Business law final exam Study guides, Class notes & Summaries

The concept of stare decisis focuses most on predictability Karen is a strong swimmer. One afternoon she is having a picnic at a lake and sees a man she does not know drowning. Generally, Karen has no legal duty to rescue the man. If in 1900 the Minnesota Supreme Court ruled that a minor can void a contract at any time during minority and, in 2014, the courts in Minnesota still follow this ruling, this is an example of stare decisis Administrative agency rules consist of ...

Michigan Residential Builder's License Test Bank|1190 Questions and Answers, 100% Correct| A+ Rated Solution Guide| Latest What is the 1st offense penalty for engaging in the practice of residential building without a license? Not less than $5K and not more than $25K and/or 1 year What is the penalty for engaging in the practice of residential building, resulting in a death? Not less than $5K and not more than $50K and/or 4 years On your individual builder's license application, what...

ongress enacts a statute, the Federal Deposit Insurance Corporation (an administrative agency) issues rules, the Southeast Financial Institutions Association (a private organizations) issues instructions, South Valley Bank posts a memo with orders for its employees, and Tina tells her co-worker about a recent news story. Sources of law include a. the instructions issued by private associations. b. the orders posted by employers. c. the rules issued by federal administrative agencies. d. the ...

What is the source for copyright and patent law? The constitution, and federal law. Copyright is 99.9% federal What is the source of trademark law? A combo of federal and state law What is the source of trade secret law? Primarily state law What is one of the enumerated powers given to congress? to write copyright and patent law What did the copyright law of 1790 stipulate? Copyright law applied to books, maps, and charts. This lasted for 14 years and had 1 renew...

Real Estate U Final Exam Questions And Answers 2023/2024 Real Estate U Final Exam Questions And Answers 2023/2024 Article 12 A NYS Real Estate Property Law (1) Protect the public (2) Salesperson at least 18 (3) broker at least 20 years . Sponsor Broker that holds salesperson license Summary of Submission Paper you get after registering for NYS test. Bring to tes with you Misedemanor Crime with no more than 1 year prison or $1,000 fine Listing Agreement Agreement between salesperso...

One type of punishment in a criminal case is that the defendant who is held liable must pay a fine to the government. True All schools of jurisprudence assert that the law is one thing and morality is another, and that we should obey even bad laws. False Business 201 is composed of two parts or components. These components are: A Lecture taught by two different professors and a Discussion taught by a Discussion group leader. Which school of jurisprudence is characterized ...

RECA Fundamentals Exam Questions and Answers Already Passed Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the supply of a good when ther...

REAL ESTATE U FINAL EXAM QUESTIONS AND VERIFIED ANSWERS 2024 GRADED A. 2 / 8 1. Article 12-A of the NYS Real Property Law: The section of the NewYork RealProperty Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 years of age 2. Sponsor: A licensed real estate broker that holds the license of a salesperson. 3. "Summary ofYour Submission": ...

BUSINESS LAW FINAL EXAM | QUESTIONS & ANSWERS (SCORED A+) | 100% VERIFEIED LATEST VERSION 2023

Agreement by both parties to a contract. Must be proven objectively, and is often established by showing an offer and acceptance Mutual Assent What is the term of art used to describe mutual assent? Meeting of the Minds What are the two kinds of mistakes? Unilateral Mutual Mutual assent, unless the other part knew or should have known of the mistake Often occurs for contraction bids One person makes a mistake Unilateral Mistake "Two ships peerless" In this cas...