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BUSFIN 3500 IRVINE COMPREHENSIVE EXAM 2026 QUESTIONS AND ANSWERS GRADED A

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BUSFIN 3500 IRVINE COMPREHENSIVE EXAM 2026 QUESTIONS AND ANSWERS GRADED A

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Institution
BUSFIN 3500
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BUSFIN 3500

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Uploaded on
January 20, 2026
Number of pages
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Written in
2025/2026
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BUSFIN 3500 IRVINE COMPREHENSIVE EXAM
2026 QUESTIONS AND ANSWERS GRADED A+

◉ Threshold Requirements. Answer: 1. standing
2. Case or controversy
3. Ripeness


◉ Standing. Answer: a person who has the legal right to bring an
action in court


◉ factors needed for standing. Answer: 1. must have an injury that is
concrete or imminent
2. injury must be fairly traceable to the challenged action of the
defendant
3. must be likely that the injury will be redressed by a favorable
decision


◉ Case or controversy. Answer: ensures that courts do not render
advisory opinions
1. the relationship between the plaintiff and defendant must be
adverse
2. actual or threatened actions of at least one of the parties must give
rise to an actual legal dispute

,3. Courts must have the ability to render a decision that will resolve
the dispute


◉ Ripeness. Answer: judge's decision is capable of affecting the
parties immediately


◉ adversary system. Answer: a judge or jury hears evidence and
arguments that opposing sides present and then decides the case on
basis of facts and law


◉ informal negotiations. Answer: initial attempt to resolve the
dispute


◉ pleadings. Answer: first formal stage where an attorney files a
complaint


◉ default judgment. Answer: judgment in favor of the plaintiff that
occurs when the defendant fails to answer the complaint and the
plaintiff's complaint alleges facts that would support such a
judgment


◉ defendant's response. Answer: defendant responds with an
answer either affirming, denying or claiming no knowledge of the
allegations

, ◉ Default Judgement. Answer: judgement in favor of the plaintiff
that occurs when the defendant fails to answer the complaint and
the plaintiff's complaint alleges facts that would support such a
judgement


◉ Pretrial Stage. Answer: -Informal Negotiations
-Pleadings
-Service of Process
-Defendant's Response
-Pretrial Motions
-Discovery


◉ affirmative defense. Answer: when an answer admits that the
facts are accurate but includes additional facts to justify actions and
provide a legally sound reason to deny relief to the plaintiff


◉ Motion. Answer: request by a party for the court to do something


◉ Motion to dismiss. Answer: request to dismiss the case


◉ Counterclaim. Answer: defendant believes he has a claim against
the plaintiff
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