BLAW 3391 Samenvattingen, Aantekeningen en Examens

reement can be inferred from the conduct of the parties, the customs of the trade, or the conditions or circumstances formal contract - answera specialty contract that is written and under seal simple contract - answeran informal contact made without seal-- even though the subject matter of the contract may be extremely complex and may involve huge amounts of money entire contract - answeran agreement that is made up of two or more parts, in which each part is dependent upon the others di...

BLAW 3391 Final Exam Questions And Answers (Verified And Updated) Four requirements for a valid contract - answeragreement, consideration, capacity, and legality Agreement - answeroffer and acceptance, meeting of minds Consideration - answermoney, something of value or a promise Contractual Capacity - answerBoth parties entering into the contract must have the contractual capacity to do so. The law must recognize them as possessing characteristics that qualify them as competent parties. ...

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...

Blaw 3391 Test #1 Exam Questions With Verified Answers 100% Solved Constitutional Law - answer1st Source of law - Federal and State Constitutions Executive Order - answerLegally binding directive from the president - Ex in 1957 Eisenhower ordered federal troops to enforce the Supreme Court's ruling to desegregate the school system Treaty - answerWritten Agreement between two or more countries Becomes Legally binding when they are approved by 2/3 of the Senate Statutory Law - answer2nd S...

BLAW 3391 Final Exam Questions With Verified Answers 100% Solved Contract - answer"a promise or set of promises for the breach of which the law gives a remedy or the performance of which the law is some way recognizes a duty." Covenant not to complete - answerrestrict what an employee may do after leaving a company, and they often dictate where, when, and with whom an employee may work Four elements needed for a contract: - answerAgreement, the consideration, contractual capacity, and l...

BLAW 3391 Pleasant Test 2 Exam Questions And Answers (Verified And Updated) What is real property? - answer-Land and everything attached. -Law states land is owned to the center of the earth. What is a fixture? - answer-Part of the land (ex. trees) How can real property become personal property? - answer-Removal from land. -(ex. apple from a tree). How can personal property become real property? - answer-Planted into land. -(ex. planted shrubbery or lumber used to erect building). Subte...

BLAW 3391 Pleasant Exam 2 Questions With Verified Answers Entrepreneur - answerOne who initiates and assumes the financial risk of a new business enterprise and undertakes to provide or control its management Sole Proprietorship - answerThe simplest form of business organization, in which the owner reports business income on his or her personal income tax return and is legally responsible for all debts and obligations incurred by the business. Sole Proprietorship in TX - answerYou can est...

Pleasant BLAW Exam 3 Questions With Verified Answers Contract - answerAn agreement that can be enforced in court; formed by two or more parties, each of whom agrees to perform or to refrain from performing some act now or in the future. Bilateral Contract - answerpromise for a promise Unilateral Contract - answerpromise in exchange for an act Formal Contract - answerrequires a special form for creation Informal Contract - answerrequires no special form for creation Express Contract - ans...

n approved by 2/3 of the senate. Statutory Law (4 sources of law) - answer-laws enacted by legislative bodies at any level of government, such as statutes passed by congress or by any state legislatures. Ordinance - answerlaw passed by a local government, such as city council. Administrative Law (4 sources of law) - answerthe body of rules, regulations and decisions created by administrative agencies. Uniform Commercial Code (UCC) - answer-Set of laws that govern various *commercial trans...

BLAW 3391 Pleasant Exam 2 Questions With Verified Answers One who initiates and assumes the financial risk of a new business enterprise and undertakes to provide or control its management - answerEntrepreneur The simplest form of business organization, in which the owner reports business income on his or her personal income tax return and is legally responsible for all debts and obligations incurred by the business. - answerSole Proprietorship You can establish without filing any legal do...