Practice Quiz

DSST Business Law II Exam Prep - Question List

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41. Death or illness, change in law, destruction of subject matter, and apprehension of danger are all bases for:
  1. Demanding performance under a contract.
  2. Changing the terms of a contract.
  3. Declaring performance of a contract impossible.
  4. A, B, and C.
  5. B and C.
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42. Which federal securities law regulates debt securities?
  1. Securities and Exchange Act of 1954
  2. Trust Indenture Act of 1939
  3. Clayton Debt Securities Act of 1943
  4. Investment Company Act of 1940
  5. Investment Advisors Act of 1940
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43. What assets do the Bankruptcy Abuse Prevention and Consumer Protection Act make exempt from bankruptcy forfeiture?
  1. Insurance policies
  2. Real estate
  3. Securities
  4. Personal property
  5. Pension assets
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44. Under common law, in order for a modification of the terms of a contract to be effective, there must be:
  1. Additional consideration.
  2. A new written agreement.
  3. A new oral agreement.
  4. A handshake agreement.
  5. None of the above.
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45. If oil producers decide to restrict output to make a larger profit, there would be:
  1. A monopoly
  2. An oligopoly
  3. A duopoly
  4. A cartel
  5. More competition
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