Law and Society Study Guide Questions
Course Introduction
Law and Society explores the dynamic relationship between legal systems and the broader social context in which they operate. This course examines how laws both shape and are shaped by cultural norms, economic forces, and political institutions. Students will analyze the impact of law on everyday life, considering key topics such as social justice, inequality, the role of courts, and the influence of race, gender, and class on legal outcomes. Through critical readings, case studies, and discussions, learners gain a deeper understanding of how legal rules and processes reflect and influence society, as well as the ways individuals and groups can use the law to promote social change.
Recommended Textbook
The Legal Environment of Business Text and Cases 8th Edition by Frank B. Cross
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35 Chapters
1251 Verified Questions
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Chapter 1: Business and Its Legal Environment
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Sample Questions
Q1) A defendant is a person against whom a lawsuit is brought.
A)True
B)False
Answer: True
Q2) Maggie and Nate enter into a contract for the sale of car,but Nate later refuses to deliver the goods.Maggie asks a court to order Nate to perform as promised.Ordering a party to perform what was promised is
A)an equitable remedy.
B)an unenforceable demand.
C)a remedy at law.
D)a type of harm.
Answer: A
Q3) In a suit against Corbin,Donatella obtains damages.This is
A)an order to do or to refrain from doing a particular act.
B)an order to perform what was promised.
C)a payment of money or property as compensation.
D)the cancellation of a contract.
Answer: C
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3
Chapter 2: The Court System
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Sample Questions
Q1) Elle is walking to work along a sidewalk next to a road.A truck owned by Fast Distribution Company (FDC)strikes and injures Elle,causing her injuries that result in more than $250,000 in medical expenses.Elle is a resident of Georgia,where the accident occurred.FDC has its principal place of business,and is incorporated,in Delaware.In what court may Elle sue FDC
Answer: Elle may sue FDC in Delaware,because FDC has its principal place of business,and is incorporated,in that state.FDC may be sued in Georgia,because that is where Elle's injury occurred.FDC may be subject to Elle's suit in a federal court,because the parties have diversity of citizenship (Elle is a resident of Georgia and FDC has its principal place of business,and is incorporated,in Delaware)and the amount in controversy is more than $75,000 (the cost of Elle's injuries is more than $250,000).
Q2) The courts can decide whether the other branches of government have acted within the scope of their constitutional authority.
A)True
B)False
Answer: True
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Chapter 3: Alternative and Online Dispute Resolution
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Sample Questions
Q1) Pretrial mediation is never mandatory.
A)True
B)False
Answer: False
Q2) Alternative dispute resolution methods are generally less expensive and time consuming than actual litigation.
A)True
B)False
Answer: True
Q3) Elwin and Financial Funds,Inc. ,dispute the terms of a certain investment agreement,over which they engage in online dispute resolution (ODR).ODR is essentially a form of
A)alternative dispute resolution (ADR).
B)judicial dispute resolution (JDR).
C)traditional dispute resolution (TDR).
D)trial by ordeal (TBO).
Answer: A
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Page 5
Chapter 4: Ethics and Business Decision Making
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Sample Questions
Q1) Business ethics is consistent only with short-run profit maximization.
A)True
B)False
Q2) Ethics is the branch of philosophy that focuses on what constitutes right and wrong behavior.
A)True
B)False
Q3) Kennedy Capital Corporation provides other firms with funds to expand operations.If Kenney strictly complies with existing laws,the firm will
A)fulfill all business ethics obligations.
B)fulfill no business ethics obligations.
C)fulfill some business ethics obligations.
D)not need to fulfill any business ethics obligations.
Q4) Halley,a lawyer on the staff of International Group,applies the utilitarian theory of ethics in business contexts.Utilitarianism focuses on
A)moral values.
B)religious beliefs.
C)the consequences of an action.
D)the nature of an action.
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Chapter 5: Constitutional Law
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Sample Questions
Q1) Reusable Energy Corporation regularly expresses opinions on political issues.Under the First Amendment,corporate political speech is A)discouraged.
B)forbidden.
C)protected.
D)required.
Q2) Ulrich,a citizen of Virginia,wants to enforce in the state of Washington certain rights that he has under a contract with Xtreme SnoBoards Inc.A Washington state court is most likely to enforce such rights under A)no provision in the U.S.Constitution.
B)the commerce clause.
C)the full faith and credit clause.
D)the privileges and immunities clause.
Q3) National legislation governs nearly every major business activity,including conduct that has nothing to do with commerce.
A)True
B)False
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Chapter 6: Administrative Law
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Sample Questions
Q1) Final administrative rules have binding legal effect unless the courts later overturn them.
A)True
B)False
Q2) The Securities and Exchange Commission decides to create a new rule relating to the dissemination of material nonpublic information through corporate blogs,tweets,and Web sites.The first step is to A)compile the rule with others in the Code of Federal Regulations.
B)conduct an on-site inspection.
C)publish a notice of the proposed rulemaking.
D)solicit public comment.
Q3) Grapple Market Share Corporation would like to know what information federal agencies have about Grapple's operations,so that the firm will know what its competitors may be able to learn about it.Can Grapple require the agencies to disclose whatever information they may have concerning it If so,how should the firm make its request What federal law applies Is any information exempt
Q4) Federal executive agencies are outside the federal executive departments.
A)True
B)False
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Chapter 7: Criminal Law and Cyber Crime
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Sample Questions
Q1) Good Health & Life Insurance Corporation suffers a security breach in its computer network.Before the company discovers the breach,the perpetrator obtains corporate financial records and other confidential data,including marketing plans.Is this a crime If so,what are its elements What steps might Good Health & Life take to ensure that going forward only authorized users access the data on its computers Whose efforts-those of the federal government or Good Health & Life-are most important in securing the company's computer infrastructure and why
Q2) Any crime that requires knowledge of computer technology for its investigation is a computer crime.
A)True
B)False
Q3) Sophie is the president of Tasty Foods Corporation,a wholesale grocery company.An inspection by Uri,a government agent,uncovers unsanitary conditions caused by Vic,a Tasty Foods employee,in the company's warehouse.Will,a Tasty Foods vice president,assures Uri that the situation will be corrected,but a later inspection reveals no such corrections.Sophie knows nothing about any of this.Can Tasty Foods be convicted of a crime in these circumstances Can Sophie be held personally liable
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Page 9
Chapter 8: International Law in a Global Economy
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Sample Questions
Q1) A foreign state is immune from the jurisdiction of U.S.courts as long as the state is involved in commercial activity in the United States.
A)True
B)False
Q2) An international custom is a general practice accepted in the international arena as law.
A)True
B)False
Q3) Business Abroad,Inc. ,a U.S.firm,obtains a judgment in a U.S.court against Quang Tri,Ltd. ,a Vietnamese business.Whether the court's judgment will be enforced by a court in Vietnam depends on the Vietnamese court's application of
A)the act of state doctrine.
B)the doctrine of sovereign immunity.
C)the principle of comity.
D)the World Trade Organization .
Q4) Confiscating property without compensation does not normally violate principles of international law.
A)True
B)False
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Chapter 9: Contract Formation
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Sample Questions
Q1) The rules of contract law are often followed to avoid potential disputes.
A)True
B)False
Q2) Misrepresentation of a material fact can occur through conduct alone.
A)True
B)False
Q3) Under the mailbox rule,an acceptance takes effect at the time it is sent.
A)True
B)False
Q4) A unilateral is a promise for an act.
A)True
B)False
Q5) A contract is always enforceable even if one party is aware that the other party made a mistake of fact.
A)True
B)False
Q6) A contract involving property of any kind must be in writing to be enforceable.
A)True
B)False
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Chapter 10: Contract Performance,breach,and Remedies
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Sample Questions
Q1) Elin contracts to buy six cases of vintage Fertile Valley wine from Grapes & Vines Winery for $1,200.The contract states that delivery is to be made at Elin's residence "on or before May 1,to be used for daughter's wedding reception on May 2." On May 1,Grapes & Vines's delivery van is involved in an accident,and no wine is delivered that day.On the morning of May 2,Elin buys the wine from Happy Hill Winery.That afternoon,just before the reception,Grapes & Vines tenders delivery of the wine at Elin's residence.Elin refuses tender.Grapes & Vines sues Elin for breach of contract.How is the court most likely to rule
Q2) Real Cheap Painters,Inc. ,agrees to paint Quint's house,using a particular brand of "discount" paint.Real Cheap completes the job but uses a different brand of discounted paint.This is most likely
A)an absolute excuse for Quint's refusal to pay.
B)a material breach.
C)complete performance.
D)substantial performance.
Q3) A contract will be discharged if foreseeable circumstances make it impossible to attain the contract's purpose.
A)True
B)False
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12
Chapter 11: Sales,leases,and E-Contracts
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Sample Questions
Q1) Express warranties can be found in a seller's brochure
A)True
B)False
Q2) Cheesy Pizza Company contracts to sell 1,000 cases of frozen pizzas to Roller Rinks,Inc. ,but refuses to deliver.Due to a spice shortage,Roller Rinks cannot obtain pizza elsewhere.Roller Rinks's right to recover the goods from Cheesy is the right of A)cover.
B)cure.
C)replevin.
D)specific performance.
Q3) Inst-ee Gadgets,Inc. ,and Jolly Outlets Corporation enter into a contract for a sale of kitchenware.The contract requires Inst-ee to deliver the goods to Ladle Carrier Company for transport to Jolly's warehouse in Metro City.Risk of loss passes to Jolly when A)Inst-ee delivers the goods to Ladle.
B)Inst-ee identifies the goods to the contract.
C)Ladle transports the goods to Jolly's warehouse.
D)the goods arrive in Metro City.
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Chapter 12: Torts and Cyber Torts
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Sample Questions
Q1) Under the theory of negligence,the duty of care requires an intentional act.
A)True
B)False
Q2) Ian steals a business law textbook from Jules.Kris,who does not know that the book is stolen,buys it from Ian.Kris has committed A)conversion.
B)disparagement of property.
C)no tort.
D)wrongful interference with a business relationship.
Q3) Amber shops in a Breezy Bargains store,whose employee Connor recently mopped the floor.Amber slips,falls,and suffers an injury.Breezy is liable to Amber on a negligence theory if there was a "Wet Floor" warning sign and
A)Amber cannot read it.
B)Amber was distracted by other patrons.
C)Amber was enticed by a nearby display.
D)Connor did not place the sign near the wet floor.
Q4) Tortfeasor is the term for a person who commits a tort.
A)True
B)False
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Chapter 13: Strict Liability and Product Liability
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Sample Questions
Q1) Mighty Fine Company makes a surfboard,which it sells to Nature Sports Equipment (NSE),a distributor.NSE sells the board to Ocean Store,where Pat buys it.Pat gives it to Quinn,who suffers an injury due a defect in the board.If Mighty Fine,NSE,and Ocean Store were not negligent,can they be liable to Quinn for the injury If so,how what basis,and for what reasons
Q2) Kitchen Kutters Corporation (KKC)makes kitchen knives and other consumer products.KKC could be liable for a design defect if there is a foreseeable risk of harm posed by a product and A)the omission of a warning renders the product not reasonably safe.
B)there is a lack of care in making of the product.
C)there is a reasonable alternative design.
D)there is not a reasonable alternative design.
Q3) Yard Tool Company makes and leases a backhoe to Zack.Due to a defect attributable to Yard Tool's negligence,Zack is injured in an accident in which his neighbor Aron is also hurt.In a product liability suit based on negligence,Yard Tool may be liable to A)Aron only.
B)no one.
C)Zack and Aron.
D)Zack only.
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Page 15
Chapter 14: Intellectual Property and Internet Law
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Sample Questions
Q1) An arbitrary use of ordinary words may not be trademarked.
A)True
B)False
Q2) Kim uses,on her new recording Let's Go,the guitar solo from Malcolm's digital sound recording without his permission.This is
A)copyright infringement.
B)fair use.
C)licensing.
D)protected expression.
Q3) Diamond Financial Planners employs Elle,Diamond's most productive performer.Elle,however,dissatisfied with the commission structure,quits to work for Feldstar Investments,Inc.Elle takes her list of Diamond clients to induce them to switch to Feldstar.Laws related to trade secrets cover
A)Diamond's list of clients.
B)Elle's performance methods.
C)Feldstar's commission structure.
D)none of the choices.
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Chapter 15: Creditor-Debtor Relations and Bankruptcy
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Sample Questions
Q1) Payment of the principal obligation will not discharge the surety from the obligation.
A)True
B)False
Q2) To adjust debt and institute a repayment plan,Charlie-who is not a corporation,a partnership,or a family farmer or fisherman-may file a petition in bankruptcy for relief through
A)a liquidation.
B)a reorganization.
C)a repayment plan.
D)a family-farmer bankruptcy plan.
Q3) An artisan's lien is possessory.
A)True
B)False
Q4) Liu and Midge-Nero's creditors-contract with Nero for the discharge of Nero's liquidated debts on payment of a lesser sum.This is
A)a composition agreement.
B)a subrogation.
C)a suretyship agreement.
D)in violation of most states' laws.
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Chapter 16: Mortgages Foreclosures After the Recession
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Sample Questions
Q1) A reverse mortgage starts as a fixed-rate mortgage and then converts into an adjustable-rate mortgage.
A)True
B)False
Q2) In a judicial foreclosure,the lender is allowed to foreclose on and sell the property without judicial supervision.
A)True
B)False
Q3) Ruth owns a home on which she has two mortgages provided by Security Bank.Town Refinance Inc.tells Ruth that it can refinance the loans to reduce her payments.Town Refinance provides all of the required documents,which accurately state the payments under the new loan as higher.Ruth does not read the documents.Town Refinance is most likely liable for A)fraud.
B)misrepresentation.
C)negative amortization.
D)nothing.
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Chapter 17: Sole Proprietorships, franchises, Partnerships
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Sample Questions
Q1) Echo enters into an agreement with Deep Pan Pies,Inc. ,to operate a franchise in Centre City.Later,Deep grants franchises to others within the city.Echo files a suit to close them.If the court rules in Echo's favor it will most likely be on the ground that
A)Deep violated the antitrust laws.
B)Deep violated the implied covenant of good faith and fair dealing.
C)Echo paid a franchise fee.
D)Echo was the first Deep franchisee in Centre City.
Q2) Any event that makes its unlawful for a partnership to continue its business will result in dissolution.
A)True
B)False
Q3) Flip Gymnastics & Karate,Inc. ,grants a franchise to Gibby to operate a Flip gym.Flip may require Gibby to pay the franchisor a percentage of his A)annual sales or volume of business.
B)weekly payroll expense.
C)monthly overhead savings.
D)none of the choices.
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Page 19
Chapter 18: Limited Liability Companies and Limited Partnerships
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Sample Questions
Q1) A limited liability partnership allows its partners to avoid personal liability for the malpractice of other partners.
A)True
B)False
Q2) Normally,a dissociated member of an limited liability company (LLC)has the right to force the LLC to dissolve.
A)True
B)False
Q3) Cecilia's Day Spa,LLC,is a member-managed limited liability company.If the law in Cecilia's state is like the law in most states,unless the members have agreed otherwise,voting rights are apportioned according to
A)capital contributions.
B)participation in management.
C)the number of members.
D)transactions with the firm.
Q4) A limited liability company can be taxed as a partnership.
A)True
B)False
Page 20
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Chapter 19: Corporations
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Sample Questions
Q1) Bret and Courtney form Delite Day Care,Inc.Ultimate responsibility for policy decisions necessary to the management of corporate affairs rests with Delite's A)board of directors.
B)incorporators.
C)officers.
D)shareholders.
Q2) Directors have a right to participate in all board of directors' meetings. A)True B)False
Q3) Odell is a director of Price Rite,Inc.As a director,with respect to the corporation,Odell is
A)a fiduciary.
B)a forum.
C)a proxy.
D)a quorum.
Q4) To pierce the corporate veil means to ignore the corporate structure,exposing the shareholders to personal liability.
A)True B)False
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Chapter 20: Agency
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Sample Questions
Q1) Louis,a certified public accountant and an investor,and Maria,an insurance salesperson and a realtor,may create an agency relationship for A)a business purpose only.
B)a legal purpose only.
C)any purpose.
D)no purpose.
Q2) Independent contractors have no control over the details of their work performance. A)True
B)False
Q3) A principal owes his or her agent a duty to act in good faith.
A)True
B)False
Q4) Normally,all employees who deal with third parties are deemed to be agents. A)True
B)False
Q5) An agency relationship may be terminated by an act of the parties but not by operation of law.
A)True
B)False
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Chapter 21: Employment Relationships
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Sample Questions
Q1) Employee contributions to pension plans vest immediately.
A)True
B)False
Q2) Rich works as a forklift operator for Storage Warehouse Company.Assuming that Rich meets other requirements,the maximum number of hours that he can work per week without overtime pay is
A)thirty-nine.
B)forty.
C)forty-one.
D)unlimited.
Q3) Ewa is a current employee of Financial Accounting,Inc.Gomer,a former Financial employee who is currently unemployed,collects unemployment compensation.This is provided by a tax on
A)Ewa and Gomer only.
B)Ewa,Financial,and Gomer.
C)Financial only.
D)none of these parties.
Q4) Any employee who works more than eight hours per day must be paid overtime. A)True
B)False
Page 23
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Chapter 22: Employment Discrimination
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Sample Questions
Q1) Mona files an employment discrimination suit against Nationwide Distribution Corporation (NDC)under the Civil Rights Act of 1964.If Mona shows that NDC acted with malice or reckless indifference,she may recover
A)an unlimited amount of compensatory and punitive damages.
B)a limited amount of compensatory and punitive damages.
C)neither compensatory nor punitive damages.
D)compensatory or punitive damages,but not both.
Q2) Paolo has cerebral palsy,Quincy has kleptomania,and both work for Reality Insurance Company.Considered disabled under the Americans with Disabilities Act
A)are Paolo and Quincy.
B)is Paolo only.
C)is Quincy only.
D)is neither Paolo nor Quincy.
Q3) Employers who do not accommodate the needs of persons with disabilities must demonstrate that the accommodations would cause undue hardship.
A)True
B)False
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24
Chapter 23: Immigratiion and Labor Law
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Sample Questions
Q1) During a union election campaign,employers can undertake certain types of surveillance to identify union supporters.
A)True
B)False
Q2) Hotel Employees Union is engaged in collective bargaining with International Lodging,Inc.The employer would show bad faith by
A)compromising on particular issues.
B)constantly shifting positions on disputed contract terms.
C)not discussing union positions with employees.
D)sending only bargainers who have authority to commit to a contract.
Q3) A supervisor may be included in a worker union.
A)True
B)False
Q4) After every strike,strikers have a right to return to their jobs.
A)True
B)False
Q5) An employer may hire temporary substitute workers to replace strikers.
A)True
B)False
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Chapter 24: Consumer Protection
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Sample
Questions
Q1) Quackity Quack Company's ad states that its product is "the best on the market today." Because of this ad,the Federal Trade Commission is most likely to
A)do nothing.
B)draft a formal complaint.
C)issue a cease-and-desist order.
D)require counteradvertising.
Q2) The key federal statute regulating the credit and credit-card industries is basically a disclosure law.
A)True
B)False
Q3) Special Roast Coffee,Inc. ,processes and sells a variety of coffee products.Special Roast's product packages must include
A)the company owner's identity.
B)the contents' net quantity.
C)the restaurants and stores in which the product is sold.
D)the type of consumer most likely interested in the product.
Q4) Food products are not required to bear labels detailing the nutritional content.
A)True
B)False
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Chapter 25: Environmental Law
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Sample Questions
Q1) An environmental impact statement is required for every major federal action that significantly affects the quality of the environment.
A)True
B)False
Q2) States may restrict emissions from motor vehicles.
A)True
B)False
Q3) Truckers Storage Depot,a private company,wants to build a warehouse on private land.For this action,an environmental impact statement is
A)prohibited.
B)required.
C)unnecessary.
D)voluntary.
Q4) New sources of water pollutants must install pollution-control equipment before beginning operations.
A)True
B)False
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27
Chapter 26: Real Property Land-Use Control
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Sample Questions
Q1) Most states allow the government to take private property for a private use.
A)True
B)False
Q2) Region Construction Company has a right to drive its trucks across Stable Business,Inc.'s property,which is adjacent to Region's office.This right is
A)a leasehold estate.
B)a license.
C)an easement.
D)a profit.
Q3) Buster conveys one square block in Center City "to Diana for life,then to Center City." For Diana,this creates
A)a fee simple absolute.
B)a leasehold estate.
C)a life estate.
D)an easement.
Q4) A recording statute allows deeds to be recorded in the public record.
A)True
B)False
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Chapter 27: Antitrust and Monopoly
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Sample Questions
Q1) The basic purpose of antitrust law is to restrict competition.
A)True
B)False
Q2) The Sherman Act applies only to acts that have a significant impact on interstate commerce.
A)True
B)False
Q3) Seaside Cannery,Inc. ,is one of many producers of canned seafood.Seaside refuses to sell its products to Port Harbor Restaurant Corporation.Under antitrust law,this refusal is most likely
A)a per se violation.
B)a violation if its competitors make similar deals.
C)a violation if it thereby acquires monopoly power.
D)not a violation.
Q4) Industrial Coatings Corporation has exclusive control over the market for its product.Under the Sherman Act,this is
A)a per se violation.
B)a violation if it acquired this power through "business acumen."
C)a violation if it acquired this power through "anticompetitive means."
D)not a violation.
Page 29
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Chapter 28: Antitrust and Restraints of Trade
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Sample Questions
Q1) Any agreement among competitors to fix prices constitutes a per se violation of antitrust law.
A)True
B)False
Q2) A price fixing agreement is analyzed under the rule of reason.
A)True
B)False
Q3) Smooth Sailing,Inc. ,conditions future shipments of its products to distributors on their agreement to charge the prices set by Smooth.This is
A)a barrier to entry.
B)a horizontal restraint.
C)a merger.
D)a vertical restraint.
Q4) USA Cellphone Corporation requires all distributors of its products to sell the products at specified minimum prices.This resale price maintenance agreement is A)a per se violation of antitrust law.
B)a legal restraint of trade.
C)subject to evaluation under the rule of reason.
D)not subject to antitrust law.
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Chapter 29: Investor Protection and Corporate Governance
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Q1) Della,an officer for Energy Petrol Corporation (EPC),buys 100 shares of EPC stock.One week later,EPC announces that it will merge with a competitor,Fuel Oil Company,and the price of EPC stock increases.One month later,Della sells her shares for a profit.Under Section 16(b)of the Securities Exchange Act of 1934,Della would not be liable if,after buying the stock,she had waited
A)less than fourteen days to sell it.
B)more than six months to sell it.
C)ninety days to sell it.
D)two months to sell it.
Q2) The definition of security in the Securities Act of 1933 does not include instruments and interests commonly known as securities.
A)True
B)False
Q3) Securities that are exempt from the registration requirement can not generally be resold without being registered.
A)True
B)False
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Chapter 30: Part I: The Foundations
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Q1) Ethical behavior on the part of Plastics Products Company may be inhibited by
A)clear ethical standards.
B)collective decision making.
C)legislative determinations of what represents society's best interest.
D)managers' dissent to unethical decisions.
Q2) Mike casts unwarranted doubts on Nina,a co-worker,to gain a job promotion.This is unethical
A)only if Mike is caught.
B)only if Mike gets the promotion.
C)under any circumstances.
D)under no circumstances.
Q3) Sustainability-economic development that meets the needs of the present without compromising the ability of future generations to meet their needs-is directly addressed by
A)no U.S.statute or other nation's law.
B)U.S.federal environmental laws.
C)other nations' laws but no U.S.statute.
D)international law only.
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Chapter 31: Part II: The Public and International Environment
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Q1) DrugCo,Inc. ,makes and markets Evenflo,a prescription drug.Food and Drug Administration (FDA)rules require ads for prescription drugs to disclose all of the potential negative side effects.Display ads on the Web are not amenable to such lists.Thus to comply with FDA rules,on the Web DrugCo should run
A)a general,disease-related search ad.
B)an ad for Evenflo without a list of side effects.
C)a tweet.
D)no ads.
Q2) Arnie posts online a note that "I have good pix of child & me" with a link to several pictures of minors engaged in sex.Arnie is charged with violating a statute that makes it a crime to distribute material intended to make others believe it is child pornography.He argues that the statute is unconstitutional.The court is most likely to hold that the statute is
A)unconstitutional because it criminalizes speech.
B)unconstitutional because it is overbroad.
C)unconstitutional because it is impermissibly vague.
D)valid because it does not prohibit a substantial amount of protected speech.
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Page 33
Chapter 32: Part III: The Commercial Environment
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Q1) The Anti-Counterfeiting Trade Agreement is most likely to establish an international governing body to be
A)subject to the World Intellectual Property Organization.
B)under the auspices of the World Trade Organization.
C)part of the Internet Corporation for Assigned Names and Numbers.
D)separate and distinct from existing groups.
Q2) Hamidi,a coffee farmer in Kenya,forms an alliance with Guthrie,an importer and marketer in Ireland.Their products carry a Fair Trade label.This means that Hamidi
A)accepts whatever price for his products that the market will bear.
B)produces crops with genetically modified organisms.
C)puts children to work whenever possible.
D)uses environmentally sustainable farming methods.
Q3) Dale's debts are discharged in a liquidation bankruptcy.With respect to Dale's prebankruptcy debt,Even Stevens Credit Reporting Agency must automatically report A)nothing.
B)the debt as "discharged," except the nondischargeable debt.
C)the debt as "discharged," including the nondischargeable debt.
D)the debt as "unpaid."
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34
Chapter 33: Part IV: The Business Environment
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Q1) Kirby is a manager of Jumpstart Fitness LLC,a limited liability company.Jumpstart is formed in a state that imposes fiduciary duties on LLC managers.Kirby owes these duties to
A)Jumpstart's members.
B)Jumpstart's suppliers.
C)Jumpstart's customers.
D)none of the choices.
Q2) Beyond Gamez,Inc. ,a video game retailer based in California,does business in all fifty states exclusively online.According to New York state tax law,an out-of-state online retailer must collect and remit state taxes to New York if the retailer
A)plans to establish a substantial physical presence in New York.
B)targets a potential marketing base in New York.
C)maintains a Web site accessible in New York.
D)pays a party within New York to solicit business for its products.
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Chapter 34: Part V: The Employment Environment
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Q1) AgriEquip Service & Supply,Inc. ,sends Merilyn an e-mail in which AgriEquip offers to employ her for certain hours and a specific amount of money over a limited period of time.She responds with a counteroffer that reduces the hours and increases the money.AgriEquip e-mails an acceptance.Merilyn performs,but AgriEquip refuses to pay.She files a suit against AgriEquip for breach of contract.The court is most likely to rule that the e-mail
A)showed only an agreement to agree.
B)was an agreement to the essential terms of an employment contract.
C)constituted an unenforceable,non-existent contract.
D)contained a contract but is unenforceable because it is electronic.
Q2) Paisley works for Rick's Air Conditioning & Heating Service.Reasons for holding Rick's liable under the doctrine of respondeat superior for Paisley's tort injuring Nikki do not include the employer's
A)ability to afford Nikki more effective relief.
B)ability to pay for Nikki's injury.
C)control over Paisley.
D)guilt or innocence.
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Page 36
Chapter 35: Part VI: The Regulatory Environment
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Q1) Cool Corporation makes energy-saving air conditioning units.Cool anticipates a change in the demand for its products as a consequence of climate change.One argument in favor of requiring Cool to disclose this information is that it could lead to
A)additional protections under the Sarbanes-Oxley Act of 2002.
B)an increase in the number of shareholder suits against competitors.
C)sound investment decisions by investors.
D)the conversion of Cool from publicly held to privately held.
Q2) Pinpoint Marketing,Inc.(PMI),a credit-reporting agency,sells data about consumers to merchants and others.Consumers have some recourse if PMI
A)realizes a profit from the sales.
B)sells data about consumers who request to be "blacklisted."
C)does not report the data accurately.
D)does not tell consumers when the data is sold.
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