Question 1911 pts Regulatory bodies like the SEC and the FTC have the power to p

Question

Question 1911 pts

Regulatory bodies like the SEC and the FTC have the power to pass ________ law.

Question 1921 pts

In terms of contract law, consideration means ________.

Question 1931 pts

Statutory law is ________.

Question 1941 pts

Only a firm's administrative personnel are subject to administrative law.

Question 1951 pts

Which of the following is NOT one of the elements of a contract that must be in place for it to be valid?

Question 1961 pts

Which of the following is NOT covered under copyright law?

Question 1971 pts

Recently the Environmental Protection Agency has been focusing its attention on modifying the United States energy policy in response to global warming concerns.

Question 1981 pts

Which of the following is NOT a type of tort?

Question 1991 pts

Which of the following is NOT one of the sources of law?

Question 2001 pts

Truth-in-advertising rules do all of the following EXCEPT

Explanation / Answer

Question 1911 pts

Answer

The correct answer is option C, here's why: The executive and legislative branches of the federal or state government also establish regulatory bodies (such as the Securities and Exchange Commission [SEC], the Federal Trade Commission [FTC], and the Food and Drug Administration [FDA]). These regulatory bodies have the power to pass administrative laws—rules and regulations within their area of authority.

Question 1921 pts

Answer

The correct answer is option B.Consideration can be in kind, cash, or combination of both but there should be some consideration to make a contract valid.

Question 1931 pts

Answer

The correct answer is option B.

Question 1951 pts

Answer

The correct answer is option C. For a contact to be valid it is not necessary it to be formally drafted because a Oral contract is also a valid contract.

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