business law

the choices. I. MULTIPLE CHOICE QUESTIONS 1. The least serious crimes are classified as: (A) misdemeanors, (B) treason, (c) felonies, (D) none of the choices, (B) all of 2. Legal principles are found in: (A) state statutes, (B) court decisions, (c) local ordinances, (D) none of the choices, (E) all of the choices. 3. The state law with the widest application to business is the : (A) Consumer Credit Protection Act, (B) Uniform Consumer Credit Code, (c) Uniform Commercial Code, (D) none of the choices, (B) all of the choices. 4. A private wrong arising from a breach of a duty created by law is a: (A) Breach of contract, (B) tort, (c) crime, (D) none of the choices, (E) all of the choices. 5. The power of a court to hear and decide certain types of cases is called: (A) jurisdiction, (B) arbitration, (C) regulation, (D) none of the choices, (E) all of the choices. 6. The Plaintiff in a case will file: (A) the answer, (B) the counterclaim, (C) the complaint, (D) none of the choices, (B) all of the choices. 7. The Sherman Antitrust Act prohibits restraints of trade by: (A) only sellers, (B) only buyers, (C) both sellers and buyers, (D) none of the choices, (E) all of the choices. 18. Johnson manufactures clothing in New York for sale throughout the United States. He can pay his employees no less than the: (A) union scale of wages, (B) federal minimum wage, (C) wages which are prevailing in the neighborhood, (D) none of the choices, (B) all of the choices. 9. Taking the testimony of a witness outside of the court is accomplished by (A) demurrer, (B) process, (C) a deposition, (D) none of the choices, (E) all of the choices