Business Law

22 Key 1. The Clayton Act expressly grants employees the protected right to join a…

21 Key 1. States may set minimum wage amounts that are lower, not higher, than…

20 Key 1. The affirmative act of hiring for a discriminatory reason is illegal. Answer:…

19 Key 1. The U.S. federal government is the largest landholder in the country, controlling…

18 Key 1. Use and transfer of personal property by individuals in the U.S. is…

17 Key 1. A person cannot be considered an insider unless he/she owns at least…

16 Key 1. A trust is a fiduciary relationship in which the trustee holds equitable…

15 Key 1. The Commerce Clause gives rise to the federal government's power to regulate…

14 Key 1. The three basic forms of business organizations are limited partnerships, S corporations,…

13 Key 1. The classification of crime is based on the punishment imposed in the…

12 Key 1. The conduct that violates the The anti bribery provisions of the FCPA…

11 Key 1. The justification for intellectual property is the same as for the private…

10 Key 1. A tort is any civil wrong other than a breach of contract.…

09 Key 1. When only one of the parties drafts (writes) a contract, courts will…

08 Key 1. Contracts are legally enforceable promises. Answer: True Simply stated, a contract is…

07 Key 1. Upon the death of a joint tenant, his interest automatically transfers to…

06 Key 1. The separation of powers between levels of government is known as federalism.…

05 Key 1. Litigation is the quickest method of dispute resolution. Answer: False The litigation…

04 Key 1. The person against whom a criminal charge is filed by the prosecution…

03 Key 1. The members of the U.S. Supreme Court are called magistrates. Answer: False…