LEGL 2700 BUNDLED EXAM WITH GUARANTEED ACCURATE ANSWERS

Closely Held Organizations - correct answer small group of people (like family owned) Publicly Held Organization - correct answer A corporation that may have thousands of stockholders and whose stock is regularly traded on a national securities exchange. basic forms of business organizations -...

Three main concepts for a functioning marketplace - correct answer law, rule of law, property law - correct answer most significant and formal legal force Rule of Law - correct answer laws are equally applicable to everyone, they must be enforced against everyone the same way. This is the key ...

property - correct answer the legal right to exclude others from scarce resources that are originally possessed or are acquired without force, theft, or fraud exclusion - correct answer you can exclude those who would interfere with what is yours resources - correct answer anything that someon...

Batson Challenge - correct answer An objection to the validity of a peremptory challenge, on grounds that the other party used it to exclude a potential juror based on race, ethnicity, or sex Laws vs. Rule of Law - correct answer law-rules created and enforced by the state rule of law-no one i...

Administrative Agency - correct answer An organization, usually a part of the executive branch of government, that is created to serve a specific purpose as authorized by the legislative branch Function is usually characterized as quasi-legislative or quasi-judicial Quasi-legislative - correct a...

agency - correct answer one of the most common, important and pervasive legal relationships agent - correct answer a representative who acts on behalf of other persons or organizations (most employees are considered this for their employers) principal - correct answer who the agent represents ...

Role of Scarcity (property) - correct answer need for resources overtakes supply of those resources State controlled/communism - correct answer govt controls resources and directs how they're divided between citizens; control means of production Property-based/capitals - correct answer enact ...

intellectual property - correct answer a product of the intellect, such as an expressed idea or concept, that has commercial value what article protects intellectual property? - correct answer article 1 section 8 justification - correct answer justifications are variously focused upon the acti...

3 branches of government - correct answer Legislative, Executive, Judicial Judicial Review - correct answer Allows the court to determine the constitutionality of laws federalism - correct answer A system in which power is divided between the national and state governments 10th Amendment - ...

(Al Minor v Martin) Al Minor and Associates v. Martin - correct answer o X had a lot of secrets and made people sign NDAs o Y decided to use the skills he learned working at X to start his own company o Y quits and doesn't take any documents, but he calls X clients from his memory and takes a lot...