Question 1811 pts

Truth-in-advertising rules include laws that mandate that food products have specific nutritional and product information.

True

False

Question 1821 pts

Unlike trademarks and patents, trade secrets ________.

are not protected under federal statutes

are not protected under state laws

are protected only when the secret is disclosed

cannot be processes

must be physical devices

Question 1831 pts

The United States is a federalist system, meaning ________.

the national government has complete authority

the fifty states have no autonomy

only the U.S. government is divided into executive, legislative, and judicial branches

states don't have written constitutions

there is government authority at both the national and state levels

Question 1841 pts

The legal framework in which business is conducted is called business law.

True

False

Question 1851 pts

A customer was dissatisfied after an experience at a hair salon. She posted extensively about her dissatisfaction on the Internet, making derogatory remarks about the stylist's abilities and the hygiene at the salon. If the hair stylist wanted to sue the customer, under which law could the stylist proceed?

undue influence

breach of contract

product liability

negligence

intentional tort

Question 1861 pts

Which of the following people would most likely be in favor of tort reform?

a parent whose child has elevated lead levels due from a toy made in China

a lawyer who just won a multimillion-dollar case on behalf of customers injured by defective curling irons

an advocate who is concerned about the ability of injured parties to be fairly compensated for their damages

an analyst who feels that the cost of litigation is driving up the cost of insurance

a consumer who wants to have easy access to file a lawsuit should he be injured by a faulty product

Question 1871 pts

________ form the basis for much personal and business interaction, including when a company hires another company or individual to do work for them or when property is bought and sold.

Contracts

Precedents

Principles

Codes

Courts

Question 1881 pts

A copyright is any word, name, symbol, or device (or any combination of these) that is used to identify and distinguish a good.

True

False

Question 1891 pts

In 2010, U.S. businesses spent ________ on advertising.

$279 million

$27.9 billion

$279 billion

$2.79 trillion

$27.9 trillion

Question 1901 pts

In instances when a contract is not fulfilled, ________ of contract is said to occur.

fraud

duress

undue influence

breach

incapacity