A spouse wishing to obtain a no-fault divorce merely has to assert irreconcilable
differences with his or her spouse.
Breach of contract by one party to a licensing agreement gives the nonbreaching party
the right to recover damages.
The Taft-Hartley Act gives the president of the United States the right to seek an
injunction against a strike that would create a national emergency.
Cohabitation is not sufficient in and of itself to establish a common law marriage.
The finder of an abandoned property holds title against the whole world except the
owner.
Businesses that are organized in the United States are subject to its laws, but not to the
laws of other countries in which they do business.
An answer is the defendant’s written response to a plaintiff’s complaint that is filed with
the court and served on the plaintiff.
The earnings and losses from a sole proprietorship are reported on ________.
A) the federal income tax filing document
B) the business license that is renewed each year
C) the proprietor’s personal income tax filing
D) the state income tax filing document
Which of the following is a provision of the Family Support Act?
A) that same-sex marriages are permissible for people who are legally eligible to marry
B) that specify how property will be distributed on termination of the marriage by
divorce or annulment, or the death of a spouse
C) that all original or modified child support orders require automatic wage withholding
from a noncustodial parent’s income
D) that states cannot refuse to offer federal benefits like Social Security to same-sex
married couples
The right of a seller or lessor to refuse to send goods to a buyer or lessee upon breach of
a sales or lease contract by the buyer or lessee or the insolvency of the buyer or lessee is
known as the ________.
A) right to recover purchase rent
B) right to reclaim goods
C) right to withhold delivery
D) right to dispose of goods
Reserved powers are given to the ________ by the Constitution.
A) federal government
B) judiciary
C) state governments
D) U.S. Congress
Which of the following is suitable for copyrighting?
A) buildings
B) musical compositions
C) business methods
D) product logos
Law is described as ________.
A) a body of rules of action or conduct prescribed by controlling authority, and having
binding legal force
B) a study of fundamental problems, such as those connected with existence,
knowledge, and language
C) a system that builds and organizes knowledge in the form of testable explanations
and predictions
D) a group of hypotheses employed to explain a phenomenon
Which of the following is provided by the Delaware antitakeover statute?
A) An acquirer of a Delaware corporation cannot complete a merger with the acquired
corporation unless it receives an affirmative vote from at least 35 percent shareholders
of the acquired corporation.
B) An acquirer of a Delaware corporation located outside Delaware cannot complete a
merger with the acquired corporation until it has operated in Delaware for three years.
C) An acquirer of a Delaware corporation must be incorporated in the state of Delaware
or have its principal office in the state of Delaware.
D) An acquirer of a Delaware corporation cannot complete a merger with the acquired
corporation for three years after purchasing 15 percent or more of the Delaware
corporation’s shares.
In which of the following conditions is a party’s absolute duty to perform conditioned
on the other party’s absolute duty to perform?
A) condition precedent
B) condition subsequent
C) concurrent condition
D) implied condition
Small businesses can file ________ with the SEC if they plan on raising $1 million or
less from the public issue of securities.
A) Form U-7
B) a registration statement
C) an operation agreement
D) a certificate of interest
The ________ forbids the use of oppressive child laborand makes it unlawful to ship
goods produced by such labor.
A) Occupational Safety and Health Act
B) Fair Labor Standards Act
C) Family and Medical Leave Act
D) Employee Retirement Income Security Act
If a competitor reverse engineers a trade secret, then the competitor is ________.
A) allowed to use the trade secret but not the original trademark
B) rightfully allowed co-ownership to the trade secret and its original trademark
C) not allowed to gain commercially from the trade secret
D) obliged to inform the original owner of the trade secret
Which school of jurisprudential thought emphasizes using law as a tool for market
efficiency while solving legal disputes?
A) the Critical Legal Studies School of jurisprudence
B) the Command School of jurisprudence
C) the Sociological School of jurisprudence
D) the Law and Economics School of jurisprudence
Which of the following is a good faith purchaser?
A) a person who pays sufficient consideration for good to someone he honestly believes
has good title
B) a person who buys stolen goods without being aware of it
C) a buyer who agrees to hold goods for a person until the delivery of the goods is
made
D) a buyer to whom goods are delivered by a seller to sell on the seller’s behalf
A ________ is a product formula, pattern, design, compilation of data, customer list, or
other covert business information.
A) copyright
B) patent
C) trade secret
D) trademark
A(n) ________ is a document that modifies an insurance policy and becomes part of the
insurance policy.
A) endorsement
B) easement
C) injunction
D) convention
What is the United Nation’s Biosafety Protocol for genetically altered food?
Explain the IRAC method of case analysis.
What is an easement and how is it created?
How is a mistake different from fraud?
Explain the different types of warranty disclaimers.
What is an antideficiency statute?
Briefly explain the Chapter 11 plan of reorganization.
Explain, in brief, the types of federal administrative agencies with examples.
Distinguish between limited protected speech and unprotected speech as categorized by
the U.S. Supreme Court.