Busi law - Study guides, Class notes & Summaries

BUSI 404 (Updated 2024) Midterm (100% correct answers) Law - ANSWER-Concerns the relations between individuals as such relations affect the social and economic order. It is a product of civilization and the means by which civilization is maintained. Reflects the social, economic, political, religious, and moral philosophy of society. Law's function - ANSWER-1. Establish order/peace keeping 2. Establish standards, morals 3. Protection of the state 4. Protection of the property 5. Stabi...

UNC BUSI 404 Study Guide (A+ Guaranteed) Justice - ANSWER-Generally may be defined as the fair, equitable, and impartial treatment of the competing interests and desires of individuals and groups with due regard for the common good. What is a right? - ANSWER-A right is the capacity of a person, with the aid of the law, to require another person or persons to perform, or to refrain from performing, a certain act. Correlative with Duty. Duty - ANSWER-A duty is the obligation the law impose...

BUSI 301 - Connect Homework questions well answered graded A+ What type of litigation involves parties and their counsel arguing their respective positions on a business controversy in a court of law? - correct answer Civil In a business context, dispute resolution should be: - correct answer 1. a part of business strategy. 2. a part of business planning. How does a plaintiff initiate a civil lawsuit? - correct answer Filing a complaint Documents filed by a party to the lawsuit, asking...

BUSI 301 Exam 2 questions with correct answers rated A+_____ is typically accomplished by attaching some event, known as a(n) ______ that must occur before a particular performance obligation is triggered. - correct answer Risk Allocation; Condition A(n) ______ means that an event that must occur before performance under a contract is due. - correct answer Condition Precedent If the elements of contract formation are satisfied, the contract must still:______. - correct answer be in writing...

LU BUSI 301 Chapter 10 Liberty University - Questions with complete solution LU BUSI 301 Chapter 10 Tort - correct answer Civil wrong where one party has acted/failed to act, leading to a loss suffered by another party. Tort Law - correct answer Intended to compensate injured parties for losses resulting harm for some unreasonable conduct by another. Torfeasor - correct answer One who commits a tort Tortious conduct - correct answer Tortfeasor's wrongful conduct Restatements of...

BUSI 301 Week 5 Ch. 15 Liberty University - Question and answers correctly solved BUSI 301 Week 5: Ch. 15 Business corporation law - correct answer Often the title for a specific state law that covers such matters as the structure of the corporation, oversight of the activity of the corporation's managers, rights of the principals in the case of the sale of assets or ownership interests, annual reporting requirements, and other issues that affect the internal rules of the business venture....

BUSI 301 (Business Law) Chapter 1 Concepts Review Practice Questions 2024. Law - CORRECT ANSWER A body of rules of action or conduct prescribed by controlling authority and having legal binding force In what type of terms should you think of law? - CORRECT ANSWER Broad terms What is the common characteristic of the current state of law? - CORRECT ANSWER It creates duties, obligations, and rights that reflect accepted views of a given society How is law classified? - CORRECT ANSWER ...

BUSI 301 Liberty University -BUSI 301 - Week 2 Civil Litigation - correct answer a dispute resolution process of civil (noncriminal) cases in public courts of law. Dispute Resolution - correct answer A method of handling complaints outside the judicial process through a mediator appointed by the court Arbitration - correct answer settling a dispute by agreeing to accept the decision of an impartial outsider informal settlements/consent decrees - correct answer practical devices to cut ...

BUSI 404_ Law Exam 1