Liberty University

BUSI 301 Liberty University -BUSI 301 Business Law Exam 2 correctly answeredElements of a Contract - correct answer agreement, consideration, capacity, legality Agreement - correct answer offer and acceptance Consideration - correct answer bargained-for exchange and legally sufficient Capacity - correct answer minor, incompetent, intoxicated Legality - correct answer gambling, crime Guinuiness of Assent - correct answer A mistake or misrepresentation Form - correct answer writi...

BUSI 301 Liberty University -BUSI 301 CH reviews updated already passed what provides formal notice to a defendant that a suit has been filed and gives the defendant a deadline by which to respond - correct answer summons if other dispute resolution fails, the case will go to - correct answer trial ADR clauses are commonly contained in contracts related to ... - correct answer sales of goods, brokerage agreements, employment a party in a lawsuit may request the court to take an action ...

BUSI 301 Liberty University -BUSI 301 Ch. 1 fully solved The executive at the state level , who approves or vetoes state statutes, is the ______________. - correct answer Governor. The U.S. Constitution establishes:____________. Check all that apply. - correct answer Individual civil rights and protective procedures; A structure for federal and state governments; The concept of federalism and shared state and federal powers. __________ courts review trial court decisions and may overturn ...

BUSI 301 Ch. 2 questions n answers graded A+The first ten amendments to the Constitution are referred to as: - correct answer The Bill of Rights. Freedom from unreasonable searches and seizures is found in the ___________________ Amendment. - correct answer Fourth. Purely commercial speech (speech with no political implications whatsoever) is entitled to...... - correct answer Partial First Amendment protection. The _______________ Amendment gives corporations free speech protections. -...

BUSI 301 Ch. 17 questions and answers rated A+ Administrative Law - correct answer A body of law and regulations that governs the organization and operation of administrative agencies Administrative agencies - correct answer Governmental bodies with the authority to implement and administer particular legislation Rulemaking - correct answer Legislative function charged to administrative agencies, whereby they create legally enforceable rules in order to fill in the details of a statute ...

BUSI 301 Chapter 4 with correct solutions civil litigation - correct answer a dispute resolution process where parties and their attorneys argue their positions in a court of law ADR is typically considered as adversarial as litigation - correct answer false A method of ADR that brings an independent reviewer to address complex or industry-specific disputes is: - correct answer expert standing to sue - correct answer the requirement that plaintiffs have a serious interest in a case, wh...

BUSI 301 Chapter 6 questions with complete solutionsA Contract... - correct answer is more than an agreement between two or more parties. Contracts are enforced agreements between the parties. One generally accepted definition of a contract is a promise or a set of promises enforceable by law. The necessary elements of a contract: - correct answer 1. Mutual Assent 2. Capacity to contract 3. Consideration 4. Legal purpose Mutual Assent - correct answer There must be an offer and agreemen...

BUSI 301 Chapter 8 questions with correct answers 100%goods - correct answer tangible personal property that is movable at the time of identification to a contract of sale; money and information are not included under the UCC, however future goods are The UCC applies only to: - correct answer sales contracts sales contract - correct answer A contract for the sale of goods under which the ownership of goods is transferred from a seller to a buyer for a price. merchant - correct answer On...

BUSI 301 Liberty University -BUSI 301 Chapter 13 verified/passedPrincipals - correct answer Owners of a business entity Sole Proprietorship - correct answer One-person business entity with minimal filing requirements Partnership - correct answer Multiple-person business entity where the partners conduct an ongoing business relationship in which profits and losses are shared Express Partnerships - correct answer Partnerships formed when the parties have agreed to conduct a partnership on...

BUSI 301 Liberty University -BUSI 301 Chapter 21 correctly answeredExpress warranty - correct answer The seller makes a representation of fact about a product Many arise in the context of advertising Implied warranty - correct answer The seller has not made a specific representation about the product, the buyer is still protected by the UCC Implied warranties - correct answer 1. Merchantability: every sale of a product from a merchant to a buyer. Fit for ordinary use 2. Fitness for a...