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WorksheetsBusiness Regulations
Total questions: 23
Worksheet time: 12mins
On attaining majority an agreement with a minor is
cannot be ratified
valid
voidable
can be ratified
The federal government's power to regulate business among the states comes from the
Commerce Clause
Antitrust Act
Sherman Anti-trust
Oil Pollution Act
The independent Agency that administers federal securities laws is the
Securities Exchange Commission
Federal Trade Commission
Sherman Antitrust Act
Commerce Clause
The ________________ Act made monopolies illegal.
Sarbanes-Oxley Act
Federal Trade Commission
Sherman Antitrust
Oil Pollution Act
Three of the following partnership contracts are void. Which one is not?
A. Universal partnership of all present property between husband and wife
B. A universal partnership of profits between a man and a woman living together as husband and wife without the benefit of marriage
C. A particular partnership between husband and wife.
D. A universal partnership of profits between a private individual and a public officer
A limited partner may contribute:
A. Money and/or property.
B. Money and/or services.
C. Property and/or services.
D. Services only
A limited partner may contribute:
A. Money and/or property.
B. Money and/or services.
C. Property and/or services.
D. Services only
An article of universal partnership entered into without specification of its nature is presumed to constitute only a universal partnership of all profits
A. TRUE
B. FALSE
The partnership has the required minimum capital but the contract is not a public instrument or the same is not recorded with the SEC, there being no immovable property contributed, the partnership is:
A. void
B. voidable
C. considered as having a juridical personality
D. still valid
Which of the following is not correct
A. Persons who are prohibited from giving each other any donation or advantage cannot enter into universal partnership
B. A particular partnership has for its object determinate things, their use or fruits, or a specific undertaking or the exercise of a profession or vocation
C. Articles of universal partnership entered into without specifications of its nature, only constitutes a universal partnership of profits
D. A partnership begins from the moment of the execution of the articles of partnership, unless it is otherwise stipulated
When an unlawful partnership is dissolved, the profits and the contributions of the partners will be confiscated in favor of the state.
TRUE
FALSE
A and B entered into a universal partnership of all present property. The common property of the partnership shall be:
A. All the properties which belonged to each of the partners at the time of the constitution of the partnership
B. All the properties which belonged to each of the partners after the constitution of the partnership
C. All the properties which belonged to each of the partners at the time of the constitution of the partnership as well as the profits which they may acquire thereafter
D. All the properties which belonged to each of the partners at the time of the constitution of the partnership as well as the profits which they may acquire therewith.
Which of the following is a characteristic of partnership as a contract?
A. Gratuitous
B. Preparatory
C. Innominate
D. Formal
The federal government's power to regulate business among the states comes from the
Commerce Clause
Antitrust Act
Sherman Anti-trust
Oil Pollution Act
The independent Agency that administers federal securities laws is the
Securities Exchange Commission
Federal Trade Commission
Sherman Antitrust Act
Commerce Clause
The ________________ Act made monopolies illegal.
Sarbanes-Oxley Act
Federal Trade Commission
Sherman Antitrust
Oil Pollution Act
The Clean Water Act set guidelines for dealing with businesses that dump pollutants into the nation's waterways.
True
False
The World Trade Organization is the United Nations agency that regulates international trade.
True
False
The general description of the securities and the company making the offer is the __________________.
prospectus
registration statement
business agreement
security
The International Energy Agency is currently working on the development of
new recycling systems.
national air and water quality standards
interstate transportation systems for gas and oil
alternate forms of energy
Which of the following organizations does NOT regulate business between countries?
The International Law Commission
The U.N. Commission on International Trade Law
The World Trade Organization
The Federal Trade Commission
The SEC was created in the early 1990s to prevent insider trading and other fraudulent activities.
True
False
The Kyoto Protocol for reducing greenhouse gases
originated in Japan in the early 1900s
also focus on nuclear energy waste
have not been passed into law by the U. S.
were created at a meeting of the FERC
