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<strong>Strayer</strong> <strong>LEG</strong> <strong>100</strong> <strong>Week</strong> <strong>11</strong> <strong>Final</strong> <strong>Exam</strong><br />
<strong>Answers</strong> (<strong>2018</strong>)<br />
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<strong>Strayer</strong> <strong>LEG</strong> <strong>100</strong> <strong>Week</strong> <strong>11</strong> <strong>Final</strong> <strong>Exam</strong> <strong>Answers</strong> (<strong>2018</strong>)<br />
1. Corporations have perpetual existence.<br />
2. The advantage to an S corporation is<br />
3. All the business forms listed below have limited liability EXCEPT the<br />
4. A bailment was created for the parties' mutual benefit. This means that the bailee must use ordinary<br />
care with the property.<br />
5. While shopping at the mall, Everett's wallet fell out of his pocket. Jon found the wallet. The wallet is<br />
abandoned property and Jon may keep it.<br />
6. In Chapter <strong>11</strong> bankruptcy only the debtor may propose plans of reorganization.<br />
7. Under all chapters of the Bankruptcy Code, most of the debtor’s assets are distributed to creditors and<br />
the debtor has no obligation to share future earnings with creditors.<br />
8. Which of the following is a primary goal of the Bankruptcy Code?<br />
9. The Trademark Law Treaty made it more difficult to apply for trademarks around the world.<br />
10. The Supreme Court has held that parody of copyrighted material is a violation of copyright law.<br />
<strong>11</strong>. A proxy is a vote that is mailed in, like an absentee ballot.<br />
12. A corporation must have a registered agent within the state of incorporation only if the corporation<br />
maintains an office in that state.<br />
13. When a corporation accepts legal responsibility for a contract, it is called novation.<br />
14. The landlord's duty to provide quiet enjoyment of the premises and the landlord's duty to deliver and<br />
maintain the premises in a habitable condition are one and the same.<br />
15. Tom rented an apartment from Margaret on a month-to-month basis, with rent due on the first of the<br />
month. This type of tenancy is known as a "tenancy at will."<br />
16. The Federal Trade Commission Act considers the terms “deceptive” and “unfair” to be synonymous<br />
when determining what practices should be prohibited.<br />
17. Electronic payments via a telephone, computer, or wire transfers are not regulated by the government.<br />
18. The Fair Debt Collection Practices Act prohibits which of the following practices?<br />
19. An Environmental Impact Statement must be prepared for every major federal action that significantly<br />
affects the quality of the environment.<br />
20. Which agency establishes rules for treating both hazardous and nonhazardous forms of solid waste?
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