LSB 3213 Exam Questions and Correct Verified Answers Latest Version

Suppose that Warren is sitting in his living room watching his favorite television show when a rock smashes through his roof, landing just next to him. He immediately heads outside his house to discover that the rock came from blasting being performed by Wiley blasting company, Inc. On an ad...

Constitutional Law Supreme law that is the trump card. Federal government and the states have separate written constitutions that set forth the general organization, powers, and limits of the respective governments. Law as expressed in these constitutions. If a law violates a provision of th...

knowledge of "black-letter" law and what conduct leads to liability is enough false areas of law that affect business decision making contracts, intellectual property, product liability, torts, sales, internet law (privacy), environmental law torts defined common law jurisdiction; a ...

Illegal contracts are A) Void B) Voidable C) Unjust D) A violation of the Uniform Commercial Code A In general, contracts for the sale of goods are governed by: A) the Uniform Commercial Code. B) state statutory law based on the Uniform Commercial Code. C) state common law. D) federal r...

What are the four key sources of law? Constitutions Statutes Administrative Common law The roles of parties in litigation The plaintiff is the one bringing the action (suing), the defendant is the one who action is being brought upon. (In criminal cases, the prosecutor is the one who ...

A condition precedent must be met before a party's performance can be required. True A party normally satisfies its duties under a contract by novation. False Complete performance occurs when conditions in a contract are fully satisfied. Performance that provides a party with most of t...

All of the following are methods that a sole proprietorship can raise money except A) Private loans. B) Commercial loans. C) Sell ownership in the business. D) Line of credit Sell ownership in the business Which of the following is true about a sole proprietorship? A) It is subject to corp...