1.What is true about stocks and bonds?

a.Stocks and bonds both represent debt by the corporation.

b.Stocks do not have a fixed dividend rate while bonds have an interest rate.

c.Stockholders can elect the board of directors while bondholders cannot.

d.All corporations issue stocks and bonds.

e.All of the above

f.b. and c.

2.When a corporation is harmed by the actions of a third party, and the directors fail to

bring a lawsuit in the name of the corporation against that party, what is true?

a.Shareholders can bring a "shareholder's derivative suit."

b.A written demand by the shareholders to the directors must be given before suit is filed.

c.Damages recovered go into corporate funds.

d.All of the above.

e.None of the above.

3.A civil case, that has or will have over $100,000 in damages, which involves citizens of

different states, can be filed in:

a.Federal district court.

b.State district court (or superior or circuit court depending upon the state).

c.The U.S. Supreme Court.

d.All of the above.

e.a. and b.

4.If the plaintiff and the defendant(s) agree on the facts, and the sole issue is a question of

law, what motion should be filed?

a.A motion for judgment on the pleadings.

b.A motion for summary judgment.

c.A motion for a judgment not-withstanding the verdict.

d.None of the above.

5.What is true about the defense of mistake in criminal law?

a.Ignorance of the law can be used as an excuse.

b.A mistake of the law can be used as an excuse.

c.A mistake of fact can be used as an excuse.

d.A mistake of law or fact can be used as an excuse.