When can an arbitration award be set aside?

		If the courts do not like the arbitrator that the parties picked.
		If the parties do not like the outcome of the arbitrator's award.
		If the award resulted from fraud, corruption or the arbitrator misbehaved in a way that prejudiced the rights of the parties.
		If the arbitrator was a lawyer and not a judge.
		If the arbitrator was a judge and not a lawyer.

2 points

QUESTION 12

Whichstatement is true regarding corporations?

		Shareholders may typically be held liable for debts of the corporation.
		A corporation is created according to federal law.
		A corporation may not be sued.
		The corporation must pay taxes on profits, and shareholders must pay taxes on dividends they receive from the corporation.
		A corporation is not a separate legal entity.

2 points

QUESTION 13

A benefit of arbitration is which of the following, according to the text?

		Arbitrators are assigned so parties do not have to pick them.
		Arbitrators are bound by the same rules as judges in applying precedent.
		Arbitration is generally less expensive than litigation.
		Arbitrations can be set aside on appeal for the same reasons as court judgments.
		Arbitrations prohibit the use of legal counsel.

2 points

QUESTION 14

Bruno lives in Maryland and obtained a valid judgment against Jorge. The _______ requires a court in Vermont to uphold a valid judgment obtained in Maryland by Bruno.

		The commerce clause
		The preemption doctrine
		The dormant commerce clause
		The full faith and credit clause
		The privileges and immunites clause

2 points

QUESTION 15

Jill and Joe are in business and designed a new technology in which they received a patent from the U.S. Patent and Trademark Office. Both Jill and Joe are New Mexico residents but spend the summer months in Minnesota. They find out a competitor has violated their patent. In which court would they want to bring a lawsuit?

		Either a state or a federal court
		Either the New Mexico or Minnesota state court
		The Federal District Court
		The New Mexico state court only
		The Minnesota state court only

2 points

QUESTION 16

Which areas of business law would a human resources manager find most relevant?

		Contracts only
		Human resource managers hold administrative positions and are not concerned with areas of business law
		Contracts and labor law, but not employment discrimination
		Contracts, employment and labor law, and employment discrimination
		Employment and labor law, but not contracts

2 points

QUESTION 17

Which of the following is true regarding federal jurisdiction?

		There is no exclusive federal jurisdiction in civil matters.
		If a case falls within federal jurisdiction, it cannot fall within state jurisdiction.
		Some cases fall within both federal jurisdiction and state jurisdiction, but there is no exclusive federal court jurisdiction.
		Some cases fall within both federal jurisdiction and state jurisdiction, but that only occurs in criminal matters.
		Some cases fall within both federal jurisdiction and state jurisdiction, but the federal court system has exclusive jurisdiction over some cases.

2 points

QUESTION 18

In order for a federal court to hear a case involving a federal question, the amount in controversy must be at least _______.

		$100,000
		No amount is needed
		$75,000
		$90,000
		$80,000

2 points

QUESTION 19

Which of the following is an example of the system of checks and balances?

		Congress passes an amendment to overrule judicial rulings.
		Congress declares a law unconstitutional.
		The Supreme Court refuses to approve the presidents appointment of a Cabinet member.
		The President refuses to approve Congress appointment of a federal judge.
		Congress can appoint a federal judge.

2 points

QUESTION 20

Which of the following is true regarding privacy rights?

		The U.S. Constitution specifically provides for a right to privacy within the Sixth Amendment.
		The U.S. Supreme Court has found that U.S. citizens have a right to privacy based upon the U.S. Constitution.
		The U.S. Supreme Court has said that the U.S. Constitution does not provide any right to privacy.
		The U.S. Supreme Court has found that U.S. citizens have a right to privacy based upon the U.S. Constitution, and the U.S. Constitution specifically provides for a right to privacy within the Sixth Amendment.
		The U.S. Constitution specifically provides for a right to privacy within the Second Amendment.