LEGL 2700 BUNDLED Exams 2023 with 100% correct answers

quasi-legislative - correct answer -an agency can issue rules (regulations) that have the impact of laws quasi-judicial - correct answer -agencies can make decisions like a court cease and desist order - correct answer -An administrative or judicial order prohibiting a person or business firm ...

contract - correct answer -a legally enforceable promise or an exchange of promises Uniform Commercial Code (UCC) - correct answer --covers the sale of goods -goods are tangible, movable items of personal property -applies to individuals & firms -uniform state law -Article 2: applies to con...

property - correct answer -the legal right to exclude others from resources that are originally possessed or are acquired without force, theft, or fraud private property - correct answer -protects private persons and allows them to exclude others from interfering with resources that are acquired ...

Act - correct answer -Legislation passed by congress Administrative Law - correct answer -Covers legal principles that apply to government agencies, bureaus, boards, or commisions Breach of Contract - correct answer -When one party of a contract fails to do what they agreed to Citation - co...

Law - correct answer -made up of rules laid down by state and backed by enforcement -written social force -mean nothing w/o enforcement Rule of Law - correct answer --laws are made generally and apply to everyone equally -necessary for strong and diverse economies -transparency in business ...

Members - correct answer -The individuals or business entities that belong to a limited liability company Benefit Corporation - correct answer -a corporate form that requires directors to ensure that the corporation meets explicit social goals in addition to producing shareholder profits Manag...

Administrative Agency - correct answer -An organization, usually a part of the executive branch of government, that is created to serve a specific purpose as authorized by the legislative branch Function is usually characterized as quasi-legislative or quasi-judicial Quasi-legislative - correct ...

Promise - correct answer A commitment or willingness to be bound to a contract obligation Uniform Commercial Code (UCC) - correct answer The most successful attempt to have states adopt a uniform law Purpose is to simplify, clarify, and modernize the laws governing commercial transactions Goo...