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LAW 531 Final Exam A.

Oct 26th, 2014
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  1. In this paperwork of LAW 531 Final Exam A. you will find the answers on the next questions:
  2. 1. A policy provision that requires an insured to carry a certain minimum level of insurance covering property in order to be able to recover the full policy amount is:
  3. 2. Which of the following statutes amended the National Labor Relations Act?
  4. 3. Which of the following is not a basis for an unfair competition claim under Section 5 of the Fair Trade Commission Act?
  5. 4. Edward's Warehouse stores a variety of generic goods for several distributors in Anytown. Which of the following describes Edward's liability for the bailed goods should something happen to them?
  6. 5. Where a landowner seeks permission to build a structure that does not comply with the current zoning regulations applicable to the land in question, the landowner would seek an:
  7. 6. What is a master limited partnership?
  8. 7. Judy just bought a new business with many employees. She has heard about the requirements of OSHA. What is the employer's general duty under OSHA?
  9. 8. Bob and Mary are husband and wife, respectively. They co-own their home as tenants by the entirety. In early 1997, Bob, without Marys knowledge, sells his share of the home to Alice, a ski instructor at Aspen Ski Area. Bobs will leaves all his property to Edith, a ski instructor at Sun Valley Ski Area. Bob unexpectedly dies on December 16, 1997. Who will own the home following his death?
  10. 9. In an agency for a fixed term, such as 1 year, prior to the end of the stated period,the agent has:
  11. 10. Someone who believes that moral decisions should be made such that the greatest amount of good in total results from the actions believes in which moral theory?
  12. 11. The statute that covers the operations of federal agencies is the:
  13. 12. A bailment where money is paid from one party to the other is usually described as:
  14. 13. A gift of real property made in a will is known as a:
  15. 14. A principal gives an agent express authority to get his car running right. The authority that the agent has to enter into contracts for the purchase of auto parts is:
  16. 15. If an auditor determines that the financial statements do not fairly present the financial results and position of the client, the auditor would issue an:
  17. 16. Under what doctrine are both the employer and employee free to terminate an employment relationship at any time?
  18. 17. A private corporation is one which:
  19. 18. Eric is a member of a manager-managed LLC but is not a manager. This LLC invests in real estate and manages it as rental property in a college town. Eric has made several recommendations to the managers regarding property that he considers to be a good buy. Eric, however, seldom performed even the slightest investigation of the property before recommending it to the managing members. Eric also purchased a couple of rental properties on his own account, taking very careful and sneaky steps to ensure that the other members of the LLC did not learn of these purchases. Which duties has Eric violated?
  20. 19. Aaron, after a long and distinguished career at a nuclear weapons plant in the plutonium storage department, is hired by a local company to work in its warehouse. Aarons skin has turned bright green from his years around the plutonium, but he is otherwise healthy and is not, himself, radioactive in any way. All scientific and health experts have determined that this condition is permanent,but harmless. After working in the warehouse, Aaron is not promoted, and Aaron b
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  24. If you are having difficulty in college, begin a study group. A study group will offer many choices, including one on one time and group time. If you do not want to begin your own study group, there are many study groups available on most colleges. To find one, ask your classmates and professors.
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