- Study guides, Class notes & Summaries

©BRIGHTSTARS EXAM SOLUTIONS 11/14/2024 12:19 PM 1 | P a g e Bmgt380 chapter 9 Exam Study Guide. Function of contracts - answerlet us create a type of private law, facilitate planning basic elements of contract - answervoluntary agreement, offer, acceptance of offer, consideration to support each partys promise, capacity to contract, must be legal steps in getting to a contract - answernegotation, agreement, voluntary, considerations, capacity, legality, contract, writing required? bila...

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2 pages

Written in 2024/2025

Grade A+

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©BRIGHTSTARS EXAM SOLUTIONS 11/14/2024 12:19 PM 1 | P a g e BMGT 380 Exam 2: Contracts Questions With Verified Answers Freedom of Contract - answeridea that contracts should be enforced because they are the products of the free wills of their creators, who should, within broad limits, be free to determine the extent of their obligations. unilateral contracts - answeronly one party makes a promise. bilateral contract - answerboth parties exchange promises and the con- tract is formed as...

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12 pages

Written in 2024/2025

Grade A+

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BMGT 380 Exam Package Deal 100% Verified.

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16 items

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©BRIGHTSTARS EXAM SOLUTIONS 11/14/2024 12:19 PM 1 | P a g e BMGT 380- Business Law Examination n. 1 Questions With Verified Answers * Appendix pg. 30 * Understanding the various types of laws pg. 14-28 - answer Constitutions - answer> Exist at the state and federal levels > Have two general functions: (1) set up the structure of government for the political unit they control (a state or the federal government) *this involves creating the branches and subdivisions of the govern...

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32 pages

Written in 2024/2025

Grade A+

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Bmgt380: Exam ii Questions With Verified Answers Chapter 6 - intentional torts (invasion of privacy torts) - answer 4 Invasion of Privacy Torts - answer- Intrusion on Solitude or Seclusion - Public Disclosure of Private Facts - False Light Publicity - Commercial Appropriation of Name or Likeness Intrusion on Solitude or Seclusion - answerany intentional intrusion on the solitude or seclusion of someone else if that intrusion would be highly offensive to a reasonable individual example o...

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21 pages

Written in 2024/2025

Grade A+

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©BRIGHTSTARS EXAM SOLUTIONS 11/14/2024 12:19 PM 1 | P a g e BMGT 380, Exam 1 Questions With Verified Answers Sources of Law - answerConstitutional, Statutory, Administrative, Common Constitutional Law - answerlaw that involves the interpretation and application of the U.S. Constitution and state constitutions Statutory Law - answerLaw passed by the U.S. Congress or state legislatures, statues - answerLaws enacted by the legislative branch of a government (federal) ordinances - answera...

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9 pages

Written in 2024/2025

Grade A+

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BMGT380 Midterm 2 Exam Questions With Verified Answers Elements of a Contract - answerOffer Acceptance Consideration Capacity Legality Bodies of Contract Law - answerCommon law Uniform Commercial Code (UCC) Contract - answerA legally enforceable promise or set of promises Non-Contract Obligations - answerQuasi Contract (Unjust Enrichment) Promissory Estoppel Requirements for Unjust Enrichment - answerOne party confers a benefit on another The other party knowingly accepts it and ret...

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11 pages

Written in 2024/2025

Grade A+

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©BRIGHTSTARS EXAM SOLUTIONS 11/14/2024 12:19 PM 1 | P a g e BMGT380 - Chapter 3 Exam Questions With Verified Answers State Regulatory Power - answerThe US constitution does not identify powers that state legislators can exercise. It says some powers can only be exercised by congress, like issuing money. In all other situations, the federal and state governments exercise power concurrently. States can do what they want unless congress has preempted the area Regulating commerce between s...

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4 pages

Written in 2024/2025

Grade A+

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©BRIGHTSTARS EXAM SOLUTIONS 11/14/2024 12:19 PM 1 | P a g e BMGT380 Chapter 15- Illegality Exam Study Guide. Public Policy - answerwidely shared view about ideas, interests, institutions, or freedoms to promote pubic welfare *changes over time, rarely absolute* Illegal Agreement - answeri. violates statutes ii. violate public policy determined by courts iii. unconscionable agreements and contracts of adhesion Violations of Public Policy - answeri. cannot make agreements to commit cri...

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3 pages

Written in 2024/2025

Grade A+

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BMGT380 Chapter 12: Consideration Exam Questions With Verified Answers Consideration - answeris the legal value, bargained for and given in exchange for an act or a promise. Promisee has to give something of legal value in exchange for the promise to be enforce against the promiser. The requirement of consideration means that a promisee must pay the price that the promisor asked to gain the right to enforce the promisor's promise. What if a promisor did not ask for anything in exchang...

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8 pages

Written in 2024/2025

Grade A+

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©BRIGHTSTARS EXAM SOLUTIONS 11/14/2024 12:19 PM 1 | P a g e BMGT380 - Chapter 2 part 1 (State and Federal Courts) Exam Questions With Verified Answers Courts of limited jurisdiction, trial courts, appeals courts - answerState Courts (3) Courts of limited jurisdiction - answerThe lowest-level court in a state's judicial system that only hears particular kinds of cases involving small claims, traffic violations, and probate cases. Small Claims Court - answerA special court in which pa...

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4 pages

Written in 2024/2025

Grade A+

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©BRIGHTSTARS EXAM SOLUTIONS 11/14/2024 12:19 PM 1 | P a g e BMGT380 Exam 3 Questions With Verified Answers A third party beneficiary is someone who is not - answera party to the original contract The parties to a contract may include_____________ a clause that specifies the amount of money to be paid if one of them should later breach the agreement. - answerC. liquidated damages Specific performance may be ordered when the - answerD. all of the above: goods are unique, subject of the ...

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5 pages

Written in 2024/2025

Grade A+

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©BRIGHTSTARS EXAM SOLUTIONS 11/14/2024 12:19 PM 1 | P a g e BMGT 380 Exam 3 Questions With Verified Answers 5 types of conditions - answer-condition precedent -condition subsequent -concurrent condition -express condition -implied condition Condition precedent - answerwhen a future uncertain event creates the duty to perform if that even doesn't occur then you don't have a duty to perfrom Condition subsequent - answerwhen a future uncertain event discharges duty to perform ex...

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9 pages

Written in 2024/2025

Grade A+

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BMGT 380 - Business Law Midterm #1 Exam Questions With Verified Answers 7 Sources of Law - answerConstitutional Statutory Common Administrative (Regulations and Decisions) Treaties Ordinances Executive Orders Constitutional Law - answerLaw that involves the interpretation and application of the U.S. Constitution and state constitutions; DC's version is called a charter. Statutory Law - answerLaw that comes from statues - pieces of proposed legislation that later became a law. Com...

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9 pages

Written in 2024/2025

Grade A+

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©BRIGHTSTARS EXAM SOLUTIONS 11/14/2024 12:19 PM 1 | P a g e Bmgt380 final study guide Questions With Verified Answers What does it mean when contractual obligations are unconditional? - answeryou have to perform no matter what what are the conditions that may attach to performances - answer1. condition precedent 2. condition subsequent 3. expressed conditions 4. implied conditions condition precedent - answer-when a future uncertain event creates duty to perform. -if that future unc...

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20 pages

Written in 2024/2025

Grade A+

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©BRIGHTSTARS EXAM SOLUTIONS 11/14/2024 12:19 PM 1 | P a g e BMGT 380 Exam 2 Questions With Verified Answers Contracts - answerLegally enforceable set of promises through private law Contracts Requirements - answerOffer Acceptance Consideration Capacity Legality Types of Contracts - answerUnilateral- 1 party make a promise (punch card) Bilateral- both parties make a promise (renting a facility) Valid Contract - answerMeets all legal requirements and is enforceable in court Unenforc...

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6 pages

Written in 2024/2025

Grade A+

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BMGT380- Exam 3 Questions With Verified Answers Consideration - answeranything of value that one side gives to the other side in a contract; must be going both ways voluntary agreement, consideration, capacity to contract, objective and performance have to be legal - answerwhat are the four elements of contract? unilateral contract - answeronly one party is making a promise bilateral - answerboth parties make a promise statute to fraud - answera law that requires particular contracts mus...

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10 pages

Written in 2024/2025

Grade A+

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Auctions - ️️Treated as invitation. Once negotiation is done there is a contract. Sellers offer people to bid, goes to highest bidder. Offer Parts - ️️1) Objective indication of present intent (reasonable person thinks its a contract) 2) Specificity of Terms 3) Communication of Offer Types of Contracts - ️️Unilateral- 1 party make a promise (punch card) Bilateral- both parties make a promise (renting a facility) Valid Contract - ️️Meets all legal requirements and is enfor...

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5 pages

Written in 2024/2025

Grade A+

Brainarium

Substantial performance standard - ️️slightly lower standard applied to duties that are difficult to perform without some deviation from perfection in minor respects -service contracts 4 excuses of conditions - ️️-party being benefited from condition has prevented/hindered it from occurring -waiver (automatically give up right to condition occurring) -estoppel (when you've relied on my waiver/representation I am estopped from asserting the condition) -performance of condition ...

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7 pages

Written in 2024/2025

Grade A+

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Requirements of an offer - ️️First, they look for some objective indication of a present intent to contract on the part of the offeror. Second, they look for specificity, or definiteness, in the terms of the alleged offer. Third, they look to see whether the alleged offer has been communicated to the offeree. Freedo elements of a contract - ️️made up of an offer and an acceptance of that offer. In addition, there usually must be consideration to support each party's promise. The...

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11 pages

Written in 2024/2025

Grade A+

Brainarium