Anticipatory repudiation Study guides, Class notes & Summaries

MIE 305 Final Exam When choosing an organizational form, entrepreneurs should consider: - ANS Ease of creation Owners' liability--maximize gain, limit risk of loss Tax considerations--pass through or entity tax? Ability to raise capital--Private funding or shares? Basic forms of Business Organization - ANS Sole proprietorships--> one person owns it Partnerships--> Multiple people own it Corporations--> Ownership to shareholders Franchises--> opera...

MIE 305 Final Exam Contract - ANS a promise or set of promises supported by the exchange of bargained-for consideration for the breach of which the law gives a remedy, or the performance of which the law recognizes as an enforceable duty. "a promise or set of promises that are enforceable in court." primarily state based common law contract elements - ANS -Agreement: the parties agree to the exchange of legal detriment as to each other -Bargained-for consideration: exc...

MIE 305 Final Exam When choosing an organizational form, entrepreneurs should consider: - ANS Ease of creation Owners' liability--maximize gain, limit risk of loss Tax considerations--pass through or entity tax? Ability to raise capital--Private funding or shares? Basic forms of Business Organization - ANS Sole proprietorships--> one person owns it Partnerships--> Multiple people own it Corporations--> Ownership to shareholders Franchises--> opera...

Anderson's Business Law and the Legal Environment, Standard Volume 23rd Edition 5556 7640 3, 8, 5110, 0321, 6, 4, 7640, 2592, 3817 1: TheNature and Sources of Law 1-1 Nature of Law and Legal Rights 1-1a Legal Rights 1-1b Individual Rights 1-1c The Right of Privacy 1-1d Privacy and Technology 1-2 Sources of Law 1-2a Constitutional Law 1-2b Statutory Law 1-2c Administrative Law 1-2d Private Law 1-2e Case Law, Statutory Interpretation, and Precedent ...

Anderson's Business Law and the Legal Environment, Standard Volume 23rd Edition 5556 7640 3, 8, 5110, 0321, 6, 4, 7640, 2592, 3817 1: TheNature and Sources of Law 1-1 Nature of Law and Legal Rights 1-1a Legal Rights 1-1b Individual Rights 1-1c The Right of Privacy 1-1d Privacy and Technology 1-2 Sources of Law 1-2a Constitutional Law 1-2b Statutory Law 1-2c Administrative Law 1-2d Private Law 1-2e Case Law, Statutory Interpretation, and Precedent ...

Abatement - Process of selling estate property to pay debts. Abatement of Rent - A deduction from the rent owed for the diminishment in value of the premises caused by the lack of maintenance. Abstract of Title - Chronological summary of all official records and recorded documents affecting the title to a parcel of land. Accord and Satisfaction - The payment of money, or other valuable consideration (usually less than the amount owed), in exchange for extinguishment of a debt. There must ...

Anderson's Business Law and the Legal Environment, Standard Volume 23rd Edition 5556 7640 3, 8, 5110, 0321, 6, 4, 7640, 2592, 3817 1: TheNature and Sources of Law 1-1 Nature of Law and Legal Rights 1-1a Legal Rights 1-1b Individual Rights 1-1c The Right of Privacy 1-1d Privacy and Technology 1-2 Sources of Law 1-2a Constitutional Law 1-2b Statutory Law 1-2c Administrative Law 1-2d Private Law 1-2e Case Law, Statutory Interpretation, and Precedent ...

PARALEGAL CORE COMPETENCY EXAM 2024| ACTUAL TEST WITH COMPLETE SOLUTION Abatement - Process ofselling estate property to pay debts. Abatement of Rent - A deduction from the rent owed for the diminishment in value of the premises caused by the lack of maintenance. Abstract of Title - Chronological summary of all official records and recorded documents affecting the title to a parcel of land. Accord and Satisfaction - The payment of money, or other valuable consideration (usually less than ...

MBE Flashcards In-class activity contract - a promise that the law will enforce offer - 1) Manifestation of intent to K demonstrated by a promise, undertaking, or commitment; 2) Communicated to an identified offeree; and 3) Definite and certain terms Irrevocable offer - 1) Merchant's firm offer under UCC 2) Option contract - consideration given 3) Detrimental reliance Termination by Operation of Law - 1) destruction of subject matter 2) supervening illegality 3) d...

Sierra offers to sell Alyssa a Scottish terrier puppy for $800. Alyssa and Sierra do not discuss the dog's ancestry, but Alyssa believes that the dog came from champion lines and agrees to the price. Alyssa later discovers that the puppy is worth only $200. Can Alyssa rescind the contract based on her mistake? a. Yes, because Alyssa had a duty to investigate, which she failed to perform. b. Probably not, because Alyssa made a mistake about the dog's value, not a mistake about a material fa...