1. Carleton invents a retractable extension cord. She files for a patent and stamps the words patent pending on each extension cord she plans to sell.

   1.

   The words patent pending legally protect the extension cord against being reproduced or copied by another individual or a corporation.

   2.

   The extension cord is not yet legally protected by a patent.

   3.

   Any individual or corporation who makes, uses, or sells copies of the extension cord without authorization to do so will be guilty of patent infringement.

   4.

   none of the above

1 points   

QUESTION 15

1. Right to work laws are

   1.

   state laws that prohibit labor-management agreements requiring union membership as a condition of getting or keeping a job.

   2.

   federal laws that prohibit employees in the public sector from striking.

   3.

   federal laws that prohibit labor-management agreements requiring union membership as a condition of getting or keeping a job.

   4.

   state laws that prohibit employers from negotiating with employee representatives over grievance procedures and seniority systems.

1 points   

QUESTION 16

1. The after acquired evidence defense is sometimes available for employers who have discovered evidence that

   1.

   would have allowed them to discharge an employee even if the wrongful discharge claim was true.

   2.

   would have allowed the employee to exercise the remedy of specific promulgation.

   3.

   would have allowed the employee to call upon the collective bargaining grievance procedure guaranteed by Congress under provisions of the After Acquired Evidence Act of 1994.

   4.

   would have allowed the employer to rehire the employee after a negotiated settlement.

1 points   

QUESTION 17

1. If the members of a limited liability company choose to run the LLC on their own, the members of the LLC are considered agents of the LLC. This means that, whenever a member performs a function within that member’s apparent authority,

   1.

   the LLC will be bound by that action.

   2.

   only the member designated in the articles of organization as the CEO will be bound by that action.

   3.

   only that member will be bound by that action.

   4.

   only the member with the greatest financial interest in the LLC will be bound by that action.

1 points   

QUESTION 18

1. When a company agrees to stop violating the FTC Act without admitting wrong, the court issues a

   1.

   consent order.

   2.

   dunning letter.

   3.

   stipulation.

   4.

   default decree.

   QUESTION 22

   1. Husband dies intestate and is survived by Wife, two children of a prior marriage, and two children of the marriage to Wife.  Under the Texas Probate Code, Husband’s one-half interest in the community property owned by Husband and Wife passes to:

      1.

      The two children of Husband’s prior marriage, to be divided equally between them

      2.

      Wife

      3.

      The two children of the marriage to Wife, to be divided equally between them.

      4.

      The two children of the marriage to Wife and the two children of Husband’s prior marriage, to be divided equally among all of them.

      1. Grant deeded his property to Botts for Botts’s life. The terms in the deed stated that the property would pass to Grant’s son at the expiration of the life estate.

         1.

         Grant’s son has dower to the estate.

         2.

         The future interest is a remainder estate.

         3.

         The future interest is a reversion estate.

         4.

         Botts will own a leasehold estate.

      1 points   

      QUESTION 26

      1. The type of tenancy that arises when a tenant wrongfully remains in possession of the premises after expiration of the tenancy is called a

         1.

         tenancy at will.

         2.

         periodic tenancy.

         3.

         tenancy for years.

         4.

         tenancy at sufferance

      1 points   

      QUESTION 27

      1. The Crown Corporation offers to buy the voting stock of the L & N Corporation, with the intention of acquiring L & N and changing its management. To avoid being taken over by Crown, L & N asks the Spendle Corporation to outbid Crown. In this situation,

         1.

         L & N is a friendly suitor, Crown is a hostile bidder, and Spendle is the target.

         2.

         L & N is a hostile bidder, Crown is the target, and Spendle is a white knight.

         3.

         L & N is the target, Crown is a friendly suitor, and Spendle is a hostile bidder.

         4.

         L & N is the target, Crown is a hostile bidder, and Spendle is a white knight.

      1 points   

      QUESTION 28

      1. Which of the following powers is not granted to the President in Article II of the Constitution?

         1.

         The President is the Commander-in-Chief of the army

         2.

         The President has executive power.

         3.

         The President appoints judges to the highest federal court

         4.

         The President engages in judicial review.

      1 points   

      1. Grant deeded his property to Botts for Botts’s life. The terms in the deed stated that the property would pass to Grant’s son at the expiration of the life estate.

         1.

         Grant’s son has dower to the estate.

         2.

         The future interest is a remainder estate.

         3.

         The future interest is a reversion estate.

         4.

         Botts will own a leasehold estate.

      1 points   

      QUESTION 26

      1. The type of tenancy that arises when a tenant wrongfully remains in possession of the premises after expiration of the tenancy is called a

         1.

         tenancy at will.

         2.

         periodic tenancy.

         3.

         tenancy for years.

         4.

         tenancy at sufferance

      1 points   

      QUESTION 27

      1. The Crown Corporation offers to buy the voting stock of the L & N Corporation, with the intention of acquiring L & N and changing its management. To avoid being taken over by Crown, L & N asks the Spendle Corporation to outbid Crown. In this situation,

         1.

         L & N is a friendly suitor, Crown is a hostile bidder, and Spendle is the target.

         2.

         L & N is a hostile bidder, Crown is the target, and Spendle is a white knight.

         3.

         L & N is the target, Crown is a friendly suitor, and Spendle is a hostile bidder.

         4.

         L & N is the target, Crown is a hostile bidder, and Spendle is a white knight.

      1 points   

      QUESTION 28

      1. Which of the following powers is not granted to the President in Article II of the Constitution?

         1.

         The President is the Commander-in-Chief of the army

         2.

         The President has executive power.

         3.

         The President appoints judges to the highest federal court

         4.

         The President engages in judicial review.

      1 points   

      QUESTION 29

      1. Sales of consumer goods or services over $25 made away from the seller’s regular place of business

         1.

         may usually not be canceled.

         2.

         may be canceled within three business days after the sale occurs.

         3.

         may be canceled within five business days after the sale occurs.

         4.

         none of the above.

      1 points   

      1 points