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LSB 3213 Exam 1 (Okstate) Questions and Correct Verified Answers Latest Version $12.49   Add to cart

Exam (elaborations)

LSB 3213 Exam 1 (Okstate) Questions and Correct Verified Answers Latest Version

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  • Course
  • LSB 3213
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  • LSB 3213

knowledge of "black-letter" law and what conduct leads to liability is enough false areas of law that affect business decision making contracts, intellectual property, product liability, torts, sales, internet law (privacy), environmental law torts defined common law jurisdiction; a civil...

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  • October 14, 2024
  • 27
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • LSB 3213
  • LSB 3213
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1 | P a g e | © copyright 2024/2025 | Grade A+




LSB 3213 Exam 1 (Okstate)
Questions and Correct Verified
Answers Latest Version
knowledge of "black-letter" law and what conduct leads to liability is enough


✓ false




areas of law that affect business decision making


✓ contracts, intellectual property, product liability, torts, sales, internet law

(privacy), environmental law




torts defined


✓ common law jurisdiction; a civil wrong that causes someone else to

suffer loss




primary sources of law


✓ those that establish the law, such as constitutions, statutes, and

regulations




what do secondary sources of law do




Master01 | September, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+

✓ summarize and clarify the primary sources (restatements)




deceit defined


✓ a promise made without intent of performing it




what is the fourth branch of government


✓ administrative law




what does administrative law consist of


✓ federal agencies and state/local agencies




what law is American law based upon


✓ English common law




what do the courts of law do?


✓ they grant limited kinds of remedies




what do the courts of equity do


✓ they award non-monetary relief




Master01 | September, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+

why would anyone use an equity court


✓ pride and leverage




what is the hierarchy of primary sources of law


✓ US constitution, federal statutory law, state constitution, state statutory

law, local ordinance, administrative regulations, common law




have equitable maxims lost their relevance in the 21st century


✓ no




may a party request both legal and equitable remedies in the same action


✓ yes




action of law/equity initiation of lawsuit


✓ filing complaint/ filing a petition




action of law/equity parties


✓ (plaintiff, defendant)/(petitioner, respondent)




action of law/equity decision



Master01 | September, 2024/2025 | Latest update

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