Question 17 (1 point)

A sole proprietorship is a business operated by a person as his own personal property.

Question 17 options:

	True
	False

Question 18 (1 point)

In a general partnership, each partner is an owner and has a right to share in the profits of the business.

Question 18 options:

	True
	False

Question 19 (1 point)

A corporation cannot acquire, hold, or convey property in its own name.

Question 19 options:

	True
	False

Question 20 (1 point)

By forming a limited liability partnership (LLP), the personal assets of partners not involved in wrongdoing by other members of the firm will be sheltered from malpractice claims against the firm.

Question 20 options:

	True
	False

Question 21 (1 point)

Under the Sarbanes-Oxley Act of 2002, CEOs and CFOs must reimburse the company for any bonuses or other incentive compensation if any financial reporting is misleading due to misconduct, even if the misconduct was not attributable to the CEO or CFO.

Question 21 options:

	True
	False

Question 22 (1 point)

The USA PATRIOT Act restricts law enforcement from using surveillance techniques with increased judicial and congressional oversight.

Question 22 options:

	True
	False

Question 23 (1 point)

Voluntary intoxication is generally a complete defense to criminal liability.

Question 23 options:

	True
	False

Question 24 (1 point)

An item of personal property may be attached to or used in conjunction with real property in such a way that it ceases being personal property and instead becomes part of the real property. This type of property is called a debenture.

Question 24 options:

	True
	False

Question 25 (1 point)

Persons who own property under a tenancy in common have undivided interests in the property and equal rights to possess it.

Question 25 options:

	True
	False

Question 26 (1 point)

A property use that unreasonably interferes with another person's ability to use or enjoy her own property may lead to an action for nuisance against the landowner or possessor engaged in the objectionable use.

Question 26 options:

	True
	False

Question 27 (1 point)

The life estate is the basic land ownership in the United States.

Question 27 options:

	True
	False

Question 28 (1 point)

Which of the following is an example of procedural law?

Question 28 options:

	The privilege of receiving food stamps
	The rules as to how a court's decision is to be enforced
	The right of self-defense
	The freedom of speech granted by the U.S. Constitution

Question 29 (1 point)

Local legislation regulating zoning and noise levels are examples of _____.

Question 29 options:

	ordinances
	treaties
	administrative rules
	administrative decisions

Question 30 (1 point)

_____ believe that decisions are often more attributable to the biases and moods of decision makers than they are to the formal legal rules that are supposed to determine the outcome.

Question 30 options:

	Legal realists
	Legal positivists
	Legal sociologists
	Natural law thinkers