QUESTION 36

Libel and defamation are two distinct areas of law when it comes to posting untrue comments meant to malign the reputation of another on the Internet.

True

False

QUESTION 37

A life insurance policy of the type that accumulates a cash surrender value is an item of property known as

a chose in possession.

a chose in action.

a chose in assignment.

a chose in quality.

a chose in guarantee.

QUESTION 38

In a net neutral environment, small and large businesses have equal access to all of the following except

internet.

internet services.

e-commerce customers.

the marketplace.

lawmakers.

QUESTION 39

A Co. develops land. From time to time, it has used B, an independent contractor, as its agent to help it buy land. In fact, A Co. even lets B keep an office in its head offices, and on occasion C, a third party, has seen B's office when he has had meetings at A Co. If B enters into an agreement of purchase and sale on behalf of A Co. to purchase C's land,

there will be no agreement because B does not have the necessary authority.

there will be no agreement because A Co. did not ratify the contract.

there will be an agreement because B had express authority to enter into it.

there will be an agreement between A Co. and C because A Co. is estopped from arguing that B did not have the authority to enter into it.

none of the above

QUESTION 40

A free trade area is one in which customs duties are always imposed.

True

False