Dev Shell 2nd Edition 2014 Fall D Term 6 quiz 1

Question 1Mega Corporation has developed a strategic plan that calls for an emphasis on appealing to a younger demographic. If it decided that such an appeal to a younger market would necessitate a change in the corporate logo and trademark, such changes would require an understanding of:securities law.intellectual property law.contract law.antitrust law.Question 2Secondary sources of law:are looked to when there is no primary source of law that applies to the facts of a case.are considered a valid independent authority.apply to both federal and state legal issues.have no legally binding effect.Question 3The common law is the law that all states follow to avoid confusion and to promote consistency from state to state.TrueFalseQuestion 4Restatements of the Law are written and revised by Congress and state legislatures as needed.TrueFalseQuestion 5Legal positivists believe that agreed-upon laws should be uniformly and strictly enforced and may be changed only by the government.TrueFalseQuestion 6Rich has been arrested for a series of 21 home burglaries that spanned over nine months. The news regarding the crime spree was on television, on radio, and in the newspapers on a regular basis. His lawyer doesn’t believe that Rich can get a fair trial locally, so he will ask for:a change in personal jurisdiction.a change in subject matter jurisdiction.a change in venue.a change using a long-arm statute.Question 7The physical presence of an out-of-state party in a particular state is generally an automatic basis for jurisdiction over the defendant by both that state’s courts and the federal trial court within that state.TrueFalseQuestion 8A state court may not unilaterally declare or decide that proper venue for a case should be in another state.TrueFalseQuestion 9State long-arm statutes are used to establish subject matter jurisdiction over out-of-state defendants.TrueFalseQuestion 10Not all courts have the authority to hear all cases.TrueFalseQuestion 11While normal arbitration produces an arbiter’s decision and the parties are bound by the award, online arbitration produces a decision but the award is not binding on the parties.TrueFalseQuestion 12When the American Arbitration Association receives an application for appointment of an arbitrator, it:meets with a local trial judge to determine whether litigation or arbitration will be most efficient and advantageous based on the parties and the nature of the dispute.meets with attorneys from both sides to determine whether litigation or arbitration will be most efficient and advantageous based on the parties and the nature of the dispute.receives a list of suggested arbitrators from both parties and then selects the arbitrator, who informs the parties of the procedures and rules of arbitration.appoints a tribunal administrator, who informs the parties of the procedures and rules of arbitration.Question 13In the typical business context, ADR is invoked either via contract or by mutual agreement.TrueFalseQuestion 14Depositions are:oral questions, answered orally, asked of parties and witnesses.oral questions, answered orally, asked only of parties.written questions, answered in writing, asked of parties and witnesses.written questions, answered in writing, asked only of parties.Question 15Online dispute resolution (ODR) has all of the advantages of traditional forms of ADR.TrueFalseQuestion 16The moderate view of assessing corporate citizenship holds that:corporate officers and boards of directors should provide the exclusive view of corporate responsibility.corporate employees below the senior executive level should provide the exclusive view of corporate responsibility.community groups where the corporation is located should provide the exclusive view of corporate responsibility.the government should provide the exclusive view of corporate responsibility.Question 17Modern Corporation operates a steel mill. It has never contributed anything to the local community, and it knowingly pollutes both the air and the river that runs by its mill. The corporation’s reasoning is that the cost of installing pollution control devices would diminish its profits, and it doesn’t support the community because it provides jobs and doesn’t think it owes anything else to the citizens in its area. Donating to the community would also diminish profits. Which theory of corporate social responsibility is Modern Corporation exhibiting?the narrow view, or invisible hand theorythe moderate view, or government’s hand theorythe hybrid view, or citizen’s hand theorythe broad view, or management’s hand theoryQuestion 18A particular act can be deemed unethical yet still be legal.TrueFalseQuestion 19The triple bottom line in the perspective of corporate social responsibility emphasizes each of the following except:creation of profit.creation or destruction of environmental value.creation of social value.creation of private value.Question 20The reputed mastermind of the Enron business model was:Kenneth Lay, founder and chief executive officer.Jeffrey Skilling, chief operating officer.Andrew Fastow, chief financial officer.Rick Clausey, chief accounting officer.Question 21Zoning is generally done at the state level through statutes passed by the state legislature.TrueFalseQuestion 22A sublease occurs when a tenant transfers the entire remaining term of a lease to a third party.TrueFalseQuestion 23The Takings Clause is found in the Constitution’s:First Amendment.Fifth Amendment.Eighth Amendment.Fourteenth Amendment.Question 24Penny is renting an apartment from Albert. Every time Penny flushes the toilet, the toilet overflows and she must clean and mop the floor of her bathroom. She has complained numerous times, but Albert will not fix the problem. Albert is breaching Penny’s right to:habitability.quiet enjoyment.possession.fair use.Question 25Company A and company B own adjacent pieces of land. The companies own the full bundle of rights in their respective properties. Company A digs a mine that starts on its own property but extends, below ground, across the property line. If company A finds minerals below company B’s surface property, it may mine and use the minerals for its own use because it has not gone onto or disturbed company B’s property.TrueFalse