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BUS LAW MIDTERM Exam questions and answers Graded A+
BUS LAW MIDTERM Exam questions and answers Graded A+ Law -A body of enforceable rules governing relationships among individuals and between individuals and their society. Four Primary Sources of Law in the U.S. -Constitutional Law, Statutory Law, Administrative Law, Case Law and Common Law Doctrines. Constitutional Law -The body of law derived from the U.S. Constitution and state constitutions. The U.S. Constitution is the supreme law of the land. Federal System -A system of government i...
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bus law midterm Exam questions and answers Graded A+
bus law midterm Exam questions and answers Graded A+ law body of rules of action or conduct prescribed by a controlling authority and having bind legal force functions of the law - keeping the peace o certain activities are crime - shaping moral standards o discourage drug and alcohol abuse - promoting social justice o prohibit discrimination in employment - maintaining status quo o prevent forceful overthrow of gov - facilitating orderly change o laws enacted after study, debate,...
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BUS LAW questions and answers Graded A+
BUS LAW 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 Morality, but both are linked. The law may duplicate what is moral ("right or wron
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Bus Law questions and answers Graded A+
Bus Law questions and answers Graded A+ Because a writ of attachment is a prejudgment remedy, a debtor does not need to be given notice and an opportunity to be heard before the property is seized. - False A buyer in the ordinary course of business takes goods subject to any security interest created by the seller because otherwise the free flow of credit would be hindered. -False Barth borrows funds from City Bank to pay his tuition. His mother Debi co-signs the credit application. Afte...
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BUS Law questions and answers Graded A+
BUS Law questions and answers Graded A+ Tort -A violation of a duty imposed by civil law. Intentional Tort -Harm caused by a deliberate action. Defamation -A false statement that harms someone's reputation. Libel -Written defamation. Slander -Oral defamation. Slander Per Se -Spoken statements about crimes, sexual conduct, contagious disease, or professional ability that are presumed harmful. Libel Per Se -Written statements about crimes
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Bus law test 1 Exam questions and answers Graded A+
Bus law test 1 Exam questions and answers Graded A+ Purpose of law -Keep peace, maintain order, and provide safety Civil law -Disputes between individuals involving money Criminal law -Government prosecutes wrongdoing seeking jail or fines Negligence -Accidental harm caused by failure to act reasonably Constitutional law -Law protecting rights like speech and religion Federal law -Governs relationship b
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Bus Law Test 1 Exam questions and answers Graded A+
Bus Law Test 1 Exam questions and answers Graded A+ Law -Enforceable rules governing individuals and society that settle disputes, protect individuals, and promote social objectives. Primary Sources of Law -Binding and enforceable sources of law, including constitutions, statutes, and regulations. Secondary Sources of Law -Nonbinding sources used as persuasive authority, such as legal commentary or articles. Constitution -The supreme law of the United States and the basis of all law. S...
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BUS Law Test 1 Exam questions and answers Graded A+
BUS Law Test 1 Exam questions and answers Graded A+ Law -body of enforceable rules, rights, and privileges that govern relationships between individuals or individuals and society constitutional law -lays out the organization, powers, and limitations of the US & states governments statutory law -legislation passed by congress / state legislature administration law -congress delegates the admin & implementation of the of legislation to different government agencies case law -judicial bra...
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BUS LAW test 1 Exam questions and answers Graded A+
BUS LAW test 1 Exam questions and answers Graded A+ Sole Proprietorship -A business owned by one person with no legal distinction between the owner and the business. The owner has unlimited personal liability and profits are taxed directly to the owner. General Partnership -Two or more persons carrying on as co-owners of a business for profit. Joint Venture -A partnership formed for a specific project or limited purpose. Limited Liability -A legal protection where owners are not persona...
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BUS LAW Test 1 questions and answers Graded A+
BUS LAW Test 1 questions and answers Graded A+ Sources of Law - U.S Constitution - Statutes - Precedent/common/case law Jurisdiction the power of a court to hear a case homefield advantage - proximity - familiarity - "fans" Subject matter - means you have to be in the right "type" of court (checked off), easily fixable ex: family court, landlord/tenant court Personal Jurisdiction "does court have jurisdiction over de
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bus law test 1 questions and answers Graded A+
bus law test 1 questions and answers Graded A+ What historical document is foundational to American law? -The Magna Carta of 1215. What is the principle of Stare Decisis? -The obligation of judges to follow precedents set by previous cases. What are the two main types of remedies in law? -Legal remedies (monetary damages) and equitable remedies (non-monetary actions). What is the difference between common law and statutory law? -Common law is made by judges through case decisions, while ...
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Bus Law Test 2 Exam questions and answers Graded A+
Bus Law Test 2 Exam questions and answers Graded A+ Actionable -capable of serving as the basis of a lawsuit Actual Malice -A condition that exists when a person makes a statement with either knowledge of its falsity or a reckless disregard for the truth. In a defamation suit, a statement made about a public figure normally must be made with actual malice for liability to be incurred. Assault -Intentional immediate apprehension of harmful conduct (the threat) Assumption of risk -A defen...
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BUS LAW test 2 Exam questions and answers Graded A+
BUS LAW test 2 Exam questions and answers Graded A+ What is product liability? -A product defect causes injury or property damage to consumers, users, or bystanders. What does strict liability entail? -Liability without regard to fault, foreseeability, standard of care, or causation. What is the significance of Rylands v. Fletcher (1868)? -It established principles regarding strict liability for damages caused by hazardous activities. What are the assumptions regarding strict liability? ...
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BUS LAW test one questions and answers Graded A+
BUS LAW test one questions and answers Graded A+ In an effort to reduce traffic, Bay Town enacts an ordinance that allows only a few specific street vendors to operate in certain areas. A court would likely review this ordinance under the principles of the First Amendment. the due process clause. the equal protection clause. the commerce clause. -the equal protection clause
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BUS LAW U. 8/U. 9 questions and answers Graded A+
BUS LAW U. 8/U. 9 questions and answers Graded A+ If an owner entrusts the possession of goods to a merchant who deals in goods of that kind, the merchant has no authority to transfer any rights in the goods to a buyer in the ordinary course of business. T/F? -False What may a buyer do if a seller does not provide goods that were described in the contract? -Accept the nonconforming goods as is. Reject the goods subject to the seller's curing the deficiency in the goods. Reject the goo...
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Bus Law Unit 2 Exam questions and answers Graded A+
Bus Law Unit 2 Exam questions and answers Graded A+ Federal Court -a court established by a federal government, like the one in the U.S., that has jurisdiction over cases involving the U.S. Constitution, federal laws, treaties, or disputes between states. District Court -the trial court where most federal and some state cases begin, responsible for hearing both civil and criminal cases to determine facts and apply the law. These courts are the entry-level courts in the judicial system, an...
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Bus Law Unit One- Chapter One Exam questions and answers Graded A+
Bus Law Unit One- Chapter One Exam questions and answers Graded A+ The Federal System Our federal system of government means that law comes from a national government in Washington, D.C., and from 50 state governments. Legal History The history of law foreshadows many current legal issues, including mediation, partnership liability, the jury system, the role of witnesses, the special value placed on land, and the idea of precedent. Primary Sources of Law Actual laws; these include cons...
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BUS Law (Ch 4,2,10) Exam questions and answers Graded A+
BUS Law (Ch 4,2,10) Exam questions and answers Graded A+ United States Constitution -the plan of government for the United States How many articles are in the Constitution? -7 How many amendments are in the Constitution? -27 Who wrote the Constitution? -The States, which created federal law Federalism -A system in which power is divided between the national and state governments
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BUS LAW (CONTRACTS) questions and answers Graded A+
BUS LAW (CONTRACTS) questions and answers Graded A+ When Sue's car breaks down, she asks Insta-Tow, Inc. to tow it to Bob's Repair Shop. There is no contract of a price, and Sue and Insta-Tow do not sign any documents. Later, Insta-Tow sends Sue a bill. With respect to Sue's obligation to pay the bill, this is -(c) a. an express contract b. no contract c. an implied contract d. a quasi contract Sue offers to sell Bob her text
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Bus Law- Exam 2 questions and answers Graded A+
Bus Law- Exam 2 questions and answers Graded A+ Ethics in Law Ethics are inherently relative, but legislatures often codify mores that reflect community consensus The moral minimum compliance with the law Company code of ethics Typically goes beyond the Moral Minimum Industry code of ethics Addresses concerns specific to the industry Principles of rights Humans have basic rights that should be upheld Kantian ethical principles People are not a means to an end (i.e profit producing m...
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