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1 Exam (elaborations) Business Law Collin College -1 Introduction to Business Law correctly answered 2 Exam (elaborations) Business Law Collin College -Business law - Contract Law fully solved graded 3 Exam (elaborations) Business Law - Exam 1 (Chapters 1-6) fully solved 4 Exam (elaborations) Bu...

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Business Law Collin College -Unit 1 Business Law

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Business Law Collin College -Unit 1 Business LawLaw - correct answer Rule of civil conduct commanding what is right and prohibiting what is wrong. Business Law - correct answer Those rules of conduct prescribed by a government and it's agencies, in regulating business transactions. Common Law...

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Unit 1 - Business Law Questions with complete solutions graded A+

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Unit 1 - Business Law Questions with complete solutions graded A+A law is: - correct answer a rule of civil conduct prescribed by the supreme power in a state Which of the following is a function of the law in the United States? - correct answer Maintain stability while simultaneously permitting ...

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Principles of Business Law questions well answered

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Principles of Business Law questions well answeredTaylor v Johnson - correct answer Land, unilateral mistake Balfour v Balfour - correct answer Ceylon, Agreements between family members Cohen v Cohen - correct answer Dress allowance, agreements between family members Merritt v Merritt - cor...

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Introductory Business Law (CLEP) fully solved graded A+

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Introductory Business Law (CLEP) fully solved graded A+law - correct answer a representation of a set of rules or principles established by government or other controlling body that members of society must follow and obey legal system - correct answer a system of established laws civil law (co...

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International Business Law: Exam 1 questions n answers

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International Business Law: Exam 1 questions n answers3 Types of Legal Relationships - correct answer 1) Nation to Nation 2) Nation to Individual 3) Person/Entity to Foreign Person/Entity 8 Sources of Law - correct answer 1) International Conventions: Multilateral agreements 2) Treaties: when ...

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FBLA Business Law questions well answered

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FBLA Business Law questions well answeredacceptance - correct answer The second party's unqualified willingness to go along with the first party's proposal accord and satisfaction - correct answer A legal way to settle contractual disputes by which one party agrees to accept less than the amoun...

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Business Law Collin College -Exam 1 Business Law Class Notes

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Business Law Collin College -Exam 1 Business Law Class Notes Commerce Clause - correct answer Congress shall have the power to regulate commerce with foreign nations and among several states Sherman Act (1890) - correct answer Every contract or conspiracy, in restraint of trade or commerce among...

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Chapter 1 Business Law questions n answers graded A+

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Chapter 1 Business Law questions n answers graded A+What is business law? - correct answer business law consists of the enforceable rules of conduct that govern commercial relationships How does business law relate to business education? - correct answer constitutions, legislatures, regulatory bo...

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BUSINESS LAWS (PRELIMS) questions with correct answers

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BUSINESS LAWS (PRELIMS) questions with correct answersART. 1767 - correct answer By the contract of the partnership, two or more persons bind themselves to contribute money, property, or industry to a common fund with the intention of dividing the profits among themselves. Two or more persons may...

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Business Law questions with 100% correct answers graded A+

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Business Law questions with 100% correct answers graded A+What is Agency? - correct answer A representative relationship where one person (the agent) may acquire rights on behalf of another person (the principal) by entering into contracts with others on behalf of the principal. What is agencies ...

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Business Law questions n answers graded A+

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Business Law questions n answers graded A+The source of law that is foundational in the US legal system is - correct answer Constitutional Law Which branch of the government is not elected by the people? - correct answer Judicial "Law is the command of a sovereign" represents what school of ...

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Business Law Collin College -Business Law fully solved

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Business Law Collin College -Business Law fully solved Business Law - correct answer A set of established rules governing commercial relationships, including the enforcement of rights Law - correct answer The set of rules and principles guiding conduct in society Breach of Contract - correct a...

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Business Law questions n answers graded A+

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Business Law questions n answers graded A+consideration - correct answer the inducement to enter into a contract- something of legal value must be exchanged 1. legal sufficiency 2. bargained for exchange legal sufficiency - correct answer promise must give up something of legal value or promis...

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Business Law questions with 100% correct answers graded A+

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Business Law questions with 100% correct answers graded A+ What is the normal penalty for breach of a civil wrong? - correct answer compensation for damages suffered What is business law? - correct answer Business law is concerned with rules of conduct prescribed by government for the performanc...

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Business Law questions with answers graded A+

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Business Law questions with answers graded A+precedent - correct answer an earlier case that decide the same legal issue as that presently in dispute, and which therefore will control the outcome of the current case. common law - correct answer Judge-made law, that is, the body of all decisions m...

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Business law test questions with correct answers 100%

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Business law test questions with correct answers 100% Business Ethics - correct answer deals with directly with business the way you interact with the community Categorical imperative - correct answer trying to determine what is right and what is wrong think about someone else doing it to you ...

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Business Law Test 1 verified/passed

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Business Law Test 1 verified/passed Three branches of Government - correct answer Legislative, Executive Judicial Legislative Branch - correct answer the branch of the United States government that has the power of legislating, The legislative branch creates the laws. There are two houses in it....

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Business law semester 1 questions with solutions

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Business law semester 1 questions with solutionssix elements of a contract (all must exist to be valid) - correct answer tance ne agreement deration ity ity counteroffer - correct answer An offeree's response to an offer in which the offeree rejects the original offer and at the same tim...

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Business Law Review with complete solutions graded A+

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Business Law Review with complete solutions graded A+stare decisis - correct answer A common law doctrine under which judges are obligated to follow the precedents established in prior decisions. allege - correct answer To state, recite, assert, or charge. appellant - correct answer The party ...

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Business Law Questions with complete solutions

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Business Law Questions with complete solutionsAny rate of interest above the maximum rate allowable by law is: a. fiduciary b. usury c. undue influence d. duress - correct answer b. usury The party who makes an offer is called the: a. offeree b. offered c. offeror d. optional - correct an...

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Business Law Past Exam Questions well answered

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Business Law Past Exam Questions well answeredThe court may grant a ______ if after reviewing the pleadings, the judge determines that the only reasonable decision is in favor of the moving party - correct answer motion for judgement on the pleadings The group that urges states to enact model law...

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Business Law Midterm with answers graded A+

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Business Law Midterm with answers graded A+The law in the United States has been influenced by English, French and Spanish law. - correct answer True Many countries in Europe still follow the civil law system. - correct answer True Businesses that are organized in the United States are subject...

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Business Law- International Law fully solved

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Business Law- International Law fully solvedNational Law - correct answer Laws of a particular nation International law - correct answer body of law formed as a result of international customs, treaties, and organizations that govern relations among or between nations. Private Parties - correc...

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Business Law Flashcards with correct answers

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Business Law Flashcards with correct answersAdministrative Agencies - correct answer commissions or boards that have the power to regulate particular matters or implement laws Antitrust Laws - correct answer laws designed to prevent an individual, corporation, or other group from controlling too ...

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Business Law Final Exam questions with correct answers

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Business Law Final Exam questions with correct answersOne type of punishment in a criminal case is that the defendant who is held liable must pay a fine to the government. - correct answer True All schools of jurisprudence assert that the law is one thing and morality is another, and that we shou...

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Business Law: FINAL EXAM Study Guide/passed

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Business Law: FINAL EXAM Study Guide/passedconstitution - correct answer The document that sets forth the framework of a government and its relationship to the people it governs. Common law - correct answer based upon the current standards or customs of the people. positive law - correct answe...

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Business Law FBLA questions with answers graded A+

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Business Law FBLA questions with answers graded A+Acceptance - correct answer The second party's unqualified willingness to go along with the first party's proposal Accord and Satisfaction - correct answer A legal way to settle contractual disputes by which one party agrees to accept less than ...

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Business Law Examples with correct solutions

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Business Law Examples with correct solutionsI sell you my car and you have not given me the money - correct answer Executory I gave you the car and you gave me the money - correct answer Executed I have a healthcare proxy but I can't control your money, and I couldn't get you a POA because y...

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Business law EXAM 1 fully solved graded A+

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Business law EXAM 1 fully solved graded A+M & M candies wants its suppliers to conform to U. S. environmental and labor laws, not just the local laws in the supplier's country, where regulations may not be as stringent. Their policy reflects the beliefs that people have a right to be treated fairly...

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Business Law Exam 1 Study Guide questions with correct answers rated A+

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Business Law Exam 1 Study Guide questions with correct answers rated A+Common Law - correct answer Developed by judges who issue their opinions when deciding a case. Statutes - correct answer Written law enacted by the legislative branch of the federal & state governments that establishes certain...

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Business Law Collin College -Business Law Exam 1 Chapters 1-7

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Business Law Exam 1 Chapters 1-7Definition of law - correct answer Enforceable rules governing relationships among individuals and between individuals and their society Function of law - correct answer Provide stability predictability and continuity Sources of American Law - correct answer Con...

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Business Law Exam 1 chapters 1,2,3,4 with correct answers rated A+

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Business Law Exam 1 chapters 1,2,3,4Laws and regulations affect virtually ____ - correct answer all business activities Business Decisions are affected by: - correct answer Torts, Agency Law, Product Liability, Intellectual Property Rights, Negotiable Instruments, Creditors' Rights, Sales Law, C...

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Business Law exam 1 (ch. 1-19) sample questions well answered already passed

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Business Law exam 1 (ch. 1-19) sample questions (T/F) 1 Common law is a type of law that only applies to "common" transactions involving less than $100. - correct answer False (T/F) Law consists of suggestions and policies that society uses to advise individuals in their relationships. - cor...

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Business Law Exam 1 (ch. 1-4) questions n answers

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Business Law Exam 1 (ch. 1-4)administrative agency - correct answer a federal, state, or local government agency established to perform a specific function; administrative agencies are authorized by legislative acts to make and enforce rules to administer and enforce the acts. administrative law ...

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Business Law Exam #2 (STUDY GUIDE) verified answers

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Business Law Exam #2 (STUDY GUIDE)Contract - correct answer Agreement that is enforceable by a court of law or equity Unilateral Contract - correct answer A contract in which the offeror's offer can be accepted only by the performance of an act by the offeree. (A promise for an act) Express C...

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Business Law Exam #1 questions & answers

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Business Law Exam #1why do legal systems evolve? - correct answer to encourage and promote stability and order define law - correct answer a body of enforceable rules which govern relationships among and between individuals and society defin substantive law - correct answer create rights, duti...

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Business Law Exam #1 questions n answers rated A+

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Business Law Exam #1What is law? - correct answer consists of enforceable rules governing relationships among individuals and between individuals and their society What feature do all laws have in common? - correct answer they establish rights, duties, and privileges that are consistent with the ...

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Business Law Collin College - questions and answers

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Business Law Collin College -Criminal Law - correct answer requirements imposed by government on citizens by statute or ordinance where the conduct represents a societal interest in need of protection enforceable contract - correct answer must be an agreement, consideration, capacity and legalit...

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Business Law Civil Law verified/passed

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Business Law Civil LawTort - correct answer An interference of another's rights Tortfeasor - correct answer Someone who intentionally commits a tort Tort Law - correct answer Be free of bodily harm Enjoy a good reputation Conduct business without interferance Have property free from damage...

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Business Law Chapters 1, 3, 4, and 5 questions with correct answers

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Business Law Chapters 1, 3, 4, and 5The base of our legal system - correct answer Largely based upon the English model. Also the Iroquois Native Americans played a role in the creation of our government. How many nations made up the Iroquois group? - correct answer 5, the mohawk, cayuga, oneida, ...

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Business law chapter 1 questions with complete solutions

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Business law chapter 1Laws - correct answer Enforceable rules of conduct in a society Code - correct answer Laws grouped into an organized form Sovereign - correct answer A supreme ruler Common law - correct answer Law based on current standards or customs of the people Positive law - co...

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Business Law Collin College -Business Law CH 1-4

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Business Law Collin College -Business Law CH 1-4 What is the importance of a Business Law course in a business/management curriculum or a business person? - correct answer Legal concepts, principles, and rules provide the foundation for the conduct of business. The law determines who may conduct bu...

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Business Law CH 1-4 questions well answered

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Business Law CH 1-4What is the importance of a Business Law course in a business/management curriculum or a business person? - correct answer Legal concepts, principles, and rules provide the foundation for the conduct of business. The law determines who may conduct business, how it can be conducted...

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Business Law Collin College -Business Law Basics: Assessment 2 fully solved

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Business Law Collin College -Business Law Basics: Assessment 2 fully solved Which of the following protects new and improved products? - correct answer Patent Which of the following types of law deals with rules for securing and enforcing legal rights to original ideas and inventions? - correct ...

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Business Law Collin College -Business Law 2 well answered

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Business Law Collin College -Business Law 2 well answeredCommon Law - correct answer This governs contracts involving employment, services, insurance, real property (land), patents, and copyrights. Uniform Commercial Code - correct answer Article 2 of the UCC governs contracts for the sale of goo...

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Business Law 1 correctly answered

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Business Law 1 correctly answered1. Which of the following best defines business law? a. legal responsibility for the occurrence of an event causing loss b. rules governing commercial relationships and the enforcement of rights c. rules governing procedures involved when one person sues anothe...

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Business Law Collin College -Business Law 1 - Exam 1 fully solved

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Business Law Collin College -Business Law 1 - Exam 1 fully solvedThe law - correct answer Rules that govern two types of relationships What are the two types of relationships that the law governs? - correct answer 1.Among individuals 2. Between individuals and society Legal Philosophy - what ...

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Business Law Collin College -Business Law (Obligations and Contracts) questions n answers

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Business Law Collin College -Business Law (Obligations and Contracts) questions n answers Obligation - correct answer Derived from the Latin word "obligation" which means "tying" or "binding.". It is a juridical necessity to give, to do, or not to do. It is a tie or bond recognized by law by ...

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Business Law Collin College -Business Law (Legality) fully solved

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Business Law Collin College -Business Law (Legality) fully solvedLegality - correct answer The subject matter of the contract must be _______ . the purpose of the contract must not be criminal, tortious, or otherwise against public policy. If performance of the contract would, at the time of con...

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Business Law Collin College -Business Law (Chapters 1-20)

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Business Law Collin College -Business Law (Chapters 1-20)Morality - correct answer Values that govern a society's attitude toward right and wrong Ethics - correct answer Means for determining what a society's values ought to be Honesty - correct answer Character trait of a person who is open...

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Business Law Collin College -Business Law (Chapters 1-10) questions n answers

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Business Law Collin College -Business Law (Chapters 1-10) questions n answers Civil Law - correct answer An individual brings action against another seeking a monetary or equitable remedy. Criminal Law - correct answer The state or federal government brings action against an individual seeking ...

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Business Law - Exam 1 (Chapters 1-6) fully solved

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Business Law - Exam 1 (Chapters 1-6) fully solvedRule of Law - correct answer general and equal application of laws, even to lawmakers Supreme Law of the Land vs. Highest Court - correct answer Supreme Law of the Land- U.S. Constitution Highest Court- U.S. Supreme Court Civil vs. Criminal La...

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Business Law Collin College -Business law - Contract Law fully solved graded

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Business Law Collin College -Business law - Contract Law fully solved graded Contract - correct answer between two or more parties that is enforceable by the court of law Elements of a contract - correct answer 1. Agreement = Proper author, Proper accepts 2. Consideration = For something of lega...

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Business Law Collin College -1 Introduction to Business Law correctly answered

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Business Law Collin College -1 Introduction to Business Law correctly answeredCivil Law - correct answer provides remedies for individuals or entities that have by wronged primary purpose is reimbursement or restitution not punishment Codification - correct answer The process of organizing stat...

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