1.What is true if the directors of a corporation fail to declare a dividend?

a.Shareholders can ask a court to compel the directors to do so.

b.To prevail, the shareholders must show that the directors have acted unreasonably.

c.There must be sufficient earnings or surplus available.

d.All of the above.

e.a. and b.

2.What is the rule called requiring that if the contract being executed is or must be in writing, then the agent's authority must also be in writing?

a.Express authority rule.

b.Written agency rule.

c.Equal dignity rule.

d.None of the above.

3.Regarding precedent, a state court can:

a.Overturn precedent of that state's highest court.

b.Overturn precedent of the United State Supreme Court.

c.Follow the precedent of lower courts in that state.

d.All of the above

e.Look to the persuasive authority of other states if that state has no precedent.

4.Which school of legal thought is the most pragmatic?

a.Natural law.

b.Legal positivism.

c.Historical.

d.Legal Realism

5.Which of the follow is/are example(s) of cyber fraud?

a.Online retail fraud.

b.Online auction fraud.

c.Phishing

d.All of the above.

e.a. and b.