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Question
Tina wants to sell her sport utility vehicle (SUV). To avoid liability for any implied warranties, the sales agreement should note that the SUV is solda. as is.
b. by a nonmerchant.
c. in perfect condition.
d. with no known defects.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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a. ask other small businesspersons.
b. look in a telephone directory.
c. review listings in the Martindale-Hubbell Law Directory.
d. all of the above.
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No state has a law that allows employees access to their personnel records.
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The law considers all new, single-owner businesses to be limited liability companies unless the owner affirmatively adopts some other form.
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Errors in bookkeeping can provoke litigation.
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A businessperson cannot incur a penalty for violating a law or regulation of which he or she is unaware.
Q:
Fact Pattern 41-1
Adam, a director of Beta Computer Company, learns that a Beta engineer has developed a new, significantly faster computer chip. Adam buys Beta stock and tells his friend Cathy, who also buys Beta stock. When the new chip is announced three weeks later, Adam and Cathy sell their stock for a big profit.
Refer to Fact Pattern 41-1. Regarding Adam's profits on the purchase and sale of Beta stock, under Section 16(b) of the Securities Exchange Act of 1934 Beta may recapture
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c. 10 percent of Adam's profits.
d. none of Adam's profits.
Q:
Fact Pattern 41-1
Adam, a director of Beta Computer Company, learns that a Beta engineer has developed a new, significantly faster computer chip. Adam buys Beta stock and tells his friend Cathy, who also buys Beta stock. When the new chip is announced three weeks later, Adam and Cathy sell their stock for a big profit.
Refer to Fact Pattern 41-1. Under SEC Rule l0b-5, Adam would not be liable if he had waited to buy Beta stock until
a. after Adam told Cathy of the new chip.
b. after Cathy bought Beta stock.
c. after the public announcement of the chip.
d. just before the chip was announced.
Q:
To raise capital to form Apex Corporation with Bert, Carla sells bonds and stock in other companies, and plans to register an initial public offering under the Securities Act of 1933. SEC Rule l0b-5 covers
a. most forms of securities.
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Alpha, Inc., a corporation traded on a national stock exchange, wants to offer bonds for sale to the public. Beta Insurance Company, a state-regulated insurance company, wants to offer annuity contracts for sale to the public. Before any sale, registration must be made with the SEC for
a. Alpha's bonds and Beta's annuity contracts.
b. Alpha's bonds only.
c. Beta's annuity contracts only.
d. neither Alpha's bonds nor Beta's annuity contracts.
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Consumer Products Corporation wants to make an offering of securities to the public. This offering is not exempt from registration under the Securities Act of 1933. Before the firm sells its securities, it must provide investors with
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Generally, states have disclosure requirements patterned after federal securities law.
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Private parties cannot sue violators of Section 10(b) and Rule 10b-5.
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Any corporation with more than $10 million in assets must register with the Securities and Exchange Commission.
Q:
Under the Alien Tort Claims Act of 1789, Marco, or any foreign citizen, can bring a civil suit in a U.S. court
a. for a violation of a treaty of the United States only.
b. for a violation of a treaty of the United States or of the law of nations.
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d. under no circumstances.
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a. a confiscation.
b. a dumping.
c. a licensing.
d. an expropriation.
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China and India form an agreement to govern their commercial exchanges with one another. This is
a. a bilateral agreement.
b. a lateral agreement.
c. a multilateral agreement.
d. a unilateral agreement.
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b. nations only.
c. neither nations nor private transactions that cross national borders.
d. private transactions that cross national borders only.
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Expropriation, even with the payment of just compensation, violates generally observed principles of international law.
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A party to a licensing agreement generally agrees to pay royalties on some basis.
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Confiscation occurs when a government seizes a private property for a proper public purpose and awards just compensation.
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Alice prepares tax returns for Big Stores, Inc., and other business firms. Under the Internal Revenue Code, Alice may be liable for
a. only negligent understatement of a client's tax liability.
b. only willful understatement of a client's tax liability.
c. negligent or willful understatement of a client's tax liability.
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Alpha Corporation and Beta, Inc., form a business trust. Charlie Company and Delta Corporation form a joint stock company. Eagle Corporation and Fine Goods, Inc., form an incorporated cooperative. What features do these combinations of business organization have in common?
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