QUESTION 1

Which of the following statements is true regarding a principal?

A. A minor or an incompetent person can be a principal.

B. A principal is a person who by agreement with the agent acts on behalf of and subject to the control of the agent.

C. A principal's obligation is to act only in the interest of the agent.

D. A principal must have capacity to contract.

QUESTION 2

Which of the following statements is true regarding copyrights?

A. Copyright protects photographers and musical composers among others.

B. A copyright protects an idea itself and not the manifestation of the idea

C. The constitutional source of Congress's power in the context of copyright law is the commerce clause. D. The basic purpose of copyright law is to protect trade secrets.

QUESTION 3

Which of the following types of law addresses federal and state government agencies and their role in carrying out their delegated authority?

A. Corporate law

B. Administrative law

C. Criminal law

D. Consumer rights

QUESTION 4

Bernard Madoff, former NASDAQ chairman, was sentenced in June 2009 to 150 years in prison after pleading guilty to charges that he conducted purportedly the largest _____ swindle in the country's history and lost a reported $51 billion of his clients' assets.

A. forex

B. Ponzi scheme

C. insider trading

D. pyramid scheme

QUESTION 5

Which of the following is best defined as a system of limitations upon our actions imposed by the government to ensure order, safety, predictability and control?

A. Economics

B. Politics

C. Law

D. Society

QUESTION 6

The general law governing how federal agencies must conduct business is set forth in the _____ Act.

A. Social Security

B. Civil Rights

C. Privacy

D. Administrative Procedures

QUESTION 7

If it is illegal to do a act, then it is illegal to contract to have the act done. Which of the following terms best describes this concept?

A. Consideration

B. Capacity to enter into a contract

C. Legality

D. Mutual assent

QUESTION 8

The _____ was created by the Congress to further enforce antitrust violations and to improve, and develop antitrust policy.

A. NAAG

B. DOJ

C. UCC

D. FTC

QUESTION 9

_____ was the first major U.S. labor law statute.

A. The Employee Free Choice Act

B. The National Labor Relations Act

C. The Norris-LaGuardia Act

D. The Taft-Hartley Act

QUESTION 10

Which of the following statements is true regarding white collar crime?

A. White collar crimes usually target specific victims.

B. It usually involves the threat of physical force.

C. Many white collar crimes are violent.

D. It uses deceit and concealment.

QUESTION 11

Which of the following types of properties is most likely to include land and anything permanently attached to it such as houses?

A. Tangible personal property

B. Real property

C. Intangible personal property

D. Intellectual property

QUESTION 12

As originally written, and without consideration of recent U.S. Supreme Court cases and pronouncements of the EEOC, Title VII of the Civil Rights Act does NOT prohibit discrimination on the basis of:

A. color.

B. national origin.

C. religion.

D. sexual orientation.

QUESTION 13

Which of the following statements is true regarding an agent?

A. An agent must have capacity to contract.

B. An agency relationship is always created by the words or actions (or lack of action) of the agent.

C. An agent may not act contrary to or without the principal's consent.

D. The fact that a person acts on behalf of another makes him an agent even without the appointment by the principal.

QUESTION 14

A _____ is a voluntary promise between two or more parties for which the law will provide a remedy for nonperformance.

A. report

B. contract

C. notice

D. memo

QUESTION 15

Which of the following is NOT a legislative court under Article I?

A. Court of Appeal

B. Tax Court

C. Court of International Trade

D. Claims Court

QUESTION 16

Remembering that "tortfeasor" refers to the person accused of doing something wrong, which of the following torts is most likely to be considered as an offense with strict liability?

A. The tortfeasor did not intend to do the act, and instead the act was the result of the tortfeasor's failure to meet a required standard of care to prevent an unreasonable risk of harm to others

B. The tortfeasor engaged in a normal activity which accidentally resulted in some harm

C. The tortfeasor engaged in activity that a statute classifies as one that is so dangerous that the tortfeasor must be responsible for virtually all the harm that arises as a result of engaging in the activity D. The tortfeasor intended to do the act that resulted in the harm to the victim

QUESTION 17

Which of the following terms best represents the authority that is communicated to an agent in writing or orally?

A. Apparent authority

B. Implied authority

C. Express authority

D. Inherited authority

QUESTION 18

The single most important piece of legislation that impacts the workplace in the area of discrimination is the ___.

A. Clayton Antitrust Act of 1982

B. Civil Rights Act of 1964

C. Reed-Jenkins Act of 1928

D. Homeland Security Act of 2002

QUESTION 19

What are torts?

A. Quasi contracts

B. Violations of law that are civil in nature

C. Optional contracts

D. Violations of law that are criminal in nature

QUESTION 20

_____ is the study of law, legal systems, and legal philosophy.

A. Conchology

B. Ethology

C. Jurisprudence

D. Emotivism

QUESTION 21

Initially, arbitration was primarily utilized:

A. for disputes between neighbors.

B. by unions.

C. for international trade disputes.

D. by public limited companies.

QUESTION 22

With reference to state courts, which of the following courts is at the lowest level?

A. Supreme Court

B. District Court

C. Trial Court

D. Circuit Court of Appeal

QUESTION 23

A(n) _____ is one who acts primarily for the benefit of another.

A. principal

B. fiduciary

C. independent contractor

D. dealer

QUESTION 24

Which of the following statements is true regarding the alternative dispute resolution (ADR) mechanism?

A. Usually it is more expensive than litigation

B. ADR outcomes are generally crafted by the parties.

C. Very few disputes are resolved by the ADR mechanism.

D. Usually it is more time consuming than litigation.

QUESTION 25

In 2007, the market essentially collapsed due to:

A. the collapse of the telecommunication industry.

B. the dot-com burst.

C. the mortgage and credit crises.

D. the collapse of the automobile industry.