Bul 3310 exam 3 - Study guides, Class notes & Summaries

Renunciation of Authority - ️️The act by which a person abandons a right acquired without transferring it to another. Power of Attorney - ️️An instrument by which one person appoints another as his agent and confers upon him the authority to perform certain specified acts on behalf of the principal. Power revoked at death. Actual Authority - ️️Authority an agent actually possesses. Maybe expressed or implied. Agency - ️️Relations in which one person, the agent, acts on beh...

Actual Authority  Authority an agent actually possesses. Maybe expressed or implied. Agency  Relations in which one person, the agent, acts on behalf of another, the principal. Agency by Estoppel or Apparent Authority  Arises where an agent has no actual authority, but the principal leads third parties to believe the agent may act on his behalf. Agent  One who acts for the benefit of another. Disclosed Principal  If the parties have notice they are working for an agent ...

BUL 3310 EXAM 3 QUESTIONS WITH VERIFIED ANSWERS Dillon struggles with his algebra class and, in July, decides that he is going to arrange for a tutor for the upcoming school semester. He eventually persuades Vonda to tutor him. They discuss Vonda's fee and hours and decide that their arrangement will last for the entire school semester. Under the Statute of Frauds, this contract: a. must be in writing under the UCC. b. does not need to be in writing. c. must be in writing because it i...

BUL 3310 Exam 1 - Units 1,2 & 3 (Professor Bailey) Questions With Correct Answers!!

BUL 3310 Exam 1 - Units 1,2 & 3 (Professor Bailey) Questions With Correct Answers!!

In order to protect the health and welfare of its residents, Maryland has a law requiring that all public swimming pools be tested daily for bacteria. Maryland passed this law pursuant to its ________________powers. - answer-Police American government is based on the concept of ____________, which allocates the power to govern between a sovereign federal authority and the sovereign states. - answer-Federalism Assume that State University institutes a curfew for the female students who live...

BUL 3310 Exam 4 FSU Bailey - Questions and Answers (Complete Solutions) Phil has a 1/4 partnership interest in Green & Sons. He has been denied access to the partnership books and records for over a year and he suspects that one of the partners has been engaging in secret business transactions using partnership funds. Phil wants to know the status of the business. Phil's remedy in this situation is to go to a court of equity for an ______________. Charging order Marshalling order Accounting De...

BUL 3310 Exam 1 FSU Bailey - Questions and Answers (Complete Solutions) Criminal and taxing statutes are strictly and narrowly construed True False If one obeys the law, one is not necessarily acting ethically because ethical standards of conduct and legal standards of conduct are identical. True False A person who violates a decree from a court of equity can be jailed for contempt of court. True False In a criminal case, the state has the burden to convince jurors of the defendant's guilt "...

Which of the following would constitute a "taking" of property by the government? (select all the answer options that are correct) -A forced sale of land to construct a highway -The rezoning of an area so that all reasonable uses of the property are lost. -The fire department burning down a warehouse to create a firebreak to keep a blaze from spreading. -The police entering your home while in the pursuit of a felon. - -A forced sale of land to construct a highway -The rezoning of an ar...