Wgu c713 - Study guides, Class notes & Summaries

the tendency to decide current rulings based on previous cases, only binding in lower courts - precedent judge made law, often created through many precedents - common law gives the right to interpret laws and determine their validity - judicial power legislature to become a law - statutes bill (congress), simple majority in house and senate -> president (veto power) -> 2/3 in house and senate -> statute - laws order to stop doing something - injunction most government agencie...

WGU C713 BUSINESS LAW EXAM 2024- 2025 COMPLETE 400 QUESTIONS WITH 100% CORRECT DETAILED AND VERIFIED ANSWERS BRAND NEW EXAM ALREADY GRADED A+

What is the principal source of stare decisis and precedent? A) Constitutional Law B) Administrative Law C) Statutory Law D) Common Law - ️️Common Law A rent-to-own store offered for sale a sofa that was manufactured in a foreign county. The store intentionally represented that the sofa was made from leather, but in reality it was made from vinyl. A consumer used a credit card to purchase the sofa and hopes the Federal Trade Commission regulations can help resolve the dispute. H...

WGU C713 BUSINESS LAW EXAM 2024- 2025 COMPLETE 500 QUESTIONS WITH 100% CORRECT DETAILED AND VERIFIED ANSWERS BRAND NEW EXAM ALREADY GRADED A+

A federal trial court judge is deciding a case based on constitutional law. The judge finds a past appellate case that is very similar to the current case and decides to follow the ruling established by the prior court. Which legal concept describes why this decision is binding on future cases? - Stare decisis What is an example of the concept of precedent? - A case that a lower trial court identifies as resolving a similar issue An employee leaves the company office and is injured by a fa...

WGU C713 Study Guide (V.3) Unit 5 Questions and Answers 100% Pass What is the restatement of contracts? Detailed Analyses of the decided cases in the field. the restatements declare the law as the courts have determined it to be. What is the Uniform Commercial Code? A large collection of legal rules regarding many important businesses or commercial activities. What are the Elements of a legal contract? 1. the parties reached an agreement. 2. consideration was present. 3. the agreement was lega...

WGU C713 Study Guide (V.3) Unit 4 (2022/2023) 100% Pass What is a patent? sole legal right to an invention and its profits What are three different types of patents? Utility patents: may be granted for machines, processes, articles of manufacture, or improvements. Design patents: granted for ornamental designs for articles of manufacture. Plant patents: cover inventions or discoveries of asexually reproduced plants. What types of things are not patentable? an idea, physical phenomena, laws of ...

WGU C713 Study Guide (V.3) Unit 7 Questions and Answers 100% Verified What are the common form of business organizations? sole proprietorship, general partnership, limited partnership, C corporation or S corporation or a limited liability company What is a sole proprietorship? an unincorporated business with a single owner who pays personal income tax on profits earned from the business. How is a sole proprietorship formed? How is it terminated? to form: turn a profit, get all the right licenc...

What purpose does the law serve in our society? - To resolve conflicts in our society without the use of violence. What are the three branches of government? - Executive, Legislative, and Judicial What is Statutory Law? - Law that is created by a legislative body, known as congress, at the federal Level. What is common Law? - Is Judge-Made Law. It is law that comes from previous Judge rulings in similar cases. What is administrative Law? - A branch of law that governs the creation and ope...

WGU C713 (U2.M1) Sources of Law Quiz 100% Pass Which kind of law is made when an appellate court endorses a rule to be used in deciding court cases? Common Law Which kind of law is based on the interpretation of an existing law? Common Law Which kind of law is enacted by state or federal legislatures? Statutory Law Which type of law is used when the Federal Communications Commission publishes a regulation on cigarette advertising on television? Administrative Law The FDA prohibits Drug A fr...