Busi 301 exam 2 Study guides, Class notes & Summaries

BUSI 301 Business Law Exam 2 Liberty University - Questions with complete solution BUSI 301 Business Law Exam 2 Elements of a Contract - correct answer agreement, consideration, capacity, legality Agreement - correct answer offer and acceptance Consideration - correct answer bargained-for exchange and legally sufficient Capacity - correct answer minor, incompetent, intoxicated Legality - correct answer gambling, crime Guinuiness of Assent - correct answer A mistake or misrep...

BUSI 301 Business Law Exam 2 fully solved graded A+Elements of a Contract - correct answer agreement, consideration, capacity, legality Agreement - correct answer offer and acceptance Consideration - correct answer bargained-for exchange and legally sufficient Capacity - correct answer minor, incompetent, intoxicated Legality - correct answer gambling, crime Guinuiness of Assent - correct answer A mistake or misrepresentation Form - correct answer writing/statute of frauds Ora...

BUSI 301 Week 1 Exam Questions With 100% Correct Answers 2024. Laws passed by the federal or a state legislature and either approved or rejected by the executive branch are called - CORRECT ANSWER statutes Most American law derives from this country's legal doctrines - CORRECT ANSWER England Federal statutes are created by the United States _____ and approved or vetoed by the President. - CORRECT ANSWER Congress or legislature A typical business transaction may be impacted by many...

BUSI 301 Business Law Exam 2 Questions 2024. Elements of a Contract - CORRECT ANSWER agreement, consideration, capacity, legality Agreement - CORRECT ANSWER offer and acceptance Consideration - CORRECT ANSWER bargained-for exchange and legally sufficient

BUSI 301- Exam 3 Questions Correctly Answered 2024. Formation of Agency Relationship - CORRECT ANSWER An agency relationship is formed when the agent and the principal and subject to the principal's control ABC test - CORRECT ANSWER Mutual assent on behalf of and subject to the control of ABC test defintion - CORRECT ANSWER Statutory standard used by many states to determine agency status Employee Agent - CORRECT ANSWER Anyone who performs services for a principal who can control ...

BUSI 301 Chapter 6 Final Exam Questions 2024. A Contract... - CORRECT ANSWER is more than an agreement between two or more parties. Contracts are enforced agreements between the parties. One generally accepted definition of a contract is a promise or a set of promises enforceable by law. The necessary elements of a contract: - CORRECT ANSWER 1. Mutual Assent 2. Capacity to contract 3. Consideration 4. Legal purpose Mutual Assent - CORRECT ANSWER There must be an offer and agreement...

NAB Exam 1. Gerontologists Categories - How is Young-Old Defined>>>>65 to 74 years old 2. Gerontologists Categories - How is Old-Old Defined>>>>75 to 84 years old 3. Gerontologists Categories - How is Oldest-Old Defined>>>>Over 85 + years old 4. The morning meal must be served within how many hours after the previ- ous meal>>>>14 Hours, if the required evening snack is substantial and the resident approves 16 hours may elapse 5. A fu...

BUSI 301 - Exam 2 Study Guide. / BUSI 301 - Exam 2 Study Guide. zxzBUSI 301 Test 2 Study Guide Chapter 6 Overview and Language of Contracts  Contract: an enforceable agreement between two or more parties; a promise or set of promises enforceable by law; an agreement that a court of law will recognize and enforce; defines circumstances that excuse parties from their obligations  Elements of a contract o Mutual Assent: offer and agreement o Capacity to contract: proper age and me...

NAB Exam 1. Gerontologists Categories - How is Young-Old Defined>>>>65 to 74 years old 2. Gerontologists Categories - How is Old-Old Defined>>>>75 to 84 years old 3. Gerontologists Categories - How is Oldest-Old Defined>>>>Over 85 + years old 4. The morning meal must be served within how many hours after the previ- ous meal>>>>14 Hours, if the required evening snack is substantial and the resident approves 16 hours may elapse 5. A fu...