Legal Environment

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craigm427
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305216
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Legal Environment
Updated:
2015-07-21 10:19:19
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Legal Environment
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Legal Environment
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Legal Environment
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  1. Complete the following quote - "The law enables individuals to go about their business with confidence and a certain degree of _______."
    Predictability
  2. What is the basis for all laws in the US?
    The Constitution
  3. What is the primary role of the court system?
    Interpret Laws
  4. What school of legal thought believes that a higher or universal law exists?
    Natural Law School
  5. (True of False) Most of the work of the US Supreme Court is as an appeals court.
    True
  6. (True of False) The Congress of the United States is the final authority on the Constitution and federal law.
    False
  7. (True of False) Gestures, movements, and articles of clothing are forms of speech protected by the Bill of Rights.
    True
  8. What are the 3 criteria used to determine if a restriction on commercial speech is valid?
    • 1. Seeks 2 implement a substantial gvt. interest
    • 2. Directly advances the gov's interest
    • 3. must go no further than necessary
  9. (True or False) Anti-government speeches are not protected by free speech.
    False they are protected
  10. What is the definition of probable cause?
    Based on trustworthy evidence
  11. (True of False) The US Constitution explicitly provides for freedom of privacy.
    False
  12. Agency with several commissioners appointed to fixed terms.
    Independent Agency
  13. What is the exhaustion doctrine?
    All complaints go through the agency's appeal process before any suit can be filed in federal court.
  14. 3 valid reasons for an appeals court to overrule an agency's decision.
    • 1. Was arbitrary
    • 2. Was capricious
    • 3. Was an abuse of discretion
  15. What is one thing agencies cannot do?
    Create laws
  16. (True of False) For a contract to be valid it must be in writing.
    False
  17. (True of False) An expression of opinion is a legally binding offer.
    False
  18. (True of False) Placing advertisements in a local newspaper is considered serious intention for making an offer.
    False
  19. (True of False) If the offeree makes a counteroffer that is rejected, the offeror is still bound by the original offer.
    False
  20. (True of False)Ordinarily, silence cannot constitute acceptance, even if the offeror states, "By your silence and inaction, you will be deemed to have accepted this offer."
    True
  21. Under the "mailbox rule" the acceptance by the offeror is deemed to be received by the offeree when what occurs?
    The mail person picks the acceptance letter up from the outbox
  22. (True of False) The act of clicking on a box indicating "I accept" or "I agree" results in a binding acceptance of an offer.
    True
  23. (True of False) A promise to do something that one has no prior legal duty to do is NOT considered legally sufficient value for consideration. Money must be exchanged.
    False
  24. In some states, a contract with a minor can be valid if the minor is ______.
    Married
  25. If there is a mistake of Value in a contract will the court decide if the contract is still enforceable?
    Yes it is enforceable
  26. (True of False) When a contract enriches the dominant party in a fiduciary relationship, the court will often presume that the contract was made with fraudulent representations.
    False
  27. What would be available for damages resulting from substantial performance of a contract?
    Cost to comply
  28. (True of False) A contract that states the work to be performed only to the satisfaction of a reasonable person is conditional and performance must completely satisfy the party specified in the contract.
    False
  29. If the parties to a contract agree to accept performance that is different from the performance originally promised, this would be referred to as what?
    Discharge by accord and satisfaction
  30. When can impossibility of performance NOT be claimed?
    Bankruptcy
  31. Damages from a buyer breach of contract concerning the sale of goods would result in what?
    Reimbursement to the seller for lost profits
  32. What is primarily responsible for mitigation of damages?
    Injured party
  33. Under what circumstance will the court rule that specific performance is the best legal remedy?
    Subject matter of the contract was destroyed
  34. Under UCC rules, no contract is formed if what is not specified?
    Quantity of goods to be purchased/sold
  35. (True of False) The artisan's lien is possessory which means the lienholder must hold the property to be enforceable.
    True
  36. What is an example of a statutory lien?
    Mechanic's Lien
  37. (True of False) Any surplus resulting from the sale of property used to satisfy an artisan's lien must be paid to the owner.
    True
  38. (True of False) Garnishment of wages continues until the debt is fully paid.
    True
  39. (True of False) Garnishment involves a sheriff seizing and selling property in an auction for settlement of an artisan's lien.
    False
  40. What is the legal process by which the lender repossesses and auctions off the property that has secured a loan on real property?
    Foreclosure
  41. One of the goals of bankruptcy law is to punish the fiscally irresponsible.
    False
  42. A debtor must be insolvent in order to file for voluntary bankruptcy.
    False
  43. To bring a voluntary petition in bankruptcy, the debtor must receive credit counseling from an approved nonprofit agency within 180 days preceding the date of the filing.
    True
  44. The purpose of the means test is to prevent upper-income people from filing for either Chapter 7 bankruptcy or Chapter 13 bankruptcy.
    False
  45. At the conclusion of Chapter 7 bankruptcy all debts are discharged including domestic support.
    False
  46. A court can dismiss a debtor’s voluntary petition for Chapter 7 relief for failing to provide the necessary documents within the specified time.
    True
  47. What is the purpose of an automatic stay?
    creditors are prohibited from any efforts to recover debts or repossess property
  48. What would receive distribution of the proceeds at the completion of bankruptcy proceedings BEFORE the others?
    claims for domestic-support obligations
  49. The repayment plan must provide for the turning over to the trustee future earnings of the debtor as is necessary for distribution to the creditors.
    True
  50. What is the goal of compensatory damages?
    Make the plaintiff whole
  51. What is assault?
    the threat of harmful or offensive contacts that creates apprehension in another person
  52. What is battery?
    unexcused harmful or offensive contact
  53. Absolute defense against defamation charge?
    Truth
  54. An employers statements in a performance evaluation are an example of what?
    Qualified Privilege
  55. (True of False) Public disclosure of private facts is NOT a tort if the statements are verifiable
    False
  56. False and defamatory statements about politicians, entertainers, and professional athletes are NOT defamation unless which of the following is also involved?
    the publisher acted with actual malice
  57. (True or False) Puffery is a form of fraudulent misrepresentation.
    False
  58. (True of False) A person who enters onto another's property to commit an illegal act is NOT guilty of trespassing unless there are "posted" trespass signs.
    False
  59. (True or False) Actual damage to the land is a requirement before someone can be charged with trespassing.
    False
  60. Retailers have a duty to exercise reasonable care to protect business invitees which includes what?
    warnings of foreseeable risks
  61. (True of False) Physicians and medical personnel have a duty to provide medical care to anyone they see is injured.
    False
  62. (True of False) One of the defenses to negligence is the assumption of risk by the injured party. However, the assumption must be expressed either verbally or in writing and cannot be assumed by subsequent actions.
    False
  63. (True of False) Under contributory negligence, no matter how insignificant the plaintiff's negligence was relative to the defendant's negligence, the plaintiff would be precluded from recovering damages.
    True
  64. (True or False) A partnership cannot exist legally without a written partnership agreement.
    False
  65. What is partnership by estoppel?
    A court imposes partnership liability as a result of a third person relying on the representation that a non-partner was part of the partnership
  66. (True or False) Devoting time, skill, and energy to partnership business results in a legal liability to the partner fulfilling those roles.
    False
  67. (True or False) Property acquired by a partnership is owned by each partner individually based on the profit-sharing ratio.
    False
  68. (True or False) A corporation is a legal entity created and recognized by federal law.
    False - STATE LAW
  69. (True or False) In a corporation, the responsibility for the overall management of the firm is entrusted to the shareholders of the corporation.
    False
  70. Walmart selling products in Texas is an example of what type of corporation?
    Foreign
  71. The USPS is an example of what type of corporation?
    Public
  72. Which would cause the court to pierce the corporate veil?
    All the above ;-)
  73. Is declaring dividends when profits allow a duty of directors and officers of a corporation?
    No
  74. (True or False) Shareholders are granted legal title to corporate property, including cash
    False
  75. (True or False) Any price-fixing agreement constitutes a per se violation of section 1 of the Sherman Act.
    True
  76. (True or False) To determine whether or not a business agreement violates section 1 of the Sherman Act, courts will use the rule of reason to assess whether the agreement constitutes an unreasonable restraint of trade.
    True
  77. (True or False) If a few automobile dealerships decided to divide up the cities in which they operate in order to avoid competing with each other, this would be a per se violation of Section 1 of the Sherman Act.
    True
  78. (True or False) A firm may be a monopolist even though it is NOT the sole seller in a market.
    True
  79. (True or False) A small "mom and pop" grocery store cannot be a monopoly under Section 2 of the Sherman Act.
    False
  80. (True or False) Monopoly power, in itself, does NOT constitute the offense of monopolization under Section 2 of the Sherman Act.
    True
  81. (True or False) Normally, ALL employees who deal with third parties are deemed to be agents.
    True
  82. What is the most important factor when determining if someone is an employee or independent contractor?
    How much control the employer exercises over the details of the work
  83. (True or False) Under the Copyright act, any copyrighted work created by an employee within the scope of her or his employment belongs jointly to the employee and employer.
    False
  84. (True or False) A minor is NOT able to be an agent for a principal.
    False
  85. An agents duty to the principal requires performance expected of a reasonable person under similar situations unless what?
    Agent claims special skills
  86. (True or False) Receipt of tickets for the Razorback football game provided by a customer in appreciation of good service legally belongs to the employee providing the service.
    False - employer
  87. (True or False) The principal's duty to the agent regarding compensation requires that the principal pay the agent the current wage for similar work performed by others.
    False
  88. (True or False) The principal has a duty to inspect working areas and to warn agents about any unsafe situations.
    True
  89. (True or False) Whenever instructions are NOT clearly stated, the agent's duty is to NOT proceed forward without obtaining clarification of the instructions.
    False
  90. Who is responsible for the unauthorized actions of the agent that result in damages to a third party?
    Agent only
  91. If a third party knows that the agent is or may be acting for a principal at the time a contract is made then the principal is described as what?
    Partially disclosed principal
  92. (True or False) If an agent has no authority but nevertheless contracts with a third party, the principal is still liable on the contract if the principal was disclosed.
    False
  93. Who would be liable for an agent committing torts as instructed by the principal?
    Both the agent and the principal
  94. (True or False) The principal is always directly responsible for an agent's misrepresentation made within the scope of the agent's authority
    True
  95. Why do courts hold the principal liable for negligence in actions involving a third party?
    The principal is judged to be in a better financial position to make sure the innocent party recovers damages
  96. (True or False) A principal will be held liable for intentional torts committed by an agent that does not occur within the scope of employment it the agent is known to have a propensity for committing torts.
    True

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