Legl 2700 test 3 - Study guides, Class notes & Summaries

LEGL 2700 UGA Test 1 Questions and Answers | Latest Version | 2024/2025 | 100% Pass What is the primary purpose of contract law? To enforce agreements made between parties and ensure that promises are fulfilled in a legally binding manner. What elements must be present for a contract to be legally enforceable? Offer, acceptance, consideration, mutual assent, and a legal purpose. How does consideration function in a contract? Consideration refers to something of value exchan...

Role of Scarcity (property) - correct answer need for resources overtakes supply of those resources State controlled/communism - correct answer govt controls resources and directs how they're divided between citizens; control means of production Property-based/capitals - correct answer enact laws that enable citizens to acquire, possess, use, and transfer resources; free market States generally have a mix - correct answer not purely one or the other Real Property - correct answer lan...

Legl 2700 Test 3 With Questions and Answers 2024...

LEGL 2700 Test 3 Epstein UGA Exam Actual Real Set Questions With Revised Correct Answers | Passed!! Role of Scarcity (property) - ANSWER : need for resources overtakes supply of those resources State controlled/communism - ANSWER : govt controls resources and directs how they're divided between citizens; control means of production Property-based/capitals - ANSWER : enact laws that enable citizens to acquire, possess, use, and transfer resources; free market States generally ...

LEGL 2700 Test 3 Epstein UGA Exam Questions And Correct Answers...

Role of Scarcity (property) -Correct Answer need for resources overtakes supply of those resources State controlled/communism -Correct Answer govt controls resources and directs how they're divided between citizens; control means of production Property-based/capitals -Correct Answer enact laws that enable citizens to acquire, possess, use, and transfer resources; free market States generally have a mix -Correct Answer not purely one or the other Real Property -Correct Answer land,...

LEGL 2700 Test 3 Questions and Answers (Graded A)

LEGL 2700 test 3 Epstein UGA Exam Questions Solved Role of Scarcity (property) - Answer -need for resources overtakes supply of those resources State controlled/communism - Answer -govt controls resources and directs how they're divided between citizens; control means of production Property-based/capitals - Answer -enact laws that enable citizens to acquire, possess, use, and transfer resources; free market States generally have a mix - Answer -not purely one or the other Real Pr...

LEGL 2700 Test 3 with complete solution / Latest updated .

LEGL 2700 Test 3 Epstein UGA Questions and Answers | Latest Update | 2024/2025 | Graded A+ What is the business judgment rule? The business judgment rule protects corporate directors from liability for decisions made in good faith and with reasonable care, even if the decisions turn out poorly. What does piercing the corporate veil involve? Piercing the corporate veil involves holding shareholders personally liable for a corporation's debts or actions, typically when the corpo...

LEGL 2700 test 3 Epstein UGA Questions And Answers Criminal Law - Answer -- Protects wrongs against society. - Authority in federal and state codes(penal codes). - Governement is the party prosecuting. Felonies vs. Misdemeanors - Answer -- Felonies o Indictment = Grand Jury o Fine or Imprisonment > 1 year - Misdemeanor o Information = Gov't Charge o Fine or Jail < 1 year 3 criminal pleas - Answer -Guilty, Not Guilty, Nolo Contendere("no contest") Trends in White-Colla...