Tort law is similar to criminal law in that __________.

• they both require a wrongful act by a defendant for the plaintiff to recover
• they both require specific intent on the part of the defendant
• they both require specific intent on the part of the plaintiff
• they both have primarily developed in common law courts

Select the example in which a corporation is making use of a safe harbor provision.

• A corporation that manufactures commercial exercise equipment establishes a thorough inspection process to ensure compliance with safety standards to reduce liability.
• A corporation that operates a chain of restaurants establishes an ethics hotline so that employees can report legal or company policy violations to the corporate office to reduce liability.
• A corporation that hosts user-uploaded videos online reports a copyright infringement to federal authorities and removes the copyrighted video from its website in order to reduce liability.
• A software corporation promotes a whistleblower who exposed patent violations within the company.

Which of the following is true of civil law?

• Possible remedies include monetary damages.
• Defendants retain the right to remain silent.
• Evidence of guilt beyond a reasonable doubt is necessary for conviction.
• Cases are always prosecuted by the government.

In most cases, an enforceable contract has to include consideration, which __________.

• must be an exchange of legal value between the parties to the agreement
• is defined as an offer extended from one party to the other
• means that both parties have full mental capacity to form an agreement
• must be morally or economically adequate to make the bargain a fair one

Knowledge of the __________ Act minimizes a business's liability exposure when making decisions related to accounting practices.

• Civil Rights
• Sarbanes-Oxley
• Truth in Lending
• Federal Trade Commission

Select the true statement about the relationship between law, ethics, and business.

• The law ensures ethical conduct in most areas of business.
• It is impossible for a business to behave unethically if it follows the law.
• What is ethical in business is not necessarily required by law.
• Abiding by the law is sufficient for businesses to earn a moral reputation.