Blaw ttu Study guides, Class notes & Summaries

BLAW 3391 Exam 2 TTU Questions With Verified Answers 100% Solved sole proprietorship - answerbusiness owned and operated by one person unlimited liability - answerlegal exposure in which an owner of a business is personally liable for all of the debts and obligations of the business what is the most popular form of business organization in the US? - answersole proprietorship sole proprietorship advantages - answer-easily established -no partners or shareholders -only pay taxes on income...

BLAW Final Exam Review Ch. 10-18 Pleasant TTU Questions And Answers (Verified And Updated) Jackie agrees to pay Ben $1,000 if Ben agrees to not go skydiving for six months. After Ben avoids skydiving for six months, he asks Jackie for payment. Jackie declines to pay Ben the $1,000. The contract between Jackie and Ben: - answerwill be enforced because Ben exercised forbearance which is legally sufficient consideration. Michael agrees to buy Randy's wheelbarrow for $100. After the agreemen...

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 Final TTU Exam Questions With Verified Answers 100% Solved tangible personal property - answerpersonal property that can be moved contract - answerlegally enforceable agreement that is created when two or more competent parties agree to perform, or to avoid performing, certain acts that they have a legal right to do and that meet certain legal requirements offer - answera proposal made by one party (the offeror) to another person (the offeree) that indicates a willingness to ent...