State laws that provide that a corporation or other business organization doing business in the state without authority is precluded from maintaining an action in the courts of that state are referred to as

A. long-arm statutes.
B. door-closing statutes.
C. foreign corporation statutes.
D. foreign court statutes.


B. door-closing statutes.

Business

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Patent protection generally runs for a period of 14 years, although design patents are protected for 20 years.

Answer the following statement true (T) or false (F)

Business

Policy loans on cash value insurance

A) are permitted only if the insured is likely to die within one year. B) are typically made at rates substantially above those on unsecured personal loans. C) are a convenient source of liquidity. D) do not reduce the payout at time of death.

Business

Miles purchased a lawnmower with an attached warning that said, "The manufacturer is not responsible in the case of an injury caused by the lawnmower." If Miles is injured because of a defect in the mower and sues the lawnmower manufacturer, he will most likely

a. lose, as he agreed to not hold the lawnmower manufacturer liable. b. lose, as he assumed the risk. c. win, as this warning would be unenforceable. d. win, as all lawnmower manufacturers are strictly liable.

Business

______ are more likely to use strategies such as networking, direct mail, or websites to gain entry.

a. Internal consultants b. External consultants c. Practical consultants d. Dialogic consultants

Business