Wgu c713 Study guides, Class notes & Summaries

What is a tort? A private wrong Money given to victims that can include a replacement of property, lost wages, and medical expenses is called _____. Additional payments used to deter others from similar conduct is called _____? Compensatory damages Punitive damages. In a work parking garage, a recently terminated employee approaches his boss and verbally mocks him. The boss punches the employee in the face, knocking him out. Later, the employee sues the boss for assault. The bos...

WGU C713 Study Guide (V.3) Unit 5 Questions and Answers 100% Pass 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 lega...

WGU C713 Study Guide (V.3) Unit 4 (2022/2023) 100% Pass What is a patent? sole legal right to an invention and its profits What are three different types of patents? Utility patents: may be granted for machines, processes, articles of manufacture, or improvements. Design patents: granted for ornamental designs for articles of manufacture. Plant patents: cover inventions or discoveries of asexually reproduced plants. What types of things are not patentable? an idea, physical phenomena, laws of ...

How long can a trademark be protected under federal law? indefinitely One reason for the legal protection of intellectual property is to promote -----? Innovation What is a work considered once copyright has expired. Public Domain Improper Misappropriation occurs when you obtain which protected item by using improper means Trade Secrets In addition to phrases, symbols and designs, which of the following can also be trademarked? Words What is the term for w...

WGU C713 Study Guide (V.3) Unit 7 Questions and Answers 100% Verified What are the common form of business organizations? sole proprietorship, general partnership, limited partnership, C corporation or S corporation or a limited liability company What is a sole proprietorship? an unincorporated business with a single owner who pays personal income tax on profits earned from the business. How is a sole proprietorship formed? How is it terminated? to form: turn a profit, get all the right licenc...

What purpose does the law serve in our society? - To resolve conflicts in our society without the use of violence. 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 creation and ope...

WGU C713 (U2.M1) Sources of Law Quiz 100% Pass Which kind of law is made when an appellate court endorses a rule to be used in deciding court cases? Common Law Which kind of law is based on the interpretation of an existing law? Common Law Which kind of law is enacted by state or federal legislatures? Statutory Law Which type of law is used when the Federal Communications Commission publishes a regulation on cigarette advertising on television? Administrative Law The FDA prohibits Drug A fr...

WGU C713 (U3, M4) Tort Law Quiz Already Passed What is a tort? A private wrong Money given to victims that can include a replacement of property, lost wages, and medical expenses is called _____. Additional payments used to deter others from similar conduct is called _____? Compensatory damages Punitive damages. In a work parking garage, a recently terminated employee approaches his boss and verbally mocks him. The boss punches the employee in the face, knocking him out. Later, the employee su...

What are the main elements of a contract? Offer, Acceptance, Consideration, Legality, Capacity, Consent, and Writing Express Contract and Implied Contract The types of contracts (ways of classifying contracts) The role the UCC play in contracts Governs contracts for a sale of goods, while common-law principles govern contracts for sale of services and everything else. Personal satisfaction contracts Permit the promise to make subjective evaluations of the promisor's per...

WGU C713 BUSINESS LAW EXAM 2024- 2025 COMPLETE 400 QUESTIONS WITH 100% CORRECT DETAILED AND VERIFIED ANSWERS BRAND NEW EXAM ALREADY GRADED A+