LWP 372 Test 1

subject Type Homework Help
subject Pages 3
subject Words 211
subject Authors Frank B. Cross, Roger LeRoy Miller

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page-pf1
An occurrence or event that makes performance temporarily impossible operates to
discharge the parties' contractual duties.
Answer:
The key to liability under Section 10(b) of the Securities Exchange Act of 1934 and
SEC Rule 10b-5 is whether information omitted or misrepresented in connection with
the purchase or sale of a security is material.
Answer:
A contract entered into by an intoxicated person is never valid.
Answer:
Laws and government regulations affect almost all business activities.
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Answer:
Some cities use online dispute resolution as a means of resolving claims against them.
Answer:
In a Chapter 11 case, the court cannot confirm a reorganization plan over the objections
of a class of creditors.
Answer:
Administrative agencies generally have no discretion over the type of hearing
procedures that they use.
Answer:
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The primary responsibility for implementing air-pollution standards established under
the Clean Air Act rests with state and local governments.
Answer:
Only the federal government may restrict emissions from motor vehicles.
Answer:

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