Question 1

A nonlawyer may not be appointed to be someone's attorney-in-fact.

Accepted Answer

A) True 
 B)False

Question 2

The following type of debt is discharged in Chapter 13,but not in Chapter 7:

Accepted Answer

A)  Alimony.
B)  Debts incurred through fraud.
C)  Child Support.
D)  None of the above.E) C) and D)
F) B) and C)

Question 3

The Truth-In-Lending Act applies to:

Accepted Answer

A)  Commercial credit.
B)  Consumer credit.
C)  Both of the above.
D)  None of the above.E) A) and B)
F) A) and C)

Question 4

The party who agrees to act on behalf of another is called the principal.

Accepted Answer

A) True 
 B)False

Question 5

An annulment is the legal equivalent of saying,"you and your spouse were never married."

Accepted Answer

A) True 
 B)False

Question 6

The partners in a limited liability partnership are liable for the debts of the LLP:

Accepted Answer

A)  Beyond their investment.
B)  Not beyond their investment.
C)  Both of the above.
D)  None of the above.E) B) and D)
F) B) and C)

Question 7

All of the following are exceptions to the rule that a principal is not liable for the independent contractor's torts except:

Accepted Answer

A)  Nondelegable duties.
B)  Special risks.
C)  Negligence per se.
D)  Negligence in the selection of an independent contractor.E) A) and B)
F) All of the above

Question 8

Explain the process of foreclosure.

Accepted Answer

A person who owns a piece of real proper...

Question 9

Lineal descendants share equally when without degree of relationship when the distribution is made per stirpes.

Accepted Answer

A) True 
 B)False

Question 10

The Fair-Use doctrine protects the use of the following:

Accepted Answer

A)  Using someone's movie as the basis for a television show.
B)  Using someone's television show as the basis for a parody.
C)  Using someone's photograph in a picture book without permission.
D)  Using someone's statue in an art show.E) B) and D)
F) All of the above

Question 11

Explain trademarks.

Accepted Answer

A trademark,granted by the U.S.Patent an...

Question 12

The most dominant form of business organization in America is the:

Accepted Answer

A)  Partnership.
B)  Proprietorship.
C)  Limited Partnership.
D)  Corporation.E) B) and C)
F) None of the above

Question 13

All of the following are required for an adoption to take place except:

Accepted Answer

A)  The biological parents and adoptive parents personally meet each other.
B)  All procedures of the state law for adoption are met.
C)  The biological parents' legal rights as parents are terminated by legal decree or death.
D)  A court formally approves the adoption.E) A) and B)
F) B) and C)

Question 14

The Consumer Product Safety Commission is empowered to:

Accepted Answer

A)  Conduct research on the safety of consumer products.
B)  Tell the public which toys they should buy.
C)  Warn the public that some clothing doesn't fit well.
D)  Compare the flavor quality of competing sodas.E) A) and B)
F) None of the above

Question 15

The "coming and going" rule says that principals are generally not liable for injuries caused by their agents and employees:

Accepted Answer

A)  On their way to the bathroom.
B)  On their way to a business meeting.
C)  On their way to a business lunch.
D)  On their way to work.E) B) and C)
F) A) and D)

Question 16

Explain how the Food and Drug Administration regulate drugs and cosmetics.

Accepted Answer

The first federal statute regulating the...

Question 17

The SEC has the power to prohibit the issuance of a security because the registration statement is insufficient.

Accepted Answer

A) True 
 B)False

Question 18

Explain the requirements for making a will.

Accepted Answer

A will is a declaration of how a person ...

Question 19

A greeting card can be copyrighted.

Accepted Answer

A) True 
 B)False

Question 20

Title VII prohibits employment discrimination in the following:

Accepted Answer

A)  Decisions regarding promotion or demotion.
B)  Compensation.
C)  None of the above.
D)  Both of the above.E) B) and D)
F) A) and D)

Exam 1: Midterm One

The SEC has the power to prohibit the issuance of a security because the registration statement is insufficient.

Correct AnswerverifiedShow Answer

The Consumer Product Safety Commission is empowered to:

Correct AnswerverifiedShow Answer

The most dominant form of business organization in America is the:

Correct AnswerverifiedShow Answer

The Truth-In-Lending Act applies to:

Correct AnswerverifiedShow Answer

Lineal descendants share equally when without degree of relationship when the distribution is made per stirpes.

Correct AnswerverifiedShow Answer

Explain the process of foreclosure.

Correct AnswerverifiedA person who owns a piece of real proper...View AnswerShow Answer

Explain the requirements for making a will.

Correct AnswerverifiedA will is a declaration of how a person ...View AnswerShow Answer

The following type of debt is discharged in Chapter 13,but not in Chapter 7:

Correct AnswerverifiedShow Answer

All of the following are exceptions to the rule that a principal is not liable for the independent contractor's torts except:

Correct AnswerverifiedShow Answer

Explain how the Food and Drug Administration regulate drugs and cosmetics.

Correct AnswerverifiedThe first federal statute regulating the...View AnswerShow Answer

The Fair-Use doctrine protects the use of the following:

Correct AnswerverifiedShow Answer

Explain trademarks.

Correct AnswerverifiedA trademark,granted by the U.S.Patent an...View AnswerShow Answer

The partners in a limited liability partnership are liable for the debts of the LLP:

Correct AnswerverifiedShow Answer

The party who agrees to act on behalf of another is called the principal.

Correct AnswerverifiedShow Answer

Title VII prohibits employment discrimination in the following:

Correct AnswerverifiedShow Answer

An annulment is the legal equivalent of saying,"you and your spouse were never married."

Correct AnswerverifiedShow Answer

The "coming and going" rule says that principals are generally not liable for injuries caused by their agents and employees:

Correct AnswerverifiedShow Answer

All of the following are required for an adoption to take place except:

Correct AnswerverifiedShow Answer

A greeting card can be copyrighted.

Correct AnswerverifiedShow Answer

A nonlawyer may not be appointed to be someone's attorney-in-fact.

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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A person who owns a piece of real proper...
View Answer

Correct Answer
verified
A will is a declaration of how a person ...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The first federal statute regulating the...
View Answer

Correct Answer
verified

Correct Answer
verified
A trademark,granted by the U.S.Patent an...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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