Business law: Quiz: LLCs; Securities; Antitrust; Business Regulations

Select all of the following that are per se violations of Section 1 of the Sherman Act

Group boycotts

Division of markets

Price fixing

Under Section 2 of the Sherman Act, having "Monopoly Power" typically means the firm has _______% or more of the relevant product market within the relevant geographic area for that type of business

70

In a manager-managed LLC, the day-to-day management decisions of the company are made by the __________.

Managers

The primary causes of the Stock Market Crash of 1929 included __________.

Market speculation

Trading on margin

Abusive practice by the banks

Which law requires a registration statement (also known as a prospectus) to be filed?

The securities act of 1933

Which of the following are exempt from the filing requirements under the Securities Acts of 1933 and 1934?

Short term notes (less then 270)

Private offerings

Bank securities

Securities from nonprofit

Small offerings made to accredited investors

The Truth in Lending Act

Requires interest rates, finance charges, and other important terms to be clearly shown on the lending contract

The Fair Credit Reporting Act

Ensures that a person's credit score is accurate and up to date; also gives people the right to see their credit scores and credit history

The Equal Credit Opportunity Act

Prohibits discrimination in credit transactions on the basis of sex, marital status, race, national origin, or age

The Fair Debt Collection Act

Prohibits unfair or harassing practices in collecting debts