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LAW 531 UOP Tutorials,LAW 531 UOP Assignments,LAW 531 UOP Entire Class

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2.) Which of the following is true of The Federal Arbitration Act?<br />

It permits an appeal for all arbitration awards.<br />

It provides that arbitration agreements are valid, irrevocable, and enforceable.<br />

It governs all types of alternative dispute resolution.<br />

It applies only to breach of contract disputes.<br />

3.) Which of the following is true of arbitration?<br />

A resolution may or may not be reached.<br />

One party usually drops the case.<br />

Parties can introduce evidence to support their case.<br />

A judicial referee makes recommendations to the parties.<br />

4.) Which form of alternative dispute resolution occurs when the parties choose<br />

an impartial third party to hear and decide their dispute?<br />

Mediation<br />

Conciliation<br />

Arbitration<br />

Minitrial<br />

5.) Which of the following is true of a corporation?<br />

A corporation terminates upon the death of an owner.<br />

Corporation shareholders are subject to unlimited personal liability.<br />

A corporation is a separate legal entity.<br />

Corporation owners are only taxed once on earnings.<br />

6.) The Black Squirrel limited partnership has been in operation for many years,<br />

but has recently fallen on hard times. The partners have decided to dissolve,<br />

although there are few assets remaining in the partnership. Shortly after the<br />

partnership filed its certificate of limited partnership, the partners had the foresight<br />

to incorporate into their partnership agreement a provision that, in the event of<br />

dissolution, the assets would be distributed in payment of claims first to limited

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