Question 242 pts

Under the common law, common carriers and Innkeepers have a duty of ____________ regarding the property they are transporting (common carriers) or the personal property that belongs to their guests (innkeepers).

reasonable care

slight care

limited liability

strict liability

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Question 252 pts

The federal antitrust legislation that is much broader than other antitrust laws and prohibits all "unfair methods of competition" and "unfair or deceptive acts or practices" is

The Federal Trade Commission Act.

The Clayton Act.

The Sherman Act.

The Robinson-Patman Act.

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Question 262 pts

If the book publisher Simon and Schuster acquires a paper mill this would be an example of a(n) ______________ merger.

forward vertical

market extension

backward vertical

horizontal

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Question 272 pts

The highest form of ownership of real property is the

fee simple subject to a condition subsequent

life estate.

fee simple absolute.

fee simple defeasible

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Question 282 pts

There are two major forms of personal property; ____ [ Select ] ["real", "intangible", "tangible"] ____ which includes physically defined property including goods, and _____ [ Select ] ["intangible", "real", "tangible"] _____which represents rights that cannot be reduced to a physical form like stock certificates and copyrights.