BLAW 3391 TTU Exams Questions With Verified Answers

BLAW 3391 TTU EXAM Questions With Verified Answers 1. One primary source of American law is: a. the Declaration of Independence. b. the Magna Carta. c. the U.S. Constitution. d. the United Nations Universal Declaration of Human Rights. c. the U.S. Constitution 2. A state's constitution i...

BLAW 3391 TTU Exam 1 (Mcinturff) 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 Ordinanc...

blaw 3391 TTU exam 3 Questions With Verified Answers Sole Proprietorship is the simplest form of business organization. Anyone who does business without creating a separate business entity is a sole proprietor. The owner is the business. The owner pays personal income taxes on all profits and ...

BLAW 3391 Final TTU Questions With Verified Answers tangible personal property personal property that can be moved contract legally enforceable agreement that is created when two or more competent parties agree to perform, or to avoid performing, certain acts that they have a legal right t...

BLAW 3391 TTU Final Questions With Verified Answers Requirements of a valid contract 1. Agreement 2. Consideration 3. Contractual Capacity 4. Legality Bilateral Contract 2 Promises (promise for a promise) Unilateral Contract Can only accept if the job happens Requirements for implied co...

BLAW 3391 EXAM Questions With Verified Answers A person must be a lawyer in order to serve as an arbitrator. T/F False: Lawyers, professors, and other professionals typically serve as arbitrators. Under our system of justice, courts may issue advisory opinions. T/F False: The case-or-controv...

TTU BLAW 3391 Contracts Questions With Verified Answers Contract A legally enforceable agreement hat is created when two or more competent parties agree to perform, or to avoid performing, certain acts that they have a legal right to do and that meet certain legal requirements. Tangible P...

BLAW 3391 Final Exam Questions With Verified Answers contract Mutual Agreement A person who is of legal age and normal mentality Competent Party The promises exchanged by parties to a contract Consideration A contract that is created entirely through conversation of the parties involv...

TTU BLAW 3391 Exam 2 Questions With Verified Answers How can a person discharge their duty under a contract? -Failure of condition (precedent/ subsequent) -Performance (fulfilling one's contractual obligation) -Breach (breaking the contract) -Operation of law (relief by a court by reas...