Bul 5810 exam - Study guides, Class notes & Summaries

©THEBRIGHTSTARS 2024 BUL 5810 Part III – Agency Exam Questions With Correct Answers A power of attorney is a formal manifestation that states an agent's authority. The agent is known as the: - answerattorney at fact A(n) __________ is a written instrument that expresses the principal's intention that the agent's authority will not be affected by the principal's subsequent incapacity or that the agent's authority will become effective upon the principal's subsequent authority. - a...

BUL 5810 Midterm Exam Questions With Correct Answers Supreme Law of the Land - answerThe Constitution Sources of Federal Law - answerUS/state constitutions, federal/state statutes, common law, case law, and administrative law Expansion of Administrative Rules and Regulations - answerLegislative Rules: substantive rules issued by an administrative agency under the authority delegated to it by the legislature Interpretative Rules: statements issued by an administrative agency indicating how...

©THEBRIGHTSTARS 2024 BUL 5810 CH. 21 Exam Questions With Correct Answers A "sale" of goods happens when: - answertitle to the goods is passed. Which of the following transactions is governed by Article 2 of the UCC? - answerThe sale of oranges to be picked up from a 10-acre grove. The CISG applies to: - answerthe international sale of goods. The Code defines __________ as "honesty in fact in the conduct or transaction concerned." - answergood faith A merchant is defined as a person...

BUL 5810 - UNINCORPORATED BUSINESS ASSOCIATIONS Exam Questions With Correct Answers A legal entity separate and distinct from its owners referred to as shareholders, and formed by filing articles of incorporation is a: - answercorporation A partner who has no right to participate in control of the business and who has limited liability is called a: - answerlimited partner In choosing the form in which to conduct business, if ease of formation is the primary concern, the owners would choo...

BUL 5810 – CORPORATIONS EXAM QUESTIONS WITH DETAILED ANSWERS __________, usually called debentures, have only the obligation of the corporation behind them. - Answer-Unsecured bonds /.A corporation is considered a citizen: - Answer-of the state in both (1) where it has a principal office (2) its incorporation /.A corporation's proportional distribution of additional shares of the corporation's capital stock to its shareholders is a: - Answer-stock or share dividend /.A promot...