Wgu c713 Study guides, Class notes & Summaries

WGU C713 Business Law Questions and Answers 100% Solved common law refers to? law made when judges decide cases and then follow those decisions in later cases three branches of government in the US are? the executive, legislative, judicial when the food and drug adminstration prohibits a certain drug from being marketed in the US this is? an agency regulation statutory law is to legislative bodies as common law to? courts if in 1900 the Minnesota supreme court ruled that a minor can void a c...

What is the difference between a tort and a crime? Tort is a civil wrong that unfairly causes someone else to suffer loss or harm resulting in legal liability for the person who commits the tortuous act. A crime is a wrongful act that the state or federal government has identified as a crime. How would you describe an intentional tort? the 'tortfeasor' intended the consequences of his act or knew with some certainty that consequences would result from the act. What is the diffe...

What purpose does the law serve in our society? To resolve conflicts in our society without the ise of volence. What are the three branches of government? Executive, Legislative, and Judicial What is Statutory Law? Law that is created by a legislative body, known as congress, at the federal Level. What is common Law? Is Judge-Made Law. It is law that comes from previous Judge rulings in similar cases. What is administrative Law? A branch of law that governs the c...

What is the restatement of contracts? Detailed Analyses of the decided cases in the field. the restatements declare the law as the courts have determined it to be. What is the Uniform Commercial Code? A large collection of legal rules regarding many important businesses or commercial activities. What are the Elements of a legal contract? 1. the parties reached an agreement. 2. consideration was present. 3. the agreement was legal. 4. the parties entered into the contract with ca...

the tendency to decide current rulings based on previous cases, only binding in lower courts - precedent judge made law, often created through many precedents - common law gives the right to interpret laws and determine their validity - judicial power legislature to become a law - statutes bill (congress), simple majority in house and senate -> president (veto power) -> 2/3 in house and senate -> statute - laws order to stop doing something - injunction most government agencie...

Expectation Interest What the injured party reasonably thought she would get from the contract Reliance Interest If the injured party has not shown an expectation interest, but proves that he spent money in reliance on the agreement and that, in fairness, he should receive compensation: Designed to put an injured party in the position he would have been in had the parties never entered the contract Restitution Interest The injured party has conferred a benefit on the other party...

A federal trial court judge is deciding a case based on constitutional law. The judge finds a past appellate case that is very similar to the current case and decides to follow the ruling established by the prior court. Which legal concept describes why this decision is binding on future cases? - Stare decisis What is an example of the concept of precedent? - A case that a lower trial court identifies as resolving a similar issue An employee leaves the company office and is injured by a fa...

What is the principal source of stare decisis and precedent? A) Constitutional Law B) Administrative Law C) Statutory Law D) Common Law - ️️Common Law A rent-to-own store offered for sale a sofa that was manufactured in a foreign county. The store intentionally represented that the sofa was made from leather, but in reality it was made from vinyl. A consumer used a credit card to purchase the sofa and hopes the Federal Trade Commission regulations can help resolve the dispute. H...