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1) one of the two principal regulatory components of the 1933 act is:
a.distribution provisions.
b.restricted provisions.
c.registration provisions.
d.disclosure provisions.
2) as per section 4(2) of the 1993 act, registration is not required for:
a.transactions which are done by non-charitable organizations.
b.transactions by agricultural corporations.
c.interstate securities transactions.
d.transactions by an issuer which does not involve a public offering.
3) which of the following is true of the safe drinking water act?
a.the primary responsibility of complying with the established standards lies with the
federal government.
b.it applies to public water bodies and water suppliers, and not to private suppliers.
c.the epa sets primary drinking water standards, minimum levels of quality for water
consumed by humans.
d.it sets up a permit system regulating the dumping of all types of materials into ocean
waters.
4) pam and deb were in a car accident. deb went through a red light, hitting pam from
the side. pam was driving 45 miles per hour in a 25 miles per hour zone. pam sues deb
based on negligence for damages. if pam loses the suit, which of the following is the
most likely reason?
a.the lawsuit was filed in a contributory negligence state.
b.the lawsuit was filed in a comparative negligence state.
c.pam is uninsured.
d. pams accident was seen as res ipsa loquitur.
5) a holder in due course does not take free of the _____, which go to the validity of the
instrument or of claims that develop after he becomes a holder.
a.personal defenses
b.relative defenses
c.procedural defenses
d.real defenses
6) what allows a defendant to be held liable for infringement even though the subject
matter he used contained elements that were not identical to those described in the
patentees claims of invention, but nonetheless, may be seen as equivalent to those of the
patented invention?
a.literal infringement
b.double jeopardy clause
c.strict liability
d.doctrine of equivalents
7) the statute of limitation provision of the ucc holds that for contracts for the sale of
goods (in the absence of contractual agreement to the contrary), the period of time
within which a lawsuit must be commenced is:
a.one year.
b.two years.
c.three years.
d.four years.
8) in which of the following cases will the u.s. supreme court have original, but not
exclusive, jurisdiction?
a.when the validity of any treaty has been questioned.
b.when the validity of a federal statute has been questioned.
c.when there is a controversy between two or more states.
d.when a state proceeds against citizens of another state.
9) which legal form of business has the ability to attract the greatest amount of capital
from investors?
a.a limited liability company
b.a partnership
c.a corporation
d.a sole proprietorship
10) a promoter owes a fiduciary duty to the corporation and to its prospective investors.
this implies that:
a.a promoter is an agent of the prospective corporation.
b.prospective investors in the business can control actions of a promoter.
c.a promoter may engage in intrinsically fair transactions with the corporation.
d.a promoter is an agent of the prospective investors in the business.
