Question 1

Under contract law,"duress" means the presence of coercion through force or threat of force.

Accepted Answer

A) True 
 B)False

Question 2

Unlike a patent,trademarks are not protected from infringement.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following holds a company liable for negligence in the production,design,sale,or use of products the firm markets?

Accepted Answer

A)  breach of contract
B)  price discrimination
C)  promotional responsibility
D)  product liabilityE) All of the above
F) B) and D)

Question 4

The Justice Department's antitrust division serves as a watchdog for violations of the Uniform Commercial Code.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

In order for a contract to be legal,mutual acceptance is achieved when one party is under duress.

Accepted Answer

A) True 
 B)False

Question 7

Tort law includes product liability cases.

Accepted Answer

A) True 
 B)False

Question 8

You and your neighbor have agreed to a contract where he will cut your grass every other week for which you pay $30.However,for no apparent reason,he has not cut your grass for a month.Your neighbor has committed a(n) :

Accepted Answer

A)  obligation violation.
B)  breach of contract.
C)  termination by association.
D)  nonperformance endorsement.E) A) and D)
F) B) and C)

Question 9

Lower courts must abide by the precedents set by higher courts.

Accepted Answer

A) True 
 B)False

Question 10

A copyright protects an individual's ownership rights to materials such as books,articles,photos,and cartoons,which they created.

Accepted Answer

A) True 
 B)False

Question 11

Alcohol Labeling Legislation of 1988 provides for warning labels on liquor saying that minors should not drink.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following refers to a tax designed to reduce the consumption of a specific good?

Accepted Answer

A)  a control tax
B)  a sin tax
C)  a flat tax
D)  a tax creditE) A) and B)
F) B) and D)

Question 13

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) B) and D)
F) B) and C)

Question 14

The remedy for a tort is:

Accepted Answer

A)  imprisonment.
B)  a breach of contract.
C)  bankruptcy.
D)  monetary compensation.E) C) and D)
F) None of the above

Question 15

Which of the following would cause a contract to be void?

Accepted Answer

A)  consideration
B)  mutual acceptance
C)  competent parties
D)  duressE) A) and C)
F) B) and C)

Question 16

The use of tying contracts was prohibited by the Clayton Act of 1914 because these contracts:

Accepted Answer

A)  required retailers to use false and misleading advertising.
B)  required retailers to purchase unwanted items in order to purchase desired items.
C)  forced households to buy wanted products in order to buy a desired product.
D)  forced competitors into price discrimination agreements.E) None of the above
F) A) and B)

Question 17

Carlos has had a very successful year.His small-business corporation earned over $500,000.His company will have to pay part of its income to the federal government for income taxes.

Accepted Answer

A) True 
 B)False

Question 18

Negligence,in tort law,deals with behavior that causes intentional harm or injury.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

The Pillsbury Doughboy is an example of a:

Accepted Answer

A)  patent.
B)  copyright.
C)  trademark.
D)  contract.E) B) and C)
F) B) and D)

Exam 24: Appendix: Working Within the Legal Environment

The remedy for a tort is:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following refers to a tax designed to reduce the consumption of a specific good?

Correct AnswerverifiedShow Answer

In order for a contract to be legal,mutual acceptance is achieved when one party is under duress.

Correct AnswerverifiedShow Answer

A copyright protects an individual's ownership rights to materials such as books,articles,photos,and cartoons,which they created.

Correct AnswerverifiedShow Answer

The use of tying contracts was prohibited by the Clayton Act of 1914 because these contracts:

Correct AnswerverifiedShow Answer

Negligence,in tort law,deals with behavior that causes intentional harm or injury.

Correct AnswerverifiedShow Answer

Which of the following would cause a contract to be void?

Correct AnswerverifiedShow Answer

Which of the following is true of a copyright?

Correct AnswerverifiedShow Answer

Unlike a patent,trademarks are not protected from infringement.

Correct AnswerverifiedShow Answer

Tort law includes product liability cases.

Correct AnswerverifiedShow Answer

Which of the following holds a company liable for negligence in the production,design,sale,or use of products the firm markets?

Correct AnswerverifiedShow Answer

Alcohol Labeling Legislation of 1988 provides for warning labels on liquor saying that minors should not drink.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Carlos has had a very successful year.His small-business corporation earned over $500,000.His company will have to pay part of its income to the federal government for income taxes.

Correct AnswerverifiedShow Answer

The Justice Department's antitrust division serves as a watchdog for violations of the Uniform Commercial Code.

Correct AnswerverifiedShow Answer

Lower courts must abide by the precedents set by higher courts.

Correct AnswerverifiedShow Answer

The Pillsbury Doughboy is an example of a:

Correct AnswerverifiedShow Answer

You and your neighbor have agreed to a contract where he will cut your grass every other week for which you pay $30.However,for no apparent reason,he has not cut your grass for a month.Your neighbor has committed a(n) :

Correct AnswerverifiedShow Answer

Under contract law,"duress" means the presence of coercion through force or threat of force.

Correct AnswerverifiedShow Answer

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