Court of chancery Study guides, Revision notes & Summaries

Law a regime or structure that orders (or controls) human relations in society/groups- it is a set of rules, involving the issuance of prescriptions (things that must be done) and proscriptions (things that must not be done). requiring or using the systematic application of force for enforcement. It needs to be predictable, routinized and faithfully enforced. law merchant medieval legal system prevalent in Europe that established practical rules of commerce and trade Brainpower...

Closely Held Organizations - correct answer small group of people (like family owned) Publicly Held Organization - correct answer A corporation that may have thousands of stockholders and whose stock is regularly traded on a national securities exchange. basic forms of business organizations - correct answer 1. Sole Proprietorship 2. Partnership 3. Corporation hybrid forms of business organizations - correct answer -limited partnerships -s corporations -limited liability companies ...

What is our state court system derived from? - English common law Tennessee's state court system is an offspring of ______ interpretation. - North Carolina "The judges of the supreme, appellate, chancery, circuit, general sessions, and juvenile courts throughout the state, judicial commissioners and county executives in those officer's respective counties" = ? - magistrate What officials are magistrates? - judges, judicial commissioners No person can be committed to prison on any crimi...

What is law? - the system of rules which a particular country or community recognizes as regulating the actions of its memberss and which it may enforce by the impostition of penalties What is civil law? - no criminal charges, suing, divorcing, all about using the judicial legal power of state through the courts to resolve private disputes Private Law - Torts, contracts, property Public law - Criminal Law Constitutional Law Administrative Law Defendant - the person being charge...

business law Collin College -Business Law correctly answered graded A+precedent - correct answer an earlier case that decide the same legal issue as that presently in dispute, and which therefore will control the outcome of the current case. common law - correct answer Judge-made law, that is, the body of all decisions made by appellate courts over the years. statute - correct answer a law passed by a legislative body, such as Congress. Court of Chancery - correct answer a court of equi...

Laws and regulations affect virtually ____ - all business activities Business Decisions are affected by: - Torts, Agency Law, Product Liability, Intellectual Property Rights, Negotiable Instruments, Creditors' Rights, Sales Law, Contracts, Procedural Law, Courts, Environmental Law, Business Organizations, Local Laws, State Laws, National Laws and many other potential legal factors. Sources of American law: - -Constitutional law -Statutory law ~Ordinances ~Uniform Laws (NCCU...

Comparative Law Exam 1 Question Responses 1. What are the major similarities/differences between the French Civil Code (1804) and the German Civil Code (1896)? - The French Civil Code was established after the French revolution when French society and politics were undergoing radical changes - revolutionaries wanted to get rid of the legal profession (judges and lawyers) because they were seen as part of the elitist oppressive class that represented the will of the monarchy. Lawyers were ...

If there is a complaint against licensee, they must answer in how many days? 10 days If a customer sees a timeshare and buys it how long do they have to cancel the purchase? 10 days If the customer does not see the time share and buys it how long do they have to cancel the purchase? 15 days If customer cancels purchase how long does the developer have to refund all the monies? 30 days If a public offering statment is incomplete how long do you have to ammend it? ...

To what extent was England's government fundamentally transformed in the years 1509 to 1547? - Was transformed: -Elton's thesis, Cromwell revolutionized government from 'medieval to modern' Wasn't transformed: -Wolsey simply altered existing parts of the government to make them more effective, but he did not introduce any new reform e.g. Court of Star Chamber and Chancery and reform in Privy Chamber (excludes Gentlemen of the Chamber) -Wolsey made changes to how finance was collected...

Business Law questions with answers graded A+precedent - correct answer an earlier case that decide the same legal issue as that presently in dispute, and which therefore will control the outcome of the current case. common law - correct answer Judge-made law, that is, the body of all decisions made by appellate courts over the years. statute - correct answer a law passed by a legislative body, such as Congress. Court of Chancery - correct answer a court of equity in England and Wales t...