Questions from Business Law


Q: What is the function of the SEC?

What is the function of the SEC?

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Q: Why is it illegal to use inside information in making securities transactions

Why is it illegal to use inside information in making securities transactions?

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Q: If there are different ways to interpret statutes and case decisions,

If there are different ways to interpret statutes and case decisions, would it make sense to say that all interpretations of the law are equally appropriate?

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Q: Explain how each branch of the government checks the power of the

Explain how each branch of the government checks the power of the other branches.

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Q: How does the misappropriation theory apply to insider trading?

How does the misappropriation theory apply to insider trading?

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Q: Two affiliates of a hugely successful hedge fund, SAC Capital Advisors

Two affiliates of a hugely successful hedge fund, SAC Capital Advisors, were charged with insider trading by the SEC. CR Intrinsic Investors and Sigma Capital Management apparently relied on expert ne...

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Q: Name five statutes that prohibit discrimination in employment.

Name five statutes that prohibit discrimination in employment.

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Q: Baxter Pharmacy paid its pharmacists a salary but no overtime pay.

Baxter Pharmacy paid its pharmacists a salary but no overtime pay. Under the Fair Labor Standards Act (FLSA), employers must pay employees overtime for hours worked in excess of 40 hours per week. Bax...

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Q: Lisa Harrison (Harrison) was hired by Defendant at Family House

Lisa Harrison (Harrison) was hired by Defendant at Family House of Louisiana (Family House), a long term residential treatment facility for chemically dependent women and their children, on November 2...

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Q: Meadows worked as an assistant manager at a Dollar General store.

Meadows worked as an assistant manager at a Dollar General store. While she was ringing up an order for a customer, he became verbally abusive. After she finished ringing up the sale, the customer thr...

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