Blaw 3391 pleasant Study guides, Class notes & Summaries

BLAW 3391 Pleasant Exam 2 Questions With Verified Answers Entrepreneur - answerOne who initiates and assumes the financial risk of a new business enterprise and undertakes to provide or control its management Sole Proprietorship - answerThe simplest form of business organization, in which the owner reports business income on his or her personal income tax return and is legally responsible for all debts and obligations incurred by the business. Sole Proprietorship in TX - answerYou can est...

BLAW 3391 Pleasant Test 2 Exam Questions And Answers (Verified And Updated) What is real property? - answer-Land and everything attached. -Law states land is owned to the center of the earth. What is a fixture? - answer-Part of the land (ex. trees) How can real property become personal property? - answer-Removal from land. -(ex. apple from a tree). How can personal property become real property? - answer-Planted into land. -(ex. planted shrubbery or lumber used to erect building). Subte...

BLAW 3391 Pleasant Test 2 Exam Questions And Answers (Verified And Updated) What is real property? - answer-Land and everything attached. -Law states land is owned to the center of the earth. What is a fixture? - answer-Part of the land (ex. trees) How can real property become personal property? - answer-Removal from land. -(ex. apple from a tree). How can personal property become real property? - answer-Planted into land. -(ex. planted shrubbery or lumber used to erect building). Subte...

BLAW 3391 Pleasant Test 2 Exam Questions And Answers (Verified And Updated) What is real property? - answer-Land and everything attached. -Law states land is owned to the center of the earth. What is a fixture? - answer-Part of the land (ex. trees) How can real property become personal property? - answer-Removal from land. -(ex. apple from a tree). How can personal property become real property? - answer-Planted into land. -(ex. planted shrubbery or lumber used to erect building). Subte...

If the Supreme Court determines that a state criminal law violates a provision of the Fourth Amendment, that law will be declared: - Unconstitutional T/F: State constitutions are a primary source of law - T Law based on documents setting forth the general organization, powers, and limits of the government - Constitutional Law What is the "supreme law of the land"? - U.S. Constitution Statues come from _____ and _____ - Congress; State and local legislatures T/F: Congress passes federal ...

What liabilities do members of an LLC hold? - All members get limited liability. . Kelo vs. New London - New London, a city in Connecticut, used its eminent domain authority to seize private property to sell to private developers. The city said developing the land would create jobs and increase tax revenues. Susette Kelo and others whose property was seized sued New London in state court. The property owners argued the city violated the Fifth Amendment's takings clause, which guaranteed th...

Bilateral contract - correct answer A type of contract that arises when a promise is given in exchange for a return promise. ex. When Shannon promises to pay Gary $1000 in exchange for his promise to paint her car on July 1st. contract - correct answer A legally enforceable agreement that is created when 2 or more competent parties agree to perform, or to avoid performing, certain acts that they have...

UCC (Uniform Commercial Code) - correct answer the body of laws governing commercial transactions in the US. Sources of Law - correct answer Constitutional, Statutory, Administrative, Common Constitutional Law - correct answer law that involves the interpretation and application of the U.S. Constitution (supreme law of the land) and state constitution...

BLAW 3391 Pleasant Exam 2 Questions With Verified Answers Entrepreneur - answerOne who initiates and assumes the financial risk of a new business enterprise and undertakes to provide or control its management Sole Proprietorship - answerThe simplest form of business organization, in which the owner reports business income on his or her personal income tax return and is legally responsible for all debts and obligations incurred by the business. Sole Proprietorship in TX - answerYou can est...

BLAW 3391 Pleasant Exam 2 Questions With Verified Answers One who initiates and assumes the financial risk of a new business enterprise and undertakes to provide or control its management - answerEntrepreneur The simplest form of business organization, in which the owner reports business income on his or her personal income tax return and is legally responsible for all debts and obligations incurred by the business. - answerSole Proprietorship You can establish without filing any legal do...