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BLAW 3391 TTU Exam 2 Questions And Answers (Verified And Updated) Sole Proprietorship Simplest business form; owner is the business. Owner reports business income on personal income tax return and is legally responsible for all debts and obligations incurred by the business. 2/3 of all U.S. businesses are formed in this way. Sole Proprietorship Advantages •Owner receives all profits; pays only personal taxes •Easy to create; less costly •Flexible decision making Sole Proprie...

BLAW Pleasant Exam 1 TTU Questions With Verified Answers Primary Source of Law a document that establishes the law on a particular issue, such as constitution, a statute, an administrative rule, or a court decision. Constitutional Law (4 sources of law) law based on documents setting forth for the general organizations, powers, and limits of the government. Executive Orders Legally binding directive from the president. Treaties written agreements by 2 or more countries. -b...

BLAW 3391 Pleasant Exam 2 Questions With Verified Answers One who initiates and assumes the financial risk of a new business enterprise and undertakes to provide or control its management Entrepreneur The simplest form of business organization, in which the owner reports business income on his or her personal income tax return and is legally responsible for all debts and obligations incurred by the business. Sole Proprietorship You can establish without filing any legal documents. ...

Pleasant BLAW Exam 3 Questions With Verified Answers Contract An agreement that can be enforced in court; formed by two or more parties, each of whom agrees to perform or to refrain from performing some act now or in the future. Bilateral Contract promise for a promise Unilateral Contract promise in exchange for an act Formal Contract requires a special form for creation Informal Contract requires no special form for creation Express Contract Formed by words (oral...

BLAW 3391 Pleasant Exam 2 Questions With Verified Answers Entrepreneur One who initiates and assumes the financial risk of a new business enterprise and undertakes to provide or control its management Sole Proprietorship The simplest form of business organization, in which the owner reports business income on his or her personal income tax return and is legally responsible for all debts and obligations incurred by the business. Sole Proprietorship in TX You can establish without fi...

BLAW 3391 Pleasant Test 2 Exam Questions And Answers (Verified And Updated) What is real property? -Land and everything attached. -Law states land is owned to the center of the earth. What is a fixture? -Part of the land (ex. trees) How can real property become personal property? -Removal from land. -(ex. apple from a tree). How can personal property become real property? -Planted into land. -(ex. planted shrubbery or lumber used to erect building). Subterrane...

BLAW 3391 Final Exam Questions With Verified Answers 100% Solved Contract "a promise or set of promises for the breach of which the law gives a remedy or the performance of which the law is some way recognizes a duty." Covenant not to complete restrict what an employee may do after leaving a company, and they often dictate where, when, and with whom an employee may work Four elements needed for a contract: Agreement, the consideration, contractual capacity, and legal object ...

Blaw 3391 Test #1 Exam Questions With Verified Answers 100% Solved Constitutional Law 1st Source of law - Federal and State Constitutions Executive Order Legally binding directive from the president - Ex in 1957 Eisenhower ordered federal troops to enforce the Supreme Court's ruling to desegregate the school system Treaty Written Agreement between two or more countries Becomes Legally binding when they are approved by 2/3 of the Senate Statutory Law 2nd Source of law - the f...

Systems Verification BICSI Final Exam Questions And Answers (Verified And Updated) Cross Connects, Backbone Cabling, and Administration Administration systems include requirements for; identifiers - that serve to locate the element record and administration scheme such as the standards found in ANSI/TIA 606-B, records - which can be paper based, spreadsheets, database programs, or computer programs specially designed for that purpose, and labeling - with a variety of methods to display identif...

BICSI Installer 2: Fiber Module Exam Questions With 100% Correct Answers Code Addresses the safety of persons, property and the environment associated with the ITS cabling Installation NEC National electric code Frequency conversion chart One thousand hertz = 1KHz One million Kilohertz = 1 MHz One billion Megahertz = 1 GHz NFPA National Fire protection association AHJ Authorities having jurisdiction TIA/EIA - Telecommunications Industry association - Electr...