business law 21


Carleton invents a retractable extension cord. She files for a patent and stamps the wordspatent pendingon each extension cord she plans to sell.
The wordspatent pendinglegally protect the extension cord against being reproduced or copied by another individual or a corporation.
The extension cord is not yet legally protected by a patent.
Any individual or corporation who makes uses or sells copies of the extension cord without authorization to do so will be guilty of patent infringement.
none of the above
1 points
QUESTION 15
Right to work laws are
state laws that prohibit labor-management agreements requiring union membership as a condition of getting or keeping a job.
federal laws that prohibit employees in the public sector from striking.
federal laws that prohibit labor-management agreements requiring union membership as a condition of getting or keeping a job.
state laws that prohibit employers from negotiating with employee representatives over grievance procedures and seniority systems.
1 points
QUESTION 16
The after acquired evidence defense is sometimes available for employers who have discovered evidence that
would have allowed them to discharge an employee even if the wrongful discharge claim was true.
would have allowed the employee to exercise the remedy of specific promulgation.
would have allowed the employee to call upon the collective bargaining grievance procedure guaranteed by Congress under provisions of the After Acquired Evidence Act of 1994.
would have allowed the employer to rehire the employee after a negotiated settlement.
1 points
QUESTION 17
If the members of a limited liability company choose to run the LLC on their own the members of the LLC are considered agents of the LLC. This means that whenever a member performs a function within that member’s apparent authority
the LLC will be bound by that action.
only the member designated in the articles of organization as the CEO will be bound by that action.
only that member will be bound by that action.
only the member with the greatest financial interest in the LLC will be bound by that action.
1 points
QUESTION 18
When a company agrees to stop violating the FTC Act without admitting wrong the court issues a
consent order.
dunning letter.
stipulation.
default decree.
QUESTION 22
Husband dies intestate and is survived by Wife two children of a prior marriage and two children of the marriage to Wife. Under the Texas Probate Code Husband’s one-half interest in the community property owned by Husband and Wife passes to:
The two children of Husband’s prior marriage to be divided equally between them
Wife
The two children of the marriage to Wife to be divided equally between them.
The two children of the marriage to Wife and the two children of Husband’s prior marriage to be divided equally among all of them.
Grant deeded his property to Botts for Botts’s life. The terms in the deed stated that the property would pass to Grant’s son at the expiration of the life estate.
Grant’s son has dower to the estate.
The future interest is a remainder estate.
The future interest is a reversion estate.
Botts will own a leasehold estate.
1 points
QUESTION 26
The type of tenancy that arises when a tenant wrongfully remains in possession of the premises after expiration of the tenancy is called a
tenancy at will.
periodic tenancy.
tenancy for years.
tenancy at sufferance
1 points
QUESTION 27
The Crown Corporation offers to buy the voting stock of the L & N Corporation with the intention of acquiring L & N and changing its management. To avoid being taken over by Crown L & N asks the Spendle Corporation to outbid Crown. In this situation
L & N is a friendly suitor Crown is a hostile bidder and Spendle is the target.
L & N is a hostile bidder Crown is the target and Spendle is a white knight.
L & N is the target Crown is a friendly suitor and Spendle is a hostile bidder.
L & N is the target Crown is a hostile bidder and Spendle is a white knight.
1 points
QUESTION 28
Which of the following powers is not granted to the President in Article II of the Constitution?
The President is the Commander-in-Chief of the army
The President has executive power.
The President appoints judges to the highest federal court
The President engages in judicial review.
1 points
Grant deeded his property to Botts for Botts’s life. The terms in the deed stated that the property would pass to Grant’s son at the expiration of the life estate.
Grant’s son has dower to the estate.
The future interest is a remainder estate.
The future interest is a reversion estate.
Botts will own a leasehold estate.
1 points
QUESTION 26
The type of tenancy that arises when a tenant wrongfully remains in possession of the premises after expiration of the tenancy is called a
tenancy at will.
periodic tenancy.
tenancy for years.
tenancy at sufferance
1 points
QUESTION 27
The Crown Corporation offers to buy the voting stock of the L & N Corporation with the intention of acquiring L & N and changing its management. To avoid being taken over by Crown L & N asks the Spendle Corporation to outbid Crown. In this situation
L & N is a friendly suitor Crown is a hostile bidder and Spendle is the target.
L & N is a hostile bidder Crown is the target and Spendle is a white knight.
L & N is the target Crown is a friendly suitor and Spendle is a hostile bidder.
L & N is the target Crown is a hostile bidder and Spendle is a white knight.
1 points
QUESTION 28
Which of the following powers is not granted to the President in Article II of the Constitution?
The President is the Commander-in-Chief of the army
The President has executive power.
The President appoints judges to the highest federal court
The President engages in judicial review.
1 points
QUESTION 29
Sales of consumer goods or services over $25 made away from the seller’s regular place of business
may usually not be canceled.
may be canceled within three business days after the sale occurs.
may be canceled within five business days after the sale occurs.
none of the above.
1 points
1 points

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