Question 11 pts

In most states, the testator’s marriage after the execution of a will may affect the distribution of the estate.

True

False

Flag this QuestionQuestion 21 pts

Faye executes a will in which Gail is appointed to administer the will. After Faye dies, Gail lacks the capacity to serve, and a court appoints Holly to handle the probate of Faye’s estate. In this situation, the administrator is

Faye.

Gail.

Holly.

the court.

Flag this QuestionQuestion 31 pts

When a federal agency decides to create a new rule, the agency publishes a notice of the proposed proceedings.

True

False

Flag this QuestionQuestion 41 pts

When a state administrative regulation conflicts with a federal administrative regulation

the federal regulation takes precedence.

the state regulation takes precedence.

the regulations are mutually invalid.

the regulations are equally valid.

Flag this QuestionQuestion 51 pts

The doctrine of sovereign immunity is the principle by which one nation defers to the laws of another.

True

False

Flag this QuestionQuestion 61 pts

Opti Meds Inc., a U.S. firm, signs a contract with Pharma Ltd., a Canadian firm, to give Pharma the right to sell Opti’s products in Canada. This is

a distribution agreement.

indirect exporting.

direct exporting.

licensing.

Flag this QuestionQuestion 71 pts

A firm may have monopoly power even though it is not the only seller in a market.

True

False

Flag this QuestionQuestion 81 pts

Gearbox Inc., a maker of vehicle parts, refuses to sell to Motor Repair Inc., a national vehicle service firm. Gearbox convinces Cam Company, a competitor, to do the same. This is

a group boycott.

a customer restriction.

a trade association.

a market division.