Business Law Honors Final - Bowen

Which of the following is an accepted definition of law?

A body of rules of action or conduct prescribed by controlling authority and having binding legal force

The Food, Drug and Cosmetics Act was passed in 1938 after

A large number of women suffered adverse reactions to a particular face cream.

The terms of an express contract _____________________

Are set down in a clear-cut fashion

What is cybersquatting

Buying a domain name in hopes someone will want to buy it later

If one person has a right to sue another person, the case would be heard in ________ court

Civil

What legislation makes it illegal to pay men and women employees different wages when their jobs require equal skill, effort, responsibility, and the same working conditions?

Civil Rights Act

The supreme law of the land comes from

Constitution

How do online retailers track their users' web browsing activities?

Cookies

A(n) _________ is an offense against society

Crime

When citizens rights to live in peace is violated, the offense is governed by

Criminal law

The language that was used to transcribe the first laws of the world were

Cuneiform

The country we derive our law traditions from is

England

The practice of deciding what is right or wrong in a reasoned, impartial manner is knows as

Ethics

Bankruptcy court falls under which court system

Federal

Cases that deal with constitutional rights, treaties, or an act of congress are referred to as

Federal questions

Which of the following is NOT permitted as a possible remedy in antitrust actions

Force a company to buy another company

Which of the following are reflected in some aspect of law?

Honesty and integrity are reflected by the enforceability of contracts, respect for other people and their property is reflected in tort and property law, and some measures are acceptable.

Any agreement that restrains competition between rival firms competitng in the same market place is

Horizontal restraint

__________ property includes patents, trade secrets, service marks, and trademarks

Intellectual

The United States Constitution

Is the oldest written constitution in force in a major nation

Taylor offers to sell her car to Justin for $5,000.00. Justin says it is too much money. In this case

Justin has rejected Taylor's offer

In a society, the rules of conduct that will be enforced by a political party are known as _________ .

Laws

Thomas Hobbes wrote the book ______ dealing with the social contract

Leviathan

The method of settling disputes outside of a court with a neutral third party

Mediation

When minors purchase items such as food and clothing (necessaries), they

Must pay the fair market value rather than the contracted price

The agency given the power to file suits against employers and unions believed to be violating Title VII of the Civil Rights Act is the

National Labor Relations Board

Long arm statutes provide jurisdiction over

Non residents and total contact cases

What legislation required the FDA to issue nutrition labels?

Nutrition Labeling and Education Act

__________ law deals with methods of enforcing legal rights

Procedural

The electronic communications privacy act

Prohibits the intentional interception of any wire, oral, or electronic communications

Enforcement of law in a society is important because it

Provides some predictability and uniformity to the boundaries of acceptable conduct

One example of the law working to effect social change in the U.S. is in the area of

Racial discrimination

Price discrimination in the sale of goods in restricted by the

Robinson-Patman Act

Most states have a two-part legislature. Having two legislative house is meant to

Serve as an added check on government power

In order for a party to have "standing to sue", they must have

Sufficient stake

Jim Crow laws were federal and state laws that

Supported, and even required, racial segregation and labor market discrimination

The ___________ of the United States is the final interpreter of the federal Constitution.

Supreme Court

The Appellate court has the jurisdiction to hear cases

That are appealing a lower court decision

If Coca-Cola were to want to merge with Pepsi, and this was held to "substantially lessen competition" or "tend to create a monopoly," that would be a violation of

The Clayton Act

Even if the purpose is anticompetitive, lobbying to influence a legislature is not illegal because

The first amendment gives persons the right to petition their government

The Clayton Act prevents a corporation from acquiring another corporation if

The result is that it may substantially lessen competition

Why does the judiciary branch review actions taken by the executive branch?

To make sure they comply with the constitution

In a ____________ , a case is heard for the first time

Trial court

There are three instances in which the law recognizes a lack of contractual capacity, they include all of the following except

Undue influence

Exclusive dealing is when

a company is forbidden from dealing with other possible buyers or sellers

A primary source of law is exemplified in

case law

A key motive behind the Sherman Act was

concern about the power of large businesses in some industries.

The Sherman Act expressly holds illegal

contracts and combinations in restraint of trade

The court has judicial review, this allows them to

determine the constitutionality of laws

Primary source of law does which of the following

establishes law

Through jurisdiction. courts have many means to hear a case. One being the long arm statute. In order for this statute to be effective what must be in place for a case?

minimum contacts

The method of basing current decisions on previous cases or proceedings is

precedent

The right to _______ is guaranteed by the Bill of Rights and some state constitutions

privacy

The relief given to an innocent party to enforce a right or a compensation for the violation of a right

remedy

The U.S. Safe Web Act of 2006 deals with the prevention of what?

spam

The main distinction between original and appellate courts jurisdiction lies in whether

the case is being heard for the first time

The Supreme Court has interpreted the commerce clause to mean that national government has the exclusive authority to regulate commerce among the states; this doctrine is known as

the dormant clause

Jurisdiction comes from Latin meaning

to speak the law

The Clayton Act does NOT clearly restrict which of the following?

unfair methods of competition

When a court has concurrent jurisdiction this means

when two different courts can hear the case