Wgu c713 business - Study guides, Class notes & Summaries

Expectation Interest What the injured party reasonably thought she would get from the contract Reliance Interest If the injured party has not shown an expectation interest, but proves that he spent money in reliance on the agreement and that, in fairness, he should receive compensation: Designed to put an injured party in the position he would have been in had the parties never entered the contract Restitution Interest The injured party has conferred a benefit on the other party...

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. H...

WGU BUSINESS LAW C713 (SCORED A+) 2024!!

the tendency to decide current rulings based on previous cases, only binding in lower courts - precedent judge made law, often created through many precedents - common law gives the right to interpret laws and determine their validity - judicial power legislature to become a law - statutes bill (congress), simple majority in house and senate -> president (veto power) -> 2/3 in house and senate -> statute - laws order to stop doing something - injunction most government agencie...

A federal trial court judge is deciding a case based on constitutional law. The judge finds a past appellate case that is very similar to the current case and decides to follow the ruling established by the prior court. Which legal concept describes why this decision is binding on future cases? - Stare decisis What is an example of the concept of precedent? - A case that a lower trial court identifies as resolving a similar issue An employee leaves the company office and is injured by a fa...

WGU C713 BUSINESS LAW EXAM 2024- 2025 COMPLETE 400 QUESTIONS WITH 100% CORRECT DETAILED AND VERIFIED ANSWERS BRAND NEW EXAM ALREADY GRADED A+

WGU C713 BUSINESS LAW EXAM 2024- 2025 COMPLETE 500 QUESTIONS WITH 100% CORRECT DETAILED AND VERIFIED ANSWERS BRAND NEW EXAM ALREADY GRADED A+

What are the main elements of a contract? Offer, Acceptance, Consideration, Legality, Capacity, Consent, and Writing Express Contract and Implied Contract The types of contracts (ways of classifying contracts) The role the UCC play in contracts Governs contracts for a sale of goods, while common-law principles govern contracts for sale of services and everything else. Personal satisfaction contracts Permit the promise to make subjective evaluations of the promisor's per...

What purpose does the law serve in our society? - To resolve conflicts in our society without the use of violence. What are the three branches of government? - Executive, Legislative, and Judicial What is Statutory Law? - Law that is created by a legislative body, known as congress, at the federal Level. What is common Law? - Is Judge-Made Law. It is law that comes from previous Judge rulings in similar cases. What is administrative Law? - A branch of law that governs the creation and ope...

WGU BUSINESS LAW C713 STUDY GUIDE WITH COMPLETE SOLUTION!!