In the Yates v. U.S. case, what was the purpose of the court's decision?

a.

to decide whether an injunction was an appropriate remedy

b.

to determine the civil liability of fishers

c.

to interpret a statute

d.

both b and c

Registration of a trademark in a Madrid member country is:

a.

effective for all Madrid member countries.

b.

not effective in the United States.

c.

protected under the Berne convention.

d.

effective for that country only.

Director X of the ABC Corporation, listed on the NYSE, has engaged in the following transactions in ABC's stock:

January 1, 2017 - purchased 300 shares of ABC stock for $30 per share

January 15, 2017 - sold 300 shares of ABC stock for $35 per share

January 30, 2017 - purchased 300 shares of ABC stock for $25

February 3, 2017 - sold 300 shares of ABC stock for $20

Which of the following is correct?

a.

The director is not subject to the restrictions on short-swing profits.

b.

none of the above

c.

The director has a net loss so there are no short-swing profits.

d.

The director has a net gain of $15 x 300 shares or $4,500.

Which of the following is not an exempt security under the 1933 Act?

a.

municipal bonds

b.

insurance policies

c.

promissory notes

d.

annuities

e.

All of the above are exempt securities.