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Definition of Law correct answers a rule of civil conduct prescribed by the supreme power in a state, commanding what is right, and prohibiting what is "wrong" (Blackstone) Functions of Law correct answers to maintain stability in the social, political, and economic system through dispute resol...

a legally enforceable agreement correct answers contract a contract in which one party agrees not to compete with another correct answers noncompetition agreement a promise made in exchange for another promise correct answers bilateral contract an agreement in which one or more parties has ...

Which of the following persons is an agent? correct answers Diane, a shoe salesperson for a retail store Tim, a real estate broker for a large real estate company Craig, a telephone marketing employee Which of the following is not required of an agency relationship? correct answers Consideratio...

Externality correct answers When people do not hear the full cost of their decisions. This prevents the market system from achieving a clean environment on its own. Clean Air Act (CAA) correct answers Federal law designed to control air pollution on a national level. CAA correct answers Clean ...

Systems Perspective correct answers Stepping back to view an entire process of an operation, entity or business in relationship to its environment. Line View of Production correct answers A series of related tasks are completed in succession (Straight Line) Circular View of production correct ...

What are some things to remember about Contract Law? correct answers -there is no requirement that you have to let certain people in (can have rules that aren't discriminating) -government stays out of contract law What all must be included in a Contracts Checklist? correct answers Offer Accep...

You live with your parents in a house they own. You are planning an outside barbecue and have invited numerous people. Three days before the event, the local power company begins work to replace underground pipelines in your front yard. The workers have dug up part of the ground. You are unhappy not...

Procedural law establishes the process for enforcing rights and remedies. correct answers True The President of the United States a. can veto Congressional legislation. b. creates federal common law. c. passes statutes. d. determines the constitutionality of statutes. correct answers a. can v...

what is communication? correct answers encoding and decoding of messages that are transmitted through various mediums and between individuals, co-create and share meanings National Association of Colleges and Employers found the following communication skills more important than technical knowled...

In a civil case, the plaintiff must prove the case correct answers by a preponderance of the evidence The common law is the law that all states follow to avoid confusion and to promote consistency from state to state. correct answers False The majority of cases filed in the U.S. are filed in s...

What role does law have in society? correct answers Law touches everything we do, from business to personal lives. What roots does our law come from? correct answers English roots Precendent correct answers tendency to decide cases based on previous rulings common-law correct answers judge-...

Which of the following is true of judicial review? a. It is established by common law precedent. b. It is a power of the Executive and Legislative Branches contained in Articles I and II of the Constitution. c. It is contained in Article III of the Constitution. d. It is established by ...

Jennifer and Hunter enter into a contract on November 1 of this year. Jennifer's friend, Nicole, tells her, "The law generally restricts the time within which an action can be brought by either party to a contract." Nicole's statement is: correct answers True, because of the statute of limitatio...

Civil Law correct answers Regulates the rights and duties between parties Agent correct answers A person who acts for someone else Bilateral Contract correct answers A promise made in exchange for another promise Common Law correct answers Judge-made law Law made when judges decide cases a...