Question 1

The FedEx delivery person decides to punch out a customer who is wearing a "What Would Jesus Do?" t-shirt because the delivery person secretly hates Christians.Who is liable?

Accepted Answer

A) The delivery person. 
B) FedEx. 
C) Both of the above. 
D) None of the above. 
A) The delivery person. 
B) FedEx. 
C) Both of the above. 
D) None of the above.

Question 2

"Cola" is eligible for trademark protection.

Accepted Answer

A) True 
 B)False

Question 3

The Bill of Rights refers to the 26 amendments of the U.S.Constitution.

Accepted Answer

A) True 
 B)False

Question 4

Patents are valid for the following number of years:

Accepted Answer

A) 10. 
B) 15. 
C) 17. 
D) 20. 
A) 10. 
B) 15. 
C) 17. 
D) 20.

Question 5

An offeror may revoke an offer after it has been made to the offeree.

Accepted Answer

A) True 
 B)False

Question 6

Once filed,a financing statement is effective for the duration of the loan.

Accepted Answer

A) True 
 B)False

Question 7

Adoption terminates the legal rights of the biological parents.

Accepted Answer

A) True 
 B)False

Question 8

Misdemeanors are less serious crimes than felonies.

Accepted Answer

A) True 
 B)False

Question 9

Contracts to engage in illegal activity are.

Accepted Answer

A) Void. 
B) Voidable. 
C) Executory. 
D) Executed. 
A) Void. 
B) Voidable. 
C) Executory. 
D) Executed.

Question 10

A limited liability partnership (LLP)can exist without having a general partner.

Accepted Answer

A) True 
 B)False

Question 11

The lawyers opening statements are not evidence,but the closing arguments are evidence.

Accepted Answer

A) True 
 B)False

Question 12

A motion for judgment on the pleadings is based only on the pleadings.

Accepted Answer

A) True 
 B)False

Question 13

A gives material nonpublic information to B,who then passes it along to C.B is a:

Accepted Answer

A) Tipper. 
B) Tippee. 
C) None of the above. 
D) Both of the above. 
A) Tipper. 
B) Tippee. 
C) None of the above. 
D) Both of the above.

Question 14

Explain the attributes of a business corporation.

Accepted Answer

Corporations are the most dominant form

Question 15

To prove a case of false and deceptive advertising,the FTC needs to prove that consumers were deceived by the ad in question.

Accepted Answer

A) True 
 B)False

Question 16

Federal environmental protection law prohibits businesses from polluting the air and water.

Accepted Answer

A) True 
 B)False

Question 17

The following type of asset is a commodity:

Accepted Answer

A) Cocoa. 
B) Debentures. 
C) Preferred stock. 
D) Oil rights. 
A) Cocoa. 
B) Debentures. 
C) Preferred stock. 
D) Oil rights.

Question 18

Insider trading occurs when anyone buys or sells stock based nonpublic information.

Accepted Answer

A) True 
 B)False

Question 19

A prospectus is designed for:

Accepted Answer

A) Possible investors. 
B) Lawyers. 
C) Accountants. 
D) Judges. 
A) Possible investors. 
B) Lawyers. 
C) Accountants. 
D) Judges.

Question 20

In order to file a Chapter 13 bankruptcy petition,the debtor must have:

Accepted Answer

A) Regular income. 
B) No secured debt. 
C) Be prepared to pay off all their debts. 
D) Be prepared to lose their assets. 
A) Regular income. 
B) No secured debt. 
C) Be prepared to pay off all their debts. 
D) Be prepared to lose their assets.

The FedEx delivery person decides to punch out a customer who is wearing a "What Would Jesus Do?" t-shirt because the delivery person secretly hates Christians.Who is liable?

"Cola" is eligible for trademark protection.

The Bill of Rights refers to the 26 amendments of the U.S.Constitution.

Patents are valid for the following number of years:

An offeror may revoke an offer after it has been made to the offeree.

Once filed,a financing statement is effective for the duration of the loan.

Adoption terminates the legal rights of the biological parents.

Misdemeanors are less serious crimes than felonies.

Contracts to engage in illegal activity are.

A limited liability partnership (LLP)can exist without having a general partner.

The lawyers opening statements are not evidence,but the closing arguments are evidence.

A motion for judgment on the pleadings is based only on the pleadings.

A gives material nonpublic information to B,who then passes it along to C.B is a:

Explain the attributes of a business corporation.

To prove a case of false and deceptive advertising,the FTC needs to prove that consumers were deceived by the ad in question.

Federal environmental protection law prohibits businesses from polluting the air and water.

The following type of asset is a commodity:

Insider trading occurs when anyone buys or sells stock based nonpublic information.

A prospectus is designed for:

In order to file a Chapter 13 bankruptcy petition,the debtor must have:

The Nature of Law and Critical Legal Thinking

The American Court System

Civil Litigation and Alternative Dispute Resolution

Criminal Law and Ethics

Constitutional Law and Freedoms

Torts and Product Liability

Contracts and E-Commerce

Real and Personal Property

Family Law

Wills,Trusts,and Estates

Business Organizations

Agency, Employment, and Equal Opportunity Law

Credit, Suretyship, and Bankruptcy

Intellectual Property and Internet Law

Administrative Law, Consumer, Investor, and Environmental Protection

Filters

Exam 16: Concepts in Law

The FedEx delivery person decides to punch out a customer who is wearing a "What Would Jesus Do?" t-shirt because the delivery person secretly hates Christians.Who is liable?

"Cola" is eligible for trademark protection.

The Bill of Rights refers to the 26 amendments of the U.S.Constitution.

Patents are valid for the following number of years:

An offeror may revoke an offer after it has been made to the offeree.

Once filed,a financing statement is effective for the duration of the loan.

Adoption terminates the legal rights of the biological parents.

Misdemeanors are less serious crimes than felonies.

Contracts to engage in illegal activity are.

A limited liability partnership (LLP)can exist without having a general partner.

The lawyers opening statements are not evidence,but the closing arguments are evidence.

A motion for judgment on the pleadings is based only on the pleadings.

A gives material nonpublic information to B,who then passes it along to C.B is a:

Explain the attributes of a business corporation.

To prove a case of false and deceptive advertising,the FTC needs to prove that consumers were deceived by the ad in question.

Federal environmental protection law prohibits businesses from polluting the air and water.

The following type of asset is a commodity:

Insider trading occurs when anyone buys or sells stock based nonpublic information.

A prospectus is designed for:

In order to file a Chapter 13 bankruptcy petition,the debtor must have:

The Nature of Law and Critical Legal Thinking

The American Court System

Civil Litigation and Alternative Dispute Resolution

Criminal Law and Ethics

Constitutional Law and Freedoms

Torts and Product Liability

Contracts and E-Commerce

Real and Personal Property

Family Law

Wills,Trusts,and Estates

Business Organizations

Agency, Employment, and Equal Opportunity Law

Credit, Suretyship, and Bankruptcy

Intellectual Property and Internet Law

Administrative Law, Consumer, Investor, and Environmental Protection

Filters