Package deal For Legl 2700 Roessing Exams with Complete Solution | Guaranteed Success Updated & Verified | 2023/2024

Law - Correct ️️ made up of rules laid down by state and backed by enforcement -written social force -mean nothing w/o enforcement Rule of Law - Correct ️️ -laws are made generally and apply to everyone equally -necessary for strong and diverse economies -transparency in business Prope...

contract - Correct ️️ legally enforced promise or an exchange of promises contract law - Correct ️️ enables private agreements to be legally enforceable Uniform Commercial Code - Correct ️️ creates special rules applicable to the sale of goos bilateral contract - Correct ️️ involv...

Montz v Pilgrim Films & Television, INC. - Correct ️️ Plaintiff pitched idea to NBC and was rejected -> NBC created Ghost Hunters -> sued for breach of implied-in-fact contract to pay for the use of the reality show concept "as a result of cases like Montz, some firms are wary of accep...

Promise - Answer ️️ A commitment or willingness to be bound to a contract obligation Uniform Commercial Code (UCC) - Answer ️️ The most successful attempt to have states adopt a uniform law Purpose is to simplify, clarify, and modernize the laws governing commercial transactions Goods - ...

Promise - Answer ️️ A commitment or willingness to be bound to a contract obligation Uniform Commercial Code (UCC) - Answer ️️ The most successful attempt to have states adopt a uniform law Purpose is to simplify, clarify, and modernize the laws governing commercial transactions Goods - ...

property - Correct ️️ the legal right to exclude others from resources that are originally possessed or are acquired without force, theft, or fraud private property - Correct ️️ a system of law under which the state recognizes and enforces an individual's rights to acquire, possess, use,...

quasi-legislative - Correct ️️ an agency can issue rules (regulations) that have the impact of laws quasi-judicial - Correct ️️ agencies can make decisions like a court cease and desist order - Correct ️️ An administrative or judicial order prohibiting a person or business firm from ...

Acceptance - Correct ️️ a person's compliance with the terms of an offer made by another Accord - Correct ️️ the new performance Accord and satisfaction - Correct ️️ an agreement between two contracting parties that accepts alternate performance to discharge a pre-existing duty betwe...

Sole Proprietorship - Answer ️️ a business owned and managed by a single individual Sole Proprietorship duration - Answer ️️ Determined by owner; automatically dissolved on owner's death sole proprietorship liability - Answer ️️ unlimited liability - puts personal money and belongin...

Alli v. US (2008) - Answer ️️ -Dr. Alli and his wife claimed the corporate structure shielded them from decision made in the name of the corporation -The court concluded that Alli did not act as though the corporation was independent from their personal assets -the court also found that tho ...

JPMorgan and Chase - Answer ️️ During the housing crisis in 2010, JPMorgan and Chase didn't let their shareholders in on information that may have impacted their stock decisions. They settled a wide array of cases costing more than $20 billion. Law - Answer ️️ Brings people together. St...

accession - Answer ️️ Acquiring title to additions or improvements to real property as a result of the annexation of fixtures or the accretion of alluvial deposits along the banks of streams. (something added) Adverse Possession - Answer ️️ A person takes possession & use of a property be...

actual authority - Correct ️️ The authority a principal expressly or implicitly gives to an agent in an agency relationship. This authority may be written, spoken, or derived from the circumstances of the relationship. agent - Correct ️️ the person who on behalf of a principal deals with ...