Chapter 4; Business - Business Law

A minor is someone who:

Section ________ of the Clayton Act prohibits fictitious brokerage payments

Which of the following statements is TRUE regarding immigration under Title VII?

Predatory Co., a large company entering a new geographic market, decided to eliminate its smaller rivals in the new market by selling below cost in that market (but not elsewhere) until the rivals were forced out of business. This type of price discrimination is classified as:

5

A salesperson gives a veterinarian a sample of dog shampoo that is designed to keep dogs from shedding their hair even after one use. When the veterinarian uses the shampoo, the dogs he uses the shampoo on continue to shed. Did the sample create any warranty?

6

Hydro Source Company contracts to sell pumps, tanks, and water storage systems to Inflo Irrigation, Inc Before the goods are delivered, Inflo indicates that it will not be able to pay. Hydro Source can

7

Directors are also compensated through ____________ benefits, such as business contacts and prestige, and other rewards such as stock options.

8

In Deschamps v. Treasure State Trailer Court, where the buyer of a trailer court said he was promised the water system was in good condition when in fact it was not, the Montana Supreme Court held that oral testimony could not contradict the written contract

9

Which of the following is true of the Resource Conservation and Recovery Act?

10

Write a short note on the World Intellectual Property Organization

11

A prospective issuer of securities must hire which of the following:

12

A promissory note made by a bank is called a:

13

Baker and Able signed a contract, which required Able to purchase 600 books from Baker at Baker's wholesale cost at the time of delivery. Under the circumstances, the oral agreement is:

14

Federal wage-hour laws cover all employers engaged in interstate commerce.

15

When a provision to a contract is accidentally unclear, it is called

16

There were few similarities between the Starwood's W hotels and Hilton's Denizen

17

Thermal effluents consist of

18

A firm may have a legitimate reason for imposing a territorial or customer restriction.

19

Presentment warranties are made by any prior transferor of the instrument at the time the person transfers the instrument.

20

Identification is one of the concepts involved in determining the rights and liabilities of parties to a sales contract

21

The corporation is domiciled in the state in which

22

Employers must provide continuing health care coverage to any employee, for a fee, even if terminated, under the

23

Joint stock company has many things similar to ______________: formed by agreement (not statute), property is held in names of the members, owners (shareholders) have personal liability. Shareholders are not considered to be agents of each other.

24

Glenn makes a will. A court appoints Herman to administer the estate. Among Glenn's heirs is his daughter Ilsa. The testator is

25

Proof of copyright infringement must demonstrate that the allegedly infringing work is identical to the copyrighted work

26

Corporations are subject to a form of double taxation

27

Maritime Bank holds a security interest in Ned’s fishing trawler. Ned defaults on the debt. Maritime takes possession of the boat and notifies Ned that it will be sold to recover some of the unpaid debt. Before the sale, Ned can regain possession by

28

A merger involves the legal combination of two or more corporations, after which both continue to exist

29

Under the CISG, offers made to ______ are valid offers to make a contract

30

What is net neutrality?

31

In an agency relationship, the agent is a neutral party regarding contracts between the principal and third parties

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Chapter 4; Business - Business Law

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