LAW 1101 (LAW1101)
Baruch College
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Examen
LAW 1101 Midterm Review Questions and All Correct Answers 2026 Updated.
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---12enero 20262025/2026A+
- Stare decisis - Answer To stand with the decision made by precedent 
 
Persuasive authority - Answer Using another states precedent. Only if there isn't a law regarding your case in your state. 
 
Remedy - Answer Means to enforce a right or compensate for injury to that right 
 
Substantial Law - Answer Law that defines, describes, regulates, and creates legal rights and obligations. (the law itself) 
 
Procedural Law - Answer Law that establishes the methods of ...
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Law 1101 Final Review Exam with Guaranteed Pass Solutions 2025-2026 Updated.
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---22enero 20262025/2026A+
- Statute of Frauds - Answer Oral contracts are unenforceable 
 
Liability - Answer State of being legally responsible 
 
Primary Sources of Law - Answer Establish law 
 
Secondary Sources of Law - Answer Books and articles that summarize law 
 
Constitutional Law - Answer Deals with fundamental principles in which government exercises its authority. Includes supremacy clause and the separation of powers. 
 
Statutory Law - Answer Laws enacted by legislative bod...
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Examen
Gabriel Garnica Law 1101 Study Guide Exam and All Actual Answers 2025-2026 Updated.
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---10enero 20262025/2026A+
- Firm Offer - Answer An offer for the sale of goods made by a merchant in a signed writing which promises to be held open for a given period of time not to exceed 3 months. It can be for less than 3 months, but if for more, then it will no longer be irrevocable. 
This is to be distinguished from a GOL Firm Offer which may involve services, non-merchant etc. which does not have the 3-month limit and can go for a reasonable time. 
 
5% rule - Answer rule that acceptance changes cannot b...
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Business Law Sample CLEP Test Questions and Correct Answers 2026 Updated.
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---10enero 20262025/2026A+
- The authority of a court to hear and decide a case is known as - Answer jurisdiction 
 
In the land mark case of Marbury v. Madison, the United States Supreme Court held that - Answer Marbury was entitled to his appointment, but the congressional statute granting the federal courts the power to compel Madison to 
 
A contract will be unenforceable if - Answer a statute declares such a contract illegal 
 
Angela promises to work for Barbara during the month of July, and Barbara ...
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Examen
Business Law Final Exam Questions And 100% Correct Answers 2025-2026 Updated.
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---12enero 20262025/2026A+
- How do you create a security interest in a debtor's collateral (other than by possession of that collateral)? - Answer Either through 1) possession or 2) a security agreement. 
 
To become a secured party, the creditor must obtain a security interest in the collateral of the debtor. Three requirements must be met for a creditor to have an enforceable security interest: 
1. Unless the creditor has possession of the collateral, there must be a written or authenticated security agreement ...
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Examen
Business law Final Exam 1 With All Correct Answers 2026 Updated.
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---22enero 20262025/2026A+
- Regulations created by international organizations: - Answer are not law unless adopted and ratified by individual countries. 
 
When an international organization creates model regulations, it does so with a(n): - Answer world centric approach 
 
The United Nations Security Council - Answer charged with maintaining international peace and security 
 
The World Intellectual Property Organization - Answer charged with protecting intellectual property internationally 
 
Int...
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Examen
Business Law Exam 3 (Ch. 9, 10, 11, 12, 13, 14, 15, 16, 17, 18) Test Questions and Actual Answers.
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---5enero 20262025/2026A+
- Why is it important for us to have contracts? - Answer Gives us predictability and transparency 
 
The Uniform Commercial Code for 1946 does what to contracts? - Answer Makes contracts for the sale of goods move more rapidly 
 
What contracts does the Uniform Commercial Code cover? - Answer All contracts for the sale & lease of goods; we use it to put a higher responsibility on people who trade goods that are merchants 
 
What is the point of the United Nations on Contracts? - ...
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Examen
Business Law Ch 25, 26, 27, 28 Questions and Correct Answers.
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---3enero 20262025/2026A+
- Principal - Answer Person who appoints another to contract with third parties 
 
Agent - Answer Person appointed to contract on behalf of another 
 
General Agent - Answer Agent authorized to carry out a particular kind of business or all business at a place 
 
Special Agent - Answer Agent authorized to transact specific act or acts 
 
Factor or Commission merchant - Answer Bailee seeking to sell property on commission 
 
Factor del credere - Answer Factor who...
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Examen
Business Law 1101 - Midterm 1 Questions and All Correct Answers.
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---5enero 20262025/2026A+
- Sources of American Law - Answer -Constitutional Law 
-Statutory Law 
-Administrative Law 
-Case Law and Common Law Doctrines 
 
Constitutional Law - Answer The body of law derived from the U.S. Constitution and the constitutions of the various states. 
 
Statutory Law - Answer The body of law enacted by legislative bodies (as opposed to constitutional law, administrative law, or case law). 
 
Administrative Law - Answer The body of law created by administrative agencies ...
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Examen
Baruch 1101 Law Midterm Study Guide Exam and All Correct Answers 2026 Updated.
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---5enero 20262025/2026A+
- 4 sources of contract law - Answer the contract, common law, UCC, NY Gol 
 
Common Law - Answer the Restatement (Second) of the Law of Contracts; governs all contracts except when it has been modified or replaced by statutory law 
 
UCC - Answer (use this second) a proposed law from the NCCUSL, adopted by all states 
 
NY Gol - Answer (Start with this) adopting the UCC with some modification 
 
Elements of a Valid Contract - Answer Agreement, Consideration, Legal Ca...
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