Sophia business law - Study guides, Class notes & Summaries

There are two sides to a case presented before the trier of fact - Answer - person or persons who apply the law, they decide the winner or loser (a judge or jury) Liable/ Liabilty - Answer deals with responsibility (who is responsible) 3 important aspects of the law - Answer 1. Law is powerful 2. Law is important 3. Law is fascinating Laws are forever - Answer Changing True/ false - Founding fathers created a multi level government which guaranteed citizens rights - Answer True - (...

The CEO of a multinational retail corporation has decided to raise the minimum wage for its U.S. employees to three times the current federal minimum wage. The CEO explains that the company needs to provide its employees a living wage, regardless of what the law requires. According to Milton Friedman, did the corporation fulfill its duty? No, because the wage hike will drastically increase the corporation's liabilities and likely harm its stock price. No, because the CEO's salary is ...

In a bailment, neither the bailor nor the bailee intends that title to the property should pass. - Answer True Cindy and Scott own property as joint tenants. If Cindy dies, Scott acquires ownership of Cindy's interest in the property. - Answer True Bill parked his gasoline tanker truck at Highbeam Hotel while seeking lodging for the night. Highbeam employees went to the gasoline truck to assist in finding a satisfactory parking place, smelled gasoline, noticed a leak from the truck, and r...

Personal jurisdiction is possible over the objection of an out of state defendant __________.  if the court believes that justice would be served  at anytime and for whatever reason  if the plaintiff personally requests it  under due process if the defendant has sufficient connecting activities in the state CONCEPT Personal Jurisdiction 2 Which of the following is a consideration when choosing a form of business organization?  The number of competitors in the i...

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Business Law Unit 2 Challenges Sophia Business Law Unit 2 Challenges Sophia Unit no # 2 Challenge no #2 The purpose of contracts is __________. · a.) to equalize outcomes in capitalistic societies · b.) to prevent people from making independent choices · c.) to encourage the exchange of goods and services between people · d.) to maintain a traditional social hierarchy Contracts function as a symbol of __________ in modern society. · a.) chaos · b.) individual freedom · c...

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Business Law Unit 3 Challenges Sophia Business Law Unit 3 Challenges Sophia Unit no #3 Challenge no 1 Which of the following is the fundamental definition of property ownership? · a.) The right to control property · b.) The possession of property · c.) The right to exclude others from property · d.) The right to acquire property Which of the following is true of property ownership in the United States? · a.) Nonhuman legal persons, such as corporations, may own property. · ...

Business Law Unit 3 Challenges Sophia Unit no #3 Challenge no 1 Which of the following is the fundamental definition of property ownership? · a.) The right to control property · b.) The possession of property · c.) The right to exclude others from property · d.) The right to acquire property Which of the following is true of property ownership in the United States? · a.) Nonhuman legal persons, such as corporations, may own property. · b.) Property ownership has always been...

Sophia Business Law Unit 2 Challenge