Business law c713 - Study guides, Class notes & Summaries

Business Law C713 Exam 228 Questions with Verified Answers.

What is the principal source of stare decisis and precedent? A) Constitutional Law B) Administrative Law C) Statutory Law D) Common Law Common Law A rent-to-own store offered for sale a sofa that was manufactured in a foreign county. The store intentionally represented that the sofa was made from leather, but in reality it was made from vinyl. A consumer used a credit card to purchase the sofa and hopes the Federal Trade Commission regulations can help resolve the dispute. How w...

buyer invests money in a common enterprise and expects profit from others work - Security Government securities, bank securities, short term notes, non profit issues, insurance policy, annuity contracts - Exempt Securities Federal agency that enforces securities laws. - SEC (Securities and Exchange Commission) Bring cease and desist order against those who violate the law and can levy fines or confiscate profits from illegal transactions. - Functions of SEC Criminal action for SEC vio...

Business Law C713 Exam 228 Questions with Verified Answers.

Business Law C713 Exam 228 Questions with Verified Answers..

1.1 The doctrine of precedent is beneficial because it ensures predictability in the court system 1.1 The system of government used by the Iroquois Native Americans and the League of the Iroquois was the inspiration for our government by providing an example of a(n): A two level government, each with its own specific powers. 1.1 Mediation, a form of dispute resolution, has its roots in the laws of England...In the tenth century, England was divided into shires, and the day-to-da...

WGU C713 BUSINESS LAW EXAM EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 400 QUESTIONS WITH DETAILED VERIFIED ANSWERS /ALREADY GRADED A+

WGU C713 BUSINESS LAW EXAM EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 500 QUESTIONS WITH DETAILED VERIFIED ANSWERS /ALREADY GRADED A+

Which kind of law is made when an appellate court endorses a rule to be used in deciding court cases? -Constitutional law -Common law -Statutory law -Administrative law Common law is made when an appellate court endorses a rule to be used in deciding court cases - ️️Common law Which kind of law is based on the interpretation of an existing law? -Administrative law -Constitutional law -Statutory law -Common law Common law is based on the judicial interpretation of existin...

Define " Precedent" To make decisions for current cases based on previous rulings Define "Common Law" The accumulation of precedent, based on case after case, makes up the common law The constitution does what 3 basic things? 1. Establishes the structure of U.S. government with 3 branches. 2. Creates checks and balances for those 3 branches. 3. Guarantees basic rights for the people of the U.S. What are the 3 legal authorities of the U.S. and why is this division im...