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1. Which of the following statements about civil actions in most jurisdictions is CORRECT?
A) The plaintiff's complaint must typically contain a copy of all documents that might be relevant to the case.
B) The plaintiff's complaint does not need to state the grounds for legal relief.
C) All of the above are correct.
D) Civil actions begin with the filing of a pleading, usually in the jurisdiction where the defendant resides or where the claim originated.
2. Which of the following is the MOST ACCURATE statement about rules prohibiting securities broker-dealers from making unsuitable recommendations on investments or investment strategies?
A) A suitability violation occurs when a broker trades in a client's account without obtaining prior approval for making the transaction(s).
B) A suitability violation occurs when a broker enters into transactions and manages a client's account for the purpose of generating excessive commissions
C) A suitability violation occurs when a broker recommends an investment or investment strategy that is inconsistent with the client's objectives
D) A suitability violation occurs when a broker does not carry out a trade requested by or promised to a customer
3. At the end of a civil proceeding, the court finds the defendant, a company, liable and orders it to pay a large sum of money to compensate for the plaintiffs losses. Which of the following BEST describes this type of remedy?
A) Injunction
B) Equitable relief
C) Declaratory relief
D) Carnages
4. Raj is an employee who works in a jurisdiction that prohibits unreasonable workplace searches and surveillance in areas or items where employees have a reasonable expectation of privacy. In which of the following is Raj MOST LIKELY to have a reasonable expectation of privacy?
A) A filing cabinet in the office lobby
B) A backpack brought from home
C) A waste bin m the employee's office
D) A company-issued tablet computer
5. Ellis works for a business that filed for bankruptcy. The administrator presiding over the bankruptcy contacts Ellis and requests information regarding his employer's financial affairs Assuming the administrator has all of the powers recommended in the World Bank Principles for Effective Insolvency and Creditor/Debtor Regimes (World Bank Principles) which of the following is TRUE?
A) The administrator may only seek information regarding the bus ness that filed bankruptcy if Ellis consents to providing it.
B) The administrator may compel Ellis to provide the information despite Ellis's relationship to the business
C) The administrator may not obtain the information unless the business agrees in writing
D) The administrator has no power to obtain the information under any circumstances
Solutions:
Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: B |
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