In New York V

question 277

Multiple Choice

In New York v. Burger, a junkyard owner claimed that a New York statute permitting warrantless searches of junkyards was a violation of the 4th Amendment. The Supreme Court held that the statute was:

• A) constitutional because it met the criteria necessary for a warrantless search of a closely regulated business
• B) constitutional because to hold otherwise would leave the Commerce Clause meaningless when regulation is "clearly necessary"
• C) an unconstitutional violation of the Fourth Amendment since the police failed to obtain judicial approval for the searches
• D) an unconstitutional violation of the exclusionary rule
• E) unconstitutional because it was applied in a discriminatory manner

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Definitions:

Fair Value

A financial accounting term referring to the estimated market value of an asset, liability, or company.

Par Value

The nominal or face value of a bond, stock, or other financial instrument, originally intended to be the minimum price at which the securities could be sold.

Consolidated Cash

The total amount of cash held by a parent company and its subsidiaries, presented as a single figure in consolidated financial statements.

Acquisition Transaction

A deal or arrangement in which one company purchases another company or its assets.