Claw 301 Commercial Law Study Guide

Indicate the answer choice that best completes the statement or answers the question.126. Statistics, Inc., is a corporation engaged in the business of compiling, analyzing, and marketing data. To accomplish its purposes, Statistics obtains financing, and hires and fires employees. Laws and government regulations affect such business activities as a. hiring and firing decisions. b. the manufacturing and marketing of products. c. business financing. d. all of the choices.127. SPF Sunscreen Corporation and Taylor agree to resolve their dispute through arbitration. The arbitrators decision is called a. a conclusion of law. b. a finding of fact. c. an award. d. a verdict.128. Oklahoma enacts a law requiring all businesses in the state to donate 10 percent of their profits to Protestant churches that provide certain services to persons whose income is below the poverty level. Price-Lo Stores files a suit to block the laws enforcement. The court would likely hold that this law violates a. no clause in the U.S. Constitution. b. the establishment clause . c. the free exercise clause. d. the supremacy clause.129. Ballpark Sportsfield, Inc., files a suit against Concessions & Tailgate Services. The document that informs Concessions & Tailgate that it must file an answer within