1. Ken owns a small convenience store in a street corner in California. One afternoon, a teenage boy enters his store, looks around, and prepares to walk out without buying anything. Ken is wary of the boy because of the boy’s shabby clothing. He stops and asks the boy to empty his pockets and then questions him for about five minutes. After finding that the boy does not have anything from the store on him, Ken reluctantly lets him go. Which of the following is a merchant protection statute that Ken has violated?
Adverse possession
Adequate assurance of performance
Reasonable duration of detention
Reasonable grounds for suspicion
2. When can an arbitrator’s decision and award be appealed to the courts?
When an arbitration is binding
When an arbitration is nonbinding
While drafting a submission agreement
While entering a negotiation
3. Which of the following applies to trade restraints that are inherently anticompetitive?
The rule of four
The rule of reason
The pro rata rule
The per se rule