Legl2700 - Study guides, Class notes & Summaries

LEGL2700- Roessing Test 2 property - Answer ️️ the legal right to exclude others from resources that are originally possessed or are acquired without force, theft, or fraud private property - Answer ️️ a system of law under which the state recognizes and enforces an individual's rights to acquire, possess, use, and transfer scarce resources capital formation - Answer ️️ quality of resources that produces new or different resources mortgage - Answer ️️ lenders are willing t...

LEGL2700 Test 3 Epstein Exam Questions Complete Solutions Role of Scarcity - Answer -Need for resources outstrips supply of those resources. State Controlled/Communism - Answer -The government controls all resources and directs how they are divided up among citizens. How Private Property establishes necessary conditions for capitalism formation? - Answer -- Loan for a business (put up a house as collateral for example) - Can convert rights in one resource (house) into rights in differe...

LEGL2700 test 2 Questions and Answers

LEGL2700 Exam Set Questions And Verified Correct Answers Life, Liberty, and Property - ANSWER : The three natural rights of all people, accoring to John Locke Western Legal System - ANSWER : The gov't has regulations placed on the resources an individual can have (ex. USA) Communism - ANSWER : The gov't determines who gets what and how much they get (ex. Soviet Union) Private Property - ANSWER : The state recognizes and enforces an individual's rights to acquire, possess, use, ...

LEGL2700 Matt Roessing Set Questions & Correct Answers Property - ANSWER : the legal right to exclude others from resources that are originally possessed or are acquired without force, theft, or fraud Private property - ANSWER : a system of law under which the state recognizes and enforces an individual's rights to acquire, possess, use, and transfer scarce resources Capital formation - ANSWER : quality of resources that produces new or different resources Mortgage - ANSWER : le...

LEGL2700 Matt Roessing Test 3 Questions and Answers property - Correct ️️ the legal right to exclude others from resources that are originally possessed or are acquired without force, theft, or fraud private property - Correct ️️ a system of law under which the state recognizes and enforces an individual's rights to acquire, possess, use, and transfer scarce resources capital formation - Correct ️️ quality of resources that produces new or different resources mortgage - Correc...

property - Correct ️️ the legal right to exclude others from resources that are originally possessed or are acquired without force, theft, or fraud private property - Correct ️️ protects private persons and allows them to exclude others from interfering with resources that are acquired without force, theft, or fraud public property - Correct ️️ state's right under various circumstances to exclude people from state monuments, buildings, equipment, land, and other public resource...

LEGL2700- Roessing Test 1 fully solved & verified for accuracy 2025(GUARANTEED SUCCESS)

LEGL2700- Roessing Test 3 Questions And Answers implied-in-law contract when the law implies a duty on a party to the second even though there is no contract between them "quasi-contract" enforceable contract the court upholds the validity of a promise unenforceable contract a defense exists that denies the legal enforcement of an agreement valid contract an agreement is enforceable because all the essential requirements are present void contract an agreement that lacks an esse...