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Two major roles of law in business world correct answers -Dispute resolution -Regulatory Dispute resolution role correct answers -settles differences between two or more parties Regulatory role correct answers -governmental interference with private business -directs and standardizes busin...

The nature of contractural exchange correct answers Gives us: -Contract Law -Common Law It is a fundamental part of our: -economic system -the legal environment of business Contract Law correct answers A system of rules for ENFORCING promises and BREAKING promises Contract law tells u...

Roles of Law (2) correct answers Dispute Resolution & Regulatory Dispute Resolution Role correct answers settles difference between 2+ parties Regulatory Role correct answers Gov. directs & standardizes business activity--fed, state, local Law correct answers abstract term--collection of ru...

dispute resolution rule correct answers the law that gives people and businesses entities a forum to settle their differences regulatory role correct answers -Governmental interference with private business -Directs and standardizes business activities to improve society Why is enforcement of...

Dispute resolution, regulation correct answers The law plays two major roles in the business world _____ and _________. Dispute Resolution correct answers The law gives people and business entities a forum to settle their differences; whether it be through the enforcement of some legal issue such...

Administrative Law Judge (ALJ) correct answers judge who presides over trials and adjudicated the claims or disputes involving administrative law Adversarial system correct answers 2 parties present their positions before an impartial judge or jury who attempts to determine the truth of the case ...

Enforcement leads to: correct answers stability, predictability, uniformity The law plays two major roles in business: correct answers 1. Dispute Resolution 2. Regulation 5 sources of law correct answers 1. Common Law 2. Equity Law 3. Statutory Law 4. Constitutional Law 5. Executive Order...

Two Main Functions of Law correct answers 1. Dispute Resolution 2. Government Regulation Law correct answers 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? c...

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 answers E) All of the above There are two major functions of the legal system. When you are sued in Court this i...

Business Law correct answers Enforceable rules of conduct that govern commercial relationships Private Law correct answers Involves disputes between private individuals or groups Public Law correct answers Involves disputes between private individuals or groups and their government Civil La...

Article 2 - The Sale of Goods correct answers Deals with goods, but not with real property, services, or intangible personal property such as copyrights, stocks, bank accounts, etc Sale correct answers Passing of the title from a seller to a buyer for a price Goods correct answers Items that a...

Civil Law correct answers law that provides remedies for individuals or entities that have been wronged by the other individual or entity Common Law correct answers how judges make most of American Law through stare decisis Constitutional Law correct answers derived from the United States Cons...

Rex tries to make decisions in such a way as to benefit as many people as possible. Sam tries to treat everyone as he would wish to be treated. Rex takes a ______________ approach to decision making, and Sam follows a _______________ approach. A. Utilitarian; Utilitarian B. Utilitarian; Deontolo...

What is law? correct answers Law consists of enforceable rules governing relationships among individuals and between individuals and their society. Types of Law correct answers U.S. Constitution and the constitutions of the various states Statutory laws - including laws passed by congress state,...