Wgu business law c713 - Study guides, Class notes & Summaries

Litigation refers to lawsuits, the process of filing claims in court, and ultimately going to trial Alternative Dispute Resolution any other formal or informal process used to settle disputes without resorting to a trial Litigator Lawyer who handles court cases Negotiation In most cases, the parties will do this, whether personally or through lawyers. Fortunately, the great majority of disputes are resolved this way. Often begins as soon as a dispute arises and may last ...

Bilateral Contract A promise made in exchange for another promise. Unilateral Contract One party makes a promise that the other party can accept only by actually doing something. Executory Contract Control that has yet to be fulfilled Executed Contract Contract where all parties have fulfilled their obligations Voidable Contract When the law permits one party to terminate the agreement. Void Contract Contract that neither party can enforce Unenforc...

Which kind of law is made when an appellate court endorses a rule to be used in deciding court cases?️️Common Law Which kind of law is based on the customs of a group?️️Common Law Which kind of law is enacted by state or federal legislatures?️️Statutory Law Which type of law is used when the Federal Communications Commission publishes a regulation on cigarette advertising on television?️️Administrative Law A hair stylist and client disagree over whether the stylist pr...

Define " Precedent" To make decisions for current cases based on previous rulings Define "Common Law" The accumulation of precedent, based on case after case, makes up the common law The constitution does what 3 basic things? 1. Establishes the structure of U.S. government with 3 branches. 2. Creates checks and balances for those 3 branches. 3. Guarantees basic rights for the people of the U.S. What are the 3 legal authorities of the U.S. and why is this division im...

WGU C713 BUSINESS LAW QUESTIONS WITH PASSED ANSWERS 100%

WGU C713 Business Law Latest Update 100% Solved precedent the tendency to decide current rulings based on previous cases, only binding in lower courts common law judge made law, often created through many precedents judicial power gives the right to interpret laws and determine their validity statutes legislature to become a law laws bill (congress), simple majority in house and senate -> president (veto power) -> 2/3 in house and senate -> statute injunction order to stop doing so...

What is the principal source of stare decisis and precedent? A) Constitutional Law B) Administrative Law C) Statutory Law D) Common Law - CORRECT ANSWER Common Law A rent-to-own store offered for sale a sofa that was manufactured in a foreign county. The store intentionally represented that the sofa was made from leather, but in reality it was made from vinyl. A consumer used a credit card to purchase the sofa and hopes the Federal Trade Commission regulations can help resolve ...

WGU C713 BUSINESS LAW EXAM 2024- 2025 COMPLETE 400 QUESTIONS WITH 100% CORRECT DETAILED AND VERIFIED ANSWERS BRAND NEW EXAM ALREADY GRADED A+

WGU C713 Business Law Version 3 Latest 2023 Graded A+ What purpose does the law serve in our society? To resolve conflicts in our society without the ise of volence. What are the three branches of government? Executive, Legislative, and Judicial What is Statutory Law? Law that is created by a legislative body, known as congress, at the federal Level. What is common Law? Is Judge-Made Law. It is law that comes from previous Judge rulings in similar cases. What is administrative Law? A branch ...