100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
BULW 301 exam 1 Questions and Correct Verified Answers Latest Version $12.49   Add to cart

Exam (elaborations)

BULW 301 exam 1 Questions and Correct Verified Answers Latest Version

 3 views  0 purchase
  • Course
  • BULE
  • Institution
  • BULE

Law consists of enforceable rules governing relationships among individuals and between individuals and their society Why do we have laws? to provide stability, to keep society running, system in place if something goes wrong Liability the state of being legally responsible (liable) for...

[Show more]

Preview 3 out of 25  pages

  • October 14, 2024
  • 25
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BULE
  • BULE
avatar-seller
ExamArsenal
1 | P a g e | © copyright 2024/2025 | Grade A+




Bule GMU exam 1 Questions and
Correct Verified Answers Latest
Version
Areas of law that may affect business decision making


✓ contracts, sales, negotiable instruments, creditors rights, e-commerce,

torts, and court decisions




Primary sources of law


✓ U.S. and state constitutions, statutes or laws passed by congress and

state legislatures, regulations made by administrative agencies, and

case law (court decision)




Secondary sources of law


✓ books and articles that summarize and clarify the sources of law (legal

encyclopedias)




Types of law


✓ statutory, uniform, administrative, and case law




ordinances


Master01 | September, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+

✓ statute of a local area




uniform laws


✓ laws dealing with states business, the state has the option to adopt

these laws




administrative laws


✓ rules, orders, decisions or an administrative agency




case laws


✓ the doctrines and principles announced in cases




common law


✓ a body of general rules that applied throughout the entire English

realm




"Stare Decisis"




Master01 | September, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+

✓ (to stand on decided cases)- deciding new cases with reference to

former decisions.



✓ Two Parts: 1. Decisions made by higher courts are binding on lower

courts.

✓ 2. A court should not overturn its own precedents unless there is a

strong reason.




Binding Authority


✓ Any source of law that a court must follow when deciding a case.




Persuasive Authorities


✓ Precedents from other jurisdictions.




Remedy


✓ The means given to a party to enforce a right or to compensate for the

violation of a right.




Specific Performance


✓ An order to perform what was promised.




Master01 | September, 2024/2025 | Latest update

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamArsenal. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79223 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.49
  • (0)
  Add to cart