Which of the following forms of business structure has the easiest means of transfer of ownership interests?

Group of answer choices

Subchapter S corporations

LLCs

LLPs

C corporations

Flag question: Question 102Question 1020.8 pts

The government of Argentina has taken over all the country's banks. No compensation has been paid. Some U.S. citizens and businesses had accounts in the banks. Absent treaty provisions the takeover:

Group of answer choices

can be reviewed by the U.S. State Department.

is immune from review under the act of state doctrine.

can be set aside by a U.S. federal court because no compensation was paid.

can be partially set aside by a U.S. federal court on the accounts of U.S. citizens and businesses.

Flag question: Question 103Question 1030.8 pts

Corrective advertising:

Group of answer choices

is one of the FTC's many remedies.

is unconstitutional.

has never been ordered by a court.

none of the above

Flag question: Question 104Question 1040.8 pts

Which of the following contracts would not have to be in writing under the old UCC?

Group of answer choices

a contract for the sale of an easement for $450

a three-year advertising contract

All of the above must be in writing.

a contract for consulting services for $10,000 over the next 90 days

a contract for the sale of furniture for $700

Flag question: Question 105Question 1050.8 pts

Which of the following is not required for the articles of incorporation?

Group of answer choices

names of board members

All of the above are required.

capital stock structure

names of incorporators

Flag question: Question 106Question 1060.8 pts

What is the effect of trade sanctions?

Group of answer choices

businesses are prohibited from selling certain items in countries subject to the sanctions

none of the above

businesses are prohibited from dealing with certain countries

either a or b

there is no effect; they are strictly voluntary

Flag question: Question 107Question 1070.8 pts

This exists when a buyer has the ability to control market prices.

Group of answer choices

Monopsony

Monopoly

Maintenance control

Oligopoly

Flag question: Question 108Question 1080.8 pts

The purpose of an arraignment is to:

Group of answer choices

issue an indictment against the defendant.

provide the defendant with the opportunity to appear before the grand jury.

ensure that the Miranda warnings are given.

set the trial date.

Flag question: Question 109Question 1090.8 pts

Which of the following is not an independent contractor relationship?

Group of answer choices

one between a lawn service company and a homeowner

one between a corporation and its outside legal counsel

All of the above are independent contractor relationships.

one between a corporation and its vice president/general counsel

Flag question: Question 110Question 1100.8 pts

Which of these does not happen in discovery?

Group of answer choices

Requests for admissions

Requests for production

Appeals

Physical examinations and reports from them

Flag question: Question 111Question 1110.8 pts

Discovery is:

Group of answer choices

conducted pre-trial.

is unlimited.

required to assure the trial proceeds as an ambush.

conducted post-trial.

Flag question: Question 112Question 1120.8 pts

Which of the following is not a purpose of law?

Group of answer choices

All of the above are purposes of law.

promoting equality

providing compromises

influencing conduct

keeping order

Flag question: Question 113Question 1130.8 pts

Which of the following is not an ethical breach?

Group of answer choices

All of the above are ethical breaches.

taking things that do not belong to you

perpetrating interpersonal abuse

giving or allowing false impressions

Flag question: Question 114Question 1140.8 pts

The Supremacy Clause:

Group of answer choices

controls whether Congress or the states have the authority to regulate commerce.

none of the above

gives Congress full authority to regulate all areas of commerce.

is never applied in state regulation cases.

Flag question: Question 115Question 1150.8 pts

Copying an article from a computer science journal that sells subscriptions and then distributing it to 25 employees at your company:

Group of answer choices

none of the above

would be fair use.

would be copyright infringement.

would not be copyright infringement unless you charged the employees for the copies.

Flag question: Question 116Question 1160.8 pts

A life insurance policy beneficiary is a good example of a:

Group of answer choices

delegation.

liquidated damages clause.

third party beneficiary.

confidential beneficiary.

Flag question: Question 117Question 1170.8 pts

Undue influence requires the presence of:

Group of answer choices

a fiduciary relationship.

some threat or force.

none of the above

a lack of capacity in the contracting party.

Flag question: Question 118Question 1180.8 pts

Which of the following is true of a sole proprietorship?

Group of answer choices

A separate tax return must be filed.

It is not a business entity.

There is no personal liability for the owner.

none of the above

Flag question: Question 119Question 1190.8 pts

A, B, and C are partners in a real estate firm. B has just died. B's widow:

Group of answer choices

owns one-third of all the partnership land.

is a tenant in partnership with A and C.

can force the sale of the partnership property.

none of the above

Flag question: Question 120Question 1200.8 pts

Horizontal mergers:

Group of answer choices

none of the above

can be approved if a failing company is acquired.

are always antitrust violations.

include mergers between manufacturers and jobbers.

Flag question: Question 121Question 1210.8 pts

Which contractual defense requires a confidential relationship?

Group of answer choices

Duress

Misrepresentation

Fraud

Undue influence

Flag question: Question 122Question 1220.8 pts

Which of the following is/are generic term(s)?

Group of answer choices

All of the above are generic.

Band-Aid

Aspirin

Jell-O

Flag question: Question 123Question 1230.8 pts

The party who must prove the facts alleged is said to have the:

Group of answer choices

burden of cross-examination.

opening statement.

statute of limitations.

burden of proof.

Flag question: Question 124Question 1240.8 pts

Which of the following contracts would be void?

Group of answer choices

A contract with a person declared mentally incompetent.

All of the above are void.

A contract with a minor.

A contract with a force majeure clause.

Flag question: Question 125Question 1250.8 pts

In international business:

Group of answer choices

corruption facilitates commerce.

trust and honesty are required for investment and economic growth.

a company must operate by a set of rules different from its U.S. rules.

there are no ethical rules.

Flag question: Question 126Question 1260.8 pts

There is no liability of employers for the acts of independent contractors.

Group of answer choices

True

False

Flag question: Question 127Question 1270.8 pts

Voir dire helps to evaluate potential jurors for bias in a case.

Group of answer choices

True

False

Flag question: Question 128Question 1280.8 pts

In a limited partnership, there must be a least one general partner.

Group of answer choices

True

False

Flag question: Question 129Question 1290.8 pts

A power of attorney is an example of an agency relationship.

Group of answer choices

True

False

Flag question: Question 130Question 1300.8 pts

A contract with a minor is voidable at the minor's option.

Group of answer choices

True

False

Flag question: Question 131Question 1310.8 pts

Southwestern states' marital property rights were influenced by laws in _____, while many Louisiana laws were influenced by laws from _____.

Group of answer choices

Spain; France

Mexico; France

Mexico; Spain

Spain; Mexico

Flag question: Question 132Question 1320.8 pts

Common law does not dictate amounts required for consideration.

Group of answer choices

True

False

Flag question: Question 133Question 1330.8 pts

Laws' flexibility allow adjustments for technology changes.

Group of answer choices

True

False

Flag question: Question 134Question 1340.8 pts

Situational ethics is also known as moral relativism.

Group of answer choices

True

False

Flag question: Question 135Question 1350.8 pts

GATT is the result of a multilateral treaty.

Group of answer choices

True

False

Flag question: Question 136Question 1360.8 pts

A plaintiff cannot begin a lawsuit until the court finds there is good cause for filing the suit.

Group of answer choices

True

False

Flag question: Question 137Question 1370.8 pts

Stare decisis is Latin for "let the decision stand."

Group of answer choices

True

False

Flag question: Question 138Question 1380.8 pts

Covenants not to compete are illegal per se.

Group of answer choices

True

False

Flag question: Question 139Question 1390.8 pts

Digital signatures are used frequently.

Group of answer choices

True

False

Flag question: Question 140Question 1400.8 pts

Insider trading rules apply to information exchanged over the Internet and chat rooms.

Group of answer choices

True

False

Flag question: Question 141Question 1410.8 pts

Employers are required to make reasonable accommodations for employees' religious beliefs and practices.

Group of answer choices

True

False

Flag question: Question 142Question 1420.8 pts

A lack of business ethics can result in a lack of business goodwill.

Group of answer choices

True

False

Flag question: Question 143Question 1430.8 pts

The implied warranty of fitness for a particular purpose (unless disclaimed) is given in every sale of goods by a merchant.

Group of answer choices

True

False

Flag question: Question 144Question 1440.8 pts

Directors are liable for a crime if the corporation is found guilty of the crime.

Group of answer choices

True

False

Flag question: Question 145Question 1450.8 pts

There are no formal requirements for forming a sole proprietorship.

Group of answer choices

True

False

Flag question: Question 146Question 1460.8 pts

Limited partners have liability limited to the amount of their contribution to the partnership.

Group of answer choices

True

False

Flag question: Question 147Question 1470.8 pts

Ethics can provide a strategic advantage for companies.

Group of answer choices

True

False

Flag question: Question 148Question 1480.8 pts

Terms of a consulting contract are an example of private law.

Group of answer choices

True

False

Flag question: Question 149Question 1490.8 pts

The Family Medical and Leave Act applies only to women.

Group of answer choices

True

False

Flag question: Question 150Question 1500.8 pts

Quid pro quo is a form of sexual harassment.

Group of answer choices

True

False

Flag question: Question 151Question 1510.8 pts

Drug testing for employees is illegal in most states.

Group of answer choices

True

False

Flag question: Question 152Question 1520.8 pts

Mens rea is the particular mental state required to establish a crime.

Group of answer choices

True

False

Flag question: Question 153Question 1530.8 pts

The common law in each state is the same.

Group of answer choices

True

False

Flag question: Question 154Question 1540.8 pts

Constitutions exist at both state and federal levels.

Group of answer choices

True

False

Flag question: Question 155Question 1550.8 pts

There can be infringement of patents, copyrights, trademarks, trade names and trade dress.

Group of answer choices

True