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BLAW 3391 EXAM PACKAGE DEAL WITH COMPLETE SOLUTIONS.
BLAW 3391 EXAM PACKAGE DEAL WITH COMPLETE SOLUTIONS.
[Montrer plus]BLAW 3391 EXAM PACKAGE DEAL WITH COMPLETE SOLUTIONS.
[Montrer plus]Jackie agrees to pay Ben $1,000 if Ben agrees to not go skydiving for six months. After Ben avoids 
skydiving for six months, he asks Jackie for payment. Jackie declines to pay Ben the $1,000. The contract 
between Jackie and Ben: - Answer-will be enforced because Ben exercised forbearance which is ...
Aperçu 3 sur 27 pages
Ajouter au panierJackie agrees to pay Ben $1,000 if Ben agrees to not go skydiving for six months. After Ben avoids 
skydiving for six months, he asks Jackie for payment. Jackie declines to pay Ben the $1,000. The contract 
between Jackie and Ben: - Answer-will be enforced because Ben exercised forbearance which is ...
Sole Proprietorship - Answer-Simplest business form; owner is the business. Owner reports business 
income on personal income tax return and is legally responsible for all debts and obligations incurred by 
the business. 2/3 of all U.S. businesses are formed in this way. 
Sole Proprietorship Advanta...
Aperçu 3 sur 20 pages
Ajouter au panierSole Proprietorship - Answer-Simplest business form; owner is the business. Owner reports business 
income on personal income tax return and is legally responsible for all debts and obligations incurred by 
the business. 2/3 of all U.S. businesses are formed in this way. 
Sole Proprietorship Advanta...
Primary Source of Law - Answer-a document that *establishes the law* on a particular issue, such as 
constitution, a statute, an administrative rule, or a court decision. 
Constitutional Law (4 sources of law) - Answer-law based on documents setting forth for the general 
organizations, powers, and ...
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Ajouter au panierPrimary Source of Law - Answer-a document that *establishes the law* on a particular issue, such as 
constitution, a statute, an administrative rule, or a court decision. 
Constitutional Law (4 sources of law) - Answer-law based on documents setting forth for the general 
organizations, powers, and ...
Contract - Answer-An agreement that can be enforced in court; formed by two or more parties, each of 
whom agrees to perform or to refrain from performing some act now or in the future. 
Bilateral Contract - Answer-promise for a promise 
Unilateral Contract - Answer-promise in exchange for an act 
F...
Aperçu 2 sur 6 pages
Ajouter au panierContract - Answer-An agreement that can be enforced in court; formed by two or more parties, each of 
whom agrees to perform or to refrain from performing some act now or in the future. 
Bilateral Contract - Answer-promise for a promise 
Unilateral Contract - Answer-promise in exchange for an act 
F...
Entrepreneur - Answer-One who initiates and assumes the financial risk of a new business enterprise 
and undertakes to provide or control its management 
Sole Proprietorship - Answer-The simplest form of business organization, in which the owner reports 
business income on his or her personal income...
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Ajouter au panierEntrepreneur - Answer-One who initiates and assumes the financial risk of a new business enterprise 
and undertakes to provide or control its management 
Sole Proprietorship - Answer-The simplest form of business organization, in which the owner reports 
business income on his or her personal income...
What is real property? - Answer--Land and everything attached. 
-Law states land is owned to the center of the earth. 
What is a fixture? - Answer--Part of the land (ex. trees) 
How can real property become personal property? - Answer--Removal from land. 
-(ex. apple from a tree). 
How can personal ...
Aperçu 2 sur 10 pages
Ajouter au panierWhat is real property? - Answer--Land and everything attached. 
-Law states land is owned to the center of the earth. 
What is a fixture? - Answer--Part of the land (ex. trees) 
How can real property become personal property? - Answer--Removal from land. 
-(ex. apple from a tree). 
How can personal ...
Contract - Answer-"a promise or set of promises for the breach of which the law gives a remedy or the 
performance of which the law is some way recognizes a duty." 
Covenant not to complete - Answer-restrict what an employee may do after leaving a company, and they 
often dictate where, when, and ...
Aperçu 2 sur 8 pages
Ajouter au panierContract - Answer-"a promise or set of promises for the breach of which the law gives a remedy or the 
performance of which the law is some way recognizes a duty." 
Covenant not to complete - Answer-restrict what an employee may do after leaving a company, and they 
often dictate where, when, and ...
Constitutional Law - 1st Source of law - Federal and State Constitutions 
Executive Order - Legally binding directive from the president - Ex in 1957 Eisenhower ordered 
federal troops to enforce the Supreme Court's ruling to desegregate the school system 
Treaty - Written Agreement between two or ...
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Ajouter au panierConstitutional Law - 1st Source of law - Federal and State Constitutions 
Executive Order - Legally binding directive from the president - Ex in 1957 Eisenhower ordered 
federal troops to enforce the Supreme Court's ruling to desegregate the school system 
Treaty - Written Agreement between two or ...
sole proprietorship - business owned and operated by one person 
unlimited liability - legal exposure in which an owner of a business is personally liable for all of the 
debts and obligations of the business 
what is the most popular form of business organization in the US? - sole proprietorship 
s...
Aperçu 3 sur 16 pages
Ajouter au paniersole proprietorship - business owned and operated by one person 
unlimited liability - legal exposure in which an owner of a business is personally liable for all of the 
debts and obligations of the business 
what is the most popular form of business organization in the US? - sole proprietorship 
s...
Four requirements for a valid contract - agreement, consideration, capacity, and legality 
Agreement - offer and acceptance, meeting of minds 
Consideration - money, something of value or a promise 
Contractual Capacity - Both parties entering into the contract must have the contractual capacity 
to...
Aperçu 2 sur 8 pages
Ajouter au panierFour requirements for a valid contract - agreement, consideration, capacity, and legality 
Agreement - offer and acceptance, meeting of minds 
Consideration - money, something of value or a promise 
Contractual Capacity - Both parties entering into the contract must have the contractual capacity 
to...
tangible personal property - Answer-personal property that can be moved 
contract - Answer-legally enforceable agreement that is created when two or more competent parties 
agree to perform, or to avoid performing, certain acts that they have a legal right to do and that meet 
certain legal requirem...
Aperçu 2 sur 10 pages
Ajouter au paniertangible personal property - Answer-personal property that can be moved 
contract - Answer-legally enforceable agreement that is created when two or more competent parties 
agree to perform, or to avoid performing, certain acts that they have a legal right to do and that meet 
certain legal requirem...
Laws - Answer-rules governing relationships among individuals and between individuals and their 
society. 
Priorities of Law? (Highest to lowest) - Answer-Federal Constitution 
Federal Statutes 
State Constitution 
State Statutes 
Local Ordinances 
Conflict 
Order of precedence 
Agencies - Answer-cr...
Aperçu 2 sur 6 pages
Ajouter au panierLaws - Answer-rules governing relationships among individuals and between individuals and their 
society. 
Priorities of Law? (Highest to lowest) - Answer-Federal Constitution 
Federal Statutes 
State Constitution 
State Statutes 
Local Ordinances 
Conflict 
Order of precedence 
Agencies - Answer-cr...
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