1 All written contracts that have a set of promises are
 Answer
 Formal
 Valid
 Bilateral
 Executed


 
2 Under Article II of the UCC a seller may not Answer
 Withhold delivery
 Seize the good back on his or her own
 Stop delivery in transit
 Sell the goods


 3 Which of the following best describes the overall scheme of pollution regulation in the                                                                                                                                              United States? 
 
Answer
 Exclusively federal law
 Exclusively state law with minimal federal oversight
 Exclusively state law, but with considerable federal oversight
 Primarily federal law, but considerable state law as well


 4 Which of the following is FALSE regarding federal administrative agencies?

 Answer
 Congress typically delegates to administrative agencies the power to make laws in the form of rules and regulations
 Administrative agencies, such as the Occupational Health and Safety Administration, cannot conduct inspections since an inspection is a "search," which can only be conducted by the police or other law enforcement agency pursuant to a traditional criminal law search warrant
Administrative agencies typically can impose civil fines after a due process hearing in which a person or business is adjudicated to be in violation of an agency rule or regulation
The decisions of administrative agencies can generally be appealed to the traditional court system assuming that procedural requirements for an appeal are met

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