The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was an attempt to meet the complaints of the business community with regard to the ________
A) increase of unemployment insurance for debtors facing bad times
B) issues related to the Bankruptcy Reform Act of 1978
C) increase in the number of filings for personal bankruptcy
D) allegation that debtors had begun evading payments to creditors
C
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Which of the following statements is true of the FLSA requirements for overtime pay?
A. The overtime rate is one and a half times the employee's hourly rate, excluding any bonuses or piece-rate payments. B. Time worked includes only hours spent on production or sales, but not on activities such as attending required classes, cleaning up the work site, etc. C. Overtime must be paid whether or not the employer specifically asked or expected the employee to work the extra hours. D. Everyone is eligible for overtime pay. E. Most workers paid on an hourly basis are exempt and therefore not subject to the laws governing overtime pay.
The general requirements for a liquidated damages clause to be enforceable are that:
A) The liquidated damages clause applies only to unforeseeable damages. B) Actual damages are difficult to determine and the liquidated damages amount is reasonable. C) The parties have rescinded the contract. D) The breaching party used its best efforts to avoid a breach of the contract. E) Actual damages exceed the amount foreseen by the parties.