Blaw exam 4 - Study guides, Class notes & Summaries
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BLAW 3391 Pleasant Exam 2 Questions With Verified Answers
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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...
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BLAW EXAM 4/108 EXAM QUESTIONS AND ANSWERS
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BLAW EXAM 4/108 EXAM QUESTIONS AND ANSWERS
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BLAW 3310 - Exam 3 Review Test Bank, Complete Solution Guide: Latest Guide - University of Texas, Arlington.
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BLAW 3310 - Exam 3 Review Test Bank, Complete Solution Guide: Latest Guide - University of Texas, Arlington. 
Chapter 12 
Negotiable Instruments, Credit, and Bankruptcy 
1. Every year, creditors have to absorb in unpaid debt: 
a. about $100 million 
b. about $5 billion 
c. over $20 billion 
d. less than $5 million 
e. about $20 million 
ANSWER: c (page 331) 
National: AACSB Analytic; AICPA BB-Legal 
2. Every year, creditors have to absorb in unpaid debt: 
a. about $10 million 
b. about $1 billio...
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Pleasant BLAW Exam 3 Questions With Verified Answers
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Pleasant BLAW Exam 3 Questions 
With Verified Answers 
Contract - answerAn agreement that can be enforced in court; formed by two or more parties, 
each of whom agrees to perform or to refrain from performing some act now or in the future. 
Bilateral Contract - answerpromise for a promise 
Unilateral Contract - answerpromise in exchange for an act 
Formal Contract - answerrequires a special form for creation 
Informal Contract - answerrequires no special form for creation 
Express Contract - ans...
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Pleasant BLAW Exam 3 Questions With Verified Answers
- Exam (elaborations) • 5 pages • 2024
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Pleasant BLAW Exam 3 Questions 
With Verified Answers 
Contract - answerAn agreement that can be enforced in court; formed by two or more parties, 
each of whom agrees to perform or to refrain from performing some act now or in the future. 
Bilateral Contract - answerpromise for a promise 
Unilateral Contract - answerpromise in exchange for an act 
Formal Contract - answerrequires a special form for creation 
Informal Contract - answerrequires no special form for creation 
Express Contract - ans...
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BLAW 3310 - Exam 3 Review Test Bank, Complete Solution Guide: Latest Guide - University of Texas, Arlington.
- Exam (elaborations) • 428 pages • 2024
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BLAW 3310 - Exam 3 Review Test Bank, Complete Solution Guide: Latest Guide - University of Texas, Arlington. 
Negotiable Instruments, Credit, and Bankruptcy 
1. Every year, creditors have to absorb in unpaid debt: 
a. about $100 million 
b. about $5 billion 
c. over $20 billion 
d. less than $5 million 
e. about $20 million 
ANSWER: c (page 331) 
National: AACSB Analytic; AICPA BB-Legal 
2. Every year, creditors have to absorb in unpaid debt: 
a. about $10 million 
b. about $1 billion 
c. about ...
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BLAW Exam 1, Week 4 - Melvin Ch. 5, LES 305 Exam 1 Review ASU, Clark Questions And Answers 2024.
- Exam (elaborations) • 60 pages • 2024
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BLAW Exam 1, Week 4 - Melvin Ch. 5, LES 305 Exam 1 Review ASU, Clark Questions And Answers 2024.
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BLAW 3310 - Exam 3 Review Test Bank, Complete Solution Guide: Latest Guide - University of Texas, Arlington.
- Exam (elaborations) • 428 pages • 2024
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- $24.99
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BLAW 3310 - Exam 3 Review Test Bank, Complete Solution Guide: Latest Guide - University of Texas, Arlington. 
Negotiable Instruments, Credit, and Bankruptcy 
1. Every year, creditors have to absorb in unpaid debt: 
a. about $100 million 
b. about $5 billion 
c. over $20 billion 
d. less than $5 million 
e. about $20 million 
ANSWER: c (page 331) 
National: AACSB Analytic; AICPA BB-Legal 
2. Every year, creditors have to absorb in unpaid debt: 
a. about $10 million 
b. about $1 billion 
c. about ...
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Blaw 310 ULL Exam 1
- Exam (elaborations) • 16 pages • 2024
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Blaw 310 ULL Exam 1 
 
what is the law? - the law consists of enforceable rules governing relationships among 
individuals and between individuals and their society 
-they establish rights, duties, and privileges that are consistent with the values and beliefs of a 
society or its ruling group 
 
how are business decisions effected by law? - 
contracts 
courts and court procedures 
professional liability 
business organizations 
agency 
torts 
product liability 
e-commerce 
intellectual propert...
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BLAW 3391 Pleasant Exam 2 Questions With Verified Answers
- Exam (elaborations) • 12 pages • 2024
- Available in package deal
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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...
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