Blaw 3391 - Study guides, Class notes & Summaries
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BLAW 3391 Exam 2 TTU Questions With Verified Answers 100% Solved
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BLAW 3391 Exam 2 TTU Questions 
With Verified Answers 100% Solved 
sole proprietorship - answerbusiness owned and operated by one person 
unlimited liability - answerlegal exposure in which an owner of a business is personally 
liable for all of the debts and obligations of the business 
what is the most popular form of business organization in the US? - answersole 
proprietorship 
sole proprietorship advantages - answer-easily established 
-no partners or shareholders 
-only pay taxes on income...
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BLAW 3391 Final Exam (Actual) Questions With Correct Solutions.
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Contract - Answer-"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 - Answer-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: - Answer-Agreement, the consideration, contractual capacity, and 
legal object 
Consideration - Answer-bargained-for exchange or wh...
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BLAW 3391 Exam 2 TTU Questions With Verified Answers 100% Solved
- Exam (elaborations) • 13 pages • 2024
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BLAW 3391 Exam 2 TTU Questions 
With Verified Answers 100% Solved 
sole proprietorship - answerbusiness owned and operated by one person 
unlimited liability - answerlegal exposure in which an owner of a business is personally 
liable for all of the debts and obligations of the business 
what is the most popular form of business organization in the US? - answersole 
proprietorship 
sole proprietorship advantages - answer-easily established 
-no partners or shareholders 
-only pay taxes on income...
-
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 
One who initiates and assumes the financial risk of a new business enterprise and undertakes to 
provide or control its management - answerEntrepreneur 
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. - answerSole Proprietorship 
You can establish without filing any legal do...
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Blaw 3391 Test #1 Exam Questions With Verified Answers 100% Solved
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Blaw 3391 Test #1 Exam Questions 
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Constitutional Law - answer1st Source of law - Federal and State Constitutions 
Executive Order - answerLegally 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 - answerWritten Agreement between two or more countries Becomes Legally binding 
when they are approved by 2/3 of the Senate 
Statutory Law - answer2nd S...
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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 Test #1 Exam Questions With Verified Answers 100% Solved
- Exam (elaborations) • 12 pages • 2024
- Available in package deal
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Blaw 3391 Test #1 Exam Questions 
With Verified Answers 100% Solved 
Constitutional Law - answer1st Source of law - Federal and State Constitutions 
Executive Order - answerLegally 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 - answerWritten Agreement between two or more countries Becomes Legally binding 
when they are approved by 2/3 of the Senate 
Statutory Law - answer2nd S...
-
Blaw 3391 Test #1 Laura Pleasant Questions and Answers Latest;(2024/2025)/ Graded A+
- Exam (elaborations) • 13 pages • 2024
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Business Ethics - the application of ethics (moral and ethical principles) to the special problems 
and opportunities experienced by business people 
Alternative Dispute Resolution (ADR) - The resolution of disputes in ways other than those 
involved in the traditional judicial process. Negotiation, mediation, and arbitration are forms of ADR. 
Administrative agencies vs governments - Similarities 
executive - daily operations, the establishment of general policies and objectives 
Legislative - ...
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BLAW 3391 Pleasant Exam 2 Questions With Verified Answers
- Exam (elaborations) • 12 pages • 2024
- Available in package deal
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- $12.49
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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 - answerEntrepreneur 
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. - answerSole Proprietorship 
You can establish without filing any legal do...
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