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Business Law Final > RATS 10 through 16 > Flashcards

RATS 10 through 16 Flashcards

(68 cards)

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1
Q

what is the National Environmental Policy Act?

A

basic national charter for protection of the environment

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2
Q

what is common law remedy for kinds of pollution that injure a plaintiff’s property but doesn’t directly intrude on the property?

A

nuisance

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3
Q

how much electronic waste does the Environmental Protection Agency estimate is recycled each year?

A

15-20 %

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4
Q

what has happened to the wetlands since the 18th century?

A

over half have disappeared

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5
Q

which president announced the creation of the Environmental Protection Agency?

A

richard m. nixon

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6
Q

what two major pieces of legislation comprise general national environmental policy?

A

national environmental policy act and endangered species act

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7
Q

what is one limitation that makes common law pollution remedies inadequate?

A

they are remedial only, not preventative

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8
Q

what is a main concern of the environmental protection agency?

A

clean water

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9
Q

Superfund?

A

comprehensive environmental response, compensation and liability act

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10
Q

where does the US rank in relation to corruption in various countries in 2011

A

24th

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11
Q

what comes after physiological needs?

A

safety needs

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12
Q

what was the first major federal law to regulate non-railroad business?

A

sherman antitrust act

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13
Q

who did the sherman antitrust act apply to?

A

all contracts because all contracts are in restraint of trade

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14
Q

who appoints commissioners of the Federal Trade Commission?

A

the president

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15
Q

what is a purpose of antitrust laws?

A

promote competition

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16
Q

what 3 things are illegal under the sherman antitrust act?

A

contracts, combinations, and conspiracies

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17
Q

can criminal penalties be assessed for antitrust violations under the Clayton Act or the FTC Act?

A

only fines and damages are permitted because these acts are civil statutes

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18
Q

what is the US Supreme Court’s definition of monopoly power?

A

power to control prices or exclude competition

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19
Q

what antitrust law makes it illegal for a supplier to sell to chain stores at prices lower than they would sell to small businesses?

A

it violates the prohibition against price discrimination under the Clayton Act as amended by the Robinson-Patman amendment in 1936

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20
Q

When was the Interstate Commerce Act created?

A

1887

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21
Q

what did the interstate commerce act do?

A

regulated business

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22
Q

first efforts at governmental regulation, transformed tort law, employment law, labor law, american business enterprises and american government?

A

railroads

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23
Q

what act passed in 1959 was a response to investigations that revealed unions to be broadly tainted by violence, corruption, and organized crime?

A

Landrum-Griffen Act

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24
Q

when was social security created?

A

1935

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25
What legal tool, starting 1842, was used by employers and granted by the courts when labor disputes threatened?
equitable injunction
26
what act became real cornerstone of american labor law?
the national labor relations act
27
who signed family and medical leave act?
bill clinton
28
what law permits the US President to order a 30-day injunction if a strike by transportation workers imperils national welfare?
the railway labor act
29
when was age discrimination in employment act first enacted?
1967
30
which president championed the cause of equality in job opportunity?
john f. kennedy
31
starting in 2003, what did the FTC adopt as a result of citizens' outrage over telemarketing?
a do not call list
32
consent decree means:
go forth and sin no more
33
the duty of care for child products arises
negligence
34
what rule of law is applied to government regulation of false advertising?
rational basis test
35
what is the National Environmental Policy Act?
basic national charter for protection of the environment
36
what is common law remedy for kinds of pollution that injure a plaintiff's property but doesn't directly intrude on the property?
nuisance
37
how much electronic waste does the Environmental Protection Agency estimate is recycled each year?
15-20 %
38
what has happened to the wetlands since the 18th century?
over half have disappeared
39
which president announced the creation of the Environmental Protection Agency?
richard m. nixon
40
what two major pieces of legislation comprise general national environmental policy?
national environmental policy act and endangered species act
41
what is one limitation that makes common law pollution remedies inadequate?
they are remedial only, not preventative
42
what is a main concern of the environmental protection agency?
clean water
43
Superfund?
comprehensive environmental response, compensation and liability act
44
where does the US rank in relation to corruption in various countries in 2011
24th
45
what comes after physiological needs?
safety needs
46
what was the first major federal law to regulate non-railroad business?
sherman antitrust act
47
who did the sherman antitrust act apply to?
all contracts because all contracts are in restraint of trade
48
who appoints commissioners of the Federal Trade Commission?
the president
49
what is a purpose of antitrust laws?
promote competition
50
what 3 things are illegal under the sherman antitrust act?
contracts, combinations, and conspiracies
51
can criminal penalties be assessed for antitrust violations under the Clayton Act or the FTC Act?
only fines and damages are permitted because these acts are civil statutes
52
what is the US Supreme Court's definition of monopoly power?
power to control prices or exclude competition
53
what antitrust law makes it illegal for a supplier to sell to chain stores at prices lower than they would sell to small businesses?
it violates the prohibition against price discrimination under the Clayton Act as amended by the Robinson-Patman amendment in 1936
54
When was the Interstate Commerce Act created?
1887
55
what did the interstate commerce act do?
regulated business
56
first efforts at governmental regulation, transformed tort law, employment law, labor law, american business enterprises and american government?
railroads
57
what act passed in 1959 was a response to investigations that revealed unions to be broadly tainted by violence, corruption, and organized crime?
Landrum-Griffen Act
58
when was social security created?
1935
59
What legal tool, starting 1842, was used by employers and granted by the courts when labor disputes threatened?
equitable injunction
60
what act became real cornerstone of american labor law?
the national labor relations act
61
who signed family and medical leave act?
bill clinton
62
what law permits the US President to order a 30-day injunction if a strike by transportation workers imperils national welfare?
the railway labor act
63
when was age discrimination in employment act first enacted?
1967
64
which president championed the cause of equality in job opportunity?
john f. kennedy
65
starting in 2003, what did the FTC adopt as a result of citizens' outrage over telemarketing?
a do not call list
66
consent decree means:
go forth and sin no more
67
the duty of care for child products arises
negligence
68
what rule of law is applied to government regulation of false advertising?
rational basis test

Business Law Final (6 decks)

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