Business Law

Liberty University

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Business law test 1| 138 QUESTIONS| WITH COMPLETE SOLUTIONS

Business law test 1| 138 QUESTIONS| WITH COMPLETE SOLUTIONS
Exam (elaborations) • 10 pages • 2022
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The reason we study law? correct answer: It is the single most significant influence in society today. What is the definition of law? correct answer: Law is a body of principles that govern conduct and can be enforced by courts or administrative agencies. What is the definition of business law? correct answer: enforceable rules that governs commercial relationships What is the significance of law in business? correct answer: -determines good/bad, right/wrong behavior that govern rel...