Legl 2700 epstein test 3 - Study guides, Class notes & Summaries

LEGL 2700 Test 3 Epstein UGA Questions and Answers | Latest Update | 2024/2025 | Graded A+ What is the business judgment rule? The business judgment rule protects corporate directors from liability for decisions made in good faith and with reasonable care, even if the decisions turn out poorly. What does piercing the corporate veil involve? Piercing the corporate veil involves holding shareholders personally liable for a corporation's debts or actions, typically when the corpo...

LEGL 2700 test 3 Epstein UGA Exam Questions Solved Role of Scarcity (property) - Answer -need for resources overtakes supply of those resources State controlled/communism - Answer -govt controls resources and directs how they're divided between citizens; control means of production Property-based/capitals - Answer -enact laws that enable citizens to acquire, possess, use, and transfer resources; free market States generally have a mix - Answer -not purely one or the other Real Pr...

LEGL 2700 test 3 Epstein UGA Questions And Answers Criminal Law - Answer -- Protects wrongs against society. - Authority in federal and state codes(penal codes). - Governement is the party prosecuting. Felonies vs. Misdemeanors - Answer -- Felonies o Indictment = Grand Jury o Fine or Imprisonment > 1 year - Misdemeanor o Information = Gov't Charge o Fine or Jail < 1 year 3 criminal pleas - Answer -Guilty, Not Guilty, Nolo Contendere("no contest") Trends in White-Colla...

LEGL 2700 Test 3 Epstein UGA 2024 Exam Actual Real Set Questions With Revised Correct Answers | Passed!! state controlled/communism - Answer -the government controls all the resources property-based/capitalism - Answer -laws enable citizens to acquire, possess, and use resources private property - Answer -establishes necessary condition for capital formation real property - Answer -land, interests in land, buildings (surface, air, subsurface, fixtures) personal property - Answer -...

LEGL 2700 Epstein 2024 Test 3 Exam Actual Real Set Questions With Revised Correct Answers | Passed!! white collar crime - Answer -any illegal offense that occurs in a business or professional setting felony - Answer --indictment / grand jury -fine or imprisonment greater than 1 year misdemeanor - Answer --information / gov charge -fine or jail less than 1 year intent - Answer -willfully or knowingly pleas in criminal cases - Answer -guilty, not guilty, nolo contendere (no contest) t...

Role of Scarcity (property) -Correct Answer need for resources overtakes supply of those resources State controlled/communism -Correct Answer govt controls resources and directs how they're divided between citizens; control means of production Property-based/capitals -Correct Answer enact laws that enable citizens to acquire, possess, use, and transfer resources; free market States generally have a mix -Correct Answer not purely one or the other Real Property -Correct Answer land,...

LEGL 2700 Jason Epstein UGA Test 2 Exam Questions All Correctly Answered Ethics can... - Answer -1. keep us out of trouble -personally & as a company -permeates everything we do; not just scandals 2. be used to our advantage -corporate culture -win trust of clients, suppliers, investors does ethics = law? - Answer -NO -law is the floor -ethics is doing right thing and going above and beyond what the law requires are ethics and law related? - Answer -YES -ethics help set the law -...

LEGL 2700 Test 2 Jason Epstein Questions and Answers | Latest Update | 2024/2025 | 100% Pass What is the primary purpose of a bailment? The primary purpose of a bailment is to transfer possession of personal property from one party to another for a specific purpose, with the expectation that the property will be returned. How does employment-at-will affect termination of employment? Employment-at-will allows either the employer or the employee to terminate the employment relation...