Part 1

Question 1

When a court is the only place to go that is known as…
a) Exclusive jurisdiction
b) Mandatory jurisdiction
c) Concurrent jurisdiction
d) Appellate jurisdiction

Answer 1

A) Exclusive jurisdiction

Question 2

Laws enacted by the state legislature are generally referred to as…
a) Statutory Law
b) Precedents
c) Regulations
d) Directives

Answer 2

A) Statutory Law

Question 3

Administrative Laws include the rules of a …
a) company board of directors
b) state legislature
c) governments agency
d) federal court

Answer 3

C) Government agency

Question 4

Common law rules develop from…
a) the rulings of administrative agencies
b) statues enacted by legislatures
c) international treaties and agreements
d) court decision and precedents

Answer 4

D) court decisions and precedents

Question 5

In a civil case, the objective is to…
a) determine the guilt or innocence of the defendant
b) punish the defendant for a crime committed
c) protect society from dangerous individuals
d) attain a remedy for an injured party

Answer 5

D) attain a remedy for an injured party

Question 6

Challenging a congressional enactment before the court by which the court decides its constitutionality is known as…
a) Executive oversight
b) legislative supervision
c) administrative inspection
d) judicial review

Answer 6

D) judicial review

Question 7

When one party wants to file a suit against the other must have jurisdiction over both the
a) parties and subject matter
b) judge and jury
c) witnesses and evidence
d) attorneys and legal system

Answer 7

A) parties and subject matter

Question 8

For a state court to hear a case that was out of state/foreign, there must be…
a) personal jurisdiction over the parties involved in the case
b) territorial jurisdiction over the location where the case occurred
c) criminal jurisdiction over the conduct in the question

Answer 8

A) a personal jurisdiction over the parties involved in the case

Question 9

What is the basis of federal jurisdiction?
a) diversity of citizenship
b) state laws and regulations
c) international treaties and agreements
d) common law principles

Answer 9

A) diversity of citizenship

Question 10

If a Montana legislature violates the Constitution, it is enforceable by…
a) no one
b) the state legislature
c) the state court
d) the federal government

Answer 10

no one

Question 11

Every agreement concerned with trade and every regulation of trade restraints the test of legality under the antitrust laws, according to the rule of reason, is whether the restraint…
a) merely regulates and thereby promotes competition
b) has a substantial effect on interstate commerce
c) suppresses or destroys competition
d) is blatantly, inherently anti-competitive.

Answer 11

A) merely regulates and thereby promotes competition

Question 12

Power Inc. and QuaiGas Corporation refine and sell natural gas. To limit the supply on the market and thereby raise prices, Power and QuaiGas agree to buy “excess” supplies from dealers and “dispose” of it. This is:
a) a deal that neither restrains trade or harms competition
b) not within the scope of the Sherman Act
c) a per se violation of the Sherman Act

Answer 12

c) a per se violation of the Sherman Act

Question 13

Online Media Inc. bundles its products so that consumers are forced to pay for access to some sites that they do not want in order to obtain access to sites that they do want. A court will likely rule that the bundling does not violate the rule of reason if it…
a) does not injure competition
b) is fully within the firms’ ability to achieve
c) is the most restrictive means for the firm to achieve its purpose
d) suppresses or destroys competition

Answer 13

a) does not injure competition

Question 14

Fish Purveyors Corporation and Gill Netters Inc. are the principal suppliers of crustaceans in their market. They agree that Fish Purveyors will sell exclusively to retailers and Gill Netters will sell exclusively to wholesalers. This is most likely…
a) s situation that neither restrains trade nor harms competition
b) a per se violation of antitrust law
c) subject to analysis under the rule of reason
d) not within the scope of the Sherman Act

Answer 14

b) a per se violation of antitrust

Question 15

Mountain Crest Inc. makes and distributes its branded products to authorized dealers. To prevent price-cutting by dealers in direct competition, the firm imposes limits on where each dealer can sell the products. This is…
a) a territorial restriction
b) a trade association
c) smart marketing
d) a price-fixing agreement

Answer 15

a) a territorial restriction

Question 16

Cosmetique Inc. makes and sells cosmetics and related products. By selling its goods at prices substantially below the normal cost of production, the firm hopes to drive its competitors from the market. This is…
a) marketing power pricing
b) predatory pricing
c) pice discrimination
d) price-fixing

Answer 16

b) predatory pricing