Question 1

The executive branch of the government is responsible for overseeing the legal system.

Accepted Answer

A) True 
 B)False

Question 2

Congress is responsible for passing legislation that is enforced by the judiciary.

Accepted Answer

A) True 
 B)False

Question 3

A check is an example of a negotiable instrument.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following established a government agency to enforce the laws regulating unfair competition?

Accepted Answer

A)  Clayton Act
B)  Sherman Act
C)  Federal Trade Commission Act
D)  Robinson-Patman ActE) B) and D)
F) None of the above

Question 5

Patent owners are prohibited from selling or licensing their patent rights to others.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is true of a copyright?

Accepted Answer

A)  It is a specific representation that buyers rely on regarding the goods they purchase.
B)  It protects a creator's rights to materials such as books,paintings,and cartoons.
C)  It is filed with the state legislature.
D)  It is good for 20 years.E) A) and B)
F) All of the above

Question 7

A patient injured through the negligence of a health care provider can be awarded compensation through the tort law system.

Accepted Answer

A) True 
 B)False

Question 8

A public utility commission sets rates that can be charged by various public utilities to prevent unfair pricing by regulated monopolies.These public utility commissions are examples of state administrative agencies.

Accepted Answer

A) True 
 B)False

Question 9

A patent protects an inventor's right to a product or process.

Accepted Answer

A) True 
 B)False

Question 10

The Nike Swoosh and the McDonald's Golden Arches are examples of corporate trademarks.

Accepted Answer

A) True 
 B)False

Question 11

The Maricopa County Planning Commission is an example of a local administrative agency.It oversees land-use proposals and other long-range issues in Maricopa County,Arizon
A.

Accepted Answer

A) True 
 B)False

Question 12

If I agree to sing at your wedding for free and then don't show up,you may sue me for breach of contract.

Accepted Answer

A) True 
 B)False

Question 13

The Nike Swoosh and the Golden Arches of McDonald's are examples of a:

Accepted Answer

A)  trademark.
B)  submarine patent.
C)  copyright.
D)  commercially protected symbol.E) A) and D)
F) None of the above

Question 14

Public utility commissions are federal agencies.

Accepted Answer

A) True 
 B)False

Question 15

The FTC has jurisdiction over false or misleading advertising.

Accepted Answer

A) True 
 B)False

Question 16

The intent of a patent is to:

Accepted Answer

A)  increase competition in the marketplace.
B)  reward innovation and hard work of inventors.
C)  slow the growth of monopolies.
D)  encourage copycat inventions.E) A) and B)
F) A) and C)

Question 17

Regulations covering sales,checks,bank deposits and bills of lading are contained in the Uniform Commercial Code.

Accepted Answer

A) True 
 B)False

Question 18

Under contract law,a 15-year-old may be a party to a contract.

Accepted Answer

A) True 
 B)False

Question 19

A contract is a legally enforceable agreement between two or more parties.

Accepted Answer

A) True 
 B)False

Question 20

The body of law created by court decisions rendered by judges is called __________ law.

Accepted Answer

A)  precedent
B)  statutory
C)  common
D)  tortE) A) and B)
F) A) and D)

Exam 21 :test Planning Table for Bonus Exam A

A public utility commission sets rates that can be charged by various public utilities to prevent unfair pricing by regulated monopolies.These public utility commissions are examples of state administrative agencies.

Correct AnswerverifiedShow Answer

Patent owners are prohibited from selling or licensing their patent rights to others.

Correct AnswerverifiedShow Answer

A patent protects an inventor's right to a product or process.

Correct AnswerverifiedShow Answer

The Nike Swoosh and the Golden Arches of McDonald's are examples of a:

Correct AnswerverifiedShow Answer

The FTC has jurisdiction over false or misleading advertising.

Correct AnswerverifiedShow Answer

The intent of a patent is to:

Correct AnswerverifiedShow Answer

The executive branch of the government is responsible for overseeing the legal system.

Correct AnswerverifiedShow Answer

A check is an example of a negotiable instrument.

Correct AnswerverifiedShow Answer

The body of law created by court decisions rendered by judges is called __________ law.

Correct AnswerverifiedShow Answer

A contract is a legally enforceable agreement between two or more parties.

Correct AnswerverifiedShow Answer

Which of the following is true of a copyright?

Correct AnswerverifiedShow Answer

Congress is responsible for passing legislation that is enforced by the judiciary.

Correct AnswerverifiedShow Answer

The Nike Swoosh and the McDonald's Golden Arches are examples of corporate trademarks.

Correct AnswerverifiedShow Answer

Regulations covering sales,checks,bank deposits and bills of lading are contained in the Uniform Commercial Code.

Correct AnswerverifiedShow Answer

Public utility commissions are federal agencies.

Correct AnswerverifiedShow Answer

A patient injured through the negligence of a health care provider can be awarded compensation through the tort law system.

Correct AnswerverifiedShow Answer

Which of the following established a government agency to enforce the laws regulating unfair competition?

Correct AnswerverifiedShow Answer

The Maricopa County Planning Commission is an example of a local administrative agency.It oversees land-use proposals and other long-range issues in Maricopa County,Arizon A.

Correct AnswerverifiedShow Answer

Under contract law,a 15-year-old may be a party to a contract.

Correct AnswerverifiedShow Answer

If I agree to sing at your wedding for free and then don't show up,you may sue me for breach of contract.

Correct AnswerverifiedShow Answer

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