Blaw exam 4 - Study guides, Class notes & Summaries

2024 BLAW FINAL EXAM 4 | Actual Questions and Verified Answers ( Included ) 100% Correct

BLAW 3391 Pleasant Exam 2 Questions With Verified Answers Entrepreneur One who initiates and assumes the financial risk of a new business enterprise and undertakes to provide or control its management Sole Proprietorship The 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 You can establish without fi...

BLAW 3391 Pleasant Exam 2 Questions With Verified Answers One who initiates and assumes the financial risk of a new business enterprise and undertakes to provide or control its management Entrepreneur The 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 You can establish without filing any legal documents. ...

Pleasant BLAW Exam 3 Questions With Verified Answers Contract An agreement that can be enforced in court; formed by two or more parties, each of whom agrees to perform or to refrain from performing some act now or in the future. Bilateral Contract promise for a promise Unilateral Contract promise in exchange for an act Formal Contract requires a special form for creation Informal Contract requires no special form for creation Express Contract Formed by words (oral...

BLAW Exam with 100% Pass Moral rules - Answer-Standards considering what we think are right or wrong e.g. unfaithful to your partner (no legal consequences) Legal rules - Answer-Created by a statute (parliament prescribes a rule) or by the courts Has to be enforceable, (if you do not follow this rule, this will happen) Public Law (4) - Answer-Constitutional law Administrative law International law Criminal law Constitutional Law - Answer-How parliament works, how laws are made ...

BLAW Exam 1 TCU Mackenzie Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+ Where did the law originate from? Why? Correct Answer: England, because that's the only law they knew The tendency to decide cases based on previous rulings. Provides consistency, efficiency, liable, stability Correct Answer: Precedent All courts under have to apply the same ruling Correct Answer: Binding Precedent Accumulation of precedents; judge made law Correct Answer: Comm...

BLAW 3310 Exam #4 with correct Answers

The transfer of a contract right to a third party is known as a(n): - assignment. A(n) __________ is a substitution for an old contract with a new one that either replaces an existing obligation with a new obligation with a new obligation or replaces an original party with a new party. - novation When a contract is intended to benefit a third person, such a person is a(n): - intended beneficiary. A(n) __________ is an intended beneficiary of a contract who receives the benefits of the contr...

BLAW Pleasant Exam 1 TTU Questions With Verified Answers Primary Source of Law - answera document that *establishes the law* on a particular issue, such as constitution, a statute, an administrative rule, or a court decision. Constitutional Law (4 sources of law) - answerlaw based on documents setting forth for the general organizations, powers, and limits of the government. Executive Orders - answerLegally binding directive from the president. Treaties - answerwritten agreements by 2 or ...

BLAW 3310 - Exam 3 Review Test Bank, Complete Solution Guide: Latest Guide - University of Texas, Arlington. Chapter 12 Negotiable Instruments, Credit, and Bankruptcy 1. Every year, creditors have to absorb in unpaid debt: a. about $100 million b. about $5 billion c. over $20 billion d. less than $5 million e. about $20 million ANSWER: c (page 331) National: AACSB Analytic; AICPA BB-Legal 2. Every year, creditors have to absorb in unpaid debt: a. about $10 million b. about $1 billio...