Bgen Study guides, Class notes & Summaries

The most common *business entities* (6) - correct answer -1. Sole proprietorship 2. general partnership 3. limited partnership 4. corporation 5. limited liability company 6. limited liability partnership *Sole Proprietorship* (11/ownership, creation, taxation, representation, control, transaction, popularity, liability, responsibility, transferability, life, ability to raise capital) - correct answer -1. owned and operated by one person 2. Ease to create (only purchasing a business lice...

human behavior in organizations - correct answer -organizational behavior (OB) typically includes the study of which of the following basic components? long-term plans of marketplace competitors - correct answer -in dealing with the work-related activities of people, managers must understand all of the following except situational perspective - correct answer -Seline runs a small company that sells medical software. she has devised a process by which her company is able to develop new vers...

In Rosa and Raymond Institute for Self-Development v. Target Corp., what was the legal issue to be decided? a. Whether federal or state law applied to the case b. Whether the Parks Institute had filed its lawsuit in the correct court c. Whether Target's publication of materials about Rosa Parks without the consent of the Parks Institute violated Michigan's law of right publicity d. Whether the court had to follow Alabama or Michigan law - correct answer -c. Whether Target's publication ...

Federal Rules of Civil Procedure (FRCP) - correct answer -The rules controlling procedural matters in civil trials brought before the federal district courts. Stages in a typical lawsuit - correct answer -1. accident, branch of contract, or other event 2. the party hires a lawyer, who files a complaint and notifies (serves) the defendant 3. defendant's attorney files an answer or a motion to dismiss 4. pretrial discovery and more motions, pretrial conference 5. trial and perhaps posttria...

Elements of Contract Law - correct answer 1. Offer 2. Acceptance 3. Mutual Consideration 4. Contractual Capacity 5. Legality of Purpose Meeting minds is ________ and ________. - correct answer Offer, Acceptance Which elements of contract law are assumed? - correct answer Contractual capacity and legality of purpose Which elements are considered the big 3 elements of contractual law? - correct answer Offer, acceptance and consideration Which contracts must be in writing? - correct...

Who has the burden of proof in a civil lawsuit? a.) The defendant "beyond a reasonable doubt." b.)The plaintiff "by a preponderance of the evidence." c.) The plaintiff "beyond a reasonable doubt. d.) "The defendant "by a preponderance of the evidence." e.) The prosecution because unanimous jury verdict for conviction is required. - correct answer -b.) The plaintiff "by a preponderance of the evidence." The one American state, which was settled by the French, that follows the ol...

federal form of government - correct answer -A system of government in which the states form a union and the sovereign power is divided between a central government and the member states. Sovereignty - correct answer -The quality of having independent authority over a geographic area. For instance, state governments have the authority to regulate affairs within their borders. police powers - correct answer -Powers possessed by states as part of their inherent sovereignty. These powers may ...

Bill lives on 306 Cherry Street next to his neighbor Susan who lives on 308 Cherry Street. Bill notices that ABC Pavement Company is mistakenly paving his driveway instead of Susan's driveway. Bill fails to stop ABC from paving his driveway. What legal theory if any would require Bill to pay for the pavement job? - correct answer -Unjust Enrichment Carl, a merchant, displays his beer can collection at a Kalispell roadside market. Mary sees the collection and is interested. Carl says he will ...

acceptance - correct answer -(1) In contract law, the offeree's notification to the offeror that the offeree agrees to be bound by the terms of the offeror's proposal. (2) In negotiable instruments law, the drawee's signed agreement to pay a draft when presented. agreement - correct answer -A meeting of two or more minds in regard to the terms of a contract; usually broken down into two events—an offer by one party to form a contract, and an acceptance of the offer by the person to whom ...