Business Law

Business Law Exam 1 (ch. 1,2,3,6,7)law - correct answer A body of enforceable rules governing relationships among individuals and between individuals and their society. Primary sources of law - correct answer 1. The U.S. Constitution and the constitutions of the various states. 2. Statutory law—including laws passed by Congress, state legislatures, or local governing bodies. 3. Regulations created by administrative agencies, such as the Food and Drug Administration. 4. Case law and commo...

Business Law Exam 1 (ch. 1-4)administrative agency - correct answer a federal, state, or local government agency established to perform a specific function; administrative agencies are authorized by legislative acts to make and enforce rules to administer and enforce the acts. administrative law - correct answer the body of law created by administrative agencies (in the form of rules, regulations, orders, and decisions) in order to carry out their duties and responsibilities. allege - corr...

Business Law exam 1 (ch. 1-19) sample questions (T/F) 1 Common law is a type of law that only applies to "common" transactions involving less than $100. - correct answer False (T/F) Law consists of suggestions and policies that society uses to advise individuals in their relationships. - correct answer False (T/F)The right to privacy against an unreasonable search of one's home is guaranteed by the Fourth Amendment to the United States Constitution. - correct answer True (T/F)Gene...

Business Law Exam 1 chapters 1,2,3,4Laws and regulations affect virtually ____ - correct answer all business activities Business Decisions are affected by: - correct answer Torts, Agency Law, Product Liability, Intellectual Property Rights, Negotiable Instruments, Creditors' Rights, Sales Law, Contracts, Procedural Law, Courts, Environmental Law, Business Organizations, Local Laws, State Laws, National Laws and many other potential legal factors. Sources of American law: - correct answer ...

Business Law Exam 1 Chapters 1-7Definition of law - correct answer Enforceable rules governing relationships among individuals and between individuals and their society Function of law - correct answer Provide stability predictability and continuity Sources of American Law - correct answer Constitution statutory administrative common law Common Law started in? - correct answer England Legal v. Equitable remedies - correct answer Legal- money or items of value (land) Equitable- speci...

Business Law Exam 1 Study Guide questions with correct answers rated A+Common Law - correct answer Developed by judges who issue their opinions when deciding a case. Statutes - correct answer Written law enacted by the legislative branch of the federal & state governments that establishes certain courses of conduct that covered parties must adhere to. Stare Decisis - correct answer "To stand by the decision" Precedent - correct answer -Rule of law established in a court decision. -L...

Business Law- Exam 1 questions with verified answersStable legal system in U.S. - correct answer stable and flexible system - other countries try to copy, but cant executive branch - correct answer makes law by executive order, president use to make law Legislative branch - correct answer congress, makes laws through statutes and codes, largest body of law Judicial law - correct answer common law, created by judges, when making law, take facts of dispute, apply law to facts and make dec...

Business Law Exam 1 When Sara stole an apple from the grocery store, her mother made her return it. Sara complained that it was just one apple and the store wouldn't notice. Her mother explained that if she began stealing apples, she would soon move on to bigger things to steal and start leaving a dangerous life. Her mother said she would end up in jail because she would eventually be caught and she would live the rest of her life in a cell. Her mother is using the/a: - correct answer Slippery...

Business law EXAM 1 fully solved graded A+M & M candies wants its suppliers to conform to U. S. environmental and labor laws, not just the local laws in the supplier's country, where regulations may not be as stringent. Their policy reflects the beliefs that people have a right to be treated fairly in their jobs and a right as human beings to have a clean environment. This is an example of what school of jurisprudence? Legal Positivism; Natural Law; Legal Realism; Historical School: Traditi...

Business Law Examples with correct solutionsI sell you my car and you have not given me the money - correct answer Executory I gave you the car and you gave me the money - correct answer Executed I have a healthcare proxy but I can't control your money, and I couldn't get you a POA because your incapacitated, do you want guardianship of the person or property? - correct answer Property, you want to control the money Tor F: If you have a healthcare proxy, most likely you don't need gu...