Blaw exam 2 1 - Study guides, Class notes & Summaries

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 Entrepreneur 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. Sole Proprietorship You can establish without filing any legal documents. ...

CSULB / BLAW 320 - Final Exam Four Primary US Sources of Law - correct answer 1) U.S. Constitution and State Constitutions 2) Statutes, or laws, passed by Congress and by state legislators 3) Regulations created by administrative agencies 4) Case Law (court decisions) Constitutional Law - correct answer - The body of law derived from the U.S. Constitution and the constitutions of the various states. Statutory Law - correct answer - The body of law enacted by legislative bodies ...

CSULB / BLAW 320 - Final Exam Four Primary US Sources of Law - correct answer 1) U.S. Constitution and State Constitutions 2) Statutes, or laws, passed by Congress and by state legislators 3) Regulations created by administrative agencies 4) Case Law (court decisions) Constitutional Law - correct answer - The body of law derived from the U.S. Constitution and the constitutions of the various states. Statutory Law - correct answer - The body of law enacted by legislative bodies ...

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...

Pleasant BLAW Exam 3 Questions With Verified Answers Contract An agreement that can be enforced in court; formed by two or more parties, each of whom agrees to perform or to refrain from performing some act now or in the future. Bilateral Contract promise for a promise Unilateral Contract promise in exchange for an act Formal Contract requires a special form for creation Informal Contract requires no special form for creation Express Contract Formed by words (oral...

Blaw 3391 Test #1 Exam Questions With Verified Answers 100% Solved Constitutional Law 1st Source of law - Federal and State Constitutions Executive Order Legally binding directive from the president - Ex in 1957 Eisenhower ordered federal troops to enforce the Supreme Court's ruling to desegregate the school system Treaty Written Agreement between two or more countries Becomes Legally binding when they are approved by 2/3 of the Senate Statutory Law 2nd Source of law - the f...

BLAW Exam 1 TCU Mackenzie Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+ Where did the law originate from? Why? Correct Answer: England, because that's the only law they knew The tendency to decide cases based on previous rulings. Provides consistency, efficiency, liable, stability Correct Answer: Precedent All courts under have to apply the same ruling Correct Answer: Binding Precedent Accumulation of precedents; judge made law Correct Answer: Comm...

BLAW 3310 - Exam 3 Review Test Bank, Complete Solution Guide: Latest Guide - University of Texas, Arlington. Chapter 12 Negotiable Instruments, Credit, and Bankruptcy 1. Every year, creditors have to absorb in unpaid debt: a. about $100 million b. about $5 billion c. over $20 billion d. less than $5 million e. about $20 million ANSWER: c (page 331) National: AACSB Analytic; AICPA BB-Legal 2. Every year, creditors have to absorb in unpaid debt: a. about $10 million b. about $1 billio...

BLAW 3310 - Exam 3 Review Test Bank, Complete Solution Guide: Latest Guide - University of Texas, Arlington. Negotiable Instruments, Credit, and Bankruptcy 1. Every year, creditors have to absorb in unpaid debt: a. about $100 million b. about $5 billion c. over $20 billion d. less than $5 million e. about $20 million ANSWER: c (page 331) National: AACSB Analytic; AICPA BB-Legal 2. Every year, creditors have to absorb in unpaid debt: a. about $10 million b. about $1 billion c. about ...

BLAW Pleasant Exam 1 TTU Questions With Verified Answers Primary Source of Law - answera document that *establishes the law* on a particular issue, such as constitution, a statute, an administrative rule, or a court decision. Constitutional Law (4 sources of law) - answerlaw based on documents setting forth for the general organizations, powers, and limits of the government. Executive Orders - answerLegally binding directive from the president. Treaties - answerwritten agreements by 2 or ...