Blaw exam 4 - Study guides, Class notes & Summaries

BLAW 3430 Exam 4 Review | 100% Correct | Verified | 2024 Version 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 a...

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...

BLAW EXAM 4/108 EXAM QUESTIONS AND ANSWERS

BLAW 3310 - Exam 3 Review Test Bank, Complete Solution Guide: Latest Guide - University of Texas, Arlington. 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 billion c. about ...

BLAW 3310 - Exam 3 Review Test Bank, Complete Solution Guide: Latest Guide - University of Texas, Arlington. 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 billion c. about ...

Pleasant BLAW Exam 3 Questions With Verified Answers Contract - answerAn 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 - answerpromise for a promise Unilateral Contract - answerpromise in exchange for an act Formal Contract - answerrequires a special form for creation Informal Contract - answerrequires no special form for creation Express Contract - ans...

Pleasant BLAW Exam 3 Questions With Verified Answers Contract - answerAn 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 - answerpromise for a promise Unilateral Contract - answerpromise in exchange for an act Formal Contract - answerrequires a special form for creation Informal Contract - answerrequires no special form for creation Express Contract - ans...

Blaw 310 ULL Exam 1 what is the law? - the law consists of enforceable rules governing relationships among individuals and between individuals and their society -they establish rights, duties, and privileges that are consistent with the values and beliefs of a society or its ruling group how are business decisions effected by law? - contracts courts and court procedures professional liability business organizations agency torts product liability e-commerce intellectual propert...

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...

BLAW 3310 - Exam 3 Review Test Bank, Complete solution guide: Latest Guide-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 billion c. about $20 million d. about $50 million e. none of the other choices are correct AN...