Blaw ttu Study guides, Class notes & Summaries
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BLAW 3391 TTU Exam 2 Questions And Answers (Verified And Updated)
- Exam (elaborations) • 16 pages • 2024
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BLAW 3391 TTU Exam 2 Questions 
And Answers (Verified And Updated) 
Sole Proprietorship - answerSimplest business form; owner is the business. Owner reports 
business income on personal income tax return and is legally responsible for all debts and 
obligations incurred by the business. 2/3 of all U.S. businesses are formed in this way. 
Sole Proprietorship Advantages - answer•Owner receives all profits; pays only personal 
taxes 
•Easy to create; less costly 
•Flexible decision making 
So...
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BLAW Pleasant Exam 1 TTU Questions And Answers Rated A+ New Update Assured Satisfaction
- Exam (elaborations) • 42 pages • 2024
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Primary Source of Law - Answer-a document that *establishes the law* on a particular issue, such as 
constitution, a statute, an administrative rule, or a court decision. 
Constitutional Law (4 sources of law) - Answer-law based on documents setting forth for the general 
organizations, powers, and limits of the government. 
Executive Orders - Answer-Legally binding directive from the president. 
Treaties - Answer-written agreements by 2 or more countries. 
-becomes legally binding when approved...
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BLAW Pleasant Exam 1 TTU Questions With Verified Answers
- Exam (elaborations) • 35 pages • 2024
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BLAW Pleasant Exam 1 TTU Questions 
With Verified Answers 
Primary Source of Law - answera document that *establishes the law* on a particular issue, 
such as constitution, a statute, an administrative rule, or a court decision. 
Constitutional Law (4 sources of law) - answerlaw based on documents setting forth for the 
general organizations, powers, and limits of the government. 
Executive Orders - answerLegally binding directive from the president. 
Treaties - answerwritten agreements by 2 or ...
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BLAW Final Exam Review Ch. 10-18 Pleasant TTU Questions With 100% Correct Answers.
- Exam (elaborations) • 27 pages • 2024
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Jackie agrees to pay Ben $1,000 if Ben agrees to not go skydiving for six months. After Ben avoids 
skydiving for six months, he asks Jackie for payment. Jackie declines to pay Ben the $1,000. The contract 
between Jackie and Ben: - Answer-will be enforced because Ben exercised forbearance which is legally 
sufficient consideration. 
Michael agrees to buy Randy's wheelbarrow for $100. After the agreement is reached but before 
performance begins, both Michael and Randy agree to terminate the co...
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BLAW 3391 TTU Exam 2 Questions And Answers (Verified And Updated)
- Exam (elaborations) • 16 pages • 2024
- Available in package deal
-
- $12.49
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BLAW 3391 TTU Exam 2 Questions 
And Answers (Verified And Updated) 
Sole Proprietorship - answerSimplest business form; owner is the business. Owner reports 
business income on personal income tax return and is legally responsible for all debts and 
obligations incurred by the business. 2/3 of all U.S. businesses are formed in this way. 
Sole Proprietorship Advantages - answer•Owner receives all profits; pays only personal 
taxes 
•Easy to create; less costly 
•Flexible decision making 
So...
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BLAW 3391 TTU Exam 2 Questions With 100% Correct Answers.
- Exam (elaborations) • 20 pages • 2024
- Available in package deal
-
- $7.99
- + learn more
Sole Proprietorship - Answer-Simplest business form; owner is the business. Owner reports business 
income on personal income tax return and is legally responsible for all debts and obligations incurred by 
the business. 2/3 of all U.S. businesses are formed in this way. 
Sole Proprietorship Advantages - Answer-•Owner receives all profits; pays only personal taxes 
•Easy to create; less costly 
•Flexible decision making 
Sole Proprietorship Disadvantages - Answer-•Owner responsible for a...
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BLAW Final Exam Review Ch. 10-18 Pleasant TTU Questions And Answers (Verified And Updated)
- Exam (elaborations) • 22 pages • 2024
- Available in package deal
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- $12.99
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BLAW Final Exam Review Ch. 10-18 
Pleasant TTU Questions And Answers 
(Verified And Updated) 
Jackie agrees to pay Ben $1,000 if Ben agrees to not go skydiving for six months. After Ben 
avoids skydiving for six months, he asks Jackie for payment. Jackie declines to pay Ben the 
$1,000. The contract between Jackie and Ben: - answerwill be enforced because Ben 
exercised forbearance which is legally sufficient consideration. 
Michael agrees to buy Randy's wheelbarrow for $100. After the agreemen...
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BLAW 3391 Exam 2 TTU Questions With Verified Answers 100% Solved
- Exam (elaborations) • 13 pages • 2024
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- $12.49
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BLAW 3391 Exam 2 TTU Questions 
With Verified Answers 100% Solved 
sole proprietorship - answerbusiness owned and operated by one person 
unlimited liability - answerlegal exposure in which an owner of a business is personally 
liable for all of the debts and obligations of the business 
what is the most popular form of business organization in the US? - answersole 
proprietorship 
sole proprietorship advantages - answer-easily established 
-no partners or shareholders 
-only pay taxes on income...
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BLAW Final Exam Review Ch. 10-18 Pleasant TTU Questions And Answers (Verified And Updated)
- Exam (elaborations) • 22 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
BLAW Final Exam Review Ch. 10-18 
Pleasant TTU Questions And Answers 
(Verified And Updated) 
Jackie agrees to pay Ben $1,000 if Ben agrees to not go skydiving for six months. After Ben 
avoids skydiving for six months, he asks Jackie for payment. Jackie declines to pay Ben the 
$1,000. The contract between Jackie and Ben: - answerwill be enforced because Ben 
exercised forbearance which is legally sufficient consideration. 
Michael agrees to buy Randy's wheelbarrow for $100. After the agreemen...
-
BLAW 3391 Exam 2 TTU Questions With Correct Answers 100%
- Exam (elaborations) • 16 pages • 2024
- Available in package deal
-
- $7.99
- + learn more
sole proprietorship - business owned and operated by one person 
unlimited liability - legal exposure in which an owner of a business is personally liable for all of the 
debts and obligations of the business 
what is the most popular form of business organization in the US? - sole proprietorship 
sole proprietorship advantages - -easily established 
-no partners or shareholders 
-only pay taxes on income generated 
-all after tax profit stays with the owner 
-minimal government regulation 
sole...