Reference no: EM13472371

1. A minor can be obligated to pay the reasonable value for the purchase contract of which of the following?
2. Which of the following actions taken by a company with monopoly power would give rise to a cause of action for monopolization or attempt to monopolize?
3. The Sarbanes-Oxley Act requires the chief executive officer and the chief financial officer of a public company to personally certify that the financial reports of the company do not contain any false or materially misleading statements as to the operation and financial condition of the company. A violation of the act can result in which of the following penalties?
4. Which of the following is true of a Limited Liability Company (LLC)?
5. What legal article or theory allows a teacher in a public school to use the copyrighted materials of another person without that creator's permission?
6. Which of the following is true of an arbitration clause?
7. A sales contract has been breached whereby only 75% of the money has been received for the delivered goods because that is what he believes the fair value to be. The party subject to the breach wants to collect the remainder of the money owed. What is the best legal course of action for him to pursue?
8. Bartie's, Inc. sells watercolors and pastels that are marketed as safe for use by children. However, several accounts of lead poisoning were reported in children who used the products. An investigation revealed that the company was knowingly manufacturing colors that contained toxic amounts of the heavy metal. Which of the following torts has Bartie's, Inc. committed?
9. A(n) ________ is a clause that can be included in the articles of incorporation that permits the corporation to engage in any activity permitted by law.
10. Armex, a large power plant, has been in the news for a potential defect in the construction of its inner chambers that caused radioactive fumes to escape from the plant to the surrounding areas. This has endangered the lives of the employees at the plant and those staying in nearby areas. What entity is likely to take up this safety violation for corrective action, such as closure of the plant?