Question 1811 pts Truth-in-advertising rules include laws that mandate that food

Question

Question 1811 pts

Truth-in-advertising rules include laws that mandate that food products have specific nutritional and product information.

Question 1821 pts

Unlike trademarks and patents, trade secrets ________.

Question 1831 pts

The United States is a federalist system, meaning ________.

Question 1841 pts

The legal framework in which business is conducted is called business law.

Question 1851 pts

A customer was dissatisfied after an experience at a hair salon. She posted extensively about her dissatisfaction on the Internet, making derogatory remarks about the stylist's abilities and the hygiene at the salon. If the hair stylist wanted to sue the customer, under which law could the stylist proceed?

Question 1861 pts

Which of the following people would most likely be in favor of tort reform?

Question 1871 pts

________ form the basis for much personal and business interaction, including when a company hires another company or individual to do work for them or when property is bought and sold.

Question 1881 pts

A copyright is any word, name, symbol, or device (or any combination of these) that is used to identify and distinguish a good.

Question 1891 pts

In 2010, U.S. businesses spent ________ on advertising.

Question 1901 pts

In instances when a contract is not fulfilled, ________ of contract is said to occur.

Explanation / Answer

Ques 1811 pts

True, Truth-in-advertising rules include laws that mandate that food products have specific nutritional and product information.

It states that the advertisements should not be misleading and deceptive making false claims about the product which it does not intend to fulfil. Foods products should have specific nutritional information on them to guide the consumer regarding its contents and uses and not provide any misleading information or make false claims regarding its contents. For example using "fat free" claims on maple syrup might lead the consumers to believe that other syrups or products of other companies contain fat.

Ques 1821 pts

Unlike trademarks and patents, trade secrets are not protected under federal statutes instead they are protected under State laws.

Ques 1831 pts

The United States is a federalist system, meaning that there is government authority at both the national and state levels. Federalism is a compound mode of government wherein there exists a combination of a general or central government with regional government in a single political system. There is a division of powers between the two levels of government of equal status.

Ques 1841 pts

True, The legal framework in which business is conducted is called business law. Business law encompasses all laws which dictate how to form and run a business.

Ques 1851 pts

If the hair stylist wanted to sue the customer, the stylist could proceed under the law of Intentional Tort. An intentional tort is a category of torts that describes a civil wrong resulting from an intentional act on the part of the tortfeasor i.e. the alleged wrongdoer.

Ques 1861 pts

An analyst who feels that the cost of litigation is driving up the cost of insurance would most likely be in favor of Tort Reforms. Tort Reforms are the proposed changes in the civil justice system which shall have the impact of reducing the ability of victims to bring tort litigation or reducing damages the victims can receive.

Ques 1871 pts

Contracts form the basis for much personal and business interaction, including when a company hires another company or individual to do work for them or when property is bought and sold. They lay down the terms and conditions which are relevant in the particular case and are to be followed by both parties.

Ques 1881 pts

False, A copyright is any word, name, symbol, or device (or any combination of these) that is used to identify and distinguish a good. Instead a Trade mark is any name, symbol, word or device that is used to identify and distinguish a good from that of competitors'.

Ques 1891 pts

In 2010, U.S. businesses spent $ 27.9 Billion on advertising.

Ques 1901 pts

In instances when a contract is not fulfilled, Breach of contract is said to occur.

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