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

BLAW 3310 Exam 3

BLAW 3310 Exam 3 Questions With Verified Answers SOLE PROPRIETORSHIP - answerperson doing business for himself ADVANTAGES AND DISADVANTAGES OF SOLE PROPRIETORSHIP - answerfreedom, control, full liability PARTNERSHIP - answertwo or more persons carrying on business as owners for profit; must INFER that partnership exists; individual partner can make decisions on basic things, but ALL decide and agree on extraordinary things LIMITED PARTNERSHIP - answerat least one general partner and at l...

BLAW 3310 Exam 3 Prep Quizzes Solved 100% Correct

BLAW 3310 Exam 3

Torts -An injury or wrong committed with or without force against another person or his properly; a civil wrong that is a breach of a legal duty owed by the person who commits the tort to the victim of the tort Negligence Pg 147 -The failure to do something that a reasonable person, guided by the ordinary considerations that regulate human affairs, would do or the doing of something that a reasonable person would not do

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 3 Questions and Answers