Lsb 3213 exam 2 Study guides, Class notes & Summaries

LSB 3213 EXAM 2 - HOLDEN | 100 QUESTIONS | WITH CORRECT ANSWERS!!

LSB 3213 Exam 2 – Holden Guaranteed A+ - Illegal contracts are A) Void B) Voidable C) Unjust D) A violation of the Uniform Commercial Code ️A - Generally, contracts for the sale of goods fall under the jurisdiction of: A) The Uniform Commercial Code. B) State statutory law based on the Uniform Commercial Code. C) State common law. D) Federal regulations. ️B - Will and Kendrick reside in a state where contracts for transactions exceeding $500 must be in ...

LSB 3213 - exam 2 - A contract is defined as a legally enforceable promise or a set of promises. - The four essential elements required for a valid contract are: 1. **Mutual Assent**: Both parties must express their willingness to enter into the contract, either through words or behavior. 2. **Consideration**: Each party must receive something of value (a legal benefit) and give something of value (a legal detriment). 3. **Legality of Purpose**: The contract must have a lawful objectiv...

Illegal contracts are A) Void B) Voidable C) Unjust D) A violation of the Uniform Commercial Code - A In general, contracts for the sale of goods are governed by: A) the Uniform Commercial Code. B) state statutory law based on the Uniform Commercial Code. C) state common law. D) federal regulations. - B Will and Kendrick live in a state that requires that contracts involving transactions over $500 be in writing. If they enter a verbal agreement to buy a car for $1,500, this contr...

LSB 3213 - Exam 5 All Answers Correct - If Warren experiences severe emotional distress after a rock crashes through his roof from Wiley Blasting Company, his best recovery theory against Wiley would be: ️Strict Liability - Written defamation is referred to as: ️Libel - Which statement is true regarding tortious interference with prospective advantage? ️The law protects against interference with potential business contracts and other business relationships. - What are the t...

EXAM 2: LSB 3213 Exam 2 – Holden; Questions with Solutions Illegal contracts are A) Void B) Voidable C) Unjust D) A violation of the Uniform Commercial Code Correct Answer-A

LSB 3213 Exam 3 Study Guide Graded A+ Which of the following statements is incorrect? ️A corporation may not incur obligations separate from those of its principals. Raul wants a simple method to start-up a small marketing company. The marketing firm has relatively low revenue and expenses. Which type of business entity would you suggest? ️Sole proprietorship Which statement below is correct about a sole proprietorship? ️It has low start-up costs and minimal filing. Which of ...

LSB 3213 Exam 1 (Okstate) Study Guide with Complete Solutions knowledge of "black-letter" law and what conduct leads to liability is enough - Answer️️ -false areas of law that affect business decision making - Answer️️ -contracts, intellectual property, product liability, torts, sales, internet law (privacy), environmental law torts defined - Answer️️ -common law jurisdiction; a civil wrong that causes someone else to suffer loss primary sources of law - Answer️️ -thos...

EXAM 2: LSB 3213; Questions &Answers 100% Pass what is a contract? Correct Answer-legally enforceable promise or set of promises what are the four basic required elements of a valid contract? Correct Answer-Mutual Assent: parties to contract must indicate through words or behavior that they willingly agree to enter into contract

EXAM 2: LSB 3213 OK State; Questions &Answers 100% Correct What are the sources of contract law? Correct Answer-Common Law & UCC What is the purpose/policy behind contract law? Correct Answer-To assure the parties to private agreements that the promises they make will be enforceabl