Master of Laws MCQ Flashcards
7 cards from real LLM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Master of Laws MCQ flashcards as text
In public international law, the principle of 'sovereign immunity' in its restrictive form means:
Answer: States are immune for governmental acts (jure imperii) but not commercial acts (jure gestionis)
The restrictive theory of sovereign immunity distinguishes between governmental acts (immune) and commercial acts (not immune).
Under US antitrust law, a 'per se' rule applies to conduct that is:
Answer: So inherently anticompetitive that it is conclusively presumed illegal without further analysis
Per se rules apply to categories of conduct (like horizontal price-fixing) where the anticompetitive harm is so clear that no case-by-case analysis is needed.
The 'business judgment rule' in US corporate law protects directors when they:
Answer: Make informed decisions in good faith they reasonably believe are in the company's best interest
The business judgment rule creates a presumption that directors acted on an informed basis, in good faith, and in the honest belief that the action was in the company's best interests.
Under TRIPS Agreement Article 27, patent protection must be available for inventions that are:
Answer: New, involve an inventive step, and are capable of industrial application, in all fields of technology
TRIPS Article 27 requires patents to be available for inventions meeting the criteria of novelty, inventive step (non-obviousness), and industrial applicability in all technology fields.
In US bankruptcy law under Chapter 11, the 'absolute priority rule' provides that:
Answer: Junior creditors and equity holders cannot receive value unless senior creditors are paid in full
The absolute priority rule requires that a reorganization plan must pay each class of creditors in full before junior classes receive anything.
A 'change of control' provision in a US merger agreement typically gives the target company's counterparty the right to:
Answer: Terminate or renegotiate contracts upon a change in ownership or management
Change of control provisions protect contract counterparties by allowing them to terminate or modify agreements when ownership of a party materially changes.
In US constitutional law, the dormant Commerce Clause doctrine prevents states from enacting laws that:
Answer: Discriminate against or unduly burden interstate commerce
The dormant Commerce Clause (implied from Article I, §8) prohibits states from discriminating against or unduly burdening interstate commerce.