Blaw 3310 exam 3 - Study guides, Class notes & Summaries

©BRAINBARTER 2024/2025 BLAW 3310 Exam 1 Questions With Verified Answers. Law - answerenforceable rules of conduct set forth by a government to be followed by the citizens of the society Stability - answerthe legal system helps define acceptable behavior. The law limits activities that hurt the public interest. The law can also require or encourage business practices that further social or political goals Predictability - answerlaw provides predictability and uniformity Social Change - ...

BLAW 3310 Final Exam (Miller) Questions and Answers administrative agency -Answer-a governmental bureau established by Congress (or the president) to execute certain functions of Congress. Agencies transact government business and may write and enforce regulations under the authority of Congress or the president. delegation of powers -Answer-the constitutional right of Congress to authorize government agencies to perform certain legal duties. enabling statute -Answer-legislative enactmen...

BLAW 3310 Exam 1/139 questions and answers (BLAW 3310 Exam 1 - Miller The Legal Environment of Business, 12 Ed. (Meiners) Chapters 1-5)

BLAW 3310 Exam 3 - Questions and Answers Bankruptcy Code title 11 of the US code- the federal statute that governs the bankruptcy process( no Texas bankruptcy courts and shows up in your credit report for only 7 years) Garnishment a legal process that allows 25% at most that can be taken from your paycheck to be withheld for payment of a debt Principal-agent problem problem in which an agent(employee) performing activities on behalf of a principal(company/employer) pursues his or her own inter...

BLAW 3310 Exam 1 Questions and Answers 2024 Benefits of the law: -Answer-provides some predictability and uniformity to the boundaries of acceptable conduct in a society Key functions of the law: -Answer-1. Influence the behavior of the members of a society 2. Resolve disputes within society 3. Maintain important social values 4. Provide a method for assisting social change The ___ ___ provides a way to bring about changes in "acceptable" behavior. -Answer- legal system Where do we ge...

BLAW 3310 Exam 2 Study Guide INTENTIONAL MISREPRESENTATION - answerfalse representation has been made knowingly or without belief in its truth, recklessly, carelessly whether it be true or false INTERFERENCE WITH PROSPECTIVE ADVANTAGE - answera tort where there is an intentional and unjustified intervention with a relationship that a party had been developing with others in an effort to obtain new business or more business PRODUCT LIABILITY - answerthe producer is responsible for any injur...

BLAW 3310 Exam 1 Questions With Verified Answers. Benefits of the law: - answerprovides some predictability and uniformity to the boundaries of acceptable conduct in a society Key functions of the law: - answer1. Influence the behavior of the members of a society 2. Resolve disputes within society 3. Maintain important social values 4. Provide a method for assisting social change The ___ ___ provides a way to bring about changes in "acceptable" behavior. - answerlegal system Where do...

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 ANSWER: e (page 331) National: AACSB Analytic; AICPA BB-Legal 3. The law of n...

BLAW 3310-Final Exam Questions And Answers With Complete solution 1. administrative agencies, at both the federal and state levels are created A. Enabling Statues 2. The decisions of administrative agencies may be appealed into court under a principle known as A. (judicial review 3. The securities act of 1933 is primarily concerned with disclosure of essential information about a securities offering B. Before it is offered to the public 4. The securities exchange act of 1934 is primaril...