Roest Study guides, Class notes & Summaries

Law - correct answer -made up of rules laid down by state and backed by enforcement -written social force -mean nothing w/o enforcement Rule of Law - correct answer --laws are made generally and apply to everyone equally -necessary for strong and diverse economies -transparency in business Property - correct answer -ownership-allows you to exclude others without your permission Common Property - correct answer -resources like land that multiple people own Contract Law - correct a...

ACC 201 EXAM 1-ROESCHLEY, UKY QUESTIONS AND ANSWERS Which of the following best defines accounting? A. Accounting i the process of recording and reporting stock prices for investors. B. Accounting is used for the internal record keeping of a business only. C. Accounting is the process of reconciling financial data with investor perceptions. D. Accounting is the process of recording and reporting financial information - Answer- D. Accounting is the process of recording and reporting financ...

LEGL Test 1 Roessing Questions and Answers

LEGL 2700 Roessing Test 1 Questions and Answers

LEGL 2700 Roessing Test 3 Questions and Answers

contract - Answer ️️ a legally enforceable promise or an exchange of promises Uniform Commercial Code - Answer ️️ most important example of state-based legislation impacting contract law goods - Answer ️️ tangible, movable items of personal property bilateral contract - Answer ️️ an agreement containing mutual promises unilateral contract - Answer ️️ an agreement with only one promise, and only one party is committed to perform; seeks an action rather than a promise in ...

contract - Correct ️️ a legally enforceable promise or an exchange of promises Uniform Commercial Code - Correct ️️ most important example of state-based legislation impacting contract law goods - Correct ️️ tangible, movable items of personal property bilateral contract - Correct ️️ an agreement containing mutual promises unilateral contract - Correct ️️ an agreement with only one promise, and only one party is committed to perform; seeks an action rather than a promis...

LEGL 2700 ROESSING TEST 1 WITH COMPLETE SOLUTIONS Law - Correct ️️ made up of rules laid down by state and backed by enforcement -written social force -mean nothing w/o enforcement Rule of Law - Correct ️️ -laws are made generally and apply to everyone equally -necessary for strong and diverse economies -transparency in business Property - Correct ️️ ownership-allows you to exclude others without your permission Common Property - Correct ️️ resources like land that multip...

LEGL2700- Roessing Test 2 Questions and Answers

property - Answer ️️ the legal right to exclude others from resources that are originally possessed or are acquired without force, theft, or fraud private property - Answer ️️ a system of law under which the state recognizes and enforces an individual's rights to acquire, possess, use, and transfer scarce resources capital formation - Answer ️️ quality of resources that produces new or different resources mortgage - Answer ️️ lenders are willing to loan money at affordable ...