BUSI 301 (BUSI 301)

BUSI 301 Liberty University -LU BUSI 301 Chapter 10 verified answers Tort - 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 th...

Busi 301 Week 1Laws 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 areas of the law: - correct answer before, during, a...

Busi 301 Week 3 Liberty University - Questions with complete solution Busi 301 Week 3 Agency 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 ----- - ...

BUSI 301 - Connect Homework well answered graded A+What type of litigation involves parties and their counsel arguing their respective positions on a business controversy in a court of law? - correct answer Civil In a business context, dispute resolution should be: - correct answer 1. a part of business strategy. 2. a part of business planning. How does a plaintiff initiate a civil lawsuit? - correct answer Filing a complaint Documents filed by a party to the lawsuit, asking the court ...

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 - Connect Homework questions well answered graded A+ What type of litigation involves parties and their counsel arguing their respective positions on a business controversy in a court of law? - correct answer Civil In a business context, dispute resolution should be: - correct answer 1. a part of business strategy. 2. a part of business planning. How does a plaintiff initiate a civil lawsuit? - correct answer Filing a complaint Documents filed by a party to the lawsuit, asking...

BUSI 301 Liberty University -BUSI 301 Chapter 21 correctly answeredExpress warranty - correct answer The seller makes a representation of fact about a product Many arise in the context of advertising Implied warranty - correct answer The seller has not made a specific representation about the product, the buyer is still protected by the UCC Implied warranties - correct answer 1. Merchantability: every sale of a product from a merchant to a buyer. Fit for ordinary use 2. Fitness for a...

BUSI 301 Liberty University -BUSI 301 Exam #1 with correct answersan employee hired or appointed within an organization to settle disputes is called an - correct answer ombudsperson Violetta voluntarily goes for a ride with alfredo, who is drunk. a court would regard this as: - correct answer the assumption of the risk the tort of false imprisonment protects - correct answer mental and physical interests stare decisis - correct answer lends predictability to decisional law by relying on...

BUSI 301 Week 5: Ch. 15Business 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) - correct answer Model act drafted by...

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...