LAW 531 Final Exam Correct Answers

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discussion, six directors voted in favor of the contract and two voted against it. Ginger voted for the contract. Which of the following is true? a) The contract is valid since it was approved by a majority of a quorum of the board. b) The contract becomes void if the corporation proves that the contract was unfair to it. c) The contract is voidable unless Ginger proves that the contract is fair to the corporation. d) The contract between Ginger and the corporation is illegal and invalid. Download now Entire course LAW 531 Entire Course 11. A limited partnership: a) May not have a corporation as a general partner. b) May be taxed either as a partnership or as a corporation. c) May be created by default. d) Dissolves when a partner dies. 12. A method of alternative dispute resolution in which a neutral third party helps the parties reach a resolution of the dispute by facilitating communication, clarifying areas of agreement, helping see each other’s viewpoints, suggesting settlement options, but who cannot make decisions that bind the parties, is called _______. a) minitrial b) conciliations c) arbitration d) mediation Want to download the Complete Answer..?? Click Final Exam Answer 13. Jacobs put an old typewriter in the trash. The trash collector, Land, took the typewriter, fixed it up, and sold it to Jones for $750. Jacobs contends that he is entitled to some or all of the $750 that Land received from Jones. Based on these facts: a) Jacobs is entitled to recover the typewriter from Jones. b) Land is entitled to keep the full $750 because Jacobs had abandoned the typewriter. c) Jacobs is entitled to the $750 because Land paid Jacobs no consideration for the typewriter.
d) Land is entitled to the value of the improvements he made, but Jacobs is entitled to the difference between the $750 Land received and the value of the improvements Land made. 14. Which of the following is true regarding the principle of separation of powers? a) The President can allow the Supreme Court to overturn very broad delegation of power to administrative agencies. b) The Constitution seeks to ensure that governmental powers remain accountable to the public will. c) Congress is allowed to create an administrative agency only if Congress, rather than the President, will appoint the commissioners or board members of the agency. d) The congressional delegation of legislative power to an agency in its enabling legislation may never be challenged. Want to download the Complete Answer..?? Click LAW 531 Final Exam 15. In which of the following cases does apparent authority arise? a) When a principal causes a third party to believe that the agent is authorized to act in a certain way. b) When a principal’s manifest consent is communicated directly to the agent. c) When an agent reasonably believes that the principal wants him to act in a certain way. d) When a person falsely represents himself as an agent of a principal to a third party. 16. According to the law, crimes are statutory offenses; this essentially means that: a) The prevention of crime should include deterrence and rehabilitation. b) Courts may assess punitive damages in order to punish the wrongdoer. c) It must be proved that the crime is dangerous or detrimental to society. d) A behavior is not a crime unless a state legislature has criminalized it. LAW 531 Entire Courses and Final Exam LAW 531 Week 2 IRAC Brief 17. Ted is the president of Soprano Corporation (SC). Ted decided to have SC manufacture large, gas-guzzling SUV automobiles just before gasoline prices rose dramatically. As a result, SC lost billions of dollars. The shareholders of SC want to sue Ted for this bad decision that cost them billions. However, Ted had made a reasonable investigation
Page 1 and 2: LAW 531 FINAL EXAM (LATEST) 1. Ann
Page 3: 6. _________ is the plaintiff’s v
Page 7 and 8: 21. Which of the following is true
Page 9 and 10: a) creditors of the company b) merg

LAW 531 Final Exam Correct Answers

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