Question

48. _______________________ are antitrust laws designed to combat the problem of monopolization.

a) consent orders

b) structural-offense laws

c) rules of reason

d) horizontal restraints

50. The EPA has published a new proposed rule that could have a significant economic impact on small businesses. Does the EPA have any obligation with regard to the impact on small businesses?

a) The EPA must analyze and take small business concerns into consideration and provide small businesses the opportunity to participate in the rulemaking.

b) The EPA must provide small businesses the opportunity to participate in the rulemaking, but has no other obligations with regard to small businesses.

c) The EPA has no obligation to treat small businesses any differently than other businesses.

d) Rulemaking does not apply to small businesses.

59. If a piece of land has long-term contamination, what is the EPA required to do first under the Superfund?

a) allocate liability for containment

b) determine whether the site should be placed on the national priorities list

c) determine the best way to decontaminate the site

d) assess the toxicity of the site

63. Which of the following unsecured creditors has first priority?

a) an ex-spouse who is due alimony

b) unpaid employees

c) the court, for its costs

d) general creditors

Answer 1

48-C. Rules of reason as The rule of reason is a legal doctrine used to interpret the Sherman Antitrust Act, one of the cornerstones of United States antitrust law.

50-C. The EPA has no obligation to treat small businesses any differently than other businesses. As it isa new rule that critics say could seriously impact landowners in the U.S., including small businesses.

59-D. SS the toxicity of the site. As it is a Superfund cleanup starts when anyone discovers or reports a waste site or the possible release of hazardous materials. EPA compiles a database of potential hazardous substance release sites.

63-D. General creditors as Unsecured priority creditors have firstclaim over any assets in a bankruptcy over general unsecured creditors. In the U.S., the order of creditor and contributory ranking on a debtor's insolvency is as follows: Secured claims. Administrative expenses and priority claims.