- Study guides, Class notes & Summaries

actual Objective Assessment (OA) questions and verified correct answers for the WGU D216 Business Law for Accountants course. It covers key exam topics including ethics, constitutional law, contracts, the Uniform Commercial Code, intellectual property, business entities, agency law, securities regulation, and bankruptcy. The material is fully aligned with the latest 2026 WGU OA update and is ideal for targeted exam preparation and final review.

WGU D216 BUSINESS LAW FOR ACCOUNTANTS EXAM: |OA| OBJECTIVE ASSESSMENT, (LATEST 2026–2027 UPDATE), WITH CORRECT/ACCURATE ANSWERS

WGU D216 BUSINESS LAW FOR ACCOUNTANTS: OA OBJECTIVE ASSESSMENT (LATEST 2026–2027 UPDATE), WITH CORRECT/ACCURATE ANSWERS

Why is consideration important for a contract to be legally binding? Consideration is important because it ensures that something of value is exchanged, making the contract enforceable. Consideration is important because it outlines the terms of the agreement. Consideration is important because it provides a written record of the contract. Consideration is important because it defines the parties involved in the contract. 2. A service mark is: A credit that appears at the end of a motion pi...

WGU D216 BUSINESS LAW FOR ACCOUNTANTS EXAM 2025|160 QUESTIONS WITH 100% ACCURATE SOLUTIONS 1. The duties we owe others imply that humans have fundamental rights. This ________ is foundational to Western culture and asserts that whether a business decision is ethical depends on how the decision effects the rights of all involved. Situational realism Ethical relativism Principle of rights Rule of reason Cost-benefit analysis 2. Preferred stock is called preferred because it usually has two pref...

Describe how administrative law is formed and its significance in governance. Administrative law is formed through rules, regulations, orders, and decisions made by administrative agencies, and it is significant because it allows these agencies to effectively implement and enforce laws. Administrative law is a set of laws that only applies to federal agencies. Administrative law is primarily concerned with criminal justice. Administrative law is created by the legislative branch to interpret...

In a situation where a debtor defaults on a loan, how does the concept of suretyship affect the creditor's ability to recover the owed amount? The creditor can seek repayment from the surety, who is primarily responsible for the debtor's obligation. The creditor loses the right to collect any amount owed. The creditor cannot pursue the surety until the debtor is declared bankrupt. The creditor must wait for the debtor to recover before seeking payment. 2. In a bankruptcy case, if an insi...

What is the definition of a merchant in the context of contract law? A legal representative of a business. A person who only sells goods occasionally. A consumer who buys goods for personal use. An expert in the field of goods one purchases and sells. 2. Describe the implications of a shipment contract for the buyer and seller in terms of liability. In a shipment contract, both parties share liability for losses during transit. In a shipment contract, the buyer assumes liability for losses or...

Business Law Essentials for Accountants: WGU D216 Course Guide

WGU BUSINESS LAW FOR ACCOUNTANTS - D216 LATEST QUESTIONS WITH CORRECT DETAILED ANSWERS.