FISCAL LAW EXAM SCRIPT VERSION 2 2026
QUESTIONS WITH SOLUTIONS GRADED A+
◉ Tippee. Answer: Person receiving insider information from an
insider.
◉ Civil Penalties. Answer: Monetary fines imposed for violations of
law.
◉ Trade Secrets. Answer: Confidential business information
providing competitive advantage.
◉ Trademark. Answer: Distinctive sign identifying goods or services
of a company.
◉ Copyrights. Answer: Legal rights protecting original works of
authorship.
◉ Patents. Answer: Exclusive rights granted for inventions and
processes.
◉ Monopoly. Answer: Market dominance allowing price control
without competition.
, ◉ Sherman Antitrust Law. Answer: Federal law prohibiting
monopolistic practices.
◉ Robinson-Patman Act. Answer: Prohibits price discrimination
harming competition.
◉ Legislative Branch. Answer: Congress responsible for making
federal laws.
◉ Judicial Review. Answer: Power to invalidate laws conflicting with
the Constitution.
◉ Checks and Balances. Answer: System ensuring no branch exceeds
its power.
◉ disclosure requirements. Answer: in securities law, the revealing
of financial and other information relevant to investors considering
buying securities; the requirement that sufficient information be
provided prospective investors so that they can make an informed
evaluation of a security.
◉ false registration statements. Answer: Section 11 imposes liability
on the issuer, all persons who signed the statement, every director
or partner, experts who prepared or certified any part of the
QUESTIONS WITH SOLUTIONS GRADED A+
◉ Tippee. Answer: Person receiving insider information from an
insider.
◉ Civil Penalties. Answer: Monetary fines imposed for violations of
law.
◉ Trade Secrets. Answer: Confidential business information
providing competitive advantage.
◉ Trademark. Answer: Distinctive sign identifying goods or services
of a company.
◉ Copyrights. Answer: Legal rights protecting original works of
authorship.
◉ Patents. Answer: Exclusive rights granted for inventions and
processes.
◉ Monopoly. Answer: Market dominance allowing price control
without competition.
, ◉ Sherman Antitrust Law. Answer: Federal law prohibiting
monopolistic practices.
◉ Robinson-Patman Act. Answer: Prohibits price discrimination
harming competition.
◉ Legislative Branch. Answer: Congress responsible for making
federal laws.
◉ Judicial Review. Answer: Power to invalidate laws conflicting with
the Constitution.
◉ Checks and Balances. Answer: System ensuring no branch exceeds
its power.
◉ disclosure requirements. Answer: in securities law, the revealing
of financial and other information relevant to investors considering
buying securities; the requirement that sufficient information be
provided prospective investors so that they can make an informed
evaluation of a security.
◉ false registration statements. Answer: Section 11 imposes liability
on the issuer, all persons who signed the statement, every director
or partner, experts who prepared or certified any part of the
