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LSB 3213 John Holden Oklahoma State Exam 3 Questions and Correct Verified Answers Latest Version

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All of the following are methods that a sole proprietorship can raise money except A) Private loans. B) Commercial loans. C) Sell ownership in the business. D) Line of credit Sell ownership in the business Which of the following is true about a sole proprietorship? A) It is subject to corporate income tax. B) Sole proprietorships face double taxation. C) The owner reports income and expenses on the owner's own tax return. D) The owner must file a tax return on behalf of the busin...

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LSB 3213 Exam 4 Questions and Correct Verified Answers Latest Version

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A condition precedent must be met before a party's performance can be required. True A party normally satisfies its duties under a contract by novation. False Complete performance occurs when conditions in a contract are fully satisfied. Performance that provides a party with most of the benefits of a contract, in spite of a deviation from the terms, is substantial performance. An intention variation from a contract prevents substantial performance. False Master01 | Septemb...

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LSB 3213 Exam 1 (Lucas) Questions and Correct Verified Answers Latest Version

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What are the four key sources of law? Constitutions Statutes Administrative Common law The roles of parties in litigation The plaintiff is the one bringing the action (suing), the defendant is the one who action is being brought upon. (In criminal cases, the prosecutor is the one who presses charges against the defendant.) Stare decisis Act on precedence. Two aspects: (1) A court should not overturn its own precedents unless there is a compelling reason to do so and (2) dec...

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LSB 3213 Exam 2 - Holden Questions and Correct Verified Answers Latest Version

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Illegal contracts are A) Void B) Voidable C) Unjust D) A violation of the Uniform Commercial Code A In general, contracts for the sale of goods are governed by: A) the Uniform Commercial Code. B) state statutory law based on the Uniform Commercial Code. C) state common law. D) federal regulations. B Master01 | September, 2024/2025 | Latest update 1 | P a g e | © copyright 2024/2025 | Grade A+ Will and Kendrick live in a state that requires that contracts involving transactio...

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LSB 3213 Exam 1 (Okstate) Questions and Correct Verified Answers Latest Version

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knowledge of "black-letter" law and what conduct leads to liability is enough false areas of law that affect business decision making contracts, intellectual property, product liability, torts, sales, internet law (privacy), environmental law torts defined common law jurisdiction; a civil wrong that causes someone else to suffer loss primary sources of law those that establish the law, such as constitutions, statutes, and regulations what do secondary sources of law do M...

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LSB 3213 Exam 1 Okstate Questions and Correct Verified Answers Latest Version

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Constitutional Law Supreme law that is the trump card. Federal government and the states have separate written constitutions that set forth the general organization, powers, and limits of the respective governments. Law as expressed in these constitutions. If a law violates a provision of the constitution, it will be declared unconstitutional. Statutory Law created & passed by legislative bodies that have been elected (also includes local ordinances). A federal statute applies to ...

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LSB 3213 - Exam 5 Questions and Correct Verified Answers Latest Version

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Suppose that Warren is sitting in his living room watching his favorite television show when a rock smashes through his roof, landing just next to him. He immediately heads outside his house to discover that the rock came from blasting being performed by Wiley blasting company, Inc. On an adjacent lot. Warren suffer severe emotional distress because of the experience. What is his best theory of recovery against Wiley? Strict Liability Written defamation is known as Libel Which of...

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LSB 3213 Unit 1 Exam Study Guide Questions and Correct Verified Answers Latest Version

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What is a bill draft or proposed statute that a legislature has not yet passed or the executive has not yet approved What is a statue created by a legislative body for the passage of federal law What is an ordinance, and what types of issues do ordinances generally regulate? statutes at local level are ordinances. Generally regulate issues such as time zone or impose health and safety regulations on local merchants such as restaurants. What is common law? essential law made by...

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IN4MATX 43 Questions and Correct Verified Answers Latest Version

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software engineering multi person construction of multi version software in4matx 43 definition of software engineering process of constructing software; phases of development other than programming, principles and qualities of enduring value 3 perspectives of software engineering business, engineering, design business perspective cost, time, profit engineering perspective internal quality design perspective Master01 | September, 2024/2025 | Latest update 1 | P a g e | © copyr...

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