1) which of the following is true of the contract clause?
a.it applies to laws that impair contracts made after the laws passage.
b.it imposes tougher standards on government contracts than on private contracts.
c.it does not apply to government contracts.
d.it has gradually increased in importance from the 19th century to the 20th century.
2) which of the following is an informal alternative method for promoting settlement of
disputes from a formal court trial?
a.minitrial
b.summary judgment
c.directed verdict
d.peremptory challenges
3) what can an offeror do to minimize the risk posed by the mailbox rule?
a.include separate additional terms
b.include a receipt stipulation in the contract
c.select only known parties as original offerees
d.revoke the offer before acceptance
4) in limited liability partnership, most of the partners have liability for partnership
obligations:
a.beyond the partnership assets.
b.upto the extent of the partnership assets.
c.as per the partnership rules & regulation.
d.as per the demand of the partner.
5) _____ enumerates the principle of federal supremacy.
a.article iii
b.article iv
c.article v
d.article vi
6) ben, a big bank checking account customer, wrote a check for $1,000 to mia. at the
time that mia presents the check for payment at big bank, ben has $1,500 in his account.
however, the clerk mistakenly refuses to pay the check and stamps it nsf. mia then goes
to the local prosecutor, and ben is later arrested for writing a bad check. ben could
recover from big bank the damages involved in his arrest, such as attorneys fees.
7) the right of minors to avoid a contract as a means of protecting themselves against
their own improvidence and against overreaching by adults is called:
a.emancipation.
b.ratification.
c.adjudication.
d.disaffirmance.
8) delta corp. leased 60,000 square feet in an office building from tanner under a written
25-year lease. which of the following statements is correct?
a.tanners death will terminate the lease and delta will be able to recover any resulting
damages from tanners estate.
b.tanners sale of the office building will terminate the lease unless both delta and the
buyer consent to the assumption of the lease by the buyer.
c.in the absence of a provision in the lease to the contrary, delta does not need tanners
consent to assign the lease to another party.
d.delta corp. can legally take possession of tanners building at the end of the lease
period.
9) according to several state statutes including the california statute, what is the least
number of directors required to form the board of directors?
a.5
b.9
c.1
d.3
10) the equal employment opportunity commission (eeoc) was formed to regulate on a
variety of issues pertaining to discrimination in employment-related contexts. if the
eeoc were to promulgate a regulation specifying safety standards for chainsaws in
workplaces, this action could best be attacked as being:
a.obiter dictum.
b.inter alia.
c.nonobstante veredicto.
d.ultra vires.
11) the employee polygraph protection act is enforced by the _____.
a.labor department
b.state
c.eeoc
d.nlrb
12) susan smith steals a valuable necklace from pamela jones. the necklace bears joness
full name. smith takes the necklace to a pawnshop, sells it to the shop, and gets a check
for $10,000 in the name of pamela jones. smith then indorses the check in joness name
and transfers it to harry anderson. which of the following is true about this situation?
a.harry cannot be a holder because the indorsement was forged.
b.harry cannot be a holder because of the imposter rule.
c.the check has been negotiated to harry.
d.susan smith can keep the necklace since she is now the owner.