Blaw 3391 exam 1 Study guides, Class notes & Summaries

BLAW 3391 Pleasant Exam 2 Questions With Verified Answers One who initiates and assumes the financial risk of a new business enterprise and undertakes to provide or control its management - answerEntrepreneur The simplest form of business organization, in which the owner reports business income on his or her personal income tax return and is legally responsible for all debts and obligations incurred by the business. - answerSole Proprietorship You can establish without filing any legal do...

BLAW 3391 TTU Exam 1 Questions With Verified Answers Liability State of being legally responsible (liable) for something. (Ex. debt or an obligation) Primary source of law A document that establishes the law on a particular issue, such as a constitution, a statute, an administrative rule, or a court decision. (constitutions, statues, admin regulations and case law) Secondary source of law A publication that summarizes or interprets the law, such as a legal encyclopedia, a legal treatis...

BLAW 3391 Pleasant Exam 2 Questions With Verified Answers Entrepreneur - answerOne who initiates and assumes the financial risk of a new business enterprise and undertakes to provide or control its management Sole Proprietorship - answerThe simplest form of business organization, in which the owner reports business income on his or her personal income tax return and is legally responsible for all debts and obligations incurred by the business. Sole Proprietorship in TX - answerYou can est...

BLAW 3391 TTU Exam 1 (Mcinturff) Questions With Verified Answers Laws rules governing relationships among individuals and between individuals and their society. Priorities of Law? (Highest to lowest) Federal Constitution Federal Statutes State Constitution State Statutes Local Ordinances Conflict Order of precedence Agencies created by legislatures and make their own rules which have the legal force of statutory law. (ex: IRS) Common Law - The earliest version of law - Laws ...

Blaw 3391 Test #1 Exam Questions With Verified Answers 100% Solved Constitutional Law - answer1st Source of law - Federal and State Constitutions Executive Order - answerLegally binding directive from the president - Ex in 1957 Eisenhower ordered federal troops to enforce the Supreme Court's ruling to desegregate the school system Treaty - answerWritten Agreement between two or more countries Becomes Legally binding when they are approved by 2/3 of the Senate Statutory Law - answer2nd S...

BLAW 3391 TTU Exam 1 Questions With Verified Answers Laws - answerrules governing relationships among individuals and between individuals and their society. Priorities of Law? (Highest to lowest) - answerFederal Constitution Federal Statutes State Constitution State Statutes Local Ordinances Conflict Order of precedence Agencies - answercreated by legislatures and make their own rules which have the legal force of statutory law. (ex: IRS) Common Law - answer- The earliest version of...

BLAW 3391 TTU Exam 1 (Mcinturff) Q&A

BLAW 3391 Pleasant Exam 2 Questions With Verified Answers One who initiates and assumes the financial risk of a new business enterprise and undertakes to provide or control its management - answerEntrepreneur The simplest form of business organization, in which the owner reports business income on his or her personal income tax return and is legally responsible for all debts and obligations incurred by the business. - answerSole Proprietorship You can establish without filing any legal do...

BLAW 3391 Pleasant Exam 2 Questions With Verified Answers Entrepreneur - answerOne who initiates and assumes the financial risk of a new business enterprise and undertakes to provide or control its management Sole Proprietorship - answerThe simplest form of business organization, in which the owner reports business income on his or her personal income tax return and is legally responsible for all debts and obligations incurred by the business. Sole Proprietorship in TX - answerYou can est...