QUESTION Implied warranties represent only guarantees of terms specifically stated by the seller. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: An implied warranty may represent terms not specifically stated by the seller.
Date: September 3rd, 2020
QUESTION Deregulation is the scaling back, or relaxation in enforcement, of laws and administrative rules that seemed to restrain competition. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: Deregulation is the scaling back, or relaxation in enforcement, of laws and administrative rules that seemed to restrain competition.
Date: September 3rd, 2020
QUESTION The Federal Communications Commission regulates the airwaves. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: The FCC regulates radio and TV communication.
Date: September 3rd, 2020
QUESTION The Securities and Exchange Commission regulates stock and bond markets. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: The SEC regulates trading in stocks and bonds so that fair and transparent standards are applied.
Date: September 3rd, 2020
QUESTION Business law is the legal framework in which business is conducted. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: Business is done with the presumption that relevant laws are being followed.
Date: September 3rd, 2020
QUESTION Marcia was having her kitchen rebuilt. She claims that her contractor used materials Marcia had paid for in rehabbing someone else’s kitchen, and she sued the contractor. In court, because the contractor was presumed innocent until proven guilty, he was benefitting from an administrative law. Indicate whether the statement is true or false. […]
Date: September 3rd, 2020
QUESTION The answer to which of the following questions would be most helpful in resolving the disagreement between Larisa and Karola? A) What are the commissions and services offered by the specific brokers the two are considering? B) Should the two confer with a colleague who has more experience in investments? C) Will they invest […]
Date: September 3rd, 2020
QUESTION The North American Free Trade Agreement (NAFTA) is governed under international law. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: Treaties and trade agreements together constitute one source of international law, law that governs activities between nations.
Date: September 3rd, 2020
QUESTION Which of the following, if true, makes it prudent for Jorge to take Felicia’s advice? A) If Jorge doubles his investment, he will be able to make a down payment on a sports car he really wants to own. B) Jorge wishes he had taken a chance on purchasing a platinum contract last year, […]
Date: September 3rd, 2020
QUESTION Suzanne contends that her landlord, Felipe, needs to replace the nonworking stove in her apartment. Felipe says there is nothing in the lease requiring him to provide a stove to his tenant. Suzanne says that because he provided a stove when she moved in, he is required to maintain it and replace it if […]
Date: September 3rd, 2020
