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LST 240 study guide for Exam 5

by: Sydney Hunt

LST 240 study guide for Exam 5 LST 240

Marketplace > Murray State University > Business > LST 240 > LST 240 study guide for Exam 5
Sydney Hunt
GPA 3.48

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About this Document

main topics of chapters 41, 42, 44, 45,47-49, 51
Business Law/Legal Environment
Dr. Alkhatib
Study Guide
business, Law
50 ?




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This 10 page Study Guide was uploaded by Sydney Hunt on Tuesday May 17, 2016. The Study Guide belongs to LST 240 at Murray State University taught by Dr. Alkhatib in Spring 2016. Since its upload, it has received 11 views. For similar materials see Business Law/Legal Environment in Business at Murray State University.


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Date Created: 05/17/16
Chapter 41 1. What is intellectual property (IP)? Infringement? 2. What is a “trade secret”? What are examples of trade secrets? 3. Why would some businesses decide not to file for a patent to protect their IP? 4. What is copyright? 5. Is registration of copyright required to protect from infringement? 6. What is a patent? Who issues patents? 7. What is patentability? Chapter 42 1. Name three examples of unfair labor practices and unfair union practices. 2. A files a claim of discrimination on the basis of race against her employer with the EEOC.  The employer learns of the charge and assigns A to do less desirable tasks and cuts her hours. What additional charge can A levy against her employer?  3. What is the EEOC? What does it do? What kind of role does it have, is it an advocate for the  claimant employee? 4. Name three protected statuses under federal law? Can the states add to the list of protected  statuses? Give an example. 5. What is sexual harassment? What are the two types of sexual harassment? 6. Which doctrine allows, in the absence of a contract, an employee to quit for any reason and  an employer to terminate employment of an employee at any time and for any reason? 7. Give an example of a limitation on the doctrine in # 6? 8. A works in a Ford plant. A injures herself while attempting to place a fender on a Ford  pickup truck. What relief does A have? What is the basis of recovery? Chapter 44 1. What are the legal bases for an accountant’s legal responsibility? 2. What are “working papers? 3. Is there an accountant­client privilege? 4. What does SOX prohibit accounting firms from as to their audit clients? Chapter 45 1. Whose responsibility is it to provide consumer protection­ the state or the federal  government? 2. What is the FTC? What does it do? 3. What is a cease and desist order? 4. What is the Fair Debt Collection Practices Act? What does it prohibit? Chapter 47 1. What does the Foreign Corrupt Practices Act prohibit? 2. What is the difference between a bribe and grease payment? 3. Do American companies have to comply with American anti­discrimination laws when  operating overseas? When are they not required to? Chapter 48 1. What is insurance? 2. What is fire and property insurance? 3. What are the two types of fire? 4. What is a co­insurance clause? 5. What happens when there is a loss and more than one insurance policy? 6. What is the difference between valued policy and open policy? 7. What is insurable interest? 8. What is concealment? Chapter 49 1. What is a landlord? 2. A tenant? 3. A leasehold estate? 4. How is the landlord­tenant relationship seen by the courts, as a conveyance of use of land or  as a contract? 5. What are the tenant’s obligations? 6. What is eviction? 7. What is abandonment? When does the tenant’s obligation to pay rent end? 8. What are the landlord’s obligations? 9. What is quiet enjoyment? 10. What is constructive eviction? 11. What is the implied warranty of habitability? Chapter 51 1. What does it mean to say that someone died “intestate”? 2. What happens to a person’s assets if they die without leaving a will? 3. What is a will? 4. What are the three formal requirements of a will? 5. What is a living will?


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