Section ________ of the Clayton Act prohibits an individual from becoming a director in two or more corporations if any of them has capital, surplus, and individual profits aggregating more than $21,327,000 or competitive sales of $2,132,000 when

engaged in interstate commerce.
A) 2
B) 8
C) 3
D) 7

B

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George Burton owned two lots, A and B. Lot A he owned as tenants in common with his wife, Agnes, and Lot B they owned in joint tenancy. George signed an instrument allowing his son, Edward, to use Lot A for the rest of his (Edward's) life

George left his interest in Lot B to his other son, Cedric, in his will. Which of the following is TRUE? A) Edward has a life estate and George and Agnes the remainder of the fee simple in Lot A. B) If George dies before Agnes, Agnes will become the sole owner of Lot B. C) If George dies before Agnes, Agnes and Cedric will become tenants in common of Lot B. D) both A and B E) both A and C

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Which of the following is correct about the World Trade Organization (WTO)?

A) Only a few nations have a representative on the WTO dispute settlement body. B) The WTO adopted a judicial-based dispute resolution system to replace the politically oriented system in place previously. C) China has not been admitted to the WTO. D) Parties to a dispute have a veto power over any decision reached by the WTO. E) The WTO was created in the 1940s.

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