Business Law

Business Law Collin College -Business Law Basics: Assessment 2 fully solved Which of the following protects new and improved products? - correct answer Patent Which of the following types of law deals with rules for securing and enforcing legal rights to original ideas and inventions? - correct answer Intellectual Property Law Which of the following is a written or spoken agreement which is enforceable by law? - correct answer Contract Which of the following types of agency relationshi...

Business Law CH 1-4What is the importance of a Business Law course in a business/management curriculum or a business person? - correct answer Legal concepts, principles, and rules provide the foundation for the conduct of business. The law determines who may conduct business, how it can be conducted, and what to do if the requirements are not met. Law controls the relationship between parties. The law also provides a way for the government to regulate business behavior. How can businesspeople...

Business Law Collin College -Business Law CH 1-4 What is the importance of a Business Law course in a business/management curriculum or a business person? - correct answer Legal concepts, principles, and rules provide the foundation for the conduct of business. The law determines who may conduct business, how it can be conducted, and what to do if the requirements are not met. Law controls the relationship between parties. The law also provides a way for the government to regulate business beha...

Business law chapter 1Laws - correct answer Enforceable rules of conduct in a society Code - correct answer Laws grouped into an organized form Sovereign - correct answer A supreme ruler Common law - correct answer Law based on current standards or customs of the people Positive law - correct answer Laws made by man that require some specific action Jurisdiction - correct answer Power of a court to decide a case Jury - correct answer Panel of citizens who help interpret society...

Business Law Chapters 1, 3, 4, and 5The base of our legal system - correct answer Largely based upon the English model. Also the Iroquois Native Americans played a role in the creation of our government. How many nations made up the Iroquois group? - correct answer 5, the mohawk, cayuga, oneida, onondaga, and seneca. Sachems were chosen by each tribe and they met in the League of Nations. Federalism - correct answer The Iroquois created this, its how to have two levels of government, each ...

Business Law Civil LawTort - correct answer An interference of another's rights Tortfeasor - correct answer Someone who intentionally commits a tort Tort Law - correct answer Be free of bodily harm Enjoy a good reputation Conduct business without interferance Have property free from damage or trespass Assault - correct answer Threatening harm resutling in fear HAS to be intimidated/fearful Battery - correct answer Unlawful touching of a person Trespass - correct answer Wrongf...

Business Law Collin College -Criminal Law - correct answer requirements imposed by government on citizens by statute or ordinance where the conduct represents a societal interest in need of protection enforceable contract - correct answer must be an agreement, consideration, capacity and legality Agreement - correct answer must consist of an offer made by one party and an acceptance by another. Can be oral or written Acceptance - correct answer must be timely and unequivocal. Once acce...

Business Law Exam #1What is law? - correct answer consists of enforceable rules governing relationships among individuals and between individuals and their society What feature do all laws have in common? - correct answer they establish rights, duties, and privileges that are consistent with the values and beliefs of a society or ruling group. Breach - correct answer failure to perform a legal obligation Primary Sources of Law - correct answer Sources that establish the law include the ...

Business Law Exam #1why do legal systems evolve? - correct answer to encourage and promote stability and order define law - correct answer a body of enforceable rules which govern relationships among and between individuals and society defin substantive law - correct answer create rights, duties, and privileges consistent with public policy at the time of enactment examples of substantive law - correct answer legislative acts and judicial pronouncements define procedural laws - corre...

Business Law Exam #2 (STUDY GUIDE)Contract - correct answer Agreement that is enforceable by a court of law or equity Unilateral Contract - correct answer A contract in which the offeror's offer can be accepted only by the performance of an act by the offeree. (A promise for an act) Express Contract - correct answer An agreement that is expressed in written or oral words Quasi-Contract - correct answer An equitable doctrine whereby a court may award monetary damages to a plaintiff for ...