Business law 210 wsu Samenvattingen, Aantekeningen en Examens
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WSU Business Law 210 Exam 4 Rated 100% Correct!!
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rime - any act or omission that violates a governmental entity's penal laws 
criminal justice system - the police, law enforcement officials, courts, probation officers, and jail 
and prison systems 
prison - removing people from their environment for rehabilitation 
- Deters people from doing things that would cause them to go to prison 
- Keeps victims and others safe from retribution 
felony - more serious crimes punishable by over a year 
misdemeanor - less serious crime, punishable by unde...
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WSU Business Law 210 Exam 3 Questions With 100% Correct Answers.
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Contract - An agreement between tow or more parties that is legally enforceable. 
Differ state-to-state by law 
Not every promise can be enforced legally, but a set of promises confirmed in a contract entitles the 
party that is injured by a breach of that contract to force the other party to honor the contract through 
government intervention 
Express Contract - The terms are understood by written or oral words. Each instance of the terms 
is agreed upon 
Implied Contract - Where the contract i...
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WSU Business Law 210 Final Exam Solved Questions & Answers Graded A+
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"Malum in se" - - Wrong in itself 
- covers most common law crimes 
legislative - Congress, makes laws 
executive - President, enforces laws 
judicial - Supreme Court, interprets laws 
statutes - laws made by legislature, signed by president/governor 
substantive law - Law that defines, describes, regulates, and creates legal rights and obligations. 
procedural law - Law that establishes the methods of enforcing the rights established by 
substantive law. 
Utilitarianism - idea that the goal o...
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WSU Business Law 210 Exam 2 Questions With 100% Correct Answers.
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Sole Proprietorship - - simplest form of business organization. 
- easiest to work with on your taxes. 
- you might be stuck with debits and liabilities. 
- states have different laws, but you can still have a business name. 
Advantages of Sole Proprietorship - - don't have to pay state to incorporate 
- don't have to follow stupid corporate formalities 
- much easier on taxes 
Disadvantages of Sole Proprietorship - - debts and liabilities are on you personally (your personal 
tax return) 
- i...
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Business Law 210 Exam 1 WSU Exam Rated 100% Correct!!
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Morality refers to principals of right an wrong as determined by one's own __________. - 
conscious 
Ethics are.... - A set of rules of conduct (right vs. wrong) recognized by a particular group of 
individuals 
What is the main difference between violating your own morals, an ethical code, or a law? - The 
punishment. Morals = feel bad. Ethics = censure, disciplinary procedures, or license suspension. Law = 
fines, damages, jail. 
Jurisprudence - The philosophy of law 
Sarbanes Oxley Act - Res...