Final exam law/531

Final exam law/531

1 What is “riba” in the context of Islamic law? It is a
compilation of decisions of the prophet. It refers to the making of
unearned profits. It is the doctrine of proper behavior. It refers
to independent reasoning. 2 The state of Oriel, Selenasia, enacts a
law that imposes a 40 percent tax on automobiles that are made
outside of Selenasia and sold in the state. However, Oriel does not
impose this tax on Selenasian-made automobiles that are sold in
Oriel. This scenario resembles a violation of which clause of the
U.S. Constitution? The Multilateral Treaty Clause The Bilateral
Treaty Clause The Foreign Commerce Clause The Treaty Clause 3 What
is true about the applicability of strict liability? It cannot be
applied to products that are defectively manufactured. It can be
applied to sellers who fail to warn of generally known dangers. It
can be applied to products that are defectively packaged. It cannot
be applied to products that were not supported by sufficient
instructions. 4 Which statement best describes an injunction as an
equitable remedy? It requires a breaching party to pay damages to
the injured party for both actual and foreseeable losses. It orders
a breaching party to perform the acts promised in a contract. It
prohibits a party from performing a particular act that may cause
injury to another party. It allows a court to change the terms of a
contract to make them true to the parties’ intentions. 5. What is
true about consideration in the context of contracts? It also
encompasses performances and services. It is exclusively in the
form of tangible payments such as money or property. It is
typically included in gift promises. It is an optional component of
a written contract that parties can choose to omit. 6. What does a
current plaintiff need to prove to succeed in a malicious
prosecution lawsuit? The original plaintiff did not initiate the
original lawsuit. The original lawsuit had probable cause. The
original lawsuit was initiated without malice. The current
plaintiff suffered injury because of the original lawsuit. 7.
Quenchers Inc., a heath drink manufacturer, launches a new product
called Sprint. The packaging of this drink also includes a
statement that says “Fifty times healthier than Green.” Green is a
product of Booster Inc., another health drink manufacturer.
Quenchers has no research data to back this claim. What type of
unfair business practice is illustrated in the scenario? Deceptive
advertising Copyright infringement Bait and switch Restraint of
trade 8. What statement is true about the powers of the Food and
Drug Administration (FDA) in the context of drug regulation? The
FDA can only regulate the manufacture of prescription drugs. The
FDA’s powers are restricted to the regulation of the sale of drugs.
The FDA is not authorized to revoke licenses of drugs that are in
use. The FDA has the authority to license new drugs. 9. Identify an
accurate statement about the Treaty Clause in the context of the
United States and foreign affairs. It states that a treaty can be
formed when one-third of Senate members agree to it. It states that
state governments can pass laws that contradict treaties signed by
the federal government. It states that the U.S. president is the
agent of the United States in dealing with foreign nations. It
states that local state governments can also enter into treaties
with foreign nations. 10. What is true of the Economic Espionage
Act? It criminalizes the theft of trade secrets through the use of
the Internet. It criminalizes the discovery of trade secrets
through reverse engineering. It provides federal protection
exclusively to trademarks and service marks. It relieves business
owners of the obligation to protect their intellectual property.
11. Which statement is true about the different types of agency
relationships? An employer-employee relationship involves complete
transfer of authority to the employee. A principal-agent
relationship involves hiring an employee to enter into contracts on
behalf of the principal. A principal-agent relationship involves
assigning an employee a specific physical task to perform. An
employer-employee relationship involves hiring an employee to act
as an agent of the employer. 12. Tanya and Amit, married for five
years, have filed for divorce. They are being assisted by Rebecca
in reaching a settlement. Rebecca is a retired judge, who meets
with them together, and individually, to discuss the strengths and
weaknesses of each of their cases. Which alternative dispute
resolution method does this scenario best exemplify? Mini-trial
Judicial referee Mediation Arbitration 13. What is true about
Jewish law? It is based on the teachings in the Vedas. It is not
followed anymore in Jewish home countries. It includes rules for
religious and political aspects of life. It excludes doctrines
related to marriage and inheritance. 14. How does the Marine
Protection, Research, and Sanctuaries Act, enacted in 1972, extend
environmental protection to the oceans? By requiring the
Environmental Protection Agency (EPA) to create a list of toxic air
pollutants By removing marine sanctuaries in ocean waters By
requiring industries to obtain a permit for dumping wastes into
ocean waters By requiring industries to incur the clean up costs
for contaminations caused by them 15. Which statement about
personal property is true? It exclusively refers to tangible
property. It can be owned only by one person. It refers to property
that is movable. It exclusively encompasses real estate property.
16. What is the primary function of the International Monetary Fund
(IMF)? To create free trade zones for member countries and thereby
bring them together To provide long-term loans to developing
countries To ensure smooth and free trade flow among member
countries by settling disputes To promote international fiscal
stability by providing temporary monetary assistance to member
countries 17. What is a disadvantage of a sole proprietorship? The
owner has to take up legal responsibility for any torts committed
in the business. The process of forming a sole proprietorship
involves many costs. The sole proprietorship is difficult to
dissolve as many shareholders are involved. The owner is required
to present several legal documents to obtain federal approval to
start the business. 18. What must a complainant prove in a case of
disparate-treatment discrimination? The employer cited behavioral
reasons for rejecting the complainant. The employer rejected the
complainant despite the latter having the required qualifications.
The employer sought applications from people with qualifications
better than the complainant’s. The employer rejected others with
the same qualifications. 19. Identify the true statement about the
rights and duties of partners in a general partnership. A partner
in a general partnership has the right to have the transactions of
another partner reviewed by a court. A partner in a general
partnership has the right to compete with the partnership by
opening another business by himself or herself. A partner in a
general partnership has the right to sue the partnership or another
partner at law. A partner in a general partnership has the right to
use the facilities of the business for personal use. 20. Which
statement about strict is true? It does not protect bystanders and
other individuals who were affected by defective products. It does
not require a contract to be present between the plaintiff and the
defendant. It places liability only on manufacturers and not
sellers. It holds the defendant liable only to the purchaser of a
defective product. 21. What is the scope of coverage of Title VII
of the Civil Rights Act of 1964? It applies to state and local
governments. It applies to labor unions with five or more members.
It applies to employers with five or more employees. It applies to
Native American tribes. 22. Identify an accurate statement about
Hindu Law. It is based on the teachings of the Torah. It currently
encompasses doctrines related to marriage. It includes teachings of
rabbis. It is currently a combination of classical Hindu law and
common law. 23. Felicia Carter, a famous singer, finds her poster
on a billboard of a music academy. Felicia sues the academy because
it did not inform her or seek permission to use her poster. What
kind of intentional tort does this scenario best exemplify?
Disparagement Appropriation Invasion of the right to privacy
Defamation of character 24. Identify a difference between the
International Monetary Fund (IMF) and the World Bank. The IMF is
funded by contributions of developed countries; the World Bank is
funded by developing countries. The IMF has its headquarters in
Washington, DC; the World Bank in The Hague, the Netherlands. The
IMF has more than 180 member countries; the World Bank has 60
member countries. The IMF grants short-term loans to member
countries; the World Bank grants long-term loans to developing
countries. 25. Identify an accurate statement about the World Trade
Organization (WTO). It has 180 member nations. It has its
headquarters in Washington, DC. It has a seven-member appellate
body that hears appeals. It has a five-member panel that hears
trade disputes. 26. Tanvi was the breaching party in a breach of
contract lawsuit. The court ordered Tanvi to pay a certain amount
of damages to the plaintiff. However, Tanvi refused to pay these
damages. The court has now issued a writ that orders the county
sheriff to seize and auction the property owned by Tanvi to pay the
damages owed to the plaintiff. In this scenario, what kind of writ
has been issued in the context of remedies for a breach of
contract? Writ of attachment Writ of quo-warranto Writ of
garnishment Writ of payment 27. The country of Tahomia entered into
an agreement with the federal government of Batang to reduce trade
barriers between the two countries. However, one state in Tahomia
has certain laws that prohibit the sale of Batang-made products.
According to the constitution of Tahomia, such rules made by the
state will automatically become invalid. This scenario closely
resembles which clause of the U.S. Constitution? The Convention
Clause The Treaty Clause The Bilateral Treaty Clause The Foreign
Clause 28. Tamara is a content developer at Moon Loop Inc., a
content management company. Her job profile involves describing
diagrams and flowcharts. She is not allowed to make decisions or
sign agreements on behalf of the company. In this scenario, what
agency relationship most likely exists between Tamara and Moon Loop
Inc.? Principal-employer relationship Principal-agent relationship
Employee-agent relationship Employer-employee relationship 29. What
is true of the International Monetary Fund (IMF) as a United
Nations agency? It has its headquarters in The Hague, the
Netherlands. It does not provide loans to member countries. It is
funded by contributions of member countries. It was established
before the Great Depression of the 1930s. 30. Identify an accurate
statement about shareholders. They elect the board of directors of
a corporation. They handle the daily operations of a corporation.
They have several management duties. They are agents of a
corporation.

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