Law 531 Final Exam A.

Front 1

Follow the link to get tutorial - http://entire-courses.com/LAW-531-Final-Exam-A.

Back 1

In this paperwork of LAW 531 Final Exam A. you will find the answers on the next questions: 1. A policy provision that requires an insured to carry a certain minimum level of insurance covering property in order to be able to recover the full policy amount is: 2. Which of the following statutes amended the National Labor Relations Act? 3. Which of the following is not a basis for an unfair competition claim under Section 5 of the Fair Trade Commission Act? 4. Edward's Warehouse stores a variety of generic goods for several distributors in Anytown. Which of the following describes Edward's liability for the bailed goods should something happen to them? 5. Where a landowner seeks permission to build a structure that does not comply with the current zoning regulations applicable to the land in question, the landowner would seek an: 6. What is a master limited partnership? 7. Judy just bought a new business with many employees. She has heard about the requirements of OSHA. What is the employer's general duty under OSHA? 8. Bob and Mary are husband and wife, respectively. They co-own their home as tenants by the entirety. In early 1997, Bob, without Marys knowledge, sells his share of the home to Alice, a ski instructor at Aspen Ski Area. Bobs will leaves all his property to Edith, a ski instructor at Sun Valley Ski Area. Bob unexpectedly dies on December 16, 1997. Who will own the home following his death? 9. In an agency for a fixed term, such as 1 year, prior to the end of the stated period,the agent has: 10. Someone who believes that moral decisions should be made such that the greatest amount of good in total results from the actions believes in which moral theory? 11. The statute that covers the operations of federal agencies is the: 12. A bailment where money is paid from one party to the other is usually described as: 13. A gift of real property made in a will is known as a: 14. A principal gives an agent express authority to get his car running right. The authority that the agent has to enter into contracts for the purchase of auto parts is: 15. If an auditor determines that the financial statements do not fairly present the financial results and position of the client, the auditor would issue an: 16. Under what doctrine are both the employer and employee free to terminate an employment relationship at any time? 17. A private corporation is one which: 18. Eric is a member of a manager-managed LLC but is not a manager. This LLC invests in real estate and manages it as rental property in a college town. Eric has made several recommendations to the managers regarding property that he considers to be a good buy. Eric, however, seldom performed even the slightest investigation of the property before recommending it to the managing members. Eric also purchased a couple of rental properties on his own account, taking very careful and sneaky steps to ensure that the other members of the LLC did not learn of these purchases. Which duties has Eric violated? 19. Aaron, after a long and distinguished career at a nuclear weapons plant in the plutonium storage department, is hired by a local company to work in its warehouse. Aarons skin has turned bright green from his years around the plutonium, but he is otherwise healthy and is not, himself, radioactive in any way. All scientific and health experts have determined that this condition is permanent,but harmless. After working in the warehouse, Aaron is not promoted, and Aaron believes it is because of his green skin. Which of the following, if it is true and is the reason that Aaron was not promoted, would give Aaron the best chance of prevailing if Aaron sues his employer because he was not promoted. 20. Nicole is president of the Blue Valley Credit Card Company. Nicole is concerned with the liability of the company for any use of the Blue Valley cards it has issued. Which of the following statements regarding credit cards is false? 21. Betty starts up a business selling party supplies from a retail store. This business is very successful. She opens several other stores in the same city. She eventually has six similar stores in her city. She has a manager for each store who is paid a fixed annual salary. All her other employees are paid on an hourly basis. She has never chosen any particular form of business organization for this business. This business is most likely: 22. Franchises account for approximately what percent of total retail sales in the United States? 23. Lynda is a member of a manager-managed LLC but is not a manager. However, Lynda has considerable expertise in the business of the LLC. Lynda assisted the managers for the first couple of years of the LLCs existence without any difficulties. During the third year, Lynda began to challenge some of the decisions made by the managers who had begun to shut Lynda out of most decisions. Lynda demands that as a member of the LLC she be allowed to participate in its management and that she be compensated for the services she is providing. In this case: 24. One of the requirements for a factory assembly job at Spruce Industries is that the worker be less than 6-feet tall. Aaron applies for the job, but is not hired. Which is true? 25. Recording statutes for real property: A) guarantee that buildings meet certain 26. The board of directors of Sunny Corporations votes 9-2 to require all future actions by the shareholders to be approved by a two-thirds majority. This action is: 27. The Hart-Scott-Rodino Antitrust Improvement Act led to rules requiring: 28. Robert was the president of JKL, Inc. JKL intended to purchase Target Co. JKLs intent was not public information, and when it became public, Targets stock would increase significantly in value. Robert individually bought 1,000 shares of Target Co. Ten months later, when the merger was publicly announced, Robert sold Targets stock and made a large profit. Assuming that Robert is guilty of a violation under the 1934 Securities and Exchange Act, what are the possible consequences? 29. The person empowered by the corporation to receive notice of lawsuits against it, is called the: 30. The Resource Conservation and Recovery Act addresses: 31. Under which types of tenancy can the tenancy be terminated by the landlord without prior notice to the tenant? 32. What does the veil of ignorance require under Rawlss distributive justice theory? 33. When the management of the target corporation of a tender offer opposes the tender offer, it can: 34. When is an agent liable for a tort committed by the principal? 35. Which of the following businesses can be operated as a sole proprietorship? 36. Which of the following is true in a typical franchise situation? 37. Which of the following items is not required to be included in a registration statement? 38. Which of the following is correct regarding administrative law judges? 39. Which of the following statements would not be deceptive under Section 5 of the Federal Trade Commission Act? 40. Which of the following is not required of a states compliance plan for a nonattainment area? 41. Which of the following is not one of the parties to a standard life insurance contract 42. Which of the following are grounds for an annulment? 43. Which of the following is true about general principles of law as a source of international law? 44. Which of the following is true about the contract exception to the employment atwill doctrine? 45. Which of the following statutes places an affirmative duty on employers to bargain in good faith with unions? 46. Which of the following must occur upon the conclusion of the winding-up process of a limited partnership? 47. Which of the following statements is false? 48. Which of the following forms of business combinations is seldom used today because of the advantages of other forms? 49. Which of the following situations generally does not create a bailment? 50. Why is the agent able to be held liable on a contract when the existence of the agency arrangement was not disclosed?

Front 2

Follow the link to get tutorial - http://entire-courses.com/LAW-531-Final-Exam-A.

Back 2

1) Which of the following is a distinguishing feature of a common law legal system? 2) Which best describes the types of agency authority held by officers of a corporation? 3) If an LLC fails to follow formalities such as keeping minutes of meetings, which of the following is true? 4) Martha started a flower shop as a sole proprietor. After 1 year, she was forced to close the shop because business was so bad. At that time, the business assets totaled $50,000, but the business liabilities totaled $125,000. Which of the following statements is true? 5) Partners of a general partnership 6) Which of the following forms of alternative dispute resolution allows both parties to see the strengths and weaknesses of both sides of the case through the presentation of evidence? 7) A ___________ is a court-appointed party who conducts a private trial and renders a judgment. 8) What is a form of alternative dispute resolution that is often used when the parties involved do not want to face one another? 9) Which of the following is true regarding mediation? 10) There are no accountants on the board of the Oriole Corporation, a privately held corporation. The board routinely relies on a Certified Public Accountant (CPA) to explain the financial situation of the corporation. The board does not do an independent analysis of the CPAТs report. In these circumstances, the board i 11) Self-dealing by a director of a corporation can best be described as 12) Which of the following is likely to be a breach of a corporate officerТs or directorТs duty of care? 13) In what ways may officers and directors be protected by the corporation from liability for actions taken as an officer or director? 14) If a plaintiff voluntarily participates in a risky activity that results in injury, what is the most likely defense to a claim that the plaintiff assumed the risk? 15) Mark is the treasurer of Sky-Hi Tech Corporation and, as such, he is responsible for protecting the assets of the corporation. One of MarkТs subordinates, Jill, is in charge of reconciling the monthly corporate bank statements. Over a period of several months, Jill embezzled a large amount of money from Sky-Hi Tech, covering up the theft using her bank reconciliations. If Mark had adequately supervised Jill, she could not have embezzled this money. MarkТs actions (or inactions) constitute a breach of his duty of 16) Barry buys a new sports car. The car sits low to the ground and because of the styling, visibility to the rear is limited. About a month after Barry buys the car, he backs over his pet poodle as he is leaving for work. In his strict liability suit against the car manufacturer, Barry will 17) If a judge rules that a party lost its case because of the Statute of Frauds, the judge has essentially stated which of the following? 18) What does the parol evidence rule do? 19) ABC LLC and XYZ Corp. entered into a contract whereby ABC is to supply XYZ with widgets. After receiving the first shipment of widgets, XYZ finds that the widgets, while meeting the physical standards specified in the contract, do not perform as XYZ anticipated. The contract is silent as to performance specifications, but XYZ suspects that ABC knew that it was manufacturing and supplying widgets that would not perform according to industry standard. XYZ initiates a lawsuit against ABC, alleging that ABC knowingly supplied defective widgets. What process will XYZ use to help it develop its case against ABC? 20) Under the Employee Retirement Income Security Act (ERISA), an employeeТs benefits must vest 21) Which of the following statutes provides that it is legal for employees to organize a union? 22) William was a factory worker at the Spruce Industries plant. When management found out that William is gay, he was fired. The plantТs action is 23) Janet is manager of a bank. She has all the qualifications to be promoted to bank manager. In fact, she is better qualified than any of the men being considered for the position. However, the owner of the bank believes that bank customers will not accept a woman as bank manager, so the owner promotes one of the males. The ownerТs actions would best be described as what? 24) Which one of the following statutes allows a prevailing party to recover attorneyТs fees in an action against the government for an action of an agency? 25) Which of the following would prevent someone from acquiring land by adverse possession? 26) Which of the following would be classified as tangible personal property, as opposed to other property categories, such as fixtures or intangible property? 27) As the CEO of a high tech company, you become aware that your chief competitor is working on a new computer program that will revolutionize your industry. You know that if you can find out several key functions about the new product, your own programmers will be able to duplicate the function of the program without actually copying its code. Which of the following actions can you ethically take? 28) From a practical perspective, what are some of the elements of Sarbanes-Oxley? 29) Under Title IX of the Sarbanes-Oxley Act, the penalty for someone who certifies Уany statements as set forth in subsections (a) and (b) of this section knowing that the periodic report accompanying the statement does not comport . . .is 30) Which is prohibited under the Sarbanes-Oxley Act?

Front 3

Follow the link to get tutorial - http://entire-courses.com/LAW-531-Final-Exam-A.

Back 3

If you are having difficulty in college, begin a study group. A study group will offer many choices, including one on one time and group time. If you do not want to begin your own study group, there are many study groups available on most colleges. To find one, ask your classmates and professors.