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Question 91

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What is the Uniform Commercial Code and why is it important?

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The Uniform Commercial Code UCC)is a com...

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Question 92

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The remedy for a tort is:

A) imprisonment.
B) a breach of contract.
C) bankruptcy.
D) monetary compensation.

E) A) and C)
F) A) and D)

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Question 93

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Chapter 13 bankruptcy permits individuals and small-business owners to repay creditors over a period of three to five years.

The government's involvement in governing the behavior of business people seems to be increasing.

A bankruptcy allows creditors to get at least part of their money when there are assets available to divide among the creditors.

The primary objective of a sin tax is to generate additional revenue for the government.

The Sherman Antitrust Act forbids actual monopolies or attempts to monopolize any part of commerce.

Which of the following protects the original work of authors and artists i.e. ,their books,photos,or cartoons) ?

In 1978,a 13-year-old boy was severely burned in a rear-end collision involving a Ford Pinto.The case went to court and Ford was ordered to pay $125 million in punitive damages based on the legal principle of:

Congratulations! You've just finished composing a song that will be the next big hit.Your next step is to apply for a patent through the U.S.Patent & Trademark Office.

The intent of the Sherman Antitrust Act of 1890 was to encourage the growth of large business organizations in the U.S.in order to compete with more established firms in Europe.

Real property is real estate owned by individuals and businesses.

Chapter 13 proceedings are more complicated than Chapter 7 bankruptcy proceedings.

The Class Action Fairness Act is a first step toward setting limits on the amount of damages for which companies are liable should their products harm consumers.

The Federal Trade Commission acts to stop false and deceptive advertising and labeling.

Your paycheck and the check you write to Old Navy for a pair of jeans are both examples of a negotiable instrument.

The number of Americans filing for bankruptcy has decreased as a result of the Bankruptcy Reform Act.

Congress prohibited discrimination against people with physical disabilities when they enacted the Americans with Disabilities Act.This is an example of common law.

Laws regulating marriage and the payment for personal injuries are part of our body of civil law.

In order to be legally binding,a contract must be a written agreement between two or more parties.