Equitable remedies - Study guides, Revision notes & Summaries

What is the importance of a Business Law course in a business/management curriculum, and/or the importance of knowing something about it to a businessperson? - Answer - The law is important to modern business - The history of business reveals the prominence of law - Educators today emphasize the role of law in preparing tomorrow's business leaders How can businesspeople use the law to a strategic advantage? - Answer - Knowing the legal rights and duties enhances one's ability to identify ...

AU 62 Chapter 1 Exam Questions and Answers All Correct update Which one of the following factors is among the most important that a court considers when deciding whether to grant an injunction? Select one: A. Whether the act complained of is a personal service B. Whether the injunction is legal or equitable C. Whether either party exhibited intentional misconduct D. Whether the court can supervise the result - Answer C. Whether either party exhibited intentional misconduct Injunction...

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 Constitution Criminal Law correct answers designed to further society's interest in preventing crime and punishing criminals Dispute Resolution correct answers the law gives people and business ent...

BLAW 3391 TTU Exam 1 Questions With Verified Answers Laws rules governing relationships among individuals and between individuals and their society. Priorities of Law? (Highest to lowest) Federal Constitution Federal Statutes State Constitution State Statutes Local Ordinances Conflict Order of precedence Agencies created by legislatures and make their own rules which have the legal force of statutory law. (ex: IRS). Carry out all functions of the federal government (legislati...

define procedural law - ️️consist of all laws that outline the methods of enforcing the rights established by substantive law what are the 2 aspects of stare decisis - ️️a court should not overturn its own precedent unless it has a compelling reason not to, decisions made by higher courts are binding to lower courts what is the hierarchy of primary sources of law - ️️US constitution, federal statutory law, state constitution, state statutory law, local ordinance, administrative...

What do courts of equity grant? - ️️Equitable remedies such as specific performance, injunctions, and rescission or reformation of contracts What is the initiation of lawsuit for action at law? - ️️By filing a complaint What are the parties in action at Law? - ️️Plaintiff and defendant How is the decision made at action at Law? - ️️By jury or judge What is the result called at action at Law? - ️️Judgement What do restatements cover? - ️️Areas of contracts, torts, ag...

Statutory Interpretation Rules: - ️️-Examine Legislative History -Utilize Rules of Construction -Plain Meaning Rule -Lex Specialis Derogat Legi Generali Courts of Equity - ️️Issues decrees/injunctions to provide relief where monetary judgements were inadequate; utilized general legal principles (maxims) to guide decisionmaking. Equitable remedies include those such as specific performance (a court ordering performance) of a contract. Three types of Law - ️️Legislative laws, j...

What does the legal environment of business include? Ans: - The attitude of the government toward business - The historical development of this attitude - Current trends of public control in taxation - Regulation of commerce and competition - Freedom of contract, antitrust legislation and its relation to marketing - Mergers and acquisitions - Labor management regulations What is the difference between equitable and legal remedies? Ans: Legal remedies are meant to enforce or to compensat...

Sources of Law - ️️-Constitutions -Legislation -Judicial decisions -Administrative law -Equity and Equitable Principles Civil Law(Classification) - ️️Classification of law that applies to legal matters not governed by criminal law and that protect rights and provide remedies for breaches of duties owed to others. Courts of Equity - ️️Issues decrees/injunctions to provide relief where monetary judgements were inadequate; utilized general legal principles (maxims) to guide de...

Business Law Final Exam | Latest Update | 2024/2025 | 100% Verified What does the doctrine of consideration require in a contract? It requires that something of value be exchanged between parties for a contract to be valid. How does legal capacity affect the formation of contracts? Legal capacity ensures that parties must be competent and of legal age to be bound by the agreement. What does the parol evidence rule limit? It limits the use of outside oral or written stateme...