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Exam (elaborations)

Exam 1- Business Law Questions with Solutions

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  • Course
  • Business law
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  • Business Law

Exam 1- Business Law Questions with Solutions

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  • September 10, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Business law
  • Business law
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Exam 1- Business Law Questions with Solutions

The Texas Supreme Court decides the case of Livewire Co. v. Power Corp. Of nine justices, five

believe the judgment should be in Livewire's fa-vor. Justice Bellamy, one of the five, writes a

separate opinion. The four justices who believe the judgment should be in Power's favor join

in a third separate opinion. These opinions are collected and published in volumes called

Correct-reporters




Beth is a victim of Carl's violation of a criminal law. Criminal law is con-cerned with

Correct-wrongs committed against the public as a whole




Kelly files a suit against Lewis in a state court. The case proceeds to trial, after which the court

renders a verdict. The case is appealed to an appellate court. After its review of Kelly v. Lewis,

the appellate court upholds the lower court's verdict. The appellate court has Correct-

affirmed the case




Kit loses her suit against Lou in a Minnesota state trial court. Kit appeals to the state court of

appeals and loses again. Kit would appeal next to Correct-the Minnesota Supreme Court




Applied Business Corporation makes and markets its products nationwide. Under the

stakeholder approach, to be considered socially responsible when making a business decision,

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