A lienholder must file a notice of lien with the county recorder’s office in the county in
which the real property subject to the lien is located.
The Privacy Act provides that documents in the possession of federal administrative
agencies are confidential to the respective agencies and cannot be accessed by the
public.
Negotiable instruments help in creating a credit economy.
Undisclosed self-dealing by an agent is not regarded as violation of the duty of loyalty.
The National Labor Relations Board is an administrative body that prevents union
members from engaging in illegal labor practices.
Sociological philosophers are unlikely to adhere to past law as precedent.
If an action would increase the good of twenty-five people by one unit each and an
alternative action would increase the good of one person by twenty-six units, then,
according to utilitarianism, the latter action should be taken.
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 requires that
before an individual debtor receives a discharge in a Chapter 7 or Chapter 13
bankruptcy, the debtor must attend a personal financial management course approved
by the U.S. Trustee.
A person who practices as an accountant, but is not certified, is referred to as a public
accountant.
The acceptance method is a method whereby a bankruptcy court confirms a plan of
reorganization if the creditors accept the plan and if other requirements are met.
Critical legal thinking requires intellectually disciplined thinking.
A bailment for the sole benefit of the bailee is an example of ordinary bailment.
The Information Infrastructure Protection Act makes it a crime for anyone to access and
acquire information intentionally from a protected computer without authorization.
The EB-1 visa is a visa that allows U.S. employers to employ in the United States
foreign nationals who possess exceptional qualifications for certain types of
employment.
If the goods are rejected for nonconformance, the cost of inspection can be recovered
from the seller.
Which of the following acts is seen as conclusive proof for the existence of a
corporation?
A) creation of the promoter’s contracts
B) filing the articles of incorporation
C) acquiring a domain name for the corporation
D) selecting a state for incorporation
________ stipulates that the contract is a complete integration and the exclusive
expression of the parties’ agreement.
A) Promissory estoppel
B) Merger clause
C) Main purpose exception
D) Leading object exception
The NLEA applies to packaged foods and other foods regulated by the ________.
A) U.S. Department of Agriculture
B) Consumer Product Safety Commission
C) Patient Protection and Affordable Care Act
D) Food and Drug Administration
________ is a tort doctrine that makes manufacturers, distributors, wholesalers,
retailers, and others in the chain of distribution of a defective product liable for the
damages caused by the defect, irrespective of fault.
A) Absolute liability
B) Contingent liability
C) Superior responsibility
D) Strict liability
Which of the following statements is true of a revocation?
A) It can be made by the offeree.
B) It needs to be received by the offeree to be effective.
C) It can be done even after acceptance of the offer.
D) It can be applied to an option contract.
Which of the following acts protects persons from harassment by federal administrative
agencies?
A) the Freedom of Information Act
B) the Government in the Sunshine Act
C) the Equal Access to Justice Act
D) the Privacy Act
Which of the following types of relationship exists when a person hires another person
to perform some form of physical service but does not authorize that person to enter in
to contracts on his or her behalf?
A) employer-employee relationship
B) employer-agent relationship
C) principal-third party relationship
D) principal-agent relationship
Which of the following is a ground for revoking an acceptance?
A) if the seller makes a timely cure of nonconforming goods
B) if the goods are accepted after the nonconformity is discovered
C) if the buyer has accepted only one commercial unit from the entire unit
D) if the nonconformity substantially impairs the value of the goods to the buyer
In which of the following is an accommodation party primarily liable?
A) guarantee of payment
B) guarantee of collection
C) guarantee of demand
D) guarantee of promise
Enacted in 1932, the ________ is a federal statute which stipulates that it is legal for
employees to organize.
A) National Labor Relations Act
B) Labor Management Relations Act
C) Taft-Hartley Act
D) Norris-LaGuardia Act
________ picketing is a type of picketing in which a union tries to bring pressure
against an employer by picketing the employer’s suppliers or customers.
A) Primary boycott
B) Secondary boycott
C) Consumer boycott
D) Group boycott
James had a contract with Frasier to fix Frasier’s plumbing issue at his home. The
contract was made for $3,000. But after the work was completed, Frasier refused to pay
anything unless James agreed to accept $2,500. Which of the following is true of an
accord?
A) The accord terminates the original contract.
B) The nonbreaching party cannot enforce the original contract if the accord is not
satisfied.
C) It is enforceable even though no new consideration is given.
D) An accord is only reached when both parties of the contract fail to meet their
contractual obligations.
A ________ is a written document signed by a contractor, subcontractor, laborer, or
material person, waiving his or her statutory lien against real property.
A) garnishment
B) accommodation
C) lien release
D) notice of lien
How is the doctrine of unconscionability related to public policy?
A) The doctrine of unconscionability is based on public policy.
B) All contracts contrary to public policy are considered unconscionable.
C) Both are used to save a contracting party from a bad bargain.
D) Both are very distinctly defined by law.
Which of the following would come under the purview of the Medicinal Device
Amendment to the FDCA?
A) a new oral medication for depression
B) a new range of cosmetics to reduce signs of aging
C) a new and compact heart pacemaker
D) a revolutionary drug therapy for cancer
Which of the following legislations makes it a criminal offense to willfully make any
untrue statement of material fact in a registration statement filed with the SEC?
A) Section 24 of the Securities Act of 1933
B) Tax Reform Act of 1976
C) Private Securities Litigation Reform Act of 1995
D) Section 10(b) of the Securities Exchange Act of 1934