LEGL 2700 Bundled Exam Questions WITH CORRECT Answers

Three main concepts for a functioning marketplace law, rule of law, property law most significant and formal legal force Rule of Law laws are equally applicable to everyone, they must be enforced against everyone the same way. This is the key to a wealthy nation property right of ownership, rig...

jurisprudence the science or philosophy of law (judges precedent or interpretation) property law the legal right to exclude others from various resources. also called "ownership" constitutional law establishes the framework of the state whose purpose is to protect property in its broadest se...

Life, Liberty, and PropertyThe three natural rights of all people, accoring to John Locke Western Legal SystemThe gov't has regulations placed on the resources an individual can have (ex. USA) CommunismThe gov't determines who gets what and how much they get (ex. Soviet Union) Private Prope...

LEGL 2700 Exam 2 ACTUAL Exam Questions and CORRECT Answers Contract - CORRECT ANSWER - A legally enforceable promise or an exchange of a promise Uniform Commercial Code - CORRECT ANSWER - Creates special rules applicable to the sale of goods. Goods - CORRECT ANSWER - Tangible, notable items...

LEGL 2700 EPSTEIN TEST 2 UPDATED ACTUAL Exam Questions and CORRECT Answers contracts - CORRECT ANSWER - legally enforceable promise or exchange of promises bilateral - CORRECT ANSWER - type of contract where both parties have obligations in the contract unilateral - CORRECT ANSWER - type of...

LEGL 2700 Epstein Test 1 UPDATED Exam Questions and CORRECT Answers IRAC - CORRECT ANSWER - what is the test to determine what a law is issue, rule, analysis, conclusion - CORRECT ANSWER - what does IRAC stand for rule of law - CORRECT ANSWER - laws are generally and equally applied and require...

LEGL 2700 Epstein Test 1 UPDATED ACTUAL Exam Questions and CORRECT Answers Law - CORRECT ANSWER - rules that tell society what they can/cannot do, that are laid down by the state and backed up by enforcement Rule of Law - CORRECT ANSWER - laws are generally and equally applied - no one is ...

LEGL 2700 Test 3 ACTUAL Exam Questions and CORRECT Answers Tort Law provides - CORRECT ANSWER - civil remedies for a criminal violation that hurts another Tort - CORRECT ANSWER - any non-criminal, wrongful action other than breach of contract A lot of crimes are ____, and a lot of _____ are...

LEGL 2700 Test 3 UPDATED Exam Questions and CORRECT Answers accession - CORRECT 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 Possess...

LEGL 2700 Test 3 UPDATED ACTUAL Exam Questions and CORRECT Answers CHAPTERS 8 & 9 - CORRECT ANSWER - CHAPTERS 8 & 9 contract - CORRECT ANSWER - a *legally enforceable promise* (something that I promise you and you promise me, and if one of us breaks the promise we have the right to go to cour...

LEGL 2700 Roessing Exam 2 UPDATED ACTUAL Exam Questions and CORRECT Answers Promise - CORRECT ANSWER - A commitment or willingness to be bound to a contract obligation Uniform Commercial Code (UCC) - CORRECT ANSWER - The most successful attempt to have states adopt a uniform law Purpose is...

LEGL 2700 Exam 2 UPDATED Exam Questions and CORRECT Answers Life, Liberty, and Property - CORRECT ANSWER - The three natural rights of all people, accoring to John Locke Western Legal System - CORRECT ANSWER - The gov't has regulations placed on the resources an individual can have (ex. U...

LEGL 2700 Exam 2 UPDATED ACTUAL Exam Questions and CORRECT Answers Contracts - CORRECT ANSWER - Promises that are enforceable with predictable consequences for performance failures, does not have to be written (ch 8) Contract Law comes from either - CORRECT ANSWER - Legislation- UCC Article 2 ...

LEGL 2700 Exam #4 UPDATED ACTUAL Exam Questions and CORRECT Answers Corporation - CORRECT ANSWER - an artificial, intangible entity created under the authority of a state's law Charter - CORRECT ANSWER - The legal document issued by a state when creating a new corporation Incorporators -...