Tamu mgmt 209 - Study guides, Class notes & Summaries

MGMT 209 EXAM 4 SWIM TAMU secured predictor - correct answer the collateral a creditor has, something of yours they can take away in case you do not pay what are the 4 types of liens - correct answer artisan, workers, landlords, mechanic/contractor artisan lien - correct answer until you pay, you don't get property back (think dry cleaning a wedding dress, you have to pay them before you can get the dress back)

MGMT 209 FINAL STUDY GUIDE QUESTIONS (TAMU SWIM) You get angry at your roommate and decide to kill him/her. If you do, what type of law have you violated? - correct answer Statutory, State, Criminal, and Public law is violated There are two major functions of the legal system. When you are sued in Court this is an example of what type of major function of the legal system? - correct answer Dispute Resolution Which of the following are sources of law? - correct answer Administrative, Jud...

MGMT 209 FINAL STUDY GUIDE QUESTIONS (TAMU SWIM) You get angry at your roommate and decide to kill him/her. If you do, what type of law have you violated? - correct answer Statutory, State, Criminal, and Public law is violated There are two major functions of the legal system. When you are sued in Court this is an example of what type of major function of the legal system? - correct answer Dispute Resolution Which of the following are sources of law? - correct answer Administrative, Jud...

Contract CORRECT ANSWER A legal agreement of the parties to do something not obligated to do or to refrain from doing something legally entitled to do. ____ consist of a promise, but not all promises are ___. (promises-manifestation of intent to do or not do something) Standard CORRECT ANSWER Apparent intention of a party to enter into a contract is determined by the objective, outward manifestation of his or her assent as it would be interpreted by a reasonable person, rather than by tha...

Dispute Resolution Role "Judge Judy" Settles differences between two or more parties Regulatory Role Governmental interference with private business. Directs and standardizes business activities to improve society Enforcement of law leads to... Stability, Predictability, and Uniformity (hopefully) Constitutional Law Most important source of law, Supreme Law of the land, comes from the US Constitution Statutory Law Aka Legislative law. US Congress passes laws as...

You get angry at your roommate and decide to kill him/her. If you do, what type of law have you violated? Statutory, State, Criminal, and Public law is violated There are two major functions of the legal system. When you are sued in Court this is an example of what type of major function of the legal system? Dispute Resolution Which of the following are sources of law? Administrative, Judge Made, Statutory, and Judicial interpretation When the President creates a law to c...