Exam 13: Media Business Law

Renee Ashton is a world-renowned lyric soprano. Renee has performed famous operatic roles in virtually every country around the world, but settles in Orlando, Florida when she tires of traveling. Renee signs a 5-year contract with Disney containing a non-compete clause. Two years into the contract, Renee terminates her employment with Disney to sing with the Orlando Opera Company. Based on the non-compete clause, a court may force Renee to return to Disney for the duration of the contract.

The illegal business practice where market participants base decisions on confidential information not known generally to the market is known as ____ .

Swole Chesticles trains Slim Shady every Tuesday at the same gym. Swole offers to train Slim an additional day, every Thursday, for the same fee to prepare him to participate in the Gladiator Games competition. Shady arrives at the gym the next Thursday and is trained by Chesticles. There is no valid contract between the two men because Shady did not accept Chesticles' offer.

Employment laws generally apply to all of the following except

Roman's Empire, Inc., a conglomerate owning 50 percent of the broadcast and print media in the United States, intends to sale some of its stocks. Roman's files a registration statement with the SEC. Roman's may immediately begin promoting the stock sale.

Legal language generally accompanying advance press releases for stock sales warn investors of "risks and uncertainties" that generally covers what item(s) below?

"Coogan's Law" requires which of the following items on behalf of child actors and performers?

Which of the following actions is a regulation on media ownership?

TeeVee News, Inc. decides to initiate a stock sale. The president of TeeVee purposefully inflates the numbers on stock performance to make the company's history appear more successful than it truly was. The president may take such action to insure the success of the stock offering without accruing any personal liability.

Which of the following is not a labor union specifically for media employees?

Suppose Aaron Wannabe is offered a job with the law firm of Amber, Lance & Chaser. During the interview, senior partner Lance discusses with Wannabe their unwritten policy of the firm requiring new hires to work for at least three years. Wannabe, however, tries to terminate his employment after just two years when offered the drummer's position in a band. If a legal arbitrator finds Wannabe must remain with the firm for the full three years, what term below is likely relevant?

Aunt Sipatory offered to pay her nephew $10,000 for attending and completing high school with a 4.0 GPA. Nephew N. Pharby Tween replies that he will only do it if Sipatory agrees to pay him $10,000 and buy Tween a brand new Mustang. Nephew's conditional acceptance has created a valid contract.

A newspaper reporter promises his source to keep the source's identity confidential when running a story that indicts his employer. The secret source is accidentally named in the story and subsequently fired from his job. What legal doctrine allows the source to sue for damages?

The National Labor Relations Act (NLRA) grants all of these rights to employees except ___.

A conditional acceptance is sufficient to create a valid contract where the elements of offer and consideration are also satisfied.

Adopted in 1935, __________ functions, in part, to protect employees from punishment for engaging in union activity.

All but one of the following are employment situations where a non-compete clause is appropriate. Which option does not belong?

WYME is seeking to hire a new co-anchor for the prime time news. In compliance with all federal and state regulations, WYME does not have to do any more than post the opening in the local paper.

A U.S. company wishing to take control of one of its publicly traded competitors must disclose what to the SEC?

Par Ol and his neighbor, Evie Dentz, were standing on the sidewalk discussing the state of landscaping on their two properties. Ol was admiring the new trim Dentz had installed around her flowerbeds. In their conversation, Dentz orally agreed to install the same trim on Ol's property if he would pay her the cost of the supplies plus $100. Dentz purchased the trim, but used it on another of her flower beds. Dentz is not in breach because a valid contract was not formed.