Blaw test 4 - Study guides, Class notes & Summaries

2024 BLAW FINAL EXAM 4 | Actual Questions and Verified Answers ( Included ) 100% Correct

BLAW 3310 - Exam 3 Review Test Bank, Complete solution guide: Latest Guide-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 $20 million d. about $50 million e. none of the other choices are correct AN...

BLAW 212 Final Exam Questions and Answers Graded A What is a tort and how is it different from a contract? - Answer-A tort is civil wrong, where the conduct of one person causes harm or invades the interests of another, other than a breach of contract or breach of trust, that for which a court will give a remedy How is a tort different from a crime? - Answer-Crimes are brought to the State to punish wrongdoing, torts involve the victim of wrongful conduct seeking compensation Who is a dut...

BLAW 3310 Test 3 Schwemer Study Guide with Complete Solutions LLC and Personal Liability - Answer️️ -No member or manager is personally liable for all debts. Piercing the corporate veil - Answer️️ -A situation in which courts put aside limited liability and hold shareholders or directors personally liable for a corporation's actions or debts. Forming a partnership - Answer️️ -Either an oral or written agreement must be made between partners. Written is the most formal and ma...

BLAW 212 Laws and Tests Questions and Answers All Correct What are the four steps of contract formation? - Answer-1. Offer 2. Acceptance 3. Intention to be bound 4. Consideration What is an offer? - Answer-A clear and unambiguous undertaking or promise to be bound by specified terms which becomes binding on acceptance What are the three characteristics of offer? - Answer-1. Must be definite and clear in its terms (leaves nothing open for negotiations) 2. Can be expressed or implied ...

2024 BLAW Chapter 4 | Actual Questions and Verified Answers ( Included ) 100% Correct

BLAW 212 Final Exam Questions and Answers Graded A What is a tort and how is it different from a contract? - Answer-A tort is civil wrong, where the conduct of one person causes harm or invades the interests of another, other than a breach of contract or breach of trust, that for which a court will give a remedy How is a tort different from a crime? - Answer-Crimes are brought to the State to punish wrongdoing, torts involve the victim of wrongful conduct seeking compensation Who is a dut...

BLAW 212 Laws and Tests Questions and Answers All Correct What are the four steps of contract formation? - Answer-1. Offer 2. Acceptance 3. Intention to be bound 4. Consideration What is an offer? - Answer-A clear and unambiguous undertaking or promise to be bound by specified terms which becomes binding on acceptance What are the three characteristics of offer? - Answer-1. Must be definite and clear in its terms (leaves nothing open for negotiations) 2. Can be expressed or implied from...

BLAW EXAM 3 KU Amii Castle Questions and Answers Trade Secrets (intellectual property) any form of knowledge that has economic value from not being generally known. - not readily ascertainable by others -owner has mad reasonable effects to maintain secrecy (UTSA) Intellectual Property -Not tangible -information -laws protect the ownership of info Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen Brainpower Read More Ar...

BLAW 3310 - Exam 3 Review Test Bank, Complete Solution Guide: Latest Guide - University of Texas, Arlington. 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 $20 million d. about $50 million e. none of th...