BUSI 301 (BUSI 301)

BUSI 301 Liberty University -Busi 301 Week 1 with answers rated A+Laws passed by the federal or a state legislature and either approved or rejected by the executive branch are called - correct answer statutes Most American law derives from this country's legal doctrines - correct answer England Federal statutes are created by the United States _____ and approved or vetoed by the President. - correct answer Congress or legislature A typical business transaction may be impacted by many a...

Busi 301 Week 3 with complete solutionsAgency is a legal relationship in which the parties agree, in some form, that one party will act as an ----- for another party, called the -----, subject to the control of the principal - correct answer agent principal Agents can be classified into any of the following broad categories except: ______. - correct answer principal-agents The nonagent employee relationship is referred to as the ----- - correct answer master-servant relationship. In mo...

BUSI 301 Week 5: Ch. 15 questions with correct answersBusiness corporation law - correct answer Often the title for a specific state law that covers such matters as the structure of the corporation, oversight of the activity of the corporation's managers, rights of the principals in the case of the sale of assets or ownership interests, annual reporting requirements, and other issues that affect the internal rules of the business venture. Revised Model Business Corporation Act (RMBCA) - corr...

BUSI 301 correctly answered to passThe Constitution - correct answer ______ has amendments that help protect the citizens from certain types of government acts Preamble - correct answer The borad objectives of the constitution are contained in the _______ law fact - correct answer at trial the judge decides the _____ and the jury decides the ______ Mediation ADR - correct answer ________ is entered into on a voluntary basis and can be binding or non binding because a company can reqiure...

BUSI 301 Liberty University -BUSI 301 well answered graded A+The Constitution - correct answer ______ has amendments that help protect the citizens from certain types of government acts Preamble - correct answer The borad objectives of the constitution are contained in the _______ law fact - correct answer at trial the judge decides the _____ and the jury decides the ______ Mediation ADR - correct answer ________ is entered into on a voluntary basis and can be binding or non binding bec...

BUSI 301 Liberty University -Busi-301 Ch. 1 (1) well answered Law - correct answer a body of rules of action or conduct prescribed by controlling authority and having legal binding force Common characteristics of current state of law - correct answer it creates duties, obligations, and rights that reflect accepted views of a given society Law provides a mechanism - correct answer to resolve disputes arising from those duties and rights and allows parties to enforce promises in a court of ...

Business Law 301: Exam 3 with complete solutionsMediation - correct answer - satisfy mutual interests of the parties with the assistance of a mediator - mediator has no power - focus on needs rather than rights Typical Stages of Mediation - correct answer - Initial Contact - Beginning Mediation Session - Discuss Each Issue - Caucus may be necessary - final agreement in writing Initial Contact - correct answer - Educate Parties - Formal Agreement to mediate - Collect Info about Disp...

Liberty University-BUSI 301-BUSI LAW- FINAL Ch. 14-17 fully solved graded A+Principals - correct answer Owners Busi Entity When choosing a business entity, what 5 things should be considered? What starts a business - correct answer Formation Liability Cap Tax Mangagment/ Operation Sole Proprietorship - correct answer Easy formation Minimal fee No annual fillings straight forward filing CAP- loan secured by personal assets trade name vs. individual names con- lack of protection...

BUSI 301 Liberty University -LU BUSI 301 Chapter 10 fully solvedTort - correct answer Civil wrong where one party has acted/failed to act, leading to a loss suffered by another party. Tort Law - correct answer Intended to compensate injured parties for losses resulting harm for some unreasonable conduct by another. Torfeasor - correct answer One who commits a tort Tortious conduct - correct answer Tortfeasor's wrongful conduct Restatements of Torts - correct answer Document that gov...

BUSI 301 - CH 3 Liberty University - Question and answers correctly solved BUSI 301 - CH 3 judiciary branch - correct answer has 2 primary roles: 1. courts adjudication role - resolves disputes 2. judicial review - review decisions of lower courts or the actions of other branches U.S. system of government is a "federal" system - correct answer 2 distinct levels: 1. state 2. federal state courts - correct answer adjudicates cases arising under state statutes, state common law, or ...