BUSI 301 Liberty University -BUSI 301 Practice Quiz 1 with complete solutions

BUSI 301 Liberty University -BUSI 301 Practice Quiz 1 with complete solutionsDeveloping legal insight by understanding the fundamentals of legal theory is the first step in learning how to make legal decisions in a business. - correct answer True Which of the following is an example of equitable relief? a. a statutory scheme b. a fine imposed for speeding c. a breech of contract d. a restraining order - correct answer D. A restraining order In some cases, a party will not necessarily be fully or even partially compensated through money damages. In such a case, a court may award equitable relief instead of (or in addition to) a remedy at law. Most commonly, equitable relief can include an injunction or restraining order and specific performance. Venue is the determination of the most appropriate court location for litigating a dispute. - correct answer True Fundamentally, state trial courts rule on certain points of state law and render a decision. That decision is binding on the parties, and on everyone else. - correct answer False Summary jury trials are used primarily in federal courts but have been used by state courts when there are complex issues to be litigated. - correct answer True