In 1994, the Arizona Supreme Court decided the case of Hernandez v. Arizona Board of Regents and found a duty of care to avoid furnishing alcohol to underage consumers. If in 2008 a Flagstaff, Arizona plaintiff brings a lawsuit against an Arizona university's fraternity for providing alcohol to members under the legal drinking age, the Hernandez v. Arizona Board of Regents case will serve as
precedent.
Indicate whether the statement is true or false
True
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Which of the following limits the exercise of agency discretion?
a. The Due Process Clause b. The Equal Protection Clause c. The Due Process Clause and the Equal Protection Clause d. Agency discretion is not limited by anything other than its enabling statute.
The expected monetary value of a decision alternative is the sum of all possible payoffs from the alternative, each weighted by the probability of that payoff occurring
Indicate whether the statement is true or false
The dissolution of a corporation: A) ?Can never be voluntary on the part of stockholders
B) May be sought by the state for failure to pay specified taxes for a given number of years C) Allows it to make contracts to carry on business for six months. D) May require the stockholders to pay debts the corporation's assets cannot cover.
If the parties to a sale under the UCC do not specify when the title to the goods passes, then, assuming goods have to be shipped, title passes to the buyer when:
a. the buyer delivers "payment in full" b. the seller requests payment c. the buyer inspects the goods d. the buyer makes "substantial" payment e. none of the other choices