WEEK 9 QUIZ 1

QUESTION 1

  1. Lawyers often take the role of the incorporator, signing the charter and delivering it to the proper state officials.

     

     

3.5 points   

QUESTION 2

  1. Consumers may keep as a gift any unordered merchandise that they receive in the mail.

     

     

3.5 points   

QUESTION 3

  1. A fundamental problem of the modern corporation is the conflict of interests between managers, shareholders, and stakeholders.

     

     

3.5 points   

QUESTION 4

  1. A manager who first offers an opportunity to disinterested directors or shareholders who turn it down has the right to take advantage of the opportunity herself.

     

     

3.5 points   

QUESTION 5

  1. Company policy of PushOne, Inc. is to block the company name and telephone number on potential customers’ Caller ID systems so they won’t know the call is from a telemarketer. This policy violates FTC rules.

     

     

3.5 points   

QUESTION 6

  1. Under the Truth in Lending Act, a lender must disclose all of the following EXCEPT

    a.
    b.
    c.
    d.

3.5 points   

QUESTION 7

  1. A director violates the corporate opportunity doctrine if he or she competes with the corporation, unless the disinterested directors approve of the director’s actions.

     

     

3.5 points   

QUESTION 8

  1. Suppose Bill’s credit card is stolen and he notifies his credit card company of this fact. Which of the following is true regarding the amount of unauthorized charges made before Bill notified his credit card company?
    a.
    b.
    c.
    d.

3.5 points   

QUESTION 9

  1. The Fair Debt Collection Practices Act prohibits which of the following practices by a debt collector?
    a.
    b.
    c.
    d.

3.5 points   

QUESTION 10

  1. Zach decides to incorporate his business under the name of “Zamm.” In addition to “Zamm,” the Model Act requires that Zach include one of the following words: “corporation,” “incorporated,” “limited,” or “company.”

     

     

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