Legl 2700 test 3 exam - Study guides, Class notes & Summaries

LEGL 2700 Hackleman Test 1 Exam Questions and Answers 100% Solved 3 concepts for functioning market - Law- most significant and formal rules established by the gov Rule of Law - laws generally and equally applicable to all Property -enables party that owns property to keep other from interfering 3 Types of Property - Public, Private, Common jurisprudence - philosophies that explain the origin of law and its justification ownership - the right to turn to public authorities like the polic...

(Al Minor v Martin) Al Minor and Associates v. Martin - correct answer o X had a lot of secrets and made people sign NDAs o Y decided to use the skills he learned working at X to start his own company o Y quits and doesn't take any documents, but he calls X clients from his memory and takes a lot of them o Court rules that information doesn't have to be tangible, it can be memorized and still be a trade secret o Y found liable for taking trade secrets Association for Molecular Pathology...

Role of Scarcity (property) - correct answer need for resources overtakes supply of those resources State controlled/communism - correct answer govt controls resources and directs how they're divided between citizens; control means of production Property-based/capitals - correct answer enact laws that enable citizens to acquire, possess, use, and transfer resources; free market States generally have a mix - correct answer not purely one or the other Real Property - correct answer la...

(Al Minor v Martin) Al Minor and Associates v. Martin - correct answer o X had a lot of secrets and made people sign NDAs o Y decided to use the skills he learned working at X to start his own company o Y quits and doesn't take any documents, but he calls X clients from his memory and takes a lot of them o Court rules that information doesn't have to be tangible, it can be memorized and still be a trade secret o Y found liable for taking trade secrets Association for Molecular Pathology...