In New York V

question 366

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 to hold otherwise would leave the Commerce Clause meaningless when regulation is "clearly necessary"
• B) constitutional because it met the criteria necessary for a warrantless search of a closely regulated business
• 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) none of the other choices

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Definitions:

Shareholder Wealth

The overall value of an individual's or entity's shares in a company, often measured by stock prices and dividends.

Share Repurchase Agreements

Contracts in which a company agrees to buy back its own shares from shareholders, often to reduce the number of outstanding shares and increase the value of remaining shares.

Tender Offer

A general offer to stockholders to purchase shares at a specified price, usually for the purpose of acquiring a company.

Treasury Shares

Treasury shares are shares that were once part of the float and sold to the public but have since been bought back by the issuing company, reducing the amount of outstanding stock on the market.