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BUL 3130 Midterm exam with complete solutions 2024.
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BUL 3130 Midterm exam with complete solutions 2024.
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BUL 3130 Midterm exam with completesolutions 2024
Antitrust jLaw j- jANSWER✓✓-If ja jcompany jacquires jtoo jmuch jmarket jshare jin ja
jparticular jindustry, jwhat jarea jof jlaw jwould jbe jexpected jto jhave jan jimpact jon
jthat jcompany?
Securities jLaw j- jANSWER✓✓-A jcompany's jsale jof jstock jshares jis jmainly
jgoverned jby jwhich jtype jof jlaw?
regulatory j- jANSWER✓✓-Another jterm jfor j"administrative jlaw" jis
j__________________ jlaw.
false j- jANSWER✓✓-The jexecutive jbranch jof jthe jUS jgovernment jis jresponsible
jfor jmaking jlaws. jTrue jor jFalse?
all jof jthe jabove j- jANSWER✓✓-The jdoctrine jof jstare jdecisis: j?
-is jbased jon jcommon jlaw jtradition
-works jwith jcase jlaw jdecided jby jjudges
-creates jconsistency jthrough jthe juse jof jprecedents
-all jof jthe jabove
True j- jANSWER✓✓-Valid jfederal jlaws jtake jprecedence jover jany jconflicting
jstate jor jlocal jlaws. jTrue jor jFalse?
True j- jANSWER✓✓-The jEnglish jcommon jlaw jsystem jrelied jheavily jon
jprecedent. jTrue jor jFalse?
False j- jANSWER✓✓-There jare jtwo jmajor jcourt jsystems jin jthe jUnited jStates jthe
jfederal jcourt jand jthe jbankruptcy jcourts. jTrue jor jFalse?
False j- jANSWER✓✓-A jstatute jof jlimitations j(requiring ja jcase jto jbe jbrought
jwithin ja jcertain jperiod jof jtime) jis jan jexample jof ja jsubstantive jlaw. jTrue jor
jFalse?
,False j- jANSWER✓✓-US jSupreme jCourt jjustices jare jappointed jby jthe jpresident
jand jthen jaffirmed jevery j4 jyears jby ja jvote jof jthe jgeneral jpopulation. jTrue jor
jFalse?
all jof jthe jabove j- jANSWER✓✓-Courts jof jlimited jjurisdiction jinclude?
-US jTax jCourt
-US jBankruptcy jCourt
-Court jof jInternational jTrade
-All jof jthe jabove
compensate ja jparty j- jANSWER✓✓-Civil jlaws jare jdesigned jto
j___________________ jfor ja jloss.
False j- jANSWER✓✓-Party jA jcannot jbring ja jlawsuit jagainst jParty jB junless
jParty jB jhas jviolated ja jstatute. jTrue jor jFalse?
equity j- jANSWER✓✓-Specific jperformance jis jan jexample jof ja jremedy jat
j____________.
-Equity
-Statute
-Admission
-All jof jthe jabove
-parties jto ja jlawsuit
State jStatutes j- jANSWER✓✓-Which jof jthe jfollowing jsources jof jlaw jis jcreated
jby ja jlegislative jbody?
-Constitutional jLaw
-State jStatutes
-Case jLaw
-Common jLaw
-All jof jthe jabove
prevention j- jANSWER✓✓-A jsnack jfood jcompany jplaces ja jwarning jlabel jthat jits
jsnacks jmay jcontains jnuts jand jother jallergens. jThis jis jan jexample jof jwhich
jliability-reduction jstrategy?
false j- jANSWER✓✓-OSHA j- jthe jOccupational jHealth jand jSafety jAdministration
jis jan jexample jof ja jstate jadministrative jagency. jTrue jor jFalse?
false j- jANSWER✓✓-Businesses jthat jare jorganized jin jthe jUnited jStates jare
jsubject jto jits jlaws, jbut jnot jto jthe jlaws jof jother jcountries jin jwhich jthey jdo
jbusiness. jTrue jor jFalse?
True j- jANSWER✓✓-State jcourts jof jone jstate jare jnot jrequired jto jfollow jthe
jlegal jprecedent jestablished jby jthe jcourts jof janother jstate. jTrue jor jFalse?
, executive j- jANSWER✓✓-The j________ jbranch jof jthe jfederal jgovernment jhas
jthe jpower jto jenforce jthe jlaw.
-judicial
-legislative
-executive
-commissary
false j- jANSWER✓✓-A jsole jproprietor jmust jgo jthrough jmany jlevels jof japproval
jbefore jselling jhis jor jher jbusiness. jTrue jor jFalse?
false j- jANSWER✓✓-In ja jsole jproprietorship, jthe jbusiness jis jconsidered ja
jseparate jlegal jentity jfrom jthe jproprietor. jTrue jor jFalse?
true
(doing jbusiness jas) j- jANSWER✓✓-The jdesignation jof jd.b.a. jrefers jto jthe
jdescription jfor ja jbusiness jthat jis joperating junder ja jtrade jname. jTrue jor jFalse?
false
(fully jand jpersonally jliable jfor jbusiness jdebts) j- jANSWER✓✓-A jsole jproprietor
jhas jlimited jpersonal jliability. jTrue jor jFalse?
true
(not ja jseparate jentity, jso jall jtaxes jare jreported jand jpaid jon jindividual jowner's
jreturn.) j- jANSWER✓✓-A jsole jproprietorship jdoes jnot jdoes jnot jpay jtaxes jat jthe
jbusiness jlevel. jTrue jor jFalse?
true
(Share jof jprofits jindicates jownership jas jpartners/a jpartnership) j- jANSWER✓✓-
Receipt jof ja jshare jof jbusiness jprofits jis jprima jfacie jevidence jof ja jgeneral
jpartnership. jTrue jor jFalse?
true
(Taxes jare jpassed jthrough jto jthe jindividual jpartners j(no jtax jis jpaid jon jthe
jentity jlevel). j- jANSWER✓✓-General jpartnerships jdo jnot jpay jfederal jincome
jtaxes. jTrue jor jFalse?
false
(All jpartners jare jliable jfor jdebts jof jthe jpartnership jupon jdissolution, jand
jincoming jpartners jare jliable jfor jdebts jafter jbecoming ja jpartner.) j-
jANSWER✓✓-The jdissolution jof ja jgeneral jpartnership jdischarges jthe jliability jof
jan joutgoing jpartner jfor jexisting jpartnership jdebts jand jobligations. jTrue jor
jFalse?
true
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