Blaw 3391 - Study guides, Class notes & Summaries
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BLAW 3391 TTU Exam 1 Questions With Verified Answers
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BLAW 3391 TTU Exam 1 Questions With Verified Answers 
Laws 
rules governing relationships among individuals and between individuals and their society. 
 
 
Priorities of Law? (Highest to lowest) 
Federal Constitution 
Federal Statutes 
State Constitution 
State Statutes 
Local Ordinances 
Conflict 
Order of precedence 
 
 
Agencies 
created by legislatures and make their own rules which have the legal force of statutory law. (ex: IRS). Carry out all functions of the federal government (legislati...
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BLAW 3391 Final Exam Questions With Verified Answers 100% Solved
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BLAW 3391 Final Exam Questions With Verified Answers 100% Solved 
Contract 
"a promise or set of promises for the breach of which the law gives a remedy or the performance of which the law is some way recognizes a duty." 
 
 
Covenant not to complete 
restrict what an employee may do after leaving a company, and they often dictate where, when, and with whom an employee may work 
 
 
Four elements needed for a contract: 
Agreement, the consideration, contractual capacity, and legal object 
 
 
...
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BLAW 3391 Pleasant Test 2 Exam Questions And Answers (Verified And Updated)
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BLAW 3391 Pleasant Test 2 Exam Questions And Answers (Verified And Updated) 
What is real property? 
-Land and everything attached. 
-Law states land is owned to the center of the earth. 
 
 
 
What is a fixture? 
-Part of the land (ex. trees) 
 
 
 
How can real property become personal property? 
-Removal from land. 
-(ex. apple from a tree). 
 
 
 
How can personal property become real property? 
-Planted into land. 
-(ex. planted shrubbery or lumber used to erect building). 
 
 
 
Subterrane...
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Blaw 3391 Test #1 Laura Pleasant Quizzes And Answers Latest 2024
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Constitutional Law - 1st Source of law - Federal and State Constitutions 
Executive Order - Legally binding directive from the president - Ex in 1957 Eisenhower ordered 
federal troops to enforce the Supreme Court's ruling to desegregate the school system 
Treaty - Written Agreement between two or more countries Becomes Legally binding when they 
are approved by 2/3 of the Senate 
Statutory Law - 2nd Source of law - the field of law involving statutes, which are laws passed by 
congress or by s...
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BLAW 3391 Pleasant Test 2 Questions With Correct Answers 100%
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What is real property? - Answer--Land and everything attached. 
-Law states land is owned to the center of the earth. 
What is a fixture? - Answer--Part of the land (ex. trees) 
How can real property become personal property? - Answer--Removal from land. 
-(ex. apple from a tree). 
How can personal property become real property? - Answer--Planted into land. 
-(ex. planted shrubbery or lumber used to erect building). 
Subterranean Rights - Answer--The right to extract minerals from the land. 
-Th...
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BLAW 3391 TTU Exam 2 Questions And Answers (Verified And Updated)
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BLAW 3391 TTU Exam 2 Questions 
And Answers (Verified And Updated) 
Sole Proprietorship - answerSimplest business form; owner is the business. Owner reports 
business income on personal income tax return and is legally responsible for all debts and 
obligations incurred by the business. 2/3 of all U.S. businesses are formed in this way. 
Sole Proprietorship Advantages - answer•Owner receives all profits; pays only personal 
taxes 
•Easy to create; less costly 
•Flexible decision making 
So...
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BLAW 3391 EXAM PACKAGE DEAL WITH COMPLETE SOLUTIONS.
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BLAW 3391 EXAM PACKAGE DEAL WITH COMPLETE SOLUTIONS.
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BLAW 3391 TTU Exam 2 Questions And Answers (Verified And Updated)
- Exam (elaborations) • 16 pages • 2024
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BLAW 3391 TTU Exam 2 Questions 
And Answers (Verified And Updated) 
Sole Proprietorship - answerSimplest business form; owner is the business. Owner reports 
business income on personal income tax return and is legally responsible for all debts and 
obligations incurred by the business. 2/3 of all U.S. businesses are formed in this way. 
Sole Proprietorship Advantages - answer•Owner receives all profits; pays only personal 
taxes 
•Easy to create; less costly 
•Flexible decision making 
So...
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BLAW 3391 Pleasant Exam 2 Questions With Verified Answers
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BLAW 3391 Pleasant Exam 2 Questions 
With Verified Answers 
Entrepreneur - answerOne who initiates and assumes the financial risk of a new business 
enterprise and undertakes to provide or control its management 
Sole Proprietorship - answerThe simplest form of business organization, in which the owner 
reports business income on his or her personal income tax return and is legally responsible for all 
debts and obligations incurred by the business. 
Sole Proprietorship in TX - answerYou can est...
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BLAW 3391 Final TTU Questions With Correct Answers 100%
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tangible personal property - Answer-personal property that can be moved 
contract - Answer-legally enforceable agreement that is created when two or more competent parties 
agree to perform, or to avoid performing, certain acts that they have a legal right to do and that meet 
certain legal requirements 
offer - Answer-a proposal made by one party (the offeror) to another person (the offeree) that indicates 
a willingness to enter into a contract 
offeror - Answer-the person making the proposal ...
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