Blaw final #2
Federal authority to control air pollution was established by the: (A) Clean Air Act (B) Fresh Air Act (C) Clean Environment Act (D) No Pollution Act (E) Free Air Act
(A) Clean Air Act
Under the ____ the EPA must set pollution standards and, through forced cooperation of the states, to enforce the standards across the country. (A) Clean Air Act (B) Fresh Air Act (C) Clean Environment Act (D) No Pollution Act (E) Free Air Act
(A) Clean Air Act
The government agency charged with monitoring food and drug safety is the: (A) Food and Drug Administration (B) Food Safety Administration (C) Food and Drug Regulation Agency (D) Food and Dangerous Drug Administration (E) Consumable Products Administration
(A) Food and Drug Administration
The ____ to the Food and Drug Act gave the FDA authority for the first time to approve drugs based on their proven effectiveness. (A) Kefauver Amendment of 1962 (B) Food, Drug and Cosmetics Amendment of 1964 (C) Effectiveness Amendment of 1962 (D) Madison Amendment of 1962 (E) Drug Efficacy Amendment of 1964
(A) Kefauver Amendment of 1962
The requirement that if one product or service is purchased then another product or service must also be purchased, even if not desired by the customer, is called: (A) a tying arrangement (B) a boycott (C) a merger (D) a cartel (E) a discrimination
(A) a tying arrangement
Businesses that wish to build new emission-producing facilities in "dirty air" areas must: (A) agree to offset existing pollution in the area (B) use the Highest Achievable Emissions Rate Technology (C) be unable to verify compliance with the Clean Air Act at other plants they have in the state (D) agree to offset existing pollution in the area and use the Highest Achievable Emissions Rate Technology (E) agree to offset existing pollution in the area and use the Highest Achievable Emissions Rate Technology and be unable to verify compliance with the Clean Air Act at other plants they have in the state
(A) agree to offset existing pollution in the area
Which of the following is one of the four major external environmental problems that the EPA has primary responsibility for: (A) air pollution (B) contamination of food products (C) noise pollution (D) all of the other specific choices are correct (E) none of the other specific choices are correct
(A) air pollution
Retailers in a city discovered that some products they bought for retail sale were being sold by distributors directly to the public, thereby reducing sales that could have gone to the retailers. The retailers got together and agreed not to buy any goods from distributors who sold directly to the public. This agreement is: (A) an illegal boycott (B) a legal boycott protected by right to free speech (C) a legal boycott unless it has major economic consequences (D) a violation of the Robinson-Patman Act (E) none of the other choices
(A) an illegal boycott
The 1962 Kefauver Amendment to the Food and Drug Act gave the FDA authority for the first time to: (A) approve drugs based on their proven effectiveness (B) license the use of drugs in physician offices (C) determine which drugs are to be prescription drugs (D) approve drugs based on their safety (E) all of the other choices
(A) approve drugs based on their proven effectiveness
A foreign trade zone is a(n): (A) area where businesses can import goods without paying tariffs (B) area where foreign businesses can buy land (C) area where foreign businesses only have to pay 50% of the normal tariffs (D) area where only foreign businesses can trade (E) area where foreign businesses do not have to pay any federal taxes
(A) area where businesses can import goods without paying tariffs
The State Implementation Plans required by the Clean Air Act: (A) define the control efforts to be used in each state to achieve the national standards (B) survey all factories in a state to find out how much they pollute (C) are usually favorable to big businesses (D) tend to hurt small businesses (E) are unofficial records of each state's attempts to control pollution
(A) define the control efforts to be used in each state to achieve the national standards
To protect themselves from having to pay for hazardous waste cleanup for waste generated by a previous owner, many potential property buyers have a(n) ____ performed on the property they wish to purchase. (A) environmental audit (B) risk audit (C) environmental evaluation (D) environmental risk assessment (E) environmental condition assessment
(A) environmental audit
Which of the following is one of the four major external environmental problems that the EPA has primary responsibility for: (A) land pollution (B) contamination of food products (C) noise pollution (D) all of the other specific choices are correct (E) none of the other specific choices are correct
(A) land pollution
In general, ____ is held to be the worst violation of antitrust laws. (A) price fixing (B) horizontal mergers (C) selling at a loss (D) vertical mergers (E) conspiracy
(A) price fixing
A trade deficit occurs when: (A) the value of imports exceeds the value of exports (B) the value of exports exceeds the value of imports (C) the value of imports equals the value of exports (D) other countries are dumping in a country's home market (E) a country is dumping goods in another country
(A) the value of imports exceeds the value of exports
Which of the following is one of the four major external environmental problems that the EPA has primary responsibility for: (A) water pollution (B) contamination of food products (C) noise pollution (D) all of the other specific choices are correct (E) none of the other specific choices are correct
(A) water pollution
Amazon wanted to sell new e-books for $9.99. The book publishers were not happy with that idea, so the six largest publishers met with Apple, which agreed to price the books at $14.99 and $19.99. The publishers refused to work with Amazon. Apple was convicted of a conspiracy to raise ebook prices in violation of the Sherman Act. The appeals court held that Apple: (A) conspired to raise e-book prices which was per se illegal. (B) conspired to raise e-book prices and was liable under a rule of reason analysis. (C) was not liable as the six publishers brought the idea to Apple, so the publishers were liable. (D) was not liable because there was no evidence that its plans ever took effect or impacted the market. (E) none of the other choices are correct.
(A) conspired to raise e-book prices which was per se illegal.
The Federal Trade Commission was established in: (A) 1909 (B) 1915 (C) 1920 (D) 1937 (E) 1950
(B) 1915
The State Implementation Plans required by the Clean Air Act: (A) are short and not very detailed (B) are extremely detailed and may be tens of thousands of pages long (C) are rarely more than 100 pages (D) are detailed, yet concise (E) are long, but not very detailed
(B) are extremely detailed and may be tens of thousands of pages long
A ____ occurs when a group conspires to prevent the carrying on of business or to harm a business. (A) strike (B) boycott (C) stand-in (D) tie in (E) lock out
(B) boycott
When a group of competitors conspire to prevent the carrying on of business or to harm a business it is a: (A) strike (B) boycott (C) lock out (D) black out (E) none of the other choices
(B) boycott
Under the Clean Water Act, dumping pollutants into navigable waters: (A) is illegal (B) is illegal without a permit (C) is legal for government companies, but not private companies (D) is legal for private companies, but not government companies (E) is legal
(B) is illegal without a permit
An agreement or assurance by the bank of a buyer to pay a specified amount to the seller upon receipt of certain documents that prove that the goods have been shipped and that contractual obligations of the seller have been fulfilled is known as a(n): (A) letter of obligation (B) letter of credit (C) letter of confirmation (D) letter of payment (E) assurance of payment letter
(B) letter of credit
Under the Clean Air Act, if a plant owner plans to build a plant in a "clean air area" he: (A) does not need a preconstruction permit from the EPA or the state agency that enforces the Act (B) needs a preconstruction permit from the EPA or the state agency that enforces the Act (C) does not need to get any permits until after construction begins (D) can begin construction with no permit if he pays a fee to the state agency that enforces the Act (E) none of the other choices are correct
(B) needs a preconstruction permit from the EPA or the state agency that enforces the Act
Under the Clean Air Act, if a plant owner plans to build a plant in a "dirty air area" he: (A) does not need a preconstruction permit from the EPA or the state agency that enforces the Act (B) needs a preconstruction permit from the EPA or the state agency that enforces the Act (C) does not need to get any permits until after construction begins (D) can begin construction with no permit if he pays a fee to the state agency that enforces the Act (E) none of the other choices are correct
(B) needs a preconstruction permit from the EPA or the state agency that enforces the Act
An area that has what the EPA classifies as "dirty air" that does not satisfy the air quality standards is known as a: (A) noncontainable area (B) nonattainment area (C) noncontainment area (D) significant deterioration area (E) none of the other choices
(B) nonattainment area
In U.S. v. Trenton Potteries Co., competitors openly fixed prices and restrained sales. The Supreme Court held that: (A) Section 2 of the Clayton Act was unconstitutional (B) price fixing is per se illegal (C) cartels that serve to lower consumer prices may be legal (D) as a potters association they were exempt from the antitrust laws (E) horizontal groupings that do not involve mergers are not illegal
(B) price fixing is per se illegal
The Food and Drug Administration: (A) prohibits the sale of any drug without a prescription (B) prohibits the sale of drugs without FDA approval (C) prohibits the sale of prescription drugs to anyone under age 19 without parental consent (D) prohibits the sale of any drug without a prescription and prohibits the sale of drugs without FDA approval (E) prohibits the sale of any drug without a prescription and prohibits the sale of drugs without FDA approval and prohibits the sale of prescription drugs to anyone under age 19 without parental consent
(B) prohibits the sale of drugs without FDA approval
A tying arrangement occurs when: (A) a distributor is limited in who it can sell a product to (B) there is a requirement that if one product or service is purchases then another product or service must also be purchased (C) there is a requirement that a certain amount of a product is purchased (D) the area where a product can be distributed is limited (E) a customer buys from two different suppliers
(B) there is a requirement that if one product or service is purchases then another product or service must also be purchased
When the value of a country's imports exceeds the value of its exports the country is said to have a: (A) trade surplus (B) trade deficit (C) lack of trade (D) failure of trade (E) trade loss
(B) trade deficit
In Leegin Creative Leather Products v. PSKS, a maker of leather goods would not sell to stores that would not follow its pricing policy (resale price maintenance). The Supreme Court held that: (A) all vertical price fixing subject to a per se rule of illegality (B) vertical price restraints would be viewed under a rule of reason (C) vertical price restraints injure the ability of sellers to compete so are generally illegal (D) vertical price fixing of minimum prices is subject to a per se rule of illegality (E) none of the other choices
(B) vertical price restraints would be viewed under a rule of reason
The problem of brownfields is partially addressed by the: (A) Brownfields Limited Liability Act (B) Brownfields Redemption Act (C) Brownfields Revitalization Act (D) Brownfields Clean Up Act (E) Brownfields Restoration Act
(C) Brownfields Revitalization Act
In Leegin Creative Leather Products v. PSKS, a maker of leather goods would not sell to stores that would not follow its pricing policy (resale price maintenance). The Supreme Court used the case to overturn the rule established a century before in: (A) State Oil Co. v. Khan (B) Business Electronics v. Sharp Electronics (C) Dr. Miles Medical Co. v. John D. Park & Sons (D) Standard Oil v. U.S. (E) none of the other choices
(C) Dr. Miles Medical Co. v. John D. Park & Sons
Which of the following things is NOT required in State Implementation Plans under the Clean Air Act: (A) enforceable emission limits (B) schedules and timetables for compliance (C) a "legally binding commitment" by the governor to comply with the Clean Air Act (D) adequate funding, personnel, and authority for implementing and enforcing the SIP (E) all of the other specific choices are required
(C) a "legally binding commitment" by the governor to comply with the Clean Air Act
The doctrine of sovereign immunity allows: (A) a foreign nation to try all cases involving its nationals before an international tribunal (B) a domestic business to take all claims against a foreign sovereign before the International Court of Justice (C) a domestic court to give up jurisdiction it holds over a foreign enterprise (D) a foreign court to bring the U.S. government to trial in all cases involving government departments (E) a foreign country to seize the property of businesses if the seizure is for a public purpose and the country pays the business just compensation
(C) a domestic court to give up jurisdiction it holds over a foreign enterprise
The ____ allows a court to give up its right to jurisdiction over foreign enterprises or countries. (A) doctrine of neutrality (B) doctrine of litigation (C) doctrine of sovereign immunity (D) doctrine of arbitration (E) doctrine of noninvolvement
(C) doctrine of sovereign immunity
A place of entry in a country that does not assess duties or tariffs on products is called: (A) foreign trade zone (B) countervailing duty zone (C) duty-free port (D) trade-enhancement zone (E) none of the other choices
(C) duty-free port
Suppose Coca-Cola required anyone who wanted to distribute Coke products must to also purchase a new candy product that Coca-Cola manufactures. This practice would be: (A) illegal per se as an exclusive dealing arrangement under the Clayton Act (B) illegal per se as a tying arrangement under the Clayton Act (C) illegal as a tying arrangement if Coca-Cola had monopoly power (D) legal as a method of product innovation allowed by the Clayton Act (E) legal only because the candy requirement protected the company's sugar suppliers
(C) illegal as a tying arrangement if Coca-Cola had monopoly power
A letter of credit: (A) is a written instrument that orders payment of a certain sum of money to the party specified by the bill (B) is a financial document that permits the exporter to ship goods between countries without precustoms clearance (C) is an agreement by the bank of the buyer to pay a certain sum to the seller upon receipt of certain documentation (D) is a government document that provides for the purchase of goods from foreign sellers on open account (E) allows a company to repatriate its foreign profits
(C) is an agreement by the bank of the buyer to pay a certain sum to the seller upon receipt of certain documentation
The general understanding of Leegin Creative Leather Products v. PSKS, where a maker of leather goods would not sell to stores that would not follow its pricing policy (resale price maintenance), is that: (A) resale price maintenance continues to be per se illegal (B) strong territorial controls are generally illegal (C) manufacturers have wide control in selecting dealers to distribute their products (D) manufacturers must have a strong justification for not selling to distributors who request their products (E) none of the other choices
(C) manufacturers have wide control in selecting dealers to distribute their products
Which of the following is NOT one of the four major external environmental problems that the EPA has primary responsibility for: (A) air pollution (B) water pollution (C) noise pollution (D) land pollution (E) none of the other specific choices are correct
(C) noise pollution
If an anti-dumping order is issued against a good, the manufacturer of that good: (A) must remove the product from the U.S. market (B) reimburse affected U.S. manufacturers directly (C) pay an antidumping duty (D) must remove the product from the U.S. market or reimburse affected U.S. manufacturers directly (E) must remove the product from the U.S. market or reimburse affected U.S. manufacturers directly and pay an antidumping duty
(C) pay an antidumping duty
The cases concerning monopolization indicate: (A) a concern with protecting competitors (B) a desire to restrict the size of firms (C) protecting competition itself (D) the per se rule generally applies (E) none of the other choices
(C) protecting competition itself
Before the 1979 Iranian uprising, Lumax had a plant in Iran. The Iranian government allowed Lumax to send products and profits out of the country. The new government confiscated Lumax's plant. The company sued the government of Iran in a U.S. courts: the forum choice of the parties in case of any dispute. A U.S. court will likely hold: (A) that Iran has committed an lawful act and need not compensate Lumax (B) that Iran and the U.S. must resolve their differences in a neutral forum such as the courts of Switzerland (C) that Lumax may sue the government of Iran under the provisions of the Foreign Sovereign Immunities Act (D) that Iran must compensate Lumax according to international nationalization laws (E) for Lumax and allow the company to attach assets held by the Iranian government in the U.S.
(C) that Lumax may sue the government of Iran under the provisions of the Foreign Sovereign Immunities Act
The Clean Air Act established specific procedures for: (A) the construction of new automobile engines (B) the use of energy sources by utility companies (C) the construction of new industrial plants (D) monitoring emissions from federal government operations (E) filing public nuisance actions against large polluters
(C) the construction of new industrial plants
The Food and Drug Administration does not have which of the following powers: (A) to restrict false advertising of drugs (B) to inspect plants where drugs are manufactured (C) to decide which drug company will develop which kinds of new drugs (D) to seize drugs that have been approved to be on the market (E) all of the other choices are FDA powers
(C) to decide which drug company will develop which kinds of new drugs
The Food and Drug Administration does not have which of the following powers: (A) to restrict false advertising of drugs (B) to inspect factories where drugs are manufactured (C) to prosecute physicians who violate the learned intermediary rule (D) to seize drugs that have been approved to be on the market (E) all of the other choices are FDA powers
(C) to prosecute physicians who violate the learned intermediary rule
As illustrated in State Oil Co. v. Khan, where a gasoline distributor controlled the maximum gas sales markup that its gas station dealers could charge (maximum price fixing), the Supreme Court has held that: (A) vertical price fixing is always legal (B) vertical price fixing is never legal (C) vertical price fixing is acceptable under the rule of reason if it benefits consumers (D) vertical price fixing is acceptable under the rule of reason if it benefits industry (E) vertical price fixing is acceptable per se if it benefits the industry
(C) vertical price fixing is acceptable under the rule of reason if it benefits consumers
Which of the following is not a part of the Clean Water Act: (A) a national effluent standard set by EPA for industries (B) state water quality standards approved by EPA (C) water pollution standards based on evidence of harm to humans and aquatic species (D) construction of more publicly owned treatment works (E) all of the other choices are part of the Act
(C) water pollution standards based on evidence of harm to humans and aquatic species
In State Oil Co. v. Khan, a gasoline distributor controlled the maximum gas sales markup that its gas station dealers could charge (maximum price fixing). The Supreme Court held that: (A) all vertical price fixing subject to a rule of reason (B) vertical price fixing of maximum retail prices was illegal (C) when vertical price fixing lowers prices, it may be justified by rule of reason (D) vertical price fixing may cause dealers to be able to furnish more services in an anticompetitive manner (E) vertical price fixing may hurt the ability of sellers to compete
(C) when vertical price fixing lowers prices, it may be justified by rule of reason
How toxic substances are handled once they are in the market, or when they are being disposed of, is the concern of the: (A) Federal Insecticide, Fungicide, and Rodenticide Act (B) National Insecticide, Fungicide, and Rodenticide Act (C) Federal Commercial Toxic Substances Act (D) Resource Conservation and Recovery Act (E) Toxic Substances Control Act
(D) Resource Conservation and Recovery Act
Which of the following may be at least partly exempt from antitrust laws? (A) agricultural cooperatives (B) insurance firms regulated by the states (C) a group of domestic producers who band together to sell exports (D) all of the other specific choices (E) none of the other choices
(D) all of the other specific choices
Antitrust law restricting monopolization favors competition because: (A) it lowers prices for consumers (B) it spurs companies to innovate (C) it increases consumer choice (D) all of the other specific choices are correct (E) none of the other specific choices are correct
(D) all of the other specific choices are correct
The Comprehensive Environmental Response, Compensation, and Liability Act defines which of the following as potentially responsible parties who can be held liable for cleanup costs and damages to natural resources from hazardous wastes: (A) current owners of a hazardous waste site (B) prior owners of a site at the time of hazardous waste disposal (C) any hazardous was generator who arranged for disposal at the site (D) all of the other specific choices are correct (E) none of the other specific choices are correct
(D) all of the other specific choices are correct
Which of the following items are banned from being imported into the U.S.: (A) products from endangered species (B) narcotics (C) items that do not meet U.S. pollution regulations (D) all of the specific choices are banned (E) none of the specific choices are banned
(D) all of the specific choices are banned
The legal doctrine of foreign sovereign immunity is concerned with: (A) the ability of foreign countries create new courts (B) the degree to which foreign countries maintain trade laws (C) barring foreign investors from collecting damages in host countries (D) barring US courts from exercising jurisdiction over foreign governments or their agencies
(D) barring US courts from exercising jurisdiction over foreign governments or their agencies
Which of the following actions requires a permit under the Clean Water Act: (A) dumping a pollutant in navigable waters (B) moving water from one navigable water to another (C) swimming in navigable water (D) both a and b require permits (E) none of the other choices require a permit
(D) both a and b require permits
The fact that many old industrial areas have become abandoned and firms do not wish to buy the land for future use because of potential Superfund liability is called the problem of: (A) urban blight (B) urban Superfunds (C) urban toxic abandonment (D) brownfields (E) none of the other choices
(D) brownfields
The Food and Drug Administration: (A) inspects drug manufacturing facilities (B) prohibits the sale of drugs without FDA approval (C) prohibits the sale of prescription drugs to anyone under age 19 without parental consent (D) inspects drug manufacturing facilities and prohibits the sale of drugs without FDA approval (E) inspects drug manufacturing facilities and prohibits the sale of drugs without FDA approval and prohibits the sale of prescription drugs to anyone under age 19 without parental consent
(D) inspects drug manufacturing facilities and prohibits the sale of drugs without FDA approval
To grow cranberries, Eva used a wet area on her property. When cranberries were linked to cancer and the market for cranberries collapsed, Eva wanted to drain the wet area to be able to raise goats because goat cheese is popular. To make this change Eva must: (A) obtain permission from the state of Massachusetts to stop growing cranberries (B) obtain permission from the Department of Agriculture to stop growing cranberries (C) obtain a license from the Department of the Interior to develop a goat farm (D) obtain a permit from the U.S. Army Corps of Engineers (E) Eva does not need to do anything; she may change her farm however she wants
(D) obtain a permit from the U.S. Army Corps of Engineers
Illegal horizontal price fixing: (A) occurs when a manufacturer requires the retailers to sell its products at specific prices (B) occurs when a firm at one level of business controls the price of a firm's product at another level (C) ties the sale of one product at a particular price to the sale of another product (D) occurs when competitors agree to act together to set prices for their products (E) none of the other choices
(D) occurs when competitors agree to act together to set prices for their products
Which of the following is NOT usually part of the documentation required for payment from a buyer's bank when a letter of credit has been issued: (A) a certificate of origin (B) a commercial invoice (C) an export license (D) proof of profit (E) all of the other choices are correct
(D) proof of profit
In Leegin Creative Leather Products v. PSKS, a maker of leather goods would not sell to stores that would not follow its pricing policy (resale price maintenance). The Supreme Court held that: (A) resale price maintenance is always illegal as stated in Dr. Miles Medical Co. v. John D. Park & Sons (B) resale price maintenance can help promote intrabrand competition, which is the primary purpose of the antitrust laws (C) vertical price fixing can help promote intrabrand competition, which is the primary purpose of the antitrust laws (D) resale price maintenance can help promote interbrand competition, which is the primary purpose of the antitrust laws (E) horizontal price fixing can help promote interbrand competition, which is the primary purpose of the antitrust laws
(D) resale price maintenance can help promote interbrand competition, which is the primary purpose of the antitrust laws
The Clean Air Act requires the EPA to: (A) set pollution standards (B) enforce cooperation among the states on the issue of air pollution control (C) control air quality in public buildings and workplaces (D) set pollution standards and enforce cooperation among the states on the issue of air pollution control (E) set pollution standards and enforce cooperation among the states on the issue of air pollution control and control air quality in public buildings and workplaces
(D) set pollution standards and enforce cooperation among the states on the issue of air pollution control
Under the Clean Air Act, the standards for the construction of new industrial plants depend on: (A) the size of the plant (B) the economic impact of the plant (C) the kind of good the plant is producing (D) the air quality of the area in which a plant is built (E) the number of employees the plant will employ when finished
(D) the air quality of the area in which a plant is built
The Food and Drug Administration does not have which of the following powers: (A) to restrict false advertising of drugs (B) to inspect factories where drugs are manufactured (C) to set the levels of additives that may be used in food (D) to seize drugs that have been approved to be on the market (E) all of the other choices are FDA powers
(E) all of the other choices are FDA powers
Which of the following is NOT usually part of the documentation required for payment from a buyer's bank when a letter of credit has been issued: (A) a certificate of origin (B) a commercial invoice (C) an export license (D) a certificate of inspection (E) all of the other choices are correct
(E) all of the other choices are correct
Which of the following is usually part of the documentation required for payment from a buyer's bank when a letter of credit has been issued: (A) a certificate of origin (B) a commercial invoice (C) an export license (D) a certificate of inspection (E) all of the other choices are correct
(E) all of the other choices are correct
Which of the following is probably an illegal boycott? (A) retailers join together to refuse to buy from distributors who do something the retailers do not like (B) distributors join together to refuse to sell to retailers who do something the wholesalers do not like (C) doctors in a city, agree through the City Medical Association, to refuse to take welfare patients because the city will not pay as much as the doctors think they should be paid (D) none of the other choices (E) all of the other specific choices
(E) all of the other specific choices
Which of the following is one of the four major external environmental problems that the EPA has primary responsibility for: (A) air pollution (B) water pollution (C) land pollution (D) pollution associated with certain products (E) all of the other specific choices are correct
(E) all of the other specific choices are correct
Which of the following is a major pollutant regulated by the Clean Air Act: (A) lead (B) nitrogen oxide (C) ozone (D) carbon monoxide (E) all of the other specific choices are major pollutants
(E) all of the other specific choices are major pollutants
Which of the following groups could promote a boycott: (A) consumers (B) union members (C) retailers (D) wholesalers (E) all of the other specific choices are possible
(E) all of the other specific choices are possible
Which of the following things is NOT required in State Implementation Plans under the Clean Air Act: (A) enforceable emission limits (B) schedules and timetables for compliance (C) measures for monitoring air quality and emissions from pollution sources (D) adequate funding, personnel, and authority for implementing and enforcing the SIP (E) all of the other specific choices are required
(E) all of the other specific choices are required
The Clean Air Act requires the EPA to: (A) set pollution standards (B) enforce cooperation among the states on the issue of air pollution control (C) implement pollution standard across the country (D) protect and enhance the quality of the nation's air resources (E) do all of the other choices
(E) do all of the other choices
World Inc. wanted to sell sugar-free candy made by Sweets (a U.S. company) to an Italian company, Ferraro. The goods were to be paid for by an irrevocable letter of credit issued in the name of World. The letter of credit stated that drafts must be accompanied by a bill of lading, packing list, FDA approvals, and certificates of insurance. Drafts were to be presented to C Bank before March 15, 2009. After shipping the candy to Ferraro, World presented the Bank with the required documentation on March 21, 2009. The Bank should: (A) pay the draft as required by the letter of credit because it is irrevocable (B) pay the draft because all the required documentation is in order (C) pay the draft because Ferraro would be unjustly enriched if it received the goods and did not pay for them (D) not pay the draft because the letter of credit is irrevocable (E) not pay the draft because World Trading has not met its contractual obligations under the letter
(E) not pay the draft because World Trading has not met its contractual obligations under the letter
The Clean Air Act: (A) requires each state to develop a State Implementation Plan (B) places the primary enforcement burden on states (C) allows the EPA to mandate a portion of states' budget to enforce pollution guidelines (D) requires each state to develop a State Implementation Plan and allows the EPA to mandate a portion of states' budget to enforce pollution guidelines (E) requires each state to develop a State Implementation Plan and places the primary enforcement burden on states
(E) requires each state to develop a State Implementation Plan and places the primary enforcement burden on states
