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BUS Law Chapter 1,2,4,5 vocab words Exam questions and answers Graded A+
BUS Law Chapter 1,2,4,5 vocab words Exam questions and answers Graded A+ Common law -Law developed through judicial decisions rather than through statutes. Case law -Law established by the outcome of former court cases. Statutory law -Law enacted by legislative bodies at any level of government, such as statutes passed by Congress or state legislatures. Administrative law -Rules, orders, and decisions of federal or state government administrative agencies. Stare decisis -The legal princ...
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Bus Law Chapter 4 Exam questions and answers Graded A+
Bus Law Chapter 4 Exam questions and answers Graded A+ Antitrust Laws Legislation enacted to prevent monopolies and promote competition in the marketplace. Arson The criminal act of deliberately setting fire to property. Breach of Dut
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Bus Law Chapter 4 Exam questions and answers Graded A+
Bus Law Chapter 4 Exam questions and answers Graded A+ Antitrust Laws Legislation enacted to prevent monopolies and promote competition in the marketplace. Arson The criminal act of deliberately setting fire to property. Breach of Duty Failure to meet the standard of care that a reasonable person would exercise in a similar situation. Bribery The act of giving or receiving something of value to influence the actions of an official or other person in charge. Conspiracy An agreement ...
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bus law chapter 22 questions and answers Graded A+
bus law chapter 22 questions and answers Graded A+ Ulta Vires Act an act by a corporation that is beyond its express or implied powers domestic corporation a corporation in the state in which it is incorporated Foreign Corporation a corporation in any state in which it does business except the one in which it is incorporated Alien Corporation a business that is incorporated in a foreign country Promoters A person who begins the corporate creation and organization process. Subscriber...
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Bus Law Exam 1 questions and answers Graded A+
Bus Law Exam 1 questions and answers Graded A+ Common Law -Body of law originating in England derived from judicial decisions; recognizes the usages and customs of society. Stare Decisis -The doctrine that once a court lays down a legal principle for a set of facts, it will apply it to all future cases with substantially similar facts. Plaintiff -The person suffering an injury or incurring damages who initiates the lawsuit. Defendant -The alleged wrongdoer who is being sued by the plainti...
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BUS LAW EXAM 2 questions and answers Graded A+
BUS LAW EXAM 2 questions and answers Graded A+ Court systems structure -State judicial system and federal are different, court of appeal, supreme court Petition for Certiorari, writ of certiorari -You need to use a petition to get to the supreme court state courts resolve more than 95% of the lawsuits brought in this country - each state has its own seperate court system lawsuit requirements -jurisdiction, venue, standing to sue jurisdiction -the authority of a cou
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BUS LAW Exam questions and answers Graded A+ Law
BUS LAW Exam questions and answers Graded A+ Law body of rules of conduct that regulate the conduct of individuals, businesses and other regulations Law example someone steals your car, law provides rules allowing the government to punish the thief Morality personal beliefs about right and wrong Law vs. Morality Law is different from Mor
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bus law Exam questions and answers Graded A+ The right of employees to bring claims against their employer under Title VII of the Civ
bus law Exam questions and answers Graded A+ The right of employees to bring claims against their employer under Title VII of the Civ
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bus law Exam questions and answers Graded A+ The right of employees to bring claims against their employer under Title VII of the Civ
bus law Exam questions and answers Graded A+ The right of employees to bring claims against their employer under Title VII of the Civ
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Bus Law Exam questions and answers Graded A+
Bus Law Exam questions and answers Graded A+ What is a case brief? -A summary of a court case including facts, issue, rule, analysis, and holding. What are the main parts of a case brief? -Facts, Issue, Rule, Analysis/Reasoning, Holding What is diversity of citizenship jurisdiction? -When federal courts hear cases between citizens of different states. What two requirements must be met for diversity jurisdiction? -Different states and amount in controversy o
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Bus Law Exam questions and answers Graded A+
Bus Law Exam questions and answers Graded A+ 1. statuary Laws -laws enacted by the fed gov and state legislatures Statues -laws enacted by state assembly or legislature Ordinances -laws by county 2. Administrative agencies -law from both state and federal levels Rule making -rules orders and decisions of administrative agencies Legislative rules: -under the administrative procedure act involves: 1. Notice of the proposed were making. Publis
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Bus law Exam questions and answers Graded A+
Bus law Exam questions and answers Graded A+ Which of the following is a duty a principal has toward the agent? -A principal must reimburse the agent for expenses incurred during the agency Which of the following best describes an agency coupled with an interest? - It is an agency in which an agent has a financial stake in performance of the contract A hostile work environment exists when harassing conduct alters the terms or conditions of employment -True A principal may ratify an unaut...
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BUS LAW Exam questions and answers Graded A+
BUS LAW Exam questions and answers Graded A+ Marie claims that a Nebraska state statute infringes on her "procedural due process" rights. This claim focuses on -procedures used in making decisions to take life, liberty, or property. Jon, a law enforcement official, monitors Kelsey's Internet activities—e-mail and Web site visits—to gain access to her personal financial data and student information. This may violate Kelsey's right to -privacy. A law that has any impact on r...
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Bus Law Exam questions and answers Graded A+
Bus Law Exam questions and answers Graded A+ Bob and Sue enter into a bilateral contract, which is created when Bob gives a promise in exchange for Sue's... A) Payment of money only B) Performance of a particular act only C) A promise only D) Prudent awareness only -C) A promise only When Sue's car breaks down, she asks Insta-Tow Inc. to tow it to Bob's Repair Shop. There is no disc
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bus law Exam questions and answers Graded A+
bus law Exam questions and answers Graded A+ Which country is the United States legal system derived from? The United Kingdom. What is the function of law in the United States? To establish standards, promote consistency, and maintain order. As a judge, Baxter applies common law rules. From where do common law rules develop? From decisions of the courts in legal disputes. Where does a new statute enacted by Wyoming apply? In Wyoming only. What source of law governs a lawsuit for failur...
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BUS Law Exam questions and answers Graded A+
BUS Law Exam questions and answers Graded A+ Rule of Law -System where laws are predictable, enforced equally, protect property rights, and create social stability and wealth creation Purpose of the legal system -Provide remedies for disputes and maintain order through criminal, civil, and regulatory processes Substantive law -Defines rights and duties; the "what" of the law Procedural law -Defines how rights are enforced; the "how" of the law Civil law -Private disputes betwe...
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Bus law Exam questions and answers Graded A+
Bus law Exam questions and answers Graded A+ ....... are laws passed by.......bodies such as congress or states legislatures statures, legislative ...........are rules LLCs Require only an operating agreement and have no required annual meetings, giving members maximum flexibility. Corporations Better for raising capital because they can issue preferred stock classes, making them attractive to investors. Piercing the veil Courts will pierce the veil of both LLCs and Corporations if ow...
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Bus Law Final Exam questions and answers Graded A+
Bus Law Final Exam questions and answers Graded A+ What are Fiduciary Duties -corporate directors and officers who owe duties to the corporation and shareholders Duty of Care -Make informed, careful decisions. Duty of Loyalty -Act in best interest of the company FLSA -Regulates minimum wage, overtime pay, and child labor What caused for the Sarbanes Oxley Act to be passed? -major corporate scandals What does the Sarbanes Oxley Act primarily
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Bus Law Final Exam questions and answers Graded A+
Bus Law Final Exam questions and answers Graded A+ FOB -Free on board FAS -Free along side CIF -Cost, insurance and freight to named port CF -Only cost and freight to named destination EX SHIP -Opposite of FAS; term requires seller to bear risk of unloading goods from the ship Requirements Contract -The promise by a buyer to purchase all of their required material/commodities fr
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Bus law midterm 3 questions and answers Graded A+
Bus law midterm 3 questions and answers Graded A+ Jury system improvement act -prohibits an employer from terminating, threatening to terminate or penalizing an employee for serving on a jury. affidavit -written statement made under oath Lanham Act -Law for trademarks Trade dress -the image and overall appearance of a product Liklihood of confusion -The use
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