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LES 305 Exam 1 Review ASU, Clark Questions With Answers
The Commerce Clause is found in: 
A. federal statutes 
B. Administrative regulations 
C. the U.S. Constitution 
D. Restatement 2d Torts - ️️C. The U.S. Constitution 
Article 1, Section 8 in the enumerated powers clause 
The first ten amendments to the U.S. 
Constitution are collectively known as the 
________. 
A) Due Process Clause 
B) Free Exercise Clause 
C) Bill of Rights 
D) Articles - ️️C. Bill of Rights 
When the founders wrote the Constitution, they 
limited Congress' power to...
- Exam (elaborations)
- • 8 pages •
The Commerce Clause is found in: 
A. federal statutes 
B. Administrative regulations 
C. the U.S. Constitution 
D. Restatement 2d Torts - ️️C. The U.S. Constitution 
Article 1, Section 8 in the enumerated powers clause 
The first ten amendments to the U.S. 
Constitution are collectively known as the 
________. 
A) Due Process Clause 
B) Free Exercise Clause 
C) Bill of Rights 
D) Articles - ️️C. Bill of Rights 
When the founders wrote the Constitution, they 
limited Congress' power to...
LES 305|93 Final Exam Questions With Answers
20) Shareholders elect: 
 
the Board of Directors. 
 
Executive Committee members. 
 
Officers. 
 
Audit committee members. 
 
A and b only - ️️the Board of Directors. 
 
[Owners of common stock are usually allowed to vote to elect directors, amend corporate documents such as the articles of incorporation and bylaws, and other major corporate matters. The Board appoints corporate officers and the members of the Executive and Audit committees.]
- Exam (elaborations)
- • 32 pages •
20) Shareholders elect: 
 
the Board of Directors. 
 
Executive Committee members. 
 
Officers. 
 
Audit committee members. 
 
A and b only - ️️the Board of Directors. 
 
[Owners of common stock are usually allowed to vote to elect directors, amend corporate documents such as the articles of incorporation and bylaws, and other major corporate matters. The Board appoints corporate officers and the members of the Executive and Audit committees.]
LES 305 -|154 Comprehensive Exam 3 Questions |Well Answered|2025
A(n) _______ agreement gives rights to non-management employees, in addition to managers. - ️️collective bargaining 
Which state does not recognize the common law exceptions of the employment-at-will rule on employees? - ️️Florida 
Whistleblower rewards under Dodd-Frank range from _______% of the recovery which also has a strong anti-retaliation provision that protects the job status of SEC whisteblowers. (Choose two correct answers) - ️️10-30 
Who(m) may be excluded from a prohibiti...
- Exam (elaborations)
- • 22 pages •
A(n) _______ agreement gives rights to non-management employees, in addition to managers. - ️️collective bargaining 
Which state does not recognize the common law exceptions of the employment-at-will rule on employees? - ️️Florida 
Whistleblower rewards under Dodd-Frank range from _______% of the recovery which also has a strong anti-retaliation provision that protects the job status of SEC whisteblowers. (Choose two correct answers) - ️️10-30 
Who(m) may be excluded from a prohibiti...
All Your 112 Exam Questions About LES 305 Correctly Answered
Which of the following examples is an example of a merchant according to the UCC? - ️️A vacuum sales person selling door to door. 
Which of the following examples is an example of a merchant according to the UCC? - ️️A vacuum sales person selling door to door. 
Which of the following is an example of when a person acquires an insurable interest? - ️️Title 
Which of the following is classified as an equitable remedy? - ️️Reformation 
Without genuiness of assent - ️️A promise m...
- Exam (elaborations)
- • 19 pages •
Which of the following examples is an example of a merchant according to the UCC? - ️️A vacuum sales person selling door to door. 
Which of the following examples is an example of a merchant according to the UCC? - ️️A vacuum sales person selling door to door. 
Which of the following is an example of when a person acquires an insurable interest? - ️️Title 
Which of the following is classified as an equitable remedy? - ️️Reformation 
Without genuiness of assent - ️️A promise m...
LES 305 Exam 3 (Contracts)|49 Comprehensive Review Questions With Answers
"$500 reward for the return of my dog, Ebony," is an offer to enter a bilateral contract. - ️️False. This is an offer to enter into a unilateral contract. 
Agreements signed by an employee before the employee begins to work that prevent him working for a competitor are also known as noncompete agreements or covenants not to compete. Are they enforceable? 
 
a. No, because there is no consideration for them to be signed. 
b. No, because they are a restraint of trade. 
c. Yes, they are a...
- Exam (elaborations)
- • 17 pages •
"$500 reward for the return of my dog, Ebony," is an offer to enter a bilateral contract. - ️️False. This is an offer to enter into a unilateral contract. 
Agreements signed by an employee before the employee begins to work that prevent him working for a competitor are also known as noncompete agreements or covenants not to compete. Are they enforceable? 
 
a. No, because there is no consideration for them to be signed. 
b. No, because they are a restraint of trade. 
c. Yes, they are a...
LES 305 FINAL 207 Exam Material Questions With Correct Answers| Grade A+|27 Pages
____ is an umbrella term for the legal property rights related to trade secrets, patents, copyrights, and trademarks. - ️️intellectual property 
____ rights can emerge from the flow of knowledge - ️️intellectual property 
____ such as processes, formulas, methods, procedures, and lists can be valuable assets that allow companies to obtain a competitive advantage - ️️trade secrets 
_____ consists of a body of law that, for the purposes of preventing harm to society, defines what condu...
- Exam (elaborations)
- • 28 pages •
____ is an umbrella term for the legal property rights related to trade secrets, patents, copyrights, and trademarks. - ️️intellectual property 
____ rights can emerge from the flow of knowledge - ️️intellectual property 
____ such as processes, formulas, methods, procedures, and lists can be valuable assets that allow companies to obtain a competitive advantage - ️️trade secrets 
_____ consists of a body of law that, for the purposes of preventing harm to society, defines what condu...
LES 305|163 Most Exam Common Questions With Correct Answers|29 Pages
Which of the following is an example of private law? - ️️Rules and regulations landlords post and put into leases. 
Which of the following is correct? 
a. The rule of law in the case is not precedent. 
b. Dicta is precedent. 
c. Dicta is the discussion of the rule of law 
d. None of the above. - ️️c. Dicta is the discussion of the rule of law 
Which of the following is not a potential consequence of poor ethical choices by company? 
a. loss of reputation 
b. loss of earning power 
c. ad...
- Exam (elaborations)
- • 29 pages •
Which of the following is an example of private law? - ️️Rules and regulations landlords post and put into leases. 
Which of the following is correct? 
a. The rule of law in the case is not precedent. 
b. Dicta is precedent. 
c. Dicta is the discussion of the rule of law 
d. None of the above. - ️️c. Dicta is the discussion of the rule of law 
Which of the following is not a potential consequence of poor ethical choices by company? 
a. loss of reputation 
b. loss of earning power 
c. ad...
66 Questions With Answers on Chapter 5 (ASU - LES 305)
prelitigation - ️️If the legal issues are more complex or the parties are antagonistic toward each other, the _______ discussion will simply act as notice that a party intends to file a lawsuit if an agreement cannot be reached. 
preponderance - ️️After closing arguments in a civil lawsuit, the jury is charged by the judge who informs the jury that the standard of proof in a civil case is a _______ of the evidence. 
Multiple choice question. 
pretrial conference - ️️Generally, a(n) _...
- Exam (elaborations)
- • 10 pages •
prelitigation - ️️If the legal issues are more complex or the parties are antagonistic toward each other, the _______ discussion will simply act as notice that a party intends to file a lawsuit if an agreement cannot be reached. 
preponderance - ️️After closing arguments in a civil lawsuit, the jury is charged by the judge who informs the jury that the standard of proof in a civil case is a _______ of the evidence. 
Multiple choice question. 
pretrial conference - ️️Generally, a(n) _...
LES 305 Exam 2: Koretz 99 Questions And Answers: Understanding Key Concepts |37 Pages
You play football for the Tempe Moons, last year's winners of the Super Bowl. The Tempe Moons are a member of the NFL, a private org. One requirement is that all NFL players, coaches, and other members of the team stand and act in a dignified manner while the national anthem is played before the game game begins. You decide not to stand due to your religion. Other players are members of your religion and they stand. The NFL suspends from further play play due to your failure to stand. You wan...
- Exam (elaborations)
- • 37 pages •
You play football for the Tempe Moons, last year's winners of the Super Bowl. The Tempe Moons are a member of the NFL, a private org. One requirement is that all NFL players, coaches, and other members of the team stand and act in a dignified manner while the national anthem is played before the game game begins. You decide not to stand due to your religion. Other players are members of your religion and they stand. The NFL suspends from further play play due to your failure to stand. You wan...
ASU - Koretz - LES 305 - 154 Exam 2 Frequently Asked Questions With Correct Answers
Best practices when invoking the shopkeeper's privilege include - ️️a. Stopping shoplifters discreetly. 
b. Yelling, "stop thief" when a suspected thief leaves the store. 
c. Not using physical force unless it is in response to the shoplifter's physical force 
d. a and c only.***** 
e. None of the above. 
Bill entered a car race knowing that there was a risk of injury or death from a crash. Bill was seriously injured in a crash. Bill sued the owner of the track alleging negligenc...
- Exam (elaborations)
- • 25 pages •
Best practices when invoking the shopkeeper's privilege include - ️️a. Stopping shoplifters discreetly. 
b. Yelling, "stop thief" when a suspected thief leaves the store. 
c. Not using physical force unless it is in response to the shoplifter's physical force 
d. a and c only.***** 
e. None of the above. 
Bill entered a car race knowing that there was a risk of injury or death from a crash. Bill was seriously injured in a crash. Bill sued the owner of the track alleging negligenc...
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