Question 1

In the Friezo case,with respect to the enforceability of a prenuptial agreement,the majority cited as a significant factor that

Accepted Answer

A) the prospective husband acknowledged in the agreement that he had examined it and understood it. 
B) the prospective husband had considerable financial experience and spent much time drafting the prenuptial agreement. 
C) the prospective wife acknowledged in the agreement that she had examined it and understood it. 
D) the prospective wife had little time to evaluate the agreement and lacked financial experience. 
A) the prospective husband acknowledged in the agreement that he had examined it and understood it. 
B) the prospective husband had considerable financial experience and spent much time drafting the prenuptial agreement. 
C) the prospective wife acknowledged in the agreement that she had examined it and understood it. 
D) the prospective wife had little time to evaluate the agreement and lacked financial experience. C

Question 2

Sylvia creates a profile for Today's Date,Inc. ,an online dating service.She exaggerates her appealing features and posts a photo of her friend Uva,whom Sylvia thinks is prettier.Enticed by the profile,Van contacts Sylvia.Disappointed,Van files a suit against Today's Date,claiming fraud.The service is most likely

Accepted Answer

A) immune from liability under the Communications Decency Act. 
B) liable for fraud. 
C) liable on the ground of embarrassment. 
D) liable on the ground of mistake. 
A) immune from liability under the Communications Decency Act. 
B) liable for fraud. 
C) liable on the ground of embarrassment. 
D) liable on the ground of mistake. A

Question 3

Under the facts in the previous question,with respect to the enforceability of a prenuptial agreement,the majority in the Friezo case stated that the most effective method of satisfying the statute is

Accepted Answer

A) a conference among the prospective spouses and their advisors. 
B) a discussion between the prospective spouses without third parties. 
C) an independent third party accountant's examination of each party's records. 
D) a written schedule appended to the prenuptial agreement. 
A) a conference among the prospective spouses and their advisors. 
B) a discussion between the prospective spouses without third parties. 
C) an independent third party accountant's examination of each party's records. 
D) a written schedule appended to the prenuptial agreement. D

Question 4

Van participates in an online fantasy football league.At the beginning of the season,he and the other participants each contribute a certain amount to the pot.Then each participant creates a fantasy team composed of real-life players from different teams.Each week the team "owners" are awarded points based on the performances of their players.At the end of the season,the team "owner" with the most points wins the pot.This is illegal gambling activity according to

Accepted Answer

A) a federal court. 
B) Congress. 
C) ESPN. 
D) none of the choices. 
A) a federal court. 
B) Congress. 
C) ESPN. 
D) none of the choices.

Question 5

Jen participates in fantasy football games online by creating a fantasy team that is composed of real-life players from different teams and competes against teams created by other "owners." Jen pays a fee to the sponsoring site,which awards prizes at the end of the season.This is illegal gambling activity according to

Accepted Answer

A) a federal court. 
B) Congress. 
C) ESPN. 
D) none of the choices. 
A) a federal court. 
B) Congress. 
C) ESPN. 
D) none of the choices.

Question 6

Genie.com initiates an online dating service.To attract subscribers and encourage participation,Genie.com creates and posts profiles of fictitious persons and exaggerated profiles of actual users.Fooled by a false profile,Ham files a suit against Genie.com,claiming fraud.The court will most likely

Accepted Answer

A) dismiss the suit under the Communications Decency Act. 
B) allow Ham's claim to proceed to trial on the claim of fraud. 
C) allow Ham's suit to proceed but on the ground of embarrassment. 
D) allow Ham's suit to proceed but on the ground of mistake. 
A) dismiss the suit under the Communications Decency Act. 
B) allow Ham's claim to proceed to trial on the claim of fraud. 
C) allow Ham's suit to proceed but on the ground of embarrassment. 
D) allow Ham's suit to proceed but on the ground of mistake.

Question 7

Etan proposes marriage to Francie and asks her to sign a prenuptial agreement.An applicable state statute provides that such an agreement is not enforceable if,before its execution,either party does not receive a "fair and reasonable disclosure" of the other's property,financial obligations,and income.As noted in the Friezo case,most jurisdictions that apply this standard

Accepted Answer

A) do not impose requirements for disclosure. 
B) require a general approximation of each party's income,assets,and liabilities. 
C) require any financial disclosure to be exact and precise. 
D) require the disclosure of assets but not liabilities. 
A) do not impose requirements for disclosure. 
B) require a general approximation of each party's income,assets,and liabilities. 
C) require any financial disclosure to be exact and precise. 
D) require the disclosure of assets but not liabilities.

Question 8

In the facts of the previous question,to support the enforcement of the covenant not to compete in the event of a suit,QOC should

Accepted Answer

A) expand the covenant's area restriction. 
B) narrow the covenant's time restriction. 
C) post the covenant on the Web. 
D) require all employees to sign the covenant. 
A) expand the covenant's area restriction. 
B) narrow the covenant's time restriction. 
C) post the covenant on the Web. 
D) require all employees to sign the covenant.

Question 9

Pam,an employee of Quality Online Corporation (QOC),signs a covenant not to compete with QOC.In such a covenant,an employee typically agrees not to compete with an employer

Accepted Answer

A) if the employer is involved in a non-Internet-related business. 
B) if the employer is involved in an Internet-related business. 
C) in a specified area for a certain period of time. 
D) under any circumstances. 
A) if the employer is involved in a non-Internet-related business. 
B) if the employer is involved in an Internet-related business. 
C) in a specified area for a certain period of time. 
D) under any circumstances.

Exam 35: Legal Issues in Online Relationships and Agreements

In the Friezo case,with respect to the enforceability of a prenuptial agreement,the majority cited as a significant factor that

Under the facts in the previous question,with respect to the enforceability of a prenuptial agreement,the majority in the Friezo case stated that the most effective method of satisfying the statute is

Genie.com initiates an online dating service.To attract subscribers and encourage participation,Genie.com creates and posts profiles of fictitious persons and exaggerated profiles of actual users.Fooled by a false profile,Ham files a suit against Genie.com,claiming fraud.The court will most likely

In the facts of the previous question,to support the enforcement of the covenant not to compete in the event of a suit,QOC should

Pam,an employee of Quality Online Corporation (QOC),signs a covenant not to compete with QOC.In such a covenant,an employee typically agrees not to compete with an employer

The Legal and Constitutional Environment of Business

Traditional and Online Dispute Resolution

Ethics and Business Decision Making

Torts and Cyber Torts

Intellectual Property and Internet Law

Criminal Law and Cyber Crimes

Nature and Classification

Agreement and Consideration

Capacity and Legality

Defenses to Contract Enforceability

Third Party Rights and Discharge

Breach and Remedies

E-Contracts and E-Signatures

The Formation of Sales and Lease Contracts

Title and Risk of Loss

Performance Breach of Sales Lease Contracts

Warranties and Product Liability

Negotiability, transferability, and Liability

Checks and Banking in the Digital Age

Security Interest in Personal Property

Creditors Rights and Bankruptcy

Agency Relationships

Employment Law and Immigration

Sole Proprietorships, partnerships, Ltd Liability

Corporate Formation, financing, and Termination

Corporate Directors, officers, and Shareholders

Investor Protection, insider Trading, Corpgov

Personal Property and Bailments

Real Property and Landlord-Tenant Law

Insurance, wills, and Trusts

Liability of Accountants Other Professionals

International Law in a Global Economy

Regulations, Contracts, and Discovery

Legal Issues in Business and Commerce

Contracts and Consumer Protection

Liability of Silverado Bank in Prestridge v. Bank of Jena for Forged Checks.

Sovereign Immunity and Bankruptcy Law

Legal Issues in Employment and Liability Cases

Corporate Governance and Securities Law

Real Estate Law: Cases and Controversies

Corporate Ownership and Liability in Chilean Firms

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