Business law chapt - Study guides, Class notes & Summaries

Business Law Chapter 1 notes from textbook

Business Law Chapters 1-3

Define " Precedent" To make decisions for current cases based on previous rulings Define "Common Law" The accumulation of precedent, based on case after case, makes up the common law The constitution does what 3 basic things? 1. Establishes the structure of U.S. government with 3 branches. 2. Creates checks and balances for those 3 branches. 3. Guarantees basic rights for the people of the U.S. What are the 3 legal authorities of the U.S. and why is this division im...

Business Law Chapter 9

Our government has a system of _____ and _____ that allow each branch to limit the actions of the other two branches. For example, the _____ branch can enact a law, but the ___ branch can veto that law. - CORRECT ANSWERS-checks, balances, legislative, executive Article 1, Section 8, of the U.S. Constitution impacts businesses greatly and is referred to as the ____ clause. - CORRECT ANSWERS-Commerce If you are a farmer who grows and sells only locally, can you correctly conclude that the co...

Business Law Chapter 10: Crimes with complete solution

Business Law Chapter 1

Business Law Chapters 1-3

Canadian Business Law Chapter 1 and 2 Questions and Answers 2024 Breach of contract Failure to comply with a contractual promise Litigation The process involved when one person sues another Arbitration A process through which a third party makes a decision (usually binding) that resolves a dispute Legal risk management plan A comprehensive management plan for dealing with the legal risks associated with a business Method of transferring risk Buy insurance

Business Law Chapter 18 quiz Questions &Exam (elaborations) answers 100% satisfaction guarantee