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1)
C. Case argument
D. Case analysis
10)
A. offeree
B. offeror
C. agreeor
D. agent
11)
Which of the following is what a person will receive in return
for performing a contractual obligation?
A. Consideration
B. Acknowledgement
C. Approval
D. Accord
12)
Which of the following is true regarding the adequacy of
consideration?
A. Courts generally consider the adequacy of consideration in determining
whether to enforce a contract.
B. Courts consider the adequacy of consideration only if something is sold for
less than 90% of its market value.
C. Courts consider the adequacy of consideration only if something is sold for
less than 80% of its market value.
D. Courts consider the adequacy of consideration only if something is sold for
less than 70% of its market value.
13)
A. When a dispute over an unliquidated debt is settled and is paid for less
than the full amount
B. When a dispute over a liquidated debt is settled and paid for less than the
full amount
C. When a dispute over an unliquidated debt is settled and paid for the full
amount
D. When a dispute over a liquidated debt is settled and paid for the full
amount
14)
Jenny works at a Mexican fast-food restaurant, which is owned
by an international company located in Mexico. Jenny is very angry
with her supervisor, Sleaze, as he has been making inappropriate
sexual comments to her and other employees. Jenny decides to sue
and retains a lawyer, Brice. Brice talks with the owners of the
restaurant and is informed that Jenny signed an agreement to
15)
Which of the following is generally defined as a relationship
between a principal and an agent?
A. Agency
B. Principality
C. Combination
D. Employment
16)
Which of the following is true if there is no agreement
between a principal and an agent regarding the amount for which
the principal will compensate the agent?
A. It will be assumed that the agent agreed to work for free on a gratuitous
basis.
B. The principal will be allowed to set the price, which will be enforced unless
it is unconscionable.
C. The court will appoint a magistrate to set the price.
D. Compensation will be calculated according to the customary fee in the
situation.
17)
Which title of the Civil Rights Act of 1964 deals with
discrimination in employment?
A. Title VII
B. Title VI
C. Title V
D. Title IV
18)
Which of the following is true regarding discrimination based
on sexual orientation?
A. There is a federal law specifically prohibiting discrimination based on
sexual orientation providing back pay, attorney fees, and punitive
damages as available remedies.
B. There is a federal law specifically prohibiting discrimination based on
sexual orientation, but it only provides for back pay as an available
remedy.
C. There are no state laws specifically prohibiting discrimination based on
sexual orientation nor is there any federal law providing such protection.
D. While there is no federal law specifically prohibiting discrimination based
on sexual orientation, some states do have laws prohibiting discrimination
based on sexual orientation.
19)
Which of the following is a federal law regulating the payment
of wages and overtime?
20)
Striking union members of ABC Company decide that picketing
ABC Company is not accomplishing the desired results and decide to
further their efforts. Sally, the union president, suggests that they
picket XYZ Company, a supplier to ABC, to pressure XYZ into not
doing business with ABC. Which of the following is true regarding
Sally's plan?
A. Sally's plan is a good idea, and this type of picketing is frequently and
legally engaged in by union members during labor disputes.
B. Sally's plan is a good idea only if the strike has been going on for more
than 30 days, because under the National Labor Relations Act, union
members may not picket any company other than the employer for at
least 90 days.
C. Sally's plan is only legal if XYZ employees are represented by the same
union as ABC employees.
D. Sally's plan is illegal because of the prohibition against secondary
boycotts occurring during a labor dispute when employees boycott a
company other than their own to force it to cease doing business with
their employer.
21)
A ________ is a distinctive mark, word, design, picture, or
arrangement that is used by a producer in conjunction with a
product and tends to cause consumers to identify the product with
the producer.
A. Copyright
B. Patent
C. Trade secret
D. Trademark
22)
In which of the following types of ownership does each coowner have the right to sell his or her interest without the consent
of the other owners, the right to own an unequal share of the
property, and the right to own property subject to the right of a
creditor to attach his or her interest?
A. Joint tenancy
B. True tenancy
C. Tenancy in common
D. Joined tenancy
23)
If a trademark is registered, what may the owner obtain in the
event of infringement from a person who used the trademark to pass
off goods as being those of the mark owner?
A. An injunction prohibiting the infringer from using the mark only
B. An additional amount of damages computed as a multiplier of 5 times the
original damages
C. Damages, an injunction prohibiting the infringer from using the mark, and
additional damages based on a multiplier of 5 times the original damages
D. Damages and an injunction prohibiting the infringer from using the mark
24)
Which of the following types of insurance should a business
manager purchase to obtain protection against a broad range of
risks?
A. A commercial general liability policy
B. A business tort policy
C. A litigation commercial policy
D. An economic protection policy
25)
Which of the following oversees the purchase and sale of
securities?
A. The Securities Act of 1933
26)
A workers' compensation insurance policy is an example of
which of the following types of insurance?
A. Casualty
B. Loss
C. Business
D. Injury
27)
How are directors typically chosen after the incorporation
process?
A. By majority vote of the shareholders
B. By majority vote of all officers
C. By a two-thirds vote of shareholders
D. The president appoints them at his or her discretion
28)
Wendy is the president of a business that manufactures kites.
The kites of her company, ABC Kites, are sold to large toy stores.
After Wendy learned a great deal about kites, she started to make
kites at home. She started selling kites to friends, and she also
started to make inquiries regarding selling her kites to larger toy
stores in the area and to make a few sales to them. Her plan was to
start small and then leave ABC after she had increased sales. She
did not work on her side project while she was on the clock with
ABC. Some of the directors learned about her kite sales and accused
her of wrongdoing. Wendy denied any wrongdoing and pointed out
that she did not work on her project while she was on the job with
ABC. What duty, if any, did Wendy violate?
A. She did not commit any violation.
29)
law?
30)
What has the U.S. Supreme Court held regarding whether U.S.
courts must rely on customary international law?
A. The U.S. Supreme Court has held that U.S. courts may disregard
customary international law.
B. The U.S. Supreme Court has held that even if a governing international
agreement says otherwise, a U.S. court must rely on customary
international law.
C. The U.S. Supreme Court has held that even if a controlling executive act is
to the contrary, U.S. courts must rely on customary international law.
D. The U.S. Supreme Court has held that in the absence of a governing
international agreement, or controlling executive, or legislative act, or
judicial decision, U.S. courts must rely on customary international law.
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