Wgu c713 - Study guides, Class notes & Summaries

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 ...

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...

An employee leaves the company office and is injured by a falling tree branch. The employee sues the company. The trial court rules that the company is liable for the worker's injury. This decision goes against past precedent, which held that employers are not liable for injuries to employees outside the office. The company appeals the decision and the US court of appeals holds in the company's favor. How will future rulings by judges who disagree with the court of appeals findings be affected...

Role of Law in Society Law helps us settle disputes and regulate activity. Stare Decisis Latin for "let the decision stand". Common law Consists of case decisions. Is also called case law or judge-made law. Statutory Law Laws written and passed by legislature and signed by executive. Administrative Law Regulations produced by Federal Agencies. Treaties Agreements between US and foreign country negotiated by president and effective when ratified by 2/3 V...

intangible creative work that is embodied in physical form and includes copyrights, trademarks, and patents intellectual property Patent An exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something or offers a new technical solution to a problem. Copyright The right to exclude others from using or marketing forms of expression. Trademark The right to prevent others from using a company's product nam...

WGU BUSINESS LAW C713 (SCORED A+) 2024!!

The legal system in the United States is comprised of - CORRECT ANSWER 1) both state and federal constitutions 2) statutes and agency regulations 3) judicial decisions Local and state laws may not conflict with - CORRECT ANSWER federal laws Primary sources of law - CORRECT ANSWER constitutional law, statutory law, common law, and administrative law the law serves to - CORRECT ANSWER 1) keep the peace 2) maintain the status quo 3) preserve individual ri...

What purpose does the law serve in our society? - CORRECT ANSWER To resolve conflicts in our society without the ise of volence. What are the three branches of government? - CORRECT ANSWER Executive, Legislative, and Judicial What is Statutory Law? - CORRECT ANSWER Law that is created by a legislative body, known as congress, at the federal Level. What is common Law? - CORRECT ANSWER Is Judge-Made Law. It is law that comes from previous Judge rulings in...

buyer invests money in a common enterprise and expects profit from others work - Security Government securities, bank securities, short term notes, non profit issues, insurance policy, annuity contracts - Exempt Securities Federal agency that enforces securities laws. - SEC (Securities and Exchange Commission) Bring cease and desist order against those who violate the law and can levy fines or confiscate profits from illegal transactions. - Functions of SEC Criminal action for SEC vio...

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 of law that governs the creation and operat...