The directors of a corporation are the principal of the


1. The separation of powers is:

a. the division in government powers as established by the Constitution

b. the division of power within state legislatures

c. the division of the power of the president and the power of the vice president

d. the division of executive privileges

e. the law of the land

2. In the American court system:

a. all of the three specific choices are correct

b. federal court precedents must be followed by state courts

c. state supreme court decisions may not be appealed to the U.S. Supreme Court

d. there is a federal system and a similar system of trial and appeals courts in each state

e. none of the three specific choices are correct

3. The Uniform Arbitration Act has been adopted by most states to encourage the use of arbitration.

True

False

4. In the law of many states, which of the following is true regarding non-compete agreements signed by employees?

If it effectively requires employees not to work for anyone else within an extensive and broad region it will still be enforced.

If employees are unable to work for anyone else for a period of 10 years, it will likely be enforced.

If the agreement effectively puts former employees out of the cleaning business within an extensive region and hence are too broad it will not be enforced.

All of the above.

None of the above.

5. The directors of a corporation are the principal of the corporation.

True

False

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