the
races.
d.none of the above
An employment-at-will relationship is:
a. one in which there is a definite ending date.
b. rare in the employment market.
c.now illegal.
d.none of the above
The UCC rules on additional terms in acceptance are the same for merchants and
nonmerchants.
a. True
b. False
Only libel requires proof of publication.
a. True
b. False
Restaurants have no liability for natural items such as bones in chicken that injure
customers.
a. True
b. False
The Bill of Rights contains the Commerce Clause.
a. True
b. False
Ralph Waters owns forested land. The Department of the Interior has declared that a
small fruitfly on his property is an endangered species and prevented the harvesting of
trees there. Ralph:
a. cannot harvest trees.
b. is entitled to compensation for a taking.
c.can challenge the determination in court.
d.None of the above.
Under CARD, the terms of the credit card must be:
a. sent to the customers.
b. printed on paper.
c.posted on the Internet.
d.all of the above.
My E-Medicine, Inc.is a company that offers prescriptions over the Internet. The
company has a worldwide customer base. A company based in France has alleged that
My E-Medicine is selling a generic drug that violates the French company’s patent. The
company has filed suit against My E-Medicine in France and has sought to use the U.S.
Marshal in the United States to serve process for the suit. Which of the following best
describes the rights of My E-Medicine?
a. My E-Medicine can be required to go to France to defend the lawsuit because it sells
its products there.
b. My E-Medicine has violated the Computer Fraud and Abuse Act.
c.My E-Medicine can challenge the jurisdiction of the U.S. Marshals here in federal
district court.
d.My E-Medicine is not responsible for the patent infringement of another company.
e. none of the above
What new businesses were affected by the Clean Air Act amendments of 1990?
a. bakeries
b. dry cleaners
c.air conditioner repair services
d.all of the above
NAFTA is an example of a bilateral trade agreement.
a. True.
b. False
Comparative negligence reduces the plaintiff’s recovery.
a. True
b. False
Which is not part of the National Reporter System?
a. Federal Supplement
b. Pacific Reporter
c.State supreme court decisions
d.both a and c
Comparative negligence, if established, is a complete defense to negligence.
a. True
b. False
In some states, an appeal of an administrative agency decision requires a trial denovo.
a. True
b. False
The act of state doctrine:
a. is not recognized by the United States.
b. prohibits one government from interfering in the acts of state of another government.
c. is prohibited by members of the United Nations.
d. all of the above
Maxine Knight is an investment banker who has just completed negotiations for a
merger between two major motion picture studios. Maxine lives with Ron Heywood
and suggests dinner to celebrate the successful negotiations that will become public in
three days. Ron celebrates with Maxine and the next morning buys substantial blocks of
shares in both the firms. After the merger is announced, the value of the shares doubles.
Which of the following statements is true?
a. Ron has violated Section 10(b).
b. Ron is not an insider and therefore has not violated 10(b).
c.Ron has probably violated Section 16.
d.none of the above
Match the following with the correct letter: (1) Article III
(2) Fifth Amendment
(3) First Amendment
(4) Fourteenth Amendment
a. Due process protection at the state level
b. Due process protection at the federal level c. Freedom of speech
d. Federal court system
The use of someone’s voice for commercial purposes without their permission is
appropriation.
a. True
b. False
The Nursing Mothers Law:
a. is the enabling legislation.
b. must be enforced by Congress.
c. must first be published in the FederalRegisterbefore any rules can be proposed.
d. is part of the Government in the Sunshine Act.
Promising promotions for not joining a union is an unfair labor practice.
a. True
b. False
Which justice was seen on camera disagreeing with President Obama during his State
of the Union address in
2009?
a. Justice Roberts
b. Justice Scalia
c. Justice Alito
d. Justice Thomas
Many states have imposed additional steps for making loans in the subprime lending
market.
a. True
b. False
A contract for rebinding 500 books at a cost of $1.50/book is governed by the UCC.
a. True
b. False
Product packaging stating that the line is “ideal for use on boat or dock” is mere puffery
and not an express
warranty.
a. True
b. False
Manufacturers who refuse to deal with retailers who do not charge a suggested retail
price have committed a per seviolation of the antitrust laws.
a. True
b. False