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BUL 3320 EXAM 4 QUESTIONS AND ANSWERS Public international law - answer- Rules and norms governing relationships among states and international organizations Private International Law - answer- International rules and standards applying to cross-border commerce International court of justice - answer- a court established to settle disputes between members of the United Nations incoterms rules - answer- A series of three-letter codes used in international contracts for the sale of goo...

USF BUL3320 Professor Katz Exam 3 Questions and Answers General Partnership - answer- General Partners Unlimited Personal Liability Limited Partnerships - answer- Limited Partners No Personal Liability - General Partners Unlimited Personal Liability Limited Liability Partnerships - answer- Partners Have No Personal For Negligence of Other Partners Corporations - answer- Shareholders No Personal Liability Sole Proprietor - answer- Unlimited Personal Liability ...

BUL 3320 FINAL EXAM QUESTIONS AND ANSWERS What would be a provision by which the parties agree in advance to the damages to be paid in the event of a breach of the contract? Punitive damage provision Reliance damage provision Consequential damage provision liquidated damage provision - answer- Liquidated damage provision When is an agent normally not liable for a contracting agent entering into when the agent had and acted within their authority undisclosed disclosed partially ...

BULL 3320 CH 26 EXAM QUESTIONS AND ANSWERS credit - answer- occurs when one party makes a loan to another party creditor - answer- the lender in a credit transaction debtor - answer- the borrower in a credit transaction Unsecured Credit - answer- credit that does not require any security (collateral) to protect the payment of the debt Secured Credit - answer- Credit that requires security (collateral) that secures payment of the loan mortgage - answer- an arrangement where an o...

USF BUL 3320 FINAL EXAM QUESTIONS AND ANSWERS Chapter 42 - answer- ---------------------------- Ethics - answer- The set of morals or values that govern the actions of an individual or group Ethical fundamentalism - answer- When a person looks to an outside source for ethical rules or commands Utilitarianism - answer- Dictates that people must choose the actions or follow the rules that will provide the greatest good to society Kantian Ethics - answer- Duty ethics or deontology sa...

USF BUL3320 KATZ EXAM 1 QUESTIONS AND ANSWERS What is law? - answer- enforceable rules governing relationships among individuals and between individuals and their societies Where do we find laws? - answer- constitutions, statutes, regulations, common law Sources of Law - answer- Constitutional, Statutory, Administrative, Common Sources of Law: US Constitution - answer- Highest Level of Law Article VI - This Constitution, and the Laws of the United States which shall be made in p...

BUL 3320 EXAM 3 (31-33) USF QUESTIONS AND ANSWERS Before the Industrial Revolution, the doctrine of ____ governed the employment relationship in the United States. - answer- Laissez-faire Which of the following is true of workers' compensation? - answer- Workers' compensation is only awarded for injuries resulting from the job. States usually require employers to purchase ____ from private insurance companies or state funds to cover workers' compensation claims. - answer- Worke...

USF BUL 3320 CH. 1 EXAM QUESTIONS AND ANSWERS Administrative Agencies - answer- Agencies (such as the SEC and the FTC) that the legislative and executive branches of federal and state governments are empowered to establish. (Enforce and interpret statues enacted by Congress and state legislatures) Administrative Rules and Regulations - answer- Have force of law: Agencies create them after interpreting the statutes they are authorized to enforce Analytical School - answer- Maintains that...

USF BUL 3320 EXAM 4 FINAL QUESTIONS AND ANSWERS Board of directors - answer- a panel of people elected by shareholders to make policy decisions concerning the operation of a corporation Corporate officers - answer- Employees of a corp who are appointed by the board of directors to manage the day-to-day operations of the corp Limited liability of shareholders - answer- a general rule of corporate law that provides that generally, shareholders are only liable to the extent of their capita...

Law and Business Exam 1, Welker, USF, BUL 3320 Questions and Answers Natural Law - answer- School of Jurisprudential Thought: Postulates that law is based on what is "correct". It emphasizes a moral theory of law-- that is, law should be based on morality and ethics. Historical - answer- School of Jurisprudential Thought: Believes that law is an aggregate of social traditions and customs. Analytical - answer- School of Jurisprudential Thought: Maintains that law is shaped by logic...

BUL 3320 USF EXAM 3 QUESTIONS AND ANSWERS The principal-agent relationship is a fiduciary relationship - answer- True If the principal is undisclosed, an agent can have no apparent authority - answer- True The Labor-Management Relations Act (Taft-Hartley Act) prohibits the closed shop (i.e. requiring an employer to hire only union members), but permits the union shop (i.e. permitting an employer to hire non-union members but requiring the hired employee to become a union member within a...

BUL 3320 EXAM 2 QUESTIONS AND ANSWERS bilateral - answer- A contract is ____________ if the offeror's promise is answered with the offeree's promise of acceptance. bilateral contract - answer- if there is any ambiguity to the language of the offeror's promise, it is presumed to be a ___________ . True - answer- no act of performance is necessary to create a bilateral contract. True or False? bilateral contract. It was created the moment that the painter promised to paint the...

BUL 3320 EXAM 1 QUESTIONS AND ANSWERS Under the authority of a long arm statute, a court can exercise personal jurisdiction over certain out-of-state defendants. True or False - answer- True To have standing to sue, a party must have complaining sufficient stake in a matter. True or False - answer- True The 1803 case Marbury v. Madison established what power for a court? - Judicial review. - Separation of powers. - Commerce clause. - Supremacy clause. - answer- Judicial Revi...

BUL 3320 Business Law - Carol Vance USF Exam Questions and Answers CAN-SPAM Act - answer- restricts unsolicited emails Requires spammers to label sexually oriented e-mail as such. Need warning for sexual content. Part Performance - answer- equitable remedy that if an oral contract (or a contract that is not in writing) is partially completed then that is enforced by court to then be fully completed to avoid injustice Grandma asks you to live in her beach house and fix her roof in order...

History test 2 UGA, UGA History Exemption Exam, UGA U.S. & GA History Exemption Test: REAL QUESTIONS What did the Embargo act during Jeffersons presidency do? - Answer- Caused a depression in the national economy Which of the following was not a feature of the 1920s? - Answer- Television viewing The 1920s was a boom period for the US economy, but what sector of the economy did not benefit from the flush times? - Answer- Agriculture During the 1920s, which group were the m...

UGA Ga and US History Exemption Test Exam Questions and Answers True or false? Georgia was the youngest and southernmost of the 13 colonies? - Answer- True Who is Hernan Cortes, and what is he notorious for? - Answer- Spanish explorer/conquistador who marched across Mexico and conquered the Aztecs (aka Spanish Mexican war, which lasted from ) What Spanish explorer/conquistador discovered, and was the first to cross the Mississippi River? - Answer- Hernando de Soto What wa...

GA HISTORY EXEMPTION EXAM QUESTIONS AND ANSWERS Philanthropic Military Economic - Answer- Three reasons for the establishment of Georgia Restrictions on land ownership Prohibition of hard liquor Prohibition of slavery - Answer- Strict rules established my the Trustees for the colony James Oglethorpe - Answer- defacto leader and one of the Trustees of the first settlers in Georgia. helped establish Savannah, Augusta, and Fort Frederica James Wright - Answer- longes...

UGA History Exemption Exam Q’s and A’s Large indian mound settlements appeared in Georgia when? - Answer- During the archaic period During the American Revolution, Georgia was... - Answer- divided among revolutionaries and loyalists The "trail of tears" refers to... - Answer- the removal of the cherokee from their homes in the 1830's In Browder v. Gayle, a federal court sitting in Atlanta... - Answer- overturned a conviction of ministers for trying to int...

UGA History Exemption Test Exam Questions and Answers Yazoo Lands - Answer- the sparsely-populated central and western areas of the US state of GA, when its western border stretched to the Mississippi River James Jackson - Answer- October 18, 1819 - January 13, 1887 - a US representative from GA, a judge advocate American Civil War, and a chief justice of the Supreme Court of Georgia - nullified the Yazoo sale and destructed records connected with the state - later the Yazoo lan...

UGA US History Exemption Exam SINCE 1877 Questions and Answers WW2 - Answer- the global war that started in 1939 and ended in 1945. It involved a vast majority of the world's nations (including all of the great powers) eventually forming two opposing military alliances (allies and axis powers). Germany invaded Poland, Japan bombed Pearl Harbor. Ended with Hiroshima. Allies - US, GB, France, Soviet Union. Axis - Germany, Japan, Italy. Conscription - Answer- the compulsory enlistm...