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Exam 22: Extension: Working Within the Legal Environment

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Question 41

True/False

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Companies that produced lead-based paint 30 years ago are still subject to the strict product liability provisions of federal tort law.

A) True
B) False

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Question 42

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You and your boss agree to terminate your employment contract because you want to devote more time to school. This breach of contract would likely be resolved by:

A) a specific performance requirement.
B) the payment of damages.
C) a judge.
D) a discharge of obligation.

E) A) and B)
F) A) and C)

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Question 43

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When a local restaurant offers a discount to senior citizens, they have violated the price discrimination provisions of the Robinson-Patman Act.

The Maricopa County Planning Commission is an example of a local administrative agency. It oversees land-use proposals and other long-range issues in Maricopa County, Arizona.

Appellate courts hear the appeals of decisions made at the trial court level brought by the losing party in the case.

Requiring a retailer to carry Performance Tires in order to sell Performance Batteries is prohibited by the Robinson-Patman Act.

Lower courts must abide by the precedents set by higher courts.

Negotiable instruments provide a conditional promise to pay a specified amount of money.

Under contract law, duress means the presence of coercion through force or threat of force.

The purpose of the Sherman Antitrust Act was to:

An interlocking directorate occurs when a contract between a retailer and a wholesaler requires misleading advertising.

Administrative agencies are given the power by Congress to pass rules and regulations within a specific area of authority.

Criminal law defines crimes, establishes punishments, and includes payment for personal injury.

The Robinson-Patman Act prohibits price discrimination in all transactions except business-to-business transactions.

The Uniform Commercial Code establishes a standardized set of regulations for business transactions in all 50 states.

The Clayton Act of 1914 prohibits price discrimination.

Without the permission of the inventor, Cheatum Automobile Manufacturing copied the engine design of an innovative competitor. Cheatum is guilty of:

The Justice Department's antitrust division serves as a watchdog for violations of the Uniform Commercial Code.

A warranty guarantees that:

Deregulation has always benefited consumers.