Law 532 ch 16, 18, 19, 23, 25 EXAM SET
QUESTIONS WITH CORRECT SOLVED
ANSWERS.
______ conduct occurs when more than one business engages in a certain transaction or behavior that
might violate antitrust law. - CORRECT ANSWER✅✅✅multifirm
______ international law addresses the regulation of individuals and business entities. - CORRECT
ANSWER✅✅✅Private
______ is any facility whose processes create hazardous waste. - CORRECT ANSWER✅✅✅generator
______ laws are designed to protect natural resources and to promote a healthier environment. -
CORRECT ANSWER✅✅✅Environmental
______ represent an investor's ownership interests in a venture, where financial return is based
primarily on the performance of the venture. - CORRECT ANSWER✅✅✅Equity instruments
__________ law follows the basic principle of international law that individual conduct is permitted
unless expressly forbidden. - CORRECT ANSWER✅✅✅Customary
A business entity that has the power to fix prices or to exclude competitors in a given market is said to
have what type of power? - CORRECT ANSWER✅✅✅Monopoly
A choice of blank clause in an international contract predetermines which nation's laws will be used in a
potential dispute. - CORRECT ANSWER✅✅✅law
A condition for a defense to Superfund liability under the Small Business Liability Relief Act is that the
owner: ______. - CORRECT ANSWER✅✅✅has taken steps to limit the impact of contamination
,A corporate blank may not trade in the company's stock based on certain information not available to
the general investor public. - CORRECT ANSWER✅✅✅insider
A finder of lost property typically obtains title by possession, except as it relates to the: ______. -
CORRECT ANSWER✅✅✅actual owner.
A foreign blank under the FCPA is any officer or employee of a foreign government or any department,
agency or instrumentality thereof. - CORRECT ANSWER✅✅✅official
A good faith purchaser will only acquire valid title to personal property when the seller has: ______. -
CORRECT ANSWER✅✅✅valid title
A key component 10b5 of the Insider Trading and Securities Fraud Enforcement Act is the investor must
__________. - CORRECT ANSWER✅✅✅possess significant nonpublic information material to the
stock
A letter of blank is provided by the issuer and indicates that management and the board approves
issuing shares of stock. - CORRECT ANSWER✅✅✅intent
A manufacturer colluding with a retailer on the price of a product is an example of a ______ restraint of
trade. - CORRECT ANSWER✅✅✅vertical
A mixed legal system is also referred to as a(n) blank or composite legal system. - CORRECT
ANSWER✅✅✅hybrid
A primary purpose of antitrust law is to - CORRECT ANSWER✅✅✅prevent, punish, and deter certain
unfair business practices.
A regulatory blank harbor exemption involves offerings with specified dollar limitations and/or
limitations on the number of nonaccredited investors. - CORRECT ANSWER✅✅✅safe
,A titleholder of personal property typically has blank use of the personal property. - CORRECT
ANSWER✅✅✅exclusive
A vertical restraint of trade that does not involve price-fixing is known as a(n) blank restraint. - CORRECT
ANSWER✅✅✅nonprice
A(n) ______ that affects a landowner's use and enjoyment of her land is a nuisance. - CORRECT
ANSWER✅✅✅unreasonable condition
A(n) __________ occurs when a seller has a substantial share of the market for the tying product and
attempts to leverage the power of the tying product to gain market share for another of the seller's
products. - CORRECT ANSWER✅✅✅tying arrangement
A(n) blank blank purchaser is one who purchases personal property without knowledge that the
property was stolen. - CORRECT ANSWER✅✅✅good faith
A(n) blank is the interference with the use and enjoyment of one's property. - CORRECT
ANSWER✅✅✅nuisance
A(n) blank note is a promise to pay back a certain sum plus interest over a period of time. - CORRECT
ANSWER✅✅✅promissory
A(n) Blank______ seeks a return on his investment based on the value of the security, whereas a(n)
Blank______ sell securities to those looking to invest. - CORRECT ANSWER✅✅✅investor, issuer
Abandoned Property - CORRECT ANSWER✅✅✅has been left by its owner who intentionally
relinquishes all rights to its control. A finder of abandoned property may claim it (and acquire better
ownership rights to it than the original owner) but must take steps to show their claim.
According to the National Environmental Policy Act (NEPA), actions that have little or no potential for
significant environmental impact are classified into the _____ category. - CORRECT
ANSWER✅✅✅categorical exclusion
, Accounting firms that audit blank companies accessing capital markets are subject to oversight by the
Public Company Accounting Oversight Board. - CORRECT ANSWER✅✅✅public
Adverse possession allows for the possessor of goods to be protected from any suit to recover the
property, except against: ______. - CORRECT ANSWER✅✅✅the true owner.
Airspace rights are a form of ______ rights. - CORRECT ANSWER✅✅✅real property
Airspace rights do not include: ______. - CORRECT ANSWER✅✅✅preventing airplanes from flying
over one's property.
All of the following are real property ownership interests except: ______.
leasehold
fee simple
life estate
riparian - CORRECT ANSWER✅✅✅riparian
Although concerted action or agreement between a manufacturer and a retailer to fix the price at the
retail level is not considered a ______ violation of the Sherman Act, courts apply a ______ analysis to
determine whether any antitrust laws were violated. - CORRECT ANSWER✅✅✅per se; rule of
reason
Although concerted action or agreement between a manufacturer and a retailer to fix the price at the
retail level is not considered a ______ violation of the Sherman Act, courts apply a ______ analysis to
determine whether any antitrust laws were violated. - CORRECT ANSWER✅✅✅per se; rule of
reason
An agreement among competitors to divide markets by territory or by customers is known as market -
CORRECT ANSWER✅✅✅allocation
An alternative method of raising capital that arose during the global recession is: - CORRECT
ANSWER✅✅✅peer-to-peer lending
QUESTIONS WITH CORRECT SOLVED
ANSWERS.
______ conduct occurs when more than one business engages in a certain transaction or behavior that
might violate antitrust law. - CORRECT ANSWER✅✅✅multifirm
______ international law addresses the regulation of individuals and business entities. - CORRECT
ANSWER✅✅✅Private
______ is any facility whose processes create hazardous waste. - CORRECT ANSWER✅✅✅generator
______ laws are designed to protect natural resources and to promote a healthier environment. -
CORRECT ANSWER✅✅✅Environmental
______ represent an investor's ownership interests in a venture, where financial return is based
primarily on the performance of the venture. - CORRECT ANSWER✅✅✅Equity instruments
__________ law follows the basic principle of international law that individual conduct is permitted
unless expressly forbidden. - CORRECT ANSWER✅✅✅Customary
A business entity that has the power to fix prices or to exclude competitors in a given market is said to
have what type of power? - CORRECT ANSWER✅✅✅Monopoly
A choice of blank clause in an international contract predetermines which nation's laws will be used in a
potential dispute. - CORRECT ANSWER✅✅✅law
A condition for a defense to Superfund liability under the Small Business Liability Relief Act is that the
owner: ______. - CORRECT ANSWER✅✅✅has taken steps to limit the impact of contamination
,A corporate blank may not trade in the company's stock based on certain information not available to
the general investor public. - CORRECT ANSWER✅✅✅insider
A finder of lost property typically obtains title by possession, except as it relates to the: ______. -
CORRECT ANSWER✅✅✅actual owner.
A foreign blank under the FCPA is any officer or employee of a foreign government or any department,
agency or instrumentality thereof. - CORRECT ANSWER✅✅✅official
A good faith purchaser will only acquire valid title to personal property when the seller has: ______. -
CORRECT ANSWER✅✅✅valid title
A key component 10b5 of the Insider Trading and Securities Fraud Enforcement Act is the investor must
__________. - CORRECT ANSWER✅✅✅possess significant nonpublic information material to the
stock
A letter of blank is provided by the issuer and indicates that management and the board approves
issuing shares of stock. - CORRECT ANSWER✅✅✅intent
A manufacturer colluding with a retailer on the price of a product is an example of a ______ restraint of
trade. - CORRECT ANSWER✅✅✅vertical
A mixed legal system is also referred to as a(n) blank or composite legal system. - CORRECT
ANSWER✅✅✅hybrid
A primary purpose of antitrust law is to - CORRECT ANSWER✅✅✅prevent, punish, and deter certain
unfair business practices.
A regulatory blank harbor exemption involves offerings with specified dollar limitations and/or
limitations on the number of nonaccredited investors. - CORRECT ANSWER✅✅✅safe
,A titleholder of personal property typically has blank use of the personal property. - CORRECT
ANSWER✅✅✅exclusive
A vertical restraint of trade that does not involve price-fixing is known as a(n) blank restraint. - CORRECT
ANSWER✅✅✅nonprice
A(n) ______ that affects a landowner's use and enjoyment of her land is a nuisance. - CORRECT
ANSWER✅✅✅unreasonable condition
A(n) __________ occurs when a seller has a substantial share of the market for the tying product and
attempts to leverage the power of the tying product to gain market share for another of the seller's
products. - CORRECT ANSWER✅✅✅tying arrangement
A(n) blank blank purchaser is one who purchases personal property without knowledge that the
property was stolen. - CORRECT ANSWER✅✅✅good faith
A(n) blank is the interference with the use and enjoyment of one's property. - CORRECT
ANSWER✅✅✅nuisance
A(n) blank note is a promise to pay back a certain sum plus interest over a period of time. - CORRECT
ANSWER✅✅✅promissory
A(n) Blank______ seeks a return on his investment based on the value of the security, whereas a(n)
Blank______ sell securities to those looking to invest. - CORRECT ANSWER✅✅✅investor, issuer
Abandoned Property - CORRECT ANSWER✅✅✅has been left by its owner who intentionally
relinquishes all rights to its control. A finder of abandoned property may claim it (and acquire better
ownership rights to it than the original owner) but must take steps to show their claim.
According to the National Environmental Policy Act (NEPA), actions that have little or no potential for
significant environmental impact are classified into the _____ category. - CORRECT
ANSWER✅✅✅categorical exclusion
, Accounting firms that audit blank companies accessing capital markets are subject to oversight by the
Public Company Accounting Oversight Board. - CORRECT ANSWER✅✅✅public
Adverse possession allows for the possessor of goods to be protected from any suit to recover the
property, except against: ______. - CORRECT ANSWER✅✅✅the true owner.
Airspace rights are a form of ______ rights. - CORRECT ANSWER✅✅✅real property
Airspace rights do not include: ______. - CORRECT ANSWER✅✅✅preventing airplanes from flying
over one's property.
All of the following are real property ownership interests except: ______.
leasehold
fee simple
life estate
riparian - CORRECT ANSWER✅✅✅riparian
Although concerted action or agreement between a manufacturer and a retailer to fix the price at the
retail level is not considered a ______ violation of the Sherman Act, courts apply a ______ analysis to
determine whether any antitrust laws were violated. - CORRECT ANSWER✅✅✅per se; rule of
reason
Although concerted action or agreement between a manufacturer and a retailer to fix the price at the
retail level is not considered a ______ violation of the Sherman Act, courts apply a ______ analysis to
determine whether any antitrust laws were violated. - CORRECT ANSWER✅✅✅per se; rule of
reason
An agreement among competitors to divide markets by territory or by customers is known as market -
CORRECT ANSWER✅✅✅allocation
An alternative method of raising capital that arose during the global recession is: - CORRECT
ANSWER✅✅✅peer-to-peer lending
