Bus 1001 - Study guides, Class notes & Summaries

Tort law is similar to criminal law in that __________.  they both have primarily developed in common law courts  they both require specific intent on the part of the defendant  they both require a wrongful act by a defendant for the plaintiff to recover  they both require specific intent on the part of the plaintiff CONCEPT Introduction to Tort Law 2 The Uniform Commercial Code (UCC) is the primary source of law for contracts regarding __________.  the sale or leas...

Yvette is the owner of a restaurant run by a general manager named Paul, whom Yvette closely supervises. Paul recently hired two new dishwashers. Unbeknownst to Yvette, Paul pays them less than the minimum wage because he knows they need the job. The dishwashers eventually obtain legal help and sue Paul and Yvette for violating minimum wage laws. Is Yvette criminally liable?  No, Yvette cannot be held liable because she had no knowledge of Paul's actions.  Yes, Yvette may be held...

Unit 3 Challenge 1 According to the Copyright Clause, intellectual property rights are important because they __________.  a.) encourage the sharing of ideas among companies  b.) encourage creativity and the invention of new products  c.) promote equality within society  d.) generate competition and place downward pressure on pricing A deed transferring ownership of a house to you once your mother chooses to move out of the house and into a nursing home would be _________...

Unit 1 Challenge 1 Statutory law is created by __________.  a.) the legislative branch  b.) the judicial branch  c.) all three branches of government  d.) the executive branch If the U.S. Constitution does not give the federal government explicit jurisdiction over an area of law, the jurisdiction falls to __________.  a.) the courts  b.) the states  c.) the President  d.) the people Select the true statement about substantive law in the U.S.  a.) ...

Unit 1 Challenge 2 Which of the following individuals would benefit most from an LLC? a.)Tessa has a great idea for a start-up and wants a form of business organization that will make it easy for her to raise funds quickly. b.)Gerald wants to formalize his business, but he's interested in the simplest form of business organization and not really worried about liability. c.)Hector is thinking of starting a business and wants a form of organization that gives him flexibility and adaptabil...

Unit 2 Challenge 1 A purpose of the Statute of Frauds is to __________.  a.)prevent one party from falsely claiming that a contract was formed in certain areas of exchange  b.)enforce the full execution of oral contracts  c.)outline the penalties for committing fraud in certain kinds of contracts  d.)ensure

Unit 2 Challenge 3 A man is in a car accident, and a woman who sees the accident rushes over to help him. The man ends up with permanent partial paralysis resulting from the woman's care. The injured man later sues the woman for negligence. Assuming it is true, which of the following would represent a strong defense against the negligence claim?  a.) The man knowingly and voluntarily assumed the risks associated with driving a car.  b.) The man has a documented history of speedi...

Unit 2 Challenge 1 A purpose of the Statute of Frauds is to __________.  a.)prevent one party from falsely claiming that a contract was formed in certain areas of exchange  b.)enforce the full execution of oral contracts  c.)outline the penalties for committing fraud in certain kinds of contracts  d.)ensure that contracts formed for fraudulent purposes are preserved in writing A contract is usually rendered unenforceable when __________.  a.)the contract is formed under ...