Blaw ttu - Study guides, Class notes & Summaries

BLAW 3391 TTU Exam 2 Questions And Answers (Verified And Updated) Sole Proprietorship - answerSimplest business form; owner is the business. Owner reports business income on personal income tax return and is legally responsible for all debts and obligations incurred by the business. 2/3 of all U.S. businesses are formed in this way. Sole Proprietorship Advantages - answer•Owner receives all profits; pays only personal taxes •Easy to create; less costly •Flexible decision making So...

BLAW Pleasant Exam 1 TTU Questions With Verified Answers Primary Source of Law - answera document that *establishes the law* on a particular issue, such as constitution, a statute, an administrative rule, or a court decision. Constitutional Law (4 sources of law) - answerlaw based on documents setting forth for the general organizations, powers, and limits of the government. Executive Orders - answerLegally binding directive from the president. Treaties - answerwritten agreements by 2 or ...

n approved by 2/3 of the senate. Statutory Law (4 sources of law) - answer-laws enacted by legislative bodies at any level of government, such as statutes passed by congress or by any state legislatures. Ordinance - answerlaw passed by a local government, such as city council. Administrative Law (4 sources of law) - answerthe body of rules, regulations and decisions created by administrative agencies. Uniform Commercial Code (UCC) - answer-Set of laws that govern various *commercial trans...

disparate impact discrimination - results from certain employer practices that have a discriminatory effect but are unintentional Diversity of Citizenship Jurisdiction - federal court jurisdiction over a lawsuit between citizens of different states (or even involving a U.S. citizen and a citizen of a different country) Actual Agent Authority - where the principal gives the agent legal permissions to act on the principal's behalf. Age that is protected from discrimination - 40 Agencies - ...

TTU BLAW 3391 Exam 2 Questions With Verified Answers How can a person discharge their duty under a contract? -Failure of condition (precedent/ subsequent) -Performance (fulfilling one's contractual obligation) -Breach (breaking the contract) -Operation of law (relief by a court by reason of law) -Agreement (potentially a subsequent contract) Discharge termination of a contractual obligation Contract Discharge by Performance -Complete -Substantial Contract Discharge by Agreem...

title vii - correct answer makes it "an unlawful employment practice for an employer ... to discriminate against any individual with respect to his compensation, terms, conditions, or privileges of employment, because of such individual's race, color, religion, sex, or national origin. intermediate - correct answer *[Oncale VS. Sundowner]* - The Fifth Circuit Court affirmed the trial court's deci...

BLAW Final Exam Review Ch. 10-18 Pleasant TTU Questions And Answers (Verified And Updated) Jackie agrees to pay Ben $1,000 if Ben agrees to not go skydiving for six months. After Ben avoids skydiving for six months, he asks Jackie for payment. Jackie declines to pay Ben the $1,000. The contract between Jackie and Ben: - answerwill be enforced because Ben exercised forbearance which is legally sufficient consideration. Michael agrees to buy Randy's wheelbarrow for $100. After the agreemen...

blaw 3391 TTU exam 3 Questions With Verified Answers Sole Proprietorship is the simplest form of business organization. Anyone who does business without creating a separate business entity is a sole proprietor. The owner is the business. The owner pays personal income taxes on all profits and is personally liable for all business debts. Distributorships for example, automobile dealerships Chain-style business operations fast-food chains) Manufacturing or processing-plant arrangements ...

BLAW 3391 TTU Exam 1 Questions With Verified Answers Laws - answerrules governing relationships among individuals and between individuals and their society. Priorities of Law? (Highest to lowest) - answerFederal Constitution Federal Statutes State Constitution State Statutes Local Ordinances Conflict Order of precedence Agencies - answercreated by legislatures and make their own rules which have the legal force of statutory law. (ex: IRS) Common Law - answer- The earliest version of...