Francis opened a store. She knows that customers who come to the store may be injured on the premises and hold her responsible for their injuries. Under common law, business customers in the store Francis opened are considered A) aliens. B) licensees. C) trespassers. D) invitees. ANSWER Answer: D
Date: September 19th, 2020
Venture capitalists typically provide funds to high-risk startup companies but take no active role in their management. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
All of the following are categories of torts EXCEPT A) intentional torts. B) breach of contract. C) strict liability. D) negligence. ANSWER Answer: B
Date: September 19th, 2020
Alternative techniques for resolving legal disputes without litigation include which of the following? I. Arbitration II. Mediation A) I only B) II only C) both I and II D) neither I nor II ANSWER Answer: C
Date: September 19th, 2020
Which of the following goals of the firm are synonymous (equivalent) to the maximization of shareholder wealth? A) maximization of the total market value of the firm’s common stock B) profit maximization C) risk minimization D) none of the above ANSWER A
Date: September 19th, 2020
Seasoned secondary offerings occur in the secondary market. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
Shareholder wealth maximization means A) maximizing dividends per share. B) maximizing stockholders equity. C) maximizing earnings per share. D) maximizing the price of existing common stock. ANSWER D
Date: September 19th, 2020
Louise was in a hurry and tried to cross the street in the middle of the block rather than at a street corner. A car struck her. Even though Louise placed herself in danger, she may still be able to collect for her injuries if the driver had an opportunity to avoid hitting her but […]
Date: September 19th, 2020
All of the following are examples of tort reform proposals EXCEPT A) modifying the collateral source rule. B) eliminating caps on noneconomic damages. C) regulation of attorney fees. D) imposing penalties to deter frivolous lawsuits. ANSWER Answer: B
Date: September 19th, 2020
Bruce believes a local manufacturer is responsible for contaminating some land he owns. He filed suit against the company. Rather than have the case go to court, the manufacturing company’s legal team suggested mediation or arbitration to settle the case. Methods that are employed to resolve legal disputes without litigation, such as mediation, are called […]
Date: September 19th, 2020
