1) what is emancipation?
a.termination of a case of fraud and misrepresentation.
b.termination of a bargain that is considered void.
c.termination of parental rights to control a child.
d.termination of necessaries in a quasi-contractual case.
2) white-collar crime is the term used to describe a wide variety of offenses committed
by:
a.the average working class.
b.poor americans.
c.businesspersons.
d.juveniles.
3) jason believes that he is a limited partner in yorktown yankees limited partnership.
jason discovers that no limited partnership certificate has been filed with the secretary
of state. what should he do?
a.withdraw from the limited partnership by obtaining a refund of his capital
contribution.
b.cause a proper certificate of limited partnership to be filed with the secretary of state.
c.file with the secretary of state a limited partner certificate declaring his limited partner
status.
d.nothing. his status is not affected by the failure to file a limited partnership certificate.
4) the doctrine of respondeat superior means:
a.let the buyer be aware.
b.you may have the body.
c.of private right.
d.let the master answer.
5) tony is employed as a truck driver for soprano corporation (sc). while making a
delivery for sc, tony negligently ran over a pedestrian. who is liable for this accident?
a.tony only.
b.tony and sc, because of strict liability.
c.tony and sc, because of vicarious liability.
d.neither tony nor sc, because this was an accident, not an intentional injury.
6) which of the following statements is true of not-for-profit corporations?
a.they provide services to their members.
b.they must distribute all of their surplus revenues to their shareholders.
c.they must distribute all of their excess revenues to charities.
d.they issue stocks only to their owners.
7) according to the 2005 revisions of the bankruptcy code:
a.any eviction proceedings in which the landlord obtained a judgment of possession
prior to the filing of the bankruptcy petition can be continued.
b.any eviction proceedings in which the landlord obtained a judgment of abandonment
prior to the filing of the bankruptcy petition can be continued.
c.any eviction proceedings in which the landlord obtained a judgment of defeasance
prior to the filing of the bankruptcy petition can be continued.
d.any eviction proceedings in which the landlord obtained a judgment of vicarious
liability prior to the filing of the bankruptcy petition can be continued.
8) the ultra vires doctrine states that:
a.the corporation may engage in any lawful business.
b.a corporation is liable for an employees tort that is connected to the authorized
conduct of the employee.
c.any action of a corporation beyond its stated powers is void.
d.the board of directors must manage the corporation.
9) the equal protection standard is generally judged in a lenient manner. however, laws
that discriminate regarding _____ are made to undergo a much more rigorous test.
a.education
b.profession
c.race
d.age
10) the cisg:
a.provides uniformity for transactions among contracting parties in different states in
the united states.
b.applies only to consumers, not commercial parties.
c.applies only to services, not sales of goods.
d.does not have provisions to cover every contract problem that might occur.