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The CISG:
a. is the contract law of the EU.
b. is part of GATT.
c. was drafted by a commission of the United Nations. d. has been adopted in virtually
every nation.
The solicitation of credit card customers is not regulated by the federal government.
a. True
b. False
A court that has subject matter jurisdiction over a case also has inpersonamjurisdiction
over the case.
a. True
b. False
Which of the following sets limits on removal of profits from a country?
a. expropriation
b. forum non conveniens
c. repatriation
d. sovereign immunity
Tariffs can be revenue-raising and protectionist for domestic goods.
a. True.
b. False
Most insurers now include an exclusion policy on CERCLA exposure, but coverage is
available as a policy rider.
a. True
b. False
States do not limit the length of time a person can receive disability payments.
a. True
b. False
Only actions taken by federal agents and agencies require the filing of an EIS.
a. True
b. False
The liability limitation for credit card holders who report a loss or theft is $50.
a. True
b. False
Ace Hauling, Inc., has been transporting industrial tailings for companies around the
Minneapolis/St. Paul area for the past decade. The site at which the tailing were
dumped has been designated at a CERCLA Superfund site. Ace Hauling's board of
directors voted to sell Ace to a new corporation created by legal counsel for Ace. All of
Ace's assets, liabilities and contracts will be transferred to the new corporation whose
owners are unaware of Ace's history. By creating the new corporation and transferring
the assets:
a. Ace can avoid liability under CERCLA.
b. Ace has done nothing to change its CERCLA liability.
c.Ace can avoid any contractual liability under CERCLA.
d.Ace eliminates its liability if its directors have no say in running the new corporation.
e. none of the above
An employer rule prohibiting female employees from attending law school at night
while allowing men to do so is an example of disparate treatment discrimination.
a. True
b. False
Most RICO charges involve:
a. mail fraud, wire fraud or securities fraud
b. organized crime.
c. wage tax violations.
d.individuals and not companies.
A hung jury requires a retrial of the case.
a. True
b. False
The statute of limitations on EEOA claims is four years.
a. True
b. False
Embezzlement is theft by an employee.
a. True
b. False
Mary Scoot was hired to manage the Cactus Cart, a tiny kiosk located in Sky Harbor
Airport in Phoenix. No specific duties were listed, but the business owner who hired
Mary told her, "Just sell the plants and deposit the money." Mary would have the
implied authority to:
a. take checks as payment.
b. change the business name.
c.sell the kiosk.
d.all of the above
Exhaust, Inc.has the exclusive contract with the state of California for building,
maintaining, and operating the state's vehicle emission testing centers. Auto Emissions,
Inc.has announced it will submit a bid on the upcoming renewal. Exhaust, Inc.has
begun lobbying state legislators to pass a bill allowing only in-state firms to be awarded
the exclusive emissions contract. Exhaust is a California corporation and Auto
Emissions is a New York corporation. Exhaust's conduct is:
a. an intentional act designed to create a monopoly and violates the Sherman Act.
b. a boycott and a violation of the Sherman Act.
c.an attempt at price fixing and a violation of the Sherman Act.
d.protected under the Noerr-Penningtondoctrine.
The public comment period of 30 days in federal agency rulemaking can be shortened
in cases of emergency.
a. True
b. False
Transfer of a partner's interest:
a. is void.
b. results in dissolution of the partnership.
c.relieves the partner of liability.
d.makes the transferee a partner.
e. none of the above
Several states have recently enacted legislation to permit casino gambling on river boats
docked in their states.
Gambling is permitted only while the boats are traveling in the rivers surrounding or
inside the states. One governor issued the following statement: "It wouldn't matter how
many gaming statutes are passed or how many legislatures passed them, the fact of the
matter is that commercial gambling is wrong." This governor's views:
a. indicate that he follows the positive law theory.
b. indicate that he follows the natural law theory.
c.indicate that he is against principles of justice.
d.are most parallel to those of Oliver Wendell Holmes.
An employee who is raped at the employer's plant site while on the job is:
a. covered by workers' compensation.
b. not covered by workers' compensation and could recover damages only from the
perpetrator.
c.not covered by workers' compensation and could recover damages from the employer.
d.none of the above
The disclosure of private but true facts is not an invasion of privacy.
a. True
b. False
A lack of business ethics can result in a lack of business goodwill.
a. True
b. False
A gratuitous agency is one in which the agent is not paid.
a. True
b. False
Most favored nation status means:
a. there are no import or export tariffs.
b. the country can engage in software importation with no intellectual property
protections in place.
c. the country is a party to the NAFTA treaty.
d. there are no human rights issues in the country.
e. none of the above
Under the UCC, offers need price, subject matter, and quantity to be definite enough.
a. True
b. False
Under OSHA, random inspections are permitted if:
a. announced.
b. a warrant is obtained.
c.there has been a complaint.
d.none of the above
Which of the following questions is prohibited under the ECOA?
a. "Will your husband approve of you getting this credit card?"
b. "Are you now pregnant or are you planning to be?"
c."We don't count public assistance income."
d.All of the above are ECOA violations.
A new statute passed by the state of Vermont prohibits the sale of any maple syrup not
produced in Vermont anywhere in Vermont. The legislators maintain that the statute is
for the health and welfare of Vermont residents because the state of Vermont regulates
producers to ensure quality and sanitation standards. The new statute is:
a. constitutional as an exercise of the health and safety regulatory powers of the state.
b. constitutional as a control of intrastate commerce.
c. constitutional because it applies only to sales in the state.
d. unconstitutional because of its excessive approach.
Repatriation is the limitation on removal of profits earned in a country from that
country.
a. True.
b. False
The CISG follows the mirror image rule in formation.
a. True
b. False
A contract for the sale of a $12.2 million Lear jet would be governed by common law
because a document of title is involved.
a. True
b. False
Which country is perceived as the most corrupt country in the 2012 Corruption
Perceptions Index?
a. Iraq
b. Iran
c.Somalia
d.Singapore
