Most-favored-nation status is:
a. part of the GATT treaty.
b. part of United States’ trade policy only.
c. is only part of EU governance.
d. none of the above
Federal agencies are exempt from Title VII.
a. True
b. False
A reversible error is:
a. any mistake made in a case.
b. one that might have affected the outcome of a case.
c.determined during a motion for summary judgment.
d.none of the above
Proximate cause:
a. is the same as causation.
b. need not be proved in every negligence case.
c.was established in the Palsgrafcase.
d.is no longer an element of negligence.
Which of the following is an example of a reversible error?
a. misapplication of the law by the judge
b. refusal to allow material testimony
c.trial publicity
d.a and b only
A corporation is said to have double taxation. What is meant by this statement?
a. The corporation pays double the tax rate of individuals.
b. The corporation pays taxes on its income and its shareholders pay taxes on their
dividends from the corporation.
c.both a and b
d.none of the above
The Federal Trademark Dilution Act permits private suit for tarnishment of a trademark.
a. True
b. False
Unethical behavior is not necessarily illegal behavior.
a. True
b. False
Parol evidence is always admissible for challenging contract terms.
a. True
b. False
A tombstone ad can be run before the registration statement is effective.
a. True
b. False
Assumption of risk is not a defense unless there was full information prior to the risk
being assumed.
a. True
b. False
Peremptory challenges:
a. are challenges for cause.
b. are generally limited in each case.
c.require specific reasons for use.
d.require proof of bias or prejudice of the juror.
e. none of the above
Which school most parallels the Friedman model for social responsibility?
a. inherence school
b. enlightened self-interest school
c.invisible hand school
d.social responsibility school
The summons is the same document as the complaint.
a. True
b. False
Where in the U.S. Constitution are the provisions governing a student’s right to a
hearing prior to suspension from school?
a. First Amendment
b. Commerce Clause
c. Article III
d. Article II
e. Fifth Amendment
The government of Argentina has taken over all the country’s banks. No compensation
has been paid. Some U.S. citizens and businesses had accounts in the banks. Absent
treaty provisions the takeover:
a. can be set aside by a U.S. federal court because no compensation was paid.
b. can be partially set aside by a U.S. federal court on the accounts of U.S. citizens and
businesses.
c. can be reviewed by the U.S. State Department.
d. is immune from review under the act of state doctrine.
Toyota had no ethical obligation to issue a recall on its vehicles with sudden unintended
acceleration problems because Toyota did not manufacture the parts that caused the
problems.
a. True
b. False
John Reisen posted the following message in a chat room, ” MIC Corporation will have
to restate its earnings for the past 3 years. Its CEO will resign in disgrace because he is
responsible.” The message is false and MIC Corporation’s shares lose 45% of their
value before the company can stop the rumor.
a. Reisen has committed the tort of defamation.
b. Reisen has not committed the tort of defamation because there is no publication.
c.Reisen has not committed defamation because there are no damages to the company,
only the shareholders.
d.both b and c
e. none of the above
Which of the following ethical models incorporates conscience into the
decision-making process?
a. Front-page-of-the-newspaper test
b. WallStreetJournaltest
c.Blanchard and Peale model
d.Positive law
e. none of the above
HIPAA is a federal law for medical privacy.
a. True
b. False
E-mail cannot be obtained during discovery.
a. True
b. False
To obtain the protections and benefits of the sentencing guidelines, companies must
have a code of ethics.
a. True
b. False
Ann Frazer has just purchased a new Maserati. Ann will be borrowing the money from
her bank. Ann signed the contract at 8:00 PM at the dealership and her bank will not be
open until 10:00 AM the following day. Ann:
a. has a contract regardless of whether her bank approves her loan.
b. has made a conditional acceptance and has no contract.
c.will be excused from her contract if the bank does not approve her loan.
d.none of the above
Rich Hasbro is a vice president for Huffy Diapers. He currently heads the African
division of this international company. He has just been able to secure approval for sale
of Huffy Pull-Ons in the Sudan. When the Pull-Ons arrive at the borders, a customs
agent demands $5,000 before he will allow the Pull-Ons into his country. Rich tells the
trucking company, “Pay him. I”ll reimburse.”
a. Rich has not violated the FCPA because this is a facilitation payment.
b. Rich has not violated the FCPA because a third party made the payment.
c. Rich has violated the FCPA.
d. none of the above
Requiring a franchisee to use trademark napkins is a perse antitrust violation.
a. True
b. False
A-Plus Linens sent the following notice to JohnC.Lincoln Hospital: “We’ll pay you.
Drop your current linen service and we’ll give you $5 for every 100 pounds of linen you
send our way.” The notice sent by A-plus:
a. is contract interference.
b. is defamatory.
c.is invasion of privacy.
d.none of the above
Employers are permitted to monitor employee Tweets about company issues.
a. True
b. False
Maximum price requirements:
a. do not constitute antitrust violations because of the benefits to consumers.
b. only affect the amount sold and not the competition; and there is no antitrust
violation.
c.constitute resale price maintenance.
d.none of the above
In Weyerhaeuserv.Ross-Simmons, Weyerhaeuser was found liable for:
a. predatory bidding.
b. predatory pricing.
c.nothing.
d.monopsony violations.
The Celler-Kefauver Act regulates asset acquisitions.
a. True
b. False