Question 27 A business firm may have to comply with the laws of any jurisdiction in which it actively targets customers. True False Question 28 Procedural Law establishes the methods of enforcing the rights established by substantive law.
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- Five (5) practical situations when to apply knowledge in intellectual property, copy right, and fair use guidelines.V. Explain, What are the legal provisions for consumer redressal and dispute resolution mechanisms under the Consumer Protection Act?93. the Department of Financial Services may open an investigation on an individual O Being licensed in multiple lines of authority Holding a nonresident license in another state Engaging in the business of insurance without a license Sharing commissions with a similarly licensed individual COLCHREARE COLX
- 11. 12. 13. Joint and several liability of the co-debtors is applied in_ A) Commercial acts B) Civil acts C) Both commercial and civil acts D) Mixed acts Commerce carried out between individuals or companies in states which are foreign to each other is known as A) Internal Commerce B) E-Commerce C) Business-to-business commerce D) International Commerce Rawad (a merchant) bought a car for his daughter, this activity is considered A) Commercial activity B) Civil activity C) Mixed activity D) Financial activity19) The Elle Corporation manufactures fingernail polish. Suzy buys a container of Elle's fingernail polish, applies it to her nails, and suffers a severe allergic reaction. She sues Elle under the implied warranty of merchantability, The test for determining whether Suzy will recover is whether: A) the nail polish she bought was suitable for the needs of the average consumer. B) the nail polish she bought properly performed its function of coloring one's nails. C) such a reaction in an appreciable number of consumers was reasonably foreseeable. D) the ingredient causing the reaction was foreign to the nail polish or natural to it. nating one model, Bobby notices3. Buster operates Buster's Safe Waste, a company that transports toxic chemicals. Buster's company advertises itself as the safest toxic waste transport in the country. They take precautions are over and above all federal and state safety guidelines. In spite of these added safeguards, one of Buster's drivers is involved in an accident while transporting radioactive waste. Can Buster's Toxic Waste be held liable for injuries and harm caused by the radioactive material spilled in the accident?
- Explain the difference between common law and statutory law. Associate the following laws with either substantive or procedural law and provide an explanation of how you came to this decision: A law that requires public schools to hold a hearing before a student is expelled. A law that establishes a maximum interest rate for credit transactions at 24%. A law that provides employee leave for the birth or adoption of a child for up to 12 weeks. A law that requires the county assessor to send four notices of taxes due and owing before a lien can be filed (attached) to the property.An example of a legal object may be : a) an idea you have for a new business venture B) a 21-year old male person C) all natural and juristic persons D) all the aboveWhich of the following presides over formal agency adjudications at the federal level?An administrative law judgeA federal magistrateA federal district judgeA judicial commissione
- What is the significance of a proxy statement in corporate law?88. when may an agent in Florida write controlled business If writing an amount of similar business equal to or greater than If writing an amount of similar business of at least twice the amount of controlled business If accepting no commissions on the controlled business If not advertising to the general public as an insurance agent