Sophia-BUSLAW1001-Milestone-1.pdf

1 21/23  that's 91% RETAKE  21 questions were answered correctly .  2 questions were answered incorrectly . Although shareholders may receive profits from a corporation's business, __________.     they share responsibility for the corporation's debts with the directors and oﬃcers  they are liable for corporate debts if the assets of the corporation are insuﬃcient  they are only liable for the corporation's debts if they are also a member of the board of directors  they are generally not liable for the debts of the corporation UNIT 1 — MILESTONE 1 SCORE 21/23 

CONCEPT  Corporations 2 CONCEPT  The Trial 3 Report an issue with this question A landlord sues a tenant for destruction of property. During the trial, the judge issues instructions to the jury to clarify what facts it must determine to issue a verdict. When in the trial process does this occur? Report an issue with this question Knowledge of the __________ Act minimizes a business's liability exposure when making decisions related to accounting practices.       After the closing arguments  Following jury selection  During cross-examination  Before the opening statements 

CONCEPT  Law in Business 4 Report an issue with this question Select the true statement about primary sources of law in the U.S.      Federal Trade Commission  Civil Rights  Truth in Lending  Sarbanes-Oxley  Substantive laws specify the right of all citizens to due process.  Private law applies to everyone within a lawmaking body's jurisdiction.  Procedural laws must provide for eﬃciency, but not fairness.  Public law is typically only 

CONCEPT  Origins of Law 5 Report an issue with this question A corporation is concerned about their exposure to criminal liability after the most recent election cycle placed a number of new legislators in Congress who campaigned against corporate corruption. Select the strategy that would be least effective in reducing the company's criminal liability.     binding on specific parties.  It could strengthen its code of ethics to reﬂect the current political mood.  It could encourage reporting by establishing internal protections for whistleblowers beyond what is provided by Congressional law.  It could donate to the election campaigns of the new members of Congress to establish goodwill.  It could prioritize ethical leadership when making hiring decisions for management-level positions. 

CONCEPT  Minimizing Corporate Criminal Liability 6 CONCEPT  U.S. Constitution as a Source of Law 7 Report an issue with this question State governments have jurisdiction over __________. Report an issue with this question       individual rights, but not public law  any areas of law not specifically reserved to the federal government  only the areas of law explicitly given to them by the U.S. Constitution  the exact same areas of law as the federal government 

Select the example where the court has established personal jurisdiction over the defendant.   Aisha, a resident of New York, is visited by a process oﬃcer at her workplace in New York City and delivered a summons to appear in court in Maryland. The lawsuit against her relates to property damage that occurred in a home she rented in New Jersey, which is owned by a woman from Maryland.  Miguel is being sued by an acquaintance of his over unpaid debts. Both Miguel and the plaintiff are residents of Colorado. Miguel has not been personally visited by a process server with a summons to appear in court, but he did receive one in the mail at his home.  Frank, an accountant, is suing a client for unpaid bills. The client is located in Mississippi, and Frank lives and works in Virginia. Frank initiates his lawsuit in his home state, because he knows many of the state judges.  Drew is being sued by a man who claims that Drew committed slander by speaking ill of him. Drew lives in Oregon, but the 

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