The firm offer rule allows the offeror to revoke an offer at any point of time prior to its
acceptance.
A third party can bring a tort action against an accountant in case of constructive fraud.
A tender offer targets the board of directors of the target corporation.
During a counteroffer, the previous offeror remains the offeror.
Limited warranties are made more often by sellers and lessors than are full warranties.
A patent number is given to a patent that is still under consideration.
While answering a complaint, a defendant cannot assert affirmative defenses.
Labor unions use the approach of individual bargains with employers to obtain better
working conditions.
What happens to a copyrighted work after it has finished its copyright period?
A) The work will enter the public domain to be used for free.
B) A non-copyright holder can purchase the rights to the work.
C) The copyright can be renewed for a fee by the original creator of the work.
D) The government takes over ownership of the work, and provides it to the public
domain for a fee.
The 2005 bankruptcy act provides that after already getting relief under other chapters
of the Bankruptcy Code, a debtor can be granted Chapter 7 relief in which of these
situations?
A) six years following Chapter 11 relief
B) four years following Chapter 11 relief
C) six years following Chapter 12 relief
D) twelve years following Chapter 13 relief
A(n) ________ is issued by the courts to the rightful owner following the Torrens
method of determining title to the real property.
A) title insurance
B) abstract of title
C) certificate of title
D) restraining order
The new line of sunscreen products marketed by Radiance has allegedly been
developed after using large-scale animal testing procedures. Insiders revealed that the
high levels of lead present in the products have proven to be fatal for many of the
animals used in the laboratories. Radiance is likely to be inspected for suspected
criminal violations of the ________.
A) Food, Drug, and Cosmetic Act
B) Consumer Product Safety Act
C) Health Care Reform Act
D) Federal Trade Commission Act
Which of the following shares have the right to vote?
A) unissued shares
B) treasury shares
C) outstanding shares
D) liquidated shares
Which of the following acceptances is allowed for an offer under common law?
A) mirror image rule acceptance
B) open term acceptance
C) deposited rule acceptance
D) additional terms acceptance
Eliza buys a car from TinCar Autos with a warranty that says that any defect of the car
will be repaired or replaced free for a period of six months after the sale. TinCar has
taken security interests in the car. Before completely paying for the car, Eliza sells the
car to Mona for cash. Mona is unaware of TinCar’s security interest in the car. After
Eliza misses several of her payments, TinCar discovers that Mona has the car, and
repossesses it. What kind of warranty did TinCar provide to Eliza?
A) limited warranty
B) full warranty
C) warranty of good title
D) warranty of no interference
The ________ issued new rules that permit a party to register a domain name with
personalized TLD suffixes.
A) UCITA
B) ACPA
C) ICANN
D) ECPA
Which of the following statements is true of battery?
A) Battery refers to intentional infliction of emotional distress.
B) Assault and battery often occur together.
C) Actual physical contact is not necessary for a tort to be termed as battery.
D) Indirect physical contact between the victim and the perpetrator is not battery.
Portman, who runs a computer hardware store, had signed a contract with Stewie Inc. to
deliver 125 computer monitors. He was to deliver it by the 5th of August, but by the
3rdof August, Portman could not arrange for the monitors, as his usual supplier was not
available. Portman then decided to go to another supplier who had a higher selling price
rather than cancel the contract with Stewie Inc., as he believed it was his duty to do so.
Which of the following moral theories matches Portman’s behavior?
A) Kantian ethics
B) utilitarianism
C) Rawls’s social justice theory
D) moral relativism
An indorsement that contains the signature of the indorser and specifies the person to
whom the indorser intends the instrument to be payable is known as a(n) ________.
A) qualified indorsement
B) unqualified indorsement
C) blank indorsement
D) special indorsement
Which of the following entities does the ECPA permit to access stored electronic
communication?
A) law enforcement entities performing an investigation
B) the owner of the website where the user has an e-mail account
C) the Internet service provider
D) the bank where an account holder keeps his finances
An accommodation party is secondarily liable if the accommodation is in a ________.
A) guarantee of promise
B) guarantee of demand
C) guarantee of collection
D) guarantee of payment
A jury that cannot come to a unanimous decision about the defendant’s guilt is called
a(n) ________.
A) open jury
B) grand jury
C) hung jury
D) struck jury
Which of the following is a benefit of a living trust?
A) It helps reduce estate taxes more than a will does.
B) It helps avoid probate associated with the property.
C) It is not subject to property division on divorce.
D) It does not allow creditors to obtain liens against the property.
Which school of jurisprudence bases its principles, for solving legal disputes, on broad
notions of fairness, and subjective decision making by judges?
A) the Natural Law School of jurisprudence
B) the Analytical School of jurisprudence
C) the Critical Legal Studies School of jurisprudence
D) the Sociological School of jurisprudence
________ refers to a doctrine that says a plaintiff who is partially at fault for his or her
own injury cannot recover against the negligent defendant.
A) Contributory negligence
B) Comparative negligence
C) Comparative fault
D) Assumption of risk
A gift that is made in contemplation of death is known as a(n) ________.
A) profit–prendre
B) estate pour autre vie
C) gift inter vicos
D) gift causa mortis