Bmgt380 - Study guides, Class notes & Summaries

Business Law BMGT380 Final Exam (UMD)...

BMGT380 Chapter 12: Consideration Exam Questions With Verified Answers Consideration - answeris the legal value, bargained for and given in exchange for an act or a promise. Promisee has to give something of legal value in exchange for the promise to be enforce against the promiser. The requirement of consideration means that a promisee must pay the price that the promisor asked to gain the right to enforce the promisor's promise. What if a promisor did not ask for anything in exchang...

BMGT380 Final Exam Review With Complete Solution Graded A+...

©BRIGHTSTARS EXAM SOLUTIONS 11/14/2024 12:19 PM 1 | P a g e BMGT380 Exam 3 Questions With Verified Answers A third party beneficiary is someone who is not - answera party to the original contract The parties to a contract may include_____________ a clause that specifies the amount of money to be paid if one of them should later breach the agreement. - answerC. liquidated damages Specific performance may be ordered when the - answerD. all of the above: goods are unique, subject of the ...

Business Law BMGT380 Spring 2023 Exam 1 With Complete Solution...

©BRIGHTSTARS EXAM SOLUTIONS 11/14/2024 12:19 PM 1 | P a g e BMGT380 - Chapter 3 Exam Questions With Verified Answers State Regulatory Power - answerThe US constitution does not identify powers that state legislators can exercise. It says some powers can only be exercised by congress, like issuing money. In all other situations, the federal and state governments exercise power concurrently. States can do what they want unless congress has preempted the area Regulating commerce between s...

©BRIGHTSTARS EXAM SOLUTIONS 11/14/2024 12:19 PM 1 | P a g e BMGT380 Chapter 15- Illegality Exam Study Guide. Public Policy - answerwidely shared view about ideas, interests, institutions, or freedoms to promote pubic welfare *changes over time, rarely absolute* Illegal Agreement - answeri. violates statutes ii. violate public policy determined by courts iii. unconscionable agreements and contracts of adhesion Violations of Public Policy - answeri. cannot make agreements to commit cri...

©BRIGHTSTARS EXAM SOLUTIONS 11/14/2024 12:19 PM 1 | P a g e Bmgt380 chapter 9 Exam Study Guide. Function of contracts - answerlet us create a type of private law, facilitate planning basic elements of contract - answervoluntary agreement, offer, acceptance of offer, consideration to support each partys promise, capacity to contract, must be legal steps in getting to a contract - answernegotation, agreement, voluntary, considerations, capacity, legality, contract, writing required? bila...

©BRIGHTSTARS EXAM SOLUTIONS 11/14/2024 12:19 PM 1 | P a g e BMGT380 - Chapter 2 part 1 (State and Federal Courts) Exam Questions With Verified Answers Courts of limited jurisdiction, trial courts, appeals courts - answerState Courts (3) Courts of limited jurisdiction - answerThe lowest-level court in a state's judicial system that only hears particular kinds of cases involving small claims, traffic violations, and probate cases. Small Claims Court - answerA special court in which pa...

BMGT380 Exam 1 With Complete Solution...