Question 1911 pts

Regulatory bodies like the SEC and the FTC have the power to pass ________ law.

constitutional

statutory

administrative

common

case

Question 1921 pts

In terms of contract law, consideration means ________.

mental capacity

something of real value

minor status

duress

acceptance

Question 1931 pts

Statutory law is ________.

the written text of the U.S. Constitution

written law determined by the legislative branch of the government

the written text of the Bill of Rights

unwritten but applied law

written by judges who try important cases

Question 1941 pts

Only a firm's administrative personnel are subject to administrative law.

True

False

Question 1951 pts

Which of the following is NOT one of the elements of a contract that must be in place for it to be valid?

an offer must be made

the parties must understand and agree on the terms

the terms must be formally drafted

consideration must be given

the offer must be accepted

Question 1961 pts

Which of the following is NOT covered under copyright law?

a song

a poem

a painting

a logo

a play

Question 1971 pts

Recently the Environmental Protection Agency has been focusing its attention on modifying the United States energy policy in response to global warming concerns.

True

False

Question 1981 pts

Which of the following is NOT a type of tort?

intentional tort

negligence

strict liability

absolute liability

tort reform

Question 1991 pts

Which of the following is NOT one of the sources of law?

executive

constitutional

statutory

administrative

case

Question 2001 pts

Truth-in-advertising rules do all of the following EXCEPT

ensure that advertisements are nondeceptive

ensure that the advertisements are not unfair

ensure that there is sufficient evidence to support claims made in advertisements

ensure that cigarette packages contain warning labels

ensure that advertisements do not cause unavoidable consumer injury that is not outweighed by the benefit