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| Question 1 of 205.0 PointsIn pre-trial discovery, if a business does not produce incriminating e-mails the court can instruct the jury that it can make negative inferences from the lost documents.A. True B. False Reset Selection |
| Question 2 of 205.0 PointsIn litigation, indirect non-legal costs are roughly the same amount as direct legal costs.A. True B. False Reset Selection |
| Question 3 of 205.0 PointsAll of the following are ways to lower business risk except:A. stick to company business B. always be respectful, courteous and constructive C. keep matters confidential D. take shortcuts to increase profits Reset Selection |
| Question 4 of 205.0 PointsIssuing a public apology for corporate wrongdoing will always result in increased litigation.A. True B. False Reset Selection |
| Question 5 of 205.0 PointsWhen answering a complaint the defendant can do all of the following except:A. deny the allegations set forth in the complaint B. list defenses C. admit to the allegations set forth in the complaint D. defer answering for 180 days Reset Selection |
| Question 6 of 205.0 PointsAll of the following are methods of alternative dispute resolution except for:A. mediation B. litigation C. arbitration D. settlement Reset Selection |
| Question 7 of 205.0 PointsThe monetary damage award set out by the court is the amount the prevailing party is guaranteed to receive from the losing party.A. True B. False Reset Selection |
| Question 8 of 205.0 PointsExamples of antitrust activities include all of the following except for:A. price fixing B. allocation of markets C. standardization among trade association members D. concerted refusal to deal Reset Selection |
| Question 9 of 205.0 PointsThe grant of a patent is a limited “monopoly” and can run counter to the antitrust principle encouraging free and open markets.A. True B. False Reset Selection |
| Question 10 of 205.0 PointsAll of the following are a type of contract except:A. Express B. Implied C. Enduring D. Unilateral Reset Selection |
| Question 11 of 205.0 PointsWhich of the following is not a form of business organization?A. Limited Liability Corporation B. Partnership C. Sole Proprietorship D. Corporation Reset Selection |
| Question 12 of 205.0 PointsIdentify the correct statement about liability in business organizationsA. A partner is not responsible for the debts of the partnership. B. A sole proprietor is personally liable for all debts of the business. C. A shareholder is responsible for the debts of the corporation. D. A member is personally liable for the debts of the LLC. Reset Selection |
| Question 13 of 205.0 PointsThe revenue from a Chapter C corporations is taxed twice.A. True B. False Reset Selection |
| Question 14 of 205.0 PointsThe test for mental capacity to enter into a contract is whether the person has reached the age of majorityA. True B. False Reset Selection |
| Question 15 of 205.0 PointsA partnership must prepare an income tax return but the partnership pays no income taxes itself.A. True B. False Reset Selection |
| Question 16 of 2010.0 PointsUsing only the course materials, describe three differences between a limited liability company and a corporation. Cite your sources.(Maximum number of characters: 60000)Show/Hide Rich-Text Editor |
| Question 17 of 2010.0 PointsUsing only the course materials, list and provide examples for five defenses to a breach of contract claim. Cite your sources.(Maximum number of characters: 60000)Show/Hide Rich-Text Editor |
| Question 18 of 2010.0 PointsList three types of contracts that must be in writing in order to be enforceable. What doctrine applies here? Use only the course materials and cite your sources.(Maximum number of characters: 60000)Show/Hide Rich-Text Editor |
| Question 19 of 2010.0 PointsJim wants to sell his car to Marsha. Describe what elements would need to be present in order to have a valid contract. Would this contract fall under the UCC? Why or why not? Use only the course materials and cite your sources.(Maximum number of characters: 60000)Show/Hide Rich-Text Editor |
| Question 20 of 2010.0 PointsList at least three factors that weigh in favor of patents. List three factors that weigh in favor of trade secrets. Use only the course materials and cite your sources.(Maximum number of characters: 60000)Show/Hide Rich-Text Editor |
