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bmgt380 chapter 9 Questions and Answers Fully Solved 100%

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executed contracts - ️️when all of the parties have fully performed their contractual duties until such duties have been fully performed Relationship of the UCC and the Common Law of Contracts - ️️code does not change all of the traditional contract rules. courts have demonstrated a signifigant tendency to apply code contract concepts by analogy to some contracts that are not technically governed by article 2 express contracts - ️️parties have directly stated in terms of their ...

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bmgt380 final study guide Questions And Answers Already Graded A+

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injunction (equitable remedy) - ️️-when a court orders someone to do something or to stop doing something. This can be invoked even when a breach has merely been threated and it has not yet occurred. Or it can be ordered or issues after breach has occurred. -Only available when the breach is likely to cause irreparable injury -Only available when the breach or threat of breach is likely to cause irreparable harm what does it mean when contractual obligations are unconditional? - ️️...

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BMGT 380 - Business Law Midterm #1 Questions And Answers With Verified Tests 100% Correct Answers

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Federal Court of Appeals - ️️Circuit courts that hear appeals from the district courts within their respective federal judicial circuit and are considered to be very powerful and influential in their own right. 1-11 are for their respective states, the 12th is DC circuit court of appeals, and the 13th is the Federal circuit (hears appeals from specialized federal courts). Functions of Law - ️️1. Peace keeping 2. Control government power 3. Promoting people's reasonable expectat...

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BMGT 380 Exam 3 Questions And Answers Already Graded A+

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Substantial performance standard - ️️slightly lower standard applied to duties that are difficult to perform without some deviation from perfection in minor respects -service contracts 4 excuses of conditions - ️️-party being benefited from condition has prevented/hindered it from occurring -waiver (automatically give up right to condition occurring) -estoppel (when you've relied on my waiver/representation I am estopped from asserting the condition) -performance of condition ...

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BMGT380 Exam 3 (Questions & Answers) Rated 100%

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lumber for 32 houses, the lumber mill which Good pine used to produce all its lumber and the lumber designated for Harry was struck by lightning and burned down. - ️️A. Good Pine may cease performing the contract on the basis of impossibly because the subject matter of the contract was destroyed. An agent may lawfully conceal the _____________ of the principal - ️️D. Both a and b: a. existence b. identity Turgeon and Durkin, impoverished employees of the University of Maryland, d...

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BMGT380 - Chapter 2 part 1 (State and Federal Courts) Questions and Answers Fully Solved 100%

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Trial courts - ️️Where most cases get started in the state court system. Differ from courts of limited jurisdiction in 2 important ways: -No limit to what they can hear -Is a court of record. Typically every county in each state has one of these courts, and may be called circuit, county or superior courts. May have criminal vs. civil distinctions however. In Personam - ️️Against a person. A legal proceeding instituted to obtain decrees or judgments against a defendant, either a pe...

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BMGT 380 Exam 2: Contracts (Questions & Answers) Rated 100%

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Requirements of an offer - ️️First, they look for some objective indication of a present intent to contract on the part of the offeror. Second, they look for specificity, or definiteness, in the terms of the alleged offer. Third, they look to see whether the alleged offer has been communicated to the offeree. Freedo elements of a contract - ️️made up of an offer and an acceptance of that offer. In addition, there usually must be consideration to support each party's promise. The...

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BMGT380 Chapter 12: Consideration Questions And Answers Already Graded A+

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Illusory Promises - ️️For a promise to serve as consideration in a bilateral contract, the promisee must have promised to do, or to refrain from doing, something a the promisor's request. Illusory if it does not bind the promisee to do or refrain from doing anything such a promise could not serve as consideration. What if a promisor did not ask for anything in exchange for making her promise or if the promisor asked for something that does not have legal value? Is the promise enfor...

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BMGT380 Chapter 15- Illegality Questions and Answers Fully Solved 100%

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Ancillary Covenant Not to Compete - ️️a promise that is ancillary to (part of) a valid contract whereby one party to a contract agrees not to compete with the other party for a specified time and within a specified location. aka, non-competition clause Public Policy - ️️widely shared view about ideas, interests, institutions, or freedoms to promote pubic welfare *changes over time, rarely absolute* Illegal Agreement - ️️i. violates statutes ii. violate public policy determined...

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