Tamu mgmt 209 Study guides, Class notes & Summaries

Chapter 1 CORRECT ANSWER Two Main Functions of Law CORRECT ANSWER 1. Dispute Resolution 2. Government Regulation Law CORRECT ANSWER Collection of rules and regulations that govern how we interact with each other and with the government, and the enforcement thereof, gray areas What does Enforcement of Law lead to? CORRECT ANSWER Predictability and Stability, want uniformity 5 Sources of Law CORRECT ANSWER 1. Constitutional Law 2. Congress 3. Executive Creation of Law 4. Courts 5...

Chapter 1 CORRECT ANSWER Introduction to Law and Sources of Law You get angry at your roommate and decide to kill him/her. If you do, what type of law have you violated? A) Statutory B) State C) Criminal D) Public E) All of the above CORRECT ANSWER E) All of the above There are two major functions of the legal system. When you are sued in Court this is an example of what type of major function of the legal system? A) Gov. regulation B) Dispute resolution C) Civil Law D) Crimin...

Chapter 1 Introduction to Law and Sources of Law You get angry at your roommate and decide to kill him/her. If you do, what type of law have you violated? A) Statutory B) State C) Criminal D) Public E) All of the above E) All of the above There are two major functions of the legal system. When you are sued in Court this is an example of what type of major function of the legal system? A) Gov. regulation B) Dispute resolution C) Civil Law D) Criminal Law E) All of th...

TAMU MGMT 209 STUDY GUIDE MULTIPLE CHOICE Chapter 1 Introduction to Law and Sources of Law You get angry at your roommate and decide to kill him/her. If you do, what type of law have you violated? A) Statutory B) State C) Criminal D) Public E) All of the above E) All of the above There are two major functions of the legal system. When you are sued in Court this is an example of what type of major function of the legal system?

TAMU MGMT 209 STUDY GUIDE MULTIPLE CHOICE Chapter 1 Introduction to Law and Sources of Law You get angry at your roommate and decide to kill him/her. If you do, what type of law have you violated? A) Statutory B) State C) Criminal D) Public E) All of the above E) All of the above There are two major functions of the legal system. When you are sued in Court this is an example of what type of major function of the legal system?

Contract CORRECT ANSWER A legal agreement of the parties to do something not obligated to do or to refrain from doing something legally entitled to do. ____ consist of a promise, but not all promises are ___. (promises-manifestation of intent to do or not do something) Standard CORRECT ANSWER Apparent intention of a party to enter into a contract is determined by the objective, outward manifestation of his or her assent as it would be interpreted by a reasonable person, rather than by tha...

MGMT 209 EXAM 4 SWIM TAMU secured predictor - correct answer the collateral a creditor has, something of yours they can take away in case you do not pay what are the 4 types of liens - correct answer artisan, workers, landlords, mechanic/contractor artisan lien - correct answer until you pay, you don't get property back (think dry cleaning a wedding dress, you have to pay them before you can get the dress back)

Dispute Resolution Role "Judge Judy" Settles differences between two or more parties Regulatory Role Governmental interference with private business. Directs and standardizes business activities to improve society Enforcement of law leads to... Stability, Predictability, and Uniformity (hopefully) Constitutional Law Most important source of law, Supreme Law of the land, comes from the US Constitution Statutory Law Aka Legislative law. US Congress passes laws as...

MGMT 209 FINAL STUDY GUIDE QUESTIONS (TAMU SWIM) You get angry at your roommate and decide to kill him/her. If you do, what type of law have you violated? - correct answer Statutory, State, Criminal, and Public law is violated There are two major functions of the legal system. When you are sued in Court this is an example of what type of major function of the legal system? - correct answer Dispute Resolution Which of the following are sources of law? - correct answer Administrative, Jud...